Canada Goose announced on Tuesday its decision to reduce its corporate workforce by approximately 17%, joining a series of other retailers that have implemented layoffs amidst a consumer pullback on discretionary spending. While the exact number of employees affected remains ...

AT&T has confirmed that approximately 73 million current and former customer accounts were recently leaked to the dark web, with the breach occurring about two weeks ago. The telecom giant stated that it is currently investigating the breach to determine ...

On Friday, Japan’s Panasonic Holdings announced its decision to divest its entire stake in Panasonic Automotive Systems (PAS) to funds managed by U.S. private equity firm Apollo Global Management, followed by an investment in the newly established holding entity. According ...

Sam Bankman-Fried has received a 25-year federal prison sentence for deceiving customers and investors in his failed cryptocurrency exchange FTX, as ruled by a Manhattan court on Thursday. Prior to delivering the sentence, Judge Lewis Kaplan expressed concerns about the ...

Ford Motor sees a significant opportunity to expand Mustang sales, positioning itself as the last American muscle car featuring a traditional V8 engine, a characteristic that resonates with generations of enthusiasts drawn to high-performance vehicles. The company’s optimism stems from ...

On Friday, Chinese telecommunications giant Huawei announced that its net profit for 2023 had more than doubled, thanks to improved product offerings and robust revenue growth. The company reported a 9.6% year-on-year increase in revenue to 704.2 billion yuan ($99.18 ...

Kimberly-Clark announced on Wednesday its decision to undergo a reorganization into three distinct business units, aiming to streamline operations and reduce expenses for the Kleenex tissue manufacturer. The consumer goods giant, headquartered in Irving, Texas, revealed plans to allocate approximately ...

Japanese monetary authorities made a last-minute decision to advance an emergency meeting on the weak yen to Wednesday (Mar 27) from its original Thursday schedule, aiming to enhance the effectiveness of addressing the sharp decline in the yen. The meeting, ...

Treasury Secretary Janet Yellen issued a warning on Wednesday, expressing apprehension that China is leveraging the global economy as a repository for its surplus clean energy products, resulting in depressed market prices and adverse implications for green manufacturing in the ...

Microsoft has crossed a significant milestone, with its valuation exceeding $3 trillion (€2.7 trillion), making it the second company, following Apple, to achieve this feat. The surge in Microsoft’s valuation can be attributed in part to its strategic focus on ...