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Business

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Layoffs hit Paramount Global as viewers shift to streaming
Paramount Global cuts 3.5% of US staff amid cable TV decline

NEW YORK CITY, New York: Paramount Global is cutting 3.5 percent of its U.S. staff as part of another round of layoffs. The company...

OpenAI to use Google Cloud as demand for computing surges
OpenAI signs cloud deal with Google despite intense AI rivalry

SAN FRANCISCO, California: In a move that highlights how the demand for compute power is reshaping the AI industry, OpenAI has signed...

Toothy toy Labubu becomes auction star, sells for over $150K
Labubu toy sells for $150K in Beijing, sets new auction record

BEIJING/SHANGHAI, China: What started as a surprise toy from a blind box has now entered the elite world of high-value collectibles....

U.S. stocks edge higher, Nasdaq Composite gains 47 points
Dow Jones closes 102 points higher despite U.S. dollar slide

NEW YORK, New York - U.S. stocks rose modestly on Thursday while the U.S. dollar sank to its lowest level in 3 years after President...

Amazon plans $20 billion data center expansion in Pennsylvania
Amazon to invest $20 billion in PA cloud and AI infrastructure

HARRISBURG, Pennsylvania: Amazon is making a significant play in Pennsylvania, announcing plans to pour at least US$20 billion into...

Reliance aims to build 1,000 Shein suppliers for global push
Shein, Reliance to export India-made clothes within a year

MUMBAI/LONDON: Fast-fashion giant Shein and India's Reliance Retail are preparing to transform India into a significant global supply...

Europe

Section
Irish Blue Cross issues alert over pet health risk in Ireland
Grass seeds pose seasonal danger to dogs in Ireland, warns charity

DUBLIN, Ireland: The Irish Blue Cross, an animal welfare charity, is warning dog owners about the significant dangers posed by grass...

Ireland sees continued 25-year drop in alcohol consumption
Alcohol use in Ireland falls nearly 5 percent in one year

DUBLIN, Ireland: Alcohol consumption by adults in Ireland has dropped by nearly five percent in the past year, continuing a long-term...

Deep divides mark Poland’s runoff election
Poland's presidential race too close to call

WARSAW, Poland: Poland held a second round of voting in its presidential election on Sunday, but exit polls show the race is too close...

Human traffickers exploit new deadly route from Africa to Europe
Human traffickers are using longer, more dangerous migration routes

DERA BAJWA, Pakistan: Amir Ali, a 21-year-old man from Pakistan, dreamed of going to Europe for a better life. He was promised a visa...

Ireland minister says deporting children essential for fair immigration
Ireland's Justice Minister defends deportation of children to Nigeria

DUBLIN, Ireland: Ireland's Minister for Justice, Jim O'Callaghan, has said that it would not be possible to run a fair immigration...

UBS faces $26B capital demand under Swiss post-crisis plan
Switzerland hits UBS with $26B capital rule after CS takeover

BERN, Switzerland: UBS faces a sweeping new capital requirement from the Swiss government, which this week proposed changes that could...