Marks & Spencer to Cut Jobs at Head Office: Sunday Times
Marks & Spencer Group Plc is embarking on job cuts at its 4,000-person head office that’ll likely number in the hundreds, the Sunday Times reported.
Bloomberg Business
UBS May Cut Workforce by 20-30% After CS Takeover
UBS Group AG will cut its workforce by between 20% and 30% after completing its takeover of Credit Suisse Group AG, slashing as many as 36,000 jobs worldwide, SonntagsZeitung reported, citing an unidentified senior manager at UBS.
Bulgarians Vote to End Deadlock And Mounting Crises as War Weighs In
Bulgarians are voting in their fifth election in two years, seeking to end turmoil that has paralyzed the political system and put at risk European Union unity over Russia’s invasion of Ukraine.
China Urges Japan to Refrain From Joining US Technology Curbs
China’s Foreign Minister Qin Gang urged Japan to refrain from supporting US efforts to suppress the Chinese semiconductor industry, saying such a blockade will only strengthen Beijing’s resolve to achieve self-reliance.
End of an Era: VW Plans to Phase Out the Golf Model
The current version of the combustion-engine Volkswagen AG Golf model will probably be the last as markets shift toward electric vehicles, according to VW’s brand chief.
Investment in Israeli Tech Nosedives as Protests Grip Country
Investment in Israeli tech companies has dropped to the lowest quarterly rate in nearly five years, a result of the global downturn in tech investment and fierce protests in Israel over a government plan to rein in the judiciary, a report released Sunday says.
Satellite Deal to Challenge Musk Cooked Up in Luxembourg Castle
After decades of competing against each other, two Luxembourg-based satellite rivals are weighing a merger to take on a space industry upstart — billionaire Elon Musk.
Ukraine Latest: Civilians Killed as Russia Shells Donetsk Town
Russia is boosting its production of conventional and high-precision ammunition, defense secretary Sergei Shoigu said on Saturday, days after he visited munitions factories in two regions in inspect the production of artillery and missiles. “Necessary measures” are being taking to ramp up output, Shoigu said.
India’s Jobless Rate Hits a Three-Month High of 7.8%, CMIE Says
(Bloomberg) — India’s unemployment rate climbed to a three-month high of 7.8% in March amid concerns a global slowdown will hurt Asia’s third-largest economy.
Manila to ‘Do Everything’ to Boost Maritime Sector, Marcos Says
Philippine President Ferdinand Marcos Jr. on Sunday said his government will “do everything” to address outstanding issues confronting its maritime industry after the European Commission agreed to continue recognizing government certificates issued to its seafarers.