Business

Microsoft’s Xbox plans for major layoffs next month, Bloomberg News reports

Wednesday, June 10 by SRN News

June 10 (Reuters) - Microsoft's Xbox division is planning major layoffs next month and significant cuts to marketing and other budgets, Bloomberg News reported on Wednesday. The job cuts would mark the first major restructuring under Asha Sharma, who took charge as CEO of... Read More.

OpenAI says Chinese propaganda is being deployed to foment dissent over tariffs, data centers

Wednesday, June 10 by SRN News

WASHINGTON, June 10 (Reuters) - Chinese propagandists have been trying to use OpenAI's flagship chat to gin up opposition to Donald Trump's tariffs and intervene in American debates over data centers and AI, OpenAI said in a report published on Wednesday. The company said its... Read More.

BUSINESS HEADLINES

Wednesday, June 10 by SRN News

Another sell-off for AI stocks knocks Wall Street back to where it was 5 weeks ago NEW YORK (AP) - Another sell-off for artificial-intelligence stocks dragged the U.S. market sharply lower. The S&P 500 dropped 1.6% Wednesday for its first back-to-back drop in three weeks... Read More.

Trump names former CFPB official Brian Johnson to be agency’s next permanent director

Wednesday, June 10 by SRN News

NEW YORK (AP) - President Donald Trump on Wednesday named Brian Johnson as his choice to be the next director of the Consumer Financial Protection Bureau, turning to a trusted former aide and financial services executive who helped run the CFPB during his first... Read More.

Frasers Group launches €2 billion takeover offer for struggling Hugo Boss

Wednesday, June 10 by SRN News

By Tristan Veyet and Helen Reid June 10 (Reuters) - Frasers Group, the retailer controlled by British billionaire Mike Ashley, launched a €2 billion ($2.31 billion) takeover offer for struggling German fashion brand Hugo Boss on Wednesday. Frasers, the biggest shareholder in Hugo Boss with a... Read More.

Saudi Arabia lifts 5-year ban on Lebanese imports, marking a thaw in Gulf-Lebanon ties

Wednesday, June 10 by SRN News

BEIRUT (AP) - Saudi Arabia announced Wednesday the end of a ban it imposed on Lebanese imports five years ago, marking a major step in attempts to rebuild relations between Lebanon and Gulf countries. The kingdom slapped a ban on Lebanese fruits and vegetables in... Read More.

Italy fines Philip Morris €7 million over ‘smoke-free’ marketing claims

Wednesday, June 10 by SRN News

ROME, June 10 (Reuters) - Italy's competition authority on Wednesday slapped a €7 million ($8.1 million) fine on Philip Morris' Italian unit over allegedly misleading marketing for non-combustion tobacco products. Philip Morris Italia said it would appeal against the decision, which it called "erroneous and... Read More.

BYD looking to take over existing factory for second European EV plant, executive says

Wednesday, June 10 by SRN News

By Christina Amann BERLIN, June 10 (Reuters) - Chinese electric vehicle maker BYD is looking to take over an existing factory in southern Europe for its second assembly plant on the continent, with Spain among the countries on its shortlist, a top executive said on... Read More.

Taiwan-listed Ennoconn offers to buy Austria’s Kontron in $1.7 billion deal

Wednesday, June 10 by SRN News

June 10 (Reuters) - Taiwan-listed technology firm Ennoconn Corp said on Wednesday it has launched a takeover bid for Austria-based Kontron, offering 23.50 euros per share to all its shareholders. Kontron, which the deal values at 1.47 billion euros ($1.7 billion), said it would... Read More.

Tesla gets go-ahead to sell self-driving technology in Belgium

Wednesday, June 10 by SRN News

BRUSSELS, June 10 (Reuters) - Tesla Full Self-Driving supervised driver assistance software has been authorised in Belgium, Annick De Ridder, the transport minister of Flanders region said on Wednesday in a post on X. "I just signed the approval," she said in a post on... Read More.

Current Weather

Microsoft’s Xbox plans for major layoffs next month, Bloomberg News reports

OpenAI says Chinese propaganda is being deployed to foment dissent over tariffs, data centers

BUSINESS HEADLINES

Trump names former CFPB official Brian Johnson to be agency’s next permanent director

Saudi Arabia lifts 5-year ban on Lebanese imports, marking a thaw in Gulf-Lebanon ties

Italy fines Philip Morris €7 million over ‘smoke-free’ marketing claims

BYD looking to take over existing factory for second European EV plant, executive says

Taiwan-listed Ennoconn offers to buy Austria’s Kontron in $1.7 billion deal

Tesla gets go-ahead to sell self-driving technology in Belgium

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