Meta is reportedly planning sweeping layoffs that could affect up to 20% of its workforce as the tech giant ramps up AI investment and pursues greater efficiency through automation. Read more: Meta preparing major layoffs as AI spending accelerates
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Former Dragons’ Den investor Theo Paphitis has taken over as interim CEO of Robert Dyas, aiming to revive the struggling 93-store homewares retailer after falling sales. Read more: Theo Paphitis steps in as interim CEO of Robert Dyas to lead turnaround
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The results come at a highly volatile time for global oil markets as the US-Israeli tensions with Iran has led to a near-closure of the Strait of Hormuz The post Aramco posts drop in annual profit, announces its first buyback appeared first on Gulf Business.
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While rivals chase global scale with standardised models, Daniil Shuleyko, CEO of Yango Group, takes a different approach, building city by city based on what people actually need The post Daniil Shuleyko on how Yango Group is building an operating system for the city appeared first on Gulf Business.
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OpenAI, which is backed by Microsoft, Amazon, announced a deal late last week to deploy its technology in the Pentagon’s classified network The post OpenAI looking at contract with NATO, source says appeared first on Gulf Business.
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Packaged food makers such as PepsiCo, Campbell’s and Conagra Brands had announced last year that they would cut artificial dyes The post Target to remove synthetic colors from cereals by end of May appeared first on Gulf Business.
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Apple shareholders approved all four of the company’s proposals in addition to defeating the lone proposal from shareholders on the day’s ballot The post Apple shareholders reject call for report on China manufacturing risks appeared first on Gulf Business.
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BlackRock, Brookfield Asset Management, EIG Partners and buyout group KKR are among those that have shown interest, the sources said The post Kuwait’s KPC draws BlackRock, Brookfield, EIG to possible $7bn pipeline deal appeared first on Gulf Business.
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Aston Martin has been trying to shore up capital throughout the year, including a $162m injection from Chairman Lawrence Stroll The post Aston Martin to sell F1 branding rights as it warns of bigger loss appeared first on Gulf Business.
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DTC holds close to half of the city’s taxi market share and has grown significantly since its founding in 1994 The post DTC integrates 1,823 National taxis onto Bolt platform appeared first on Gulf Business.
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