Google’s Treasured AI Unit Gets Swept Up in 12,000 Job Cuts
Alphabet Inc. is reorganizing its treasured artificial intelligence unit as part of the company’s sweeping job cuts announced on Friday, according to an internal memo.
Bloomberg Business
Vox Media Cuts 7% of Workforce as Ad Sales Fail to Rebound
Vox Media Inc., the publisher of properties like Vox.com, Eater, The Verge and New York Magazine, laid off 7% of its workforce on Friday.
Ambani’s Reliance Beats Profit Estimate, Plans $2.5 Billion Fund Raising
Reliance Industries Ltd., helmed by billionaire Mukesh Ambani, posted a larger-than-expected quarterly profit as growth in its consumer units offset the weakness in its traditional petrochemicals business.
French (Yes, French) Executives Are The World’s Worst Workaholics
French business leaders’ surprising binge-working ways are due to concerns over an economic slowdown and a reluctance to work remotely, a survey found.
European Gas Rebounds With Demand in Focus After Recent Slump
European natural gas prices rebounded as traders weighed the risk of demand picking up in some industries following a recent slump.
Apple Fights UK’s Antitrust Probe Into Mobile ‘Stranglehold’
Apple Inc. has issued a legal challenge to the UK antitrust watchdog’s investigation into its ability to rule over the mobile ecosystem alongside Google’s Android, arguing that the probe is invalid.
Morgan Stanley’s Slimmon Ups Bet on American Shopper
For Morgan Stanley’s Andrew Slimmon, Americans are still ready and able to shop — and he’s doubling down on his bet that the companies catering to them will rally this year.
Germany Allows Ukraine ‘Preparatory’ Training on Leopard Tanks
Germany hasn’t made a decision to allow the sending of Leopard battle tanks to Ukraine, but will allow other countries to train Ukrainian soldiers on the vehicles.
Rwanda Says Congo Hiring Mercenaries Heightens Risk of War
Tensions on Democratic Republic of Congo’s eastern front with neighboring Rwanda led Congo to hire private military groups — a move Rwanda said is an indication of war.
Insurers Fret Promised Brexit Capital Reforms Will Be Derailed
Insurers loved the UK government’s long-awaited plans to free up billions of pounds of their capital. But after the celebrations have come fears that regulators could nudge the changes in a more cautious direction.
