Meta cutting several hundred jobs across Reality Labs, Facebook and other departments
The layoffs come as Meta has been refocusing its efforts and pouring billions of dollars into AI.
UK government to trial social media ban for hundreds of teens
A teen social media ban pilot in the U.K. will include restrictions ranging from curfews to time caps on popular apps like Instagram, TikTok, and Snapchat.
Watch Interior Secretary Burgum address oil industry as Trump hints at negotiated end to Iran war
Investors will be looking for updates from Burgum, who also chairs Trump’s energy dominance council, on the state of the U.S. war against Iran
The beginning of the end for petrodollar dominance? Why Deutsche sees opportunity for Beijing
The fallout from the Iran war on oil markets could lead to the beginning of the end for the petrodollar, one Deutsche strategist has warned.
Oil giants raise the alarm over energy shortages as Iran war drags on
Shell CEO Wael Sawan warns Europe will be next to face an energy supply crunch.
ECB ready to hike rates even if expected inflation surge is short-lived, Lagarde says
The ECB kept interest rates on hold at its last monetary policy meeting last week.
Iran has no intention to hold talks with U.S; foreign minister says Trump proposal to end war being reviewed
President Donald Trump has claimed the U.S. and Iran are “in negotiations now.” But the Islamic Republic denies any direct talks to end the war.
Swiss sneaker maker On Holding shakes up leadership amid slowing growth
Co-founders to become co-CEOs as On prepares to enter its “next growth phase,” the company said in a statement Wednesday.
Merck to buy Terns Pharmaceuticals for $6.7 billion to boost cancer pipeline
Merck is bulking up its portfolio ahead of its best-selling cancer drug Keytruda losing patent protection in 2028.
Arm jumps 16% as company expects revenue windfall from new chip, a ‘significant shift’
Arm said it expects its new chip to generate six times more revenue in 2031 than the $4 billion it made in 2025.
