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Microsoft is cutting nearly 4,800 jobs as its new fiscal year begins. These layoffs primarily impact the commercial sales and Xbox gaming divisions. The company states this restructuring reflects industry evolution and changing business priorities.
ECB Executive Board member Isabel Schnabel said the euro zone economy has not returned to pre-war conditions despite lower oil prices, citing persistent core inflation, energy market risks and supply chain pressures. Her remarks suggest policymakers remain cautious on inflation, while another ECB official struck a more optimistic tone on energy prices.
Japan sought to reassure financial markets that it remains committed to fiscal discipline after concerns over its latest economic policy blueprint pushed government bond yields to multi-decade highs. The government denied it was pressuring the Bank of Japan to keep interest rates low and reiterated support for central bank independence.
Samsung Electronics shares plunged 10% despite forecasting a 19-fold jump in second-quarter profit, as investors worried the AI-driven memory chip boom may be peaking. Analysts said strong earnings were already priced in, while concerns over slowing AI infrastructure spending triggered a sharp sell-off across semiconductor stocks.
Cult.fit has filed draft papers for an IPO to raise up to Rs 950 crore through a fresh share issue, while existing investors will sell up to 17.86 crore shares via an OFS. The fitness and wellness company plans to use the proceeds to expand its network, strengthen branding and marketing, and tap growing demand…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…