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Saudi Arabia condemns Israel's decision to expand military operations in Gaza 08/13/2025

Anchorage Accord Talks: What Was Said Between Putin and Trump — and a Possible Path to Peace in Ukraine 08/17/2025

Deutsche Bahn CEO to step down 08/15/2025

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Deutsche Bahn CEO to step down

Richard Lutz, CEO of the state-owned railway company Deutsche Bahn, will resign, announced the German Federal Transport Ministry in a statement. Lutz has led the company for eight years, with his tenure concluding in 2027. He will stay in his position until a successor is named, for whom the search...

Trump calls on Intel CEO to resign over Chinese investments

US President Donald Trump has urged Intel Corp. CEO Lip-Bu Tan to step down right away, referencing a “significant conflict of interest” due to his investments in Chinese firms. “The Intel CEO should step down right away because of a significant conflict of interest. There isn't another solution to...

Anna Wintour steps down as Vogue editor-in-chief after 37 years

American Vogue's editor-in-chief Anna Wintour is leaving her position after 37 years, The New York Post writes referencing a source familiar with Condé Nast. The company’s spokesperson stated that Wintour, 75, revealed during a staff meeting on Thursday morning that she was seeking a new "head of...

Likely candidate for Renault CEO Maxime Picat leaves Stellantis

Stellantis announced in a press release that Purchasing Director Maxime Picat has departed from his position. Picat is seen as one of the top candidates to lead another automaker, Renault. Last week, Renault's CEO Luca de Meo revealed his intention to resign on July 15 and pursue new...

Renault head Luca de Meo to leave the company on July 15

Renault's CEO Luca de Meo has revealed his choice to resign and pursue new opportunities beyond the automotive industry, reads a press statement from the French car manufacturer. De Meo held this position for five years. He will depart from the company on July 15 and will maintain his...

Google offers employees of several divisions to quit in exchange for compensation

According to CNBC, U.S. Google, a subsidiary of Alphabet Inc., has provided employees from specific divisions severance packages in return for voluntary resignation. Among other aspects, the measures address the so-called knowledge and information sector (K&I), which encompasses experts in...

Walmart plans to cut 1,500 office jobs

American Walmart Inc., the largest retailer in the U.S., intends to eliminate 1.5 thousand office positions in the country as part of a strategy to streamline expenses and accelerate decision-making, according to The Wall Street Journal, which references a source. The firm informed its staff that...

Inditex to replace its Chief Financial Officer

Spain's Industria de Diseno Textil SA (Inditex), a leading global apparel retailer, announced that it is replacing its chief financial officer. The new CFO will be Andres Sanchez Iglesias, who is presently the tax director. He follows Ignacio Fernandez Fernandez, who is transitioning to Inditex as...

Microsoft to cut 3% of jobs as part of management structure optimization

American technology giant Microsoft Corp. intends to reduce its workforce by 3%, writes CNBC citing a statement from the company's spokesperson. The reductions will impact every division and will influence workers at all tiers. As per the yearly report provided by Microsoft to the Securities and...

UBS cuts jobs in Italy as part of Credit Suisse business integration

Swiss UBS Group AG intends to reduce 180 positions in Italy as part of integrating the operations of its recently acquired competitor Credit Suisse. The financial firm informed Italian labor union representatives about its plan to reduce 162 positions in the asset management sector of UBS Europe...