TD Bank Announces 2% Workforce Layoff to Cut Costs
TD Bank (TD.TO) revealed Thursday that it will lay off 2% of its workforce, equating to approximately 2,000 employees, as part of a broader restructuring effort. This move aims to reduce costs
Microsoft Dissects Lumma Stealer Malware in Global Operation
Microsoft revealed Wednesday that its digital crimes unit, in collaboration with law enforcement agencies worldwide, dismantled the Lumma Stealer malware operation. The malware, which had infected over 394,000 Windows computers globally between
BYD Surpasses Tesla in European EV Sales
In a significant shift in the European electric vehicle (EV) market, Chinese automaker BYD has overtaken Tesla in sales for the first time. According to a report by JATO Dynamics, BYD sold
Google Launches AI Mode to Compete with Search Rivals
At its I/O conference on Tuesday, Google introduced several new technologies that aim to move beyond its traditional Search product, paving the way for a future where search engines are far less
JPMorgan’s Dimon Warns Trump’s Tax Bill Could Worsen Deficit
JPMorgan Chase CEO Jamie Dimon expressed concern on Thursday about U.S. President Donald Trump’s massive tax and spending bill, stating it could bring temporary stability but is unlikely to reduce the national
UK Inflation Rises to 3.5% in April, Exceeding Expectations
The United Kingdom’s annual inflation rate reached 3.5% in April, surpassing analyst predictions, as the latest data released by the Office for National Statistics (ONS) revealed. Economists had forecasted the consumer price
Japan’s Exports to US Decline Amid Rising Tariffs
Japan’s trade relationship with its largest trading partner, the United States, has been significantly impacted by rising tariffs under the Trump administration. In April, Japan’s exports to the U.S. fell nearly 2%,
Nestlé Gains Market Share in US Amid Economic Slowdown
Despite a slowdown in the U.S. economy, Swiss food giant Nestlé is making significant strides in recovering market share in the country, according to CEO Laurent Freixe. In an interview with Neue
US-China Trade Tensions Escalate Over Huawei’s Advanced Chips
After a brief truce on tariffs between the United States and China, tensions are reigniting, this time focusing on the future of Beijing’s most advanced semiconductors. The disagreement centers on Huawei’s AI
OpenAI Acquires Jony Ive’s Startup io for $6.4 Billion
OpenAI has made its largest known acquisition yet, purchasing the hardware startup io for $6.4 billion. The company was founded by Jony Ive, the renowned Apple designer best known for his work