Paramount CEO Bob Bakish announced job cuts, joining an industry trend of layoffs. Paramount CEO Bob Bakish announced staff layoffs on Thursday as part of a strategic effort to operate more efficiently and reduce expenses, according to a report by CNBC.
Industry
Bernard Arnault Moves to Tighten the Family's Hold on LVMH by Nominating 2 More Sons to Company's Board
LVMH head Bernard Arnault has proposed the appointment of his two sons to the company's board. Bernard Arnault, the head of the LVMH luxury goods conglomerate, disclosed on Wednesday that he has proposed the appointment of two more of his children to the company's board, a move to solidify his family's grip on Europe's most valuable firm.
Mining Giants Ordered to Pay Nearly $10 Billion Over Brazil Dam Disaster That Killed 19 People
Mining giants BHP, Vale, and their iron ore joint venture Samarco have been ordered to pay $9.67 billion in damages over a deadly dam collapse in Brazil.
FTC to Investigate AI Deals of Tech Giants Microsoft, Amazon, and Google
The Federal Trade Commission (FTC) has initiated an inquiry into the substantial investments made by tech giants Microsoft, Amazon, and Google in AI startups like OpenAI and Anthropic.
Woolworths Workers Criticize the Supermarket Over 'Woke' Australia Day Stance
Employees at Woolworths have voiced their displeasure over the supermarket's controversial Australia Day stance.
Latest News
The world's largest uranium producer, Kazatomprom, is anticipating production issues over the next two years, which can trigger a price rise in uranium.
China has introduced a new strategy to transform domestic innovations into commercial products that can compete in the global market.
Microsoft briefly achieved a market capitalization exceeding $3 trillion during intraday trading on Wednesday.
Qatar, one of the world's top LNG producers, is delaying some deliveries to Europe due to the Red Sea crisis.
Chick-fil-A customers eligible for a $29.95 gift card as part of a $4.4 million lawsuit settlement are urged to act swiftly as the deadline approaches.
China will reduce its banks' liquidity reserves at the start of next month to boost its struggling economy.
Warren Buffett-backed BYD has seized the top position in China's car market, ending Volkswagen's 15-year reign.
US tech giant Apple has paid a fine of $13.65 million imposed by Russia's FAS antitrust agency for the company's alleged abuse of its dominant market position concerning in-app payments.
A top Apple analyst warned that Apple Vision Pro, which immediately sold out after preorders opened Friday, could face a downturn in demand.
