(Reuters) -Footwear brand Converse will cut jobs as part of parent company Nike’s on-going $2 billion cost savings plan, Bloomberg News reported on Tuesday citing an internal memo. Nike had laid out a costs saving plan in December that would stretch over the next three years and also include tightening the supply of some products…
(Reuters) – Israel and Hamas have been waging war since gunmen from the Palestinian militant group went on the rampage in southern Israel on Oct. 7, killing 1,200 people and capturing 253 hostages. Israel responded with a military campaign in which more than 35,000 Palestinians have been killed. The war is the bloodiest ruction in…
(Reuters) -U.S. President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products. Following are reactions to the move. ELISSA PIERCE, RESEARCH ASSOCIATE, WOOD MACKENZIE “U.S. solar manufacturers are still relatively dependent on China for other module components, such as glass…
(Reuters) – Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence and metaverse technologies, the Facebook parent said on Tuesday. Workplace will be shuttered starting June 2026 for customers but Meta will continue to use it as its internal messaging board, the company said, adding users…
