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...

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...

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...

The British telecommunications and media firm Sky plans to shut down three of its ten call centers in the UK, which could result in layoffs of as many as 2,000 employees. According to the company's report, approximately 7% of the employees will be impacted by the layoffs. Sky intends to shut down...

Chevron, an American oil and gas firm, intends to reduce its workforce by 15% to 20% by the close of 2026. The firm employs roughly 40 thousand people, indicating it plans to eliminate as many as 8 thousand positions. The layoffs are part of Chevron's strategy to lower expenses and streamline the...

The COP29 summit in Baku, Azerbaijan, concluded with a mix of breakthroughs and unresolved challenges that reflect the complexities of global climate negotiations. While progress was made on climate finance and carbon markets, the lingering influence of fossil fuel interests and political...

Kansai Electric Power Co. in Japan reported the closure of a nuclear reactor due to the detection of a small hole in a pipeline. The third reactor at the Mihama nuclear power plant in Fukui prefecture will undergo inspection, resulting in its suspension, as announced by the company in a statement....

According to Bloomberg, ex-high-ranking executives of Glencore Plc, who are accused by UK authorities of corrupt behavior in West Africa, are scheduled to stand trial in London in mid-2027. Legal proceedings in the case filed by the UK's Serious Fraud Office (SFO) against the company are scheduled...

The world's biggest lithium producer, Albemarle, which is based in the US, intends to streamline its operations in response to evolving market conditions. The company's press release states that it will alter its operating structure to enhance flexibility, realize cost savings, and remain...