U.S. personal computer maker HP Inc. said on Thursday it will cut up to 16% of its workforce as part of a restructuring plan aimed at cutting costs. The company will cut about 7,000 to 9,000 jobs through a combination of employee exits and voluntary early retirement, it said in […]
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5 big risks that the world’s fragile economy doesn’t need right now
It’s now more than 10 years since the subprime mortgage crisis in the U.S. forced banks around the world to stop lending to each other as fears rose over the unknown quality of balance sheets. Within months, factory output and trade collapsed, forcing unemployment to rise quickly. While central banks […]
US, UK sign first-ever deal to access data from tech companies like Facebook and Google
Current U.K. Prime Minister Boris Johnson (L) and U.S. President Donald Trump meeting at the UN headquarters in New York on September 18, 2017. Brendan Smialowski | AFP | Getty Images The U.S. and the U.K. have signed a first-of-its-kind agreement that will allow law enforcement agencies in the countries […]
Apple raises iPhone 11 production by about 10%, Nikkei reports
Tim Cook announces the iPhone 11 at a launch event in Cupertino, Calif on Sept. 10, 2019. Source: Apple Apple has asked suppliers to increase production of its iPhone 11 models by up to 8 million units, or about 10%, Nikkei Asian Review reported on Friday, citing better than expected […]
Hong Kong leader Carrie Lam invokes emergency powers, announces face mask ban amid protests
Hong Kong Chief Executive Carrie Lam speaking at a press conference in Hong Kong on October 4, 2019 where she announced that an emergency law will be invoked and face masks by protesters will be banned. Mohd Rasfan | AFP | Getty Images Hong Kong leader Carrie Lam on Friday […]
BP CEO Bob Dudley to step down, Bernard Looney will succeed
British Petroleum (BP) Chief Executive Bob Dudley (R) participates to a conference during the event “Tomorrow in Motion” on October 1st, 2018 on the eve of the first press day of the Paris Motor Show. ERIC PIERMONT | AFP | Getty Images BP chief executive Bob Dudley will step down […]
As Portugal heads to a new election, a cloud is hanging over its export-led economy
CACILHAS, PORTUGAL – SEPTEMBER 30: Portuguese Prime Minister Antonio Costa meets supporters along Rua Cândido dos Reis as he campaigns ahead of the legislative election. Horacio Villalobos | Corbis News | Getty Images Economists are questioning how long Portugal’s economic recovery will last with a new political cycle about to […]
Brexit deadline could be extended again, says UK lawmaker
EU flags flutter on the day of Britain’s newly elected prime minister Boris Johnson’s debut in the House of Commons, outside the Houses of Parliament in London on July 25, 2019. Niklas Halle’n | AFP | Getty Images With the European Union appearing lukewarm toward U.K. Prime Minister Boris Johnson’s latest […]
Security or invasion? World Economic Forum calls for fair and transparent use of facial recognition
A CCTV camera is seen at King’s Cross on August 16, 2019 in London. CCTV cameras using facial recognition are being investigated by the UK’s data protection watchdog. Dan Kitwood | Getty Images NEW DELHI — Governments need to address growing privacy concerns as more and more countries explore the […]
Facial recognition technology needs controls on its use, World Economic Forum says
A CCTV camera is seen at King’s Cross on August 16, 2019 in London. CCTV cameras using facial recognition are being investigated by the UK’s data protection watchdog. Dan Kitwood | Getty Images NEW DELHI — Governments need to take people’s privacy into account as more and more countries consider […]