By Ruhi Soni and Ankit Kumar (Reuters) – Seeds and pesticides company Corteva Inc on Tuesday announced plans to exit about 35 countries and lay off roughly 5% of its global workforce as part of the company’s cost-cutting plans. A surge in inflation this year to four-decade highs has forced Corporate America to slash planned…
Starbucks __ ringing up record sales but struggling with low employee morale __ plans to spend $450 million next year to make its North American stores more efficient and less complex. The company also said it plans to open 2,000 net new stores in the U.S. by 2025, with an emphasis on meeting the growing…
By Hilary Russ SEATTLE (Reuters) – Starbucks is exploring developing technology to prevent U.S. cafes from becoming overwhelmed by too many orders as it seeks to revitalize its business and improve working conditions for employees, the company said on Tuesday. A surge in digital orders, which now make up nearly a quarter of all orders,…
By David Shepardson WASHINGTON (Reuters) -The chair of the Senate Judiciary Committee and the panel’s top Republican on Monday asked Twitter Inc Chief Executive Parag Agrawal to answer questions about a former company executive turned whistleblower who is set to testify. Peiter “Mudge” Zatko, a famed hacker who served as Twitter’s head of security until…
By Sheila Dang (Reuters) – Disclosures from a former Twitter Inc executive turned whistleblower show that at least one Chinese agent is working at the company, Senator Chuck Grassley said in his opening remarks during a Senate hearing on Tuesday featuring testimony from the whistleblower. The testimony of Peiter “Mudge” Zatko, a famed hacker who…
WASHINGTON (AP) — Twitter’s former security chief told Congress Tuesday there was “at least one agent” from China’s intelligence service on Twitter’s payroll and that the company knowingly allowed India to add agents to the company roster as well, potentially giving those nations access to sensitive data about users. These were some of the troubling…
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits to be filed in British and Dutch courts in the coming weeks by a law firm on behalf of publishers. Google’s adtech has recently drawn…
BRATISLAVA, Slovakia (AP) — Slovakia’s president on Tuesday swore in new ministers who replaced their predecessors from a junior coalition partner that withdrew from the governing four-party coalition, leaving Prime Minister Eduard Heger without a parliamentary majority. The appointment came after President Zuzana Caputova accepted the resignation of all four ministers from the liberal Freedom…
NEW YORK (AP) — Bill Gates says the global hunger crisis is so immense that food aid cannot fully address the problem. What’s also needed, Gates argues, are the kinds of innovations in farming technology that he has long funded to try to reverse the crisis documented in a report released Tuesday by The Bill…
LONDON (AP) — There are fridge magnets, tea sets and flags. And of course mugs, T-shirts and sweatshirts with the face of Queen Elizabeth II that are inscribed with the dates of her 70-year reign: 1952-2022. Just days after the death of Britain’s longest-serving monarch, unofficial souvenirs have rolled out at royal-themed gift shops in…
