News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to replace them. Bloomberg News reported that Meta CEO Mark Zuckerberg made the announcement in an internal note to employees, saying he wants to “raise the […]
Bloomberg reports that Meta will lay off 5% of staff Read More »
MONTREAL — Peeps trickle out of a soundproof chamber as its door opens. Female zebra finches are chattering away inside the microphone-lined box. The laboratory room sounds like a chorus of squeaky toys. “They’re probably talking about us a little bit,” says McGill University postdoctoral fellow Logan James. It’s unclear, of course, what they are
Can AI help us understand animals and reconnect with nature? A research lab thinks so Read More »
JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year. Earnings per share rose to $4.81 from $3.04 a year ago. The result beat Wall Street profit projections of $4.09
JPMorgan posts record annual profits as US banks thrive in final quarter of 2024 Read More »
BERLIN — Germany’s economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country’s traditional exports of cars and industrial machinery. The year’s weak performance underlines Germany’s status as Europe’s worst performing major economy and shows the country as having no meaningful growth
Germany's economy shrank for the second consecutive year in 2024 Read More »
CES, formerly known as the Consumer Electronics Show, in Las Vegas continues to provide a sneak peek at future technology. The annual showcase includes advanced automotive tech in an industry striving to reduce pollution and increase occupant safety while also providing greater convenience and entertainment for road warriors. These are the most impressive innovations we
Edmunds highlights the top car-tech trends from CES 2025 Read More »
ROME — Italy, Albania and the United Arab Emirates signed a three-way clean energy cooperation deal Wednesday that calls for the Gulf country’s expertise to be put to use in Albania to produce solar, wind and other renewable energy, some of which would then be transferred to Italy via an underwater cable. Italian Premier Giorgia
Italy, Albania and UAE ink clean energy cooperation deal Read More »
KYIV, Ukraine — Russia on Wednesday launched a major ballistic and cruise missile attack on regions across Ukraine, targeting energy production and compelling authorities to shut down the power grid in some areas despite freezing winter weather, officials said. The Russian Defense Ministry said that it launched a strike on “critically important facilities of gas
Russian missile attack forces Ukraine to shut down power grid Read More »
BANGKOK — Sen. Tammy Duckworth, grilling President-elect Donald Trump’s choice for defense secretary over whether he had the “breadth and depth of knowledge” needed to lead international negotiations, asked Pete Hegseth if could name one member of the Association of Southeast Asian Nations, describe what type of agreement the U.S. had with the countries and
Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important? Read More »
WASHINGTON — U.S. inflation probably worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year. On Wednesday the Labor Department is expected to report that in December the consumer
US inflation likely remained sticky-high last month, threatening interest rate cuts Read More »
LONDON — Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month. The Office for National Statistics said Wednesday that inflation, as measured by the consumer prices index, was 2.5% in the year to December, largely as a
UK inflation unexpectedly eases in December, which could reduce bond markets pressure Read More »
