Starbucks' franchisee in the Middle East, Alshaya Group, is implementing significant job cuts at its coffee shops.
Regions
Hong Kong to Host CoinDesk Consensus as It Bids to Become a Crypto Hub
CoinDesk will hold a consensus in Hong Kong, showcasing the region's progress as a digital asset hub despite regulatory lag in certain areas.
Texas' Largest Wildfire Caused by Power Line Ignition, Authorities Confirm
Xcel Energy admitted that its power lines ignited the Smokehouse Creek fire in the Texas Panhandle but denied negligence in infrastructure maintenance and operation.
UK Rail Regulator Allows Grand Union Trains to Open a London-Scotland Route
Grand Union will receive approval to operate trains from London to Stirling by 2025, increasing passenger options as the government aims for more competition in the rail sector.
Meta And Snapchat Deny Limiting Palestinian Content Amid Israel-Hamas Conflict
Reports from journalists and social media users allege that social media firms like Meta shadowbans Palestinian content, suppressing fair reporting on the ground.
Latest News
UK Finance Minister Jeremy Hunt plans to eliminate the "non-dom" status in the UK, aiming for a fairer, more competitive global tax system.
Russia and China are planning to build a nuclear power plant on the moon by 2035. Russia's Roscosmos space agency chief, Yuri Borisov, said on Tuesday that Russia and China are planning to build a nuclear power plant on the moon by 2035.
Houthi attacks disrupt Red Sea shipping, causing global companies like Geely, Tesla, and Adidas to face delays and logistic challenges, prompting strategic adaptations.
The Middle East's geopolitical instability has fueled gold price hikes, with investors anticipating a Federal Reserve rate decrease.
The European Commission will propose strengthening the EU's armaments industry and entering "war economy mode" in light of Russia's invasion of Ukraine.
The mayor of Sorriso, Brazil's leading soybean producer, plans to attract investments for the local grain crushing industry, highlighting the region's global agricultural potential and promoting the establishment of new crushers.
France, Poland, and Estonia are calling on the European Union to secure funding for defense programs in response to vulnerabilities exposed in the EU's defense capabilities during the Russia-Ukraine war.
The Third Plenum has not yet materialized, raising concerns about the country's ability to tackle economic challenges despite anticipated ambitious growth targets.
Saudi Arabia, Russia, and some other key members of the Organization of the Petroleum Exporting Countries Plus (OPEC+) have decided to prolong their voluntary crude supply cuts until June.
