Barclays is developing plans to save up to 1 billion pounds ($1.25 billion), which may entail eliminating up to 2,000 people, mostly in the British bank's back office, according to a source with direct knowledge of the plans who spoke to Reuters.   Under the direction of Chief Executive C.S....

On one of the busiest shopping days of the year, protests against the working conditions at the American e-commerce behemoth, Amazon, gathered momentum on Friday, when employees at many locations throughout Europe went on strike.   "Make Amazon Pay", a campaign coordinated by the UNI Global...

According to statistics from Counterpoint Research, Apple reported a drop in smartphone sales during China's recent Singles Day shopping event, while local rivals Huawei and Xiaomi saw sharp rises.   During the two weeks of sales from October 30 to November 12, 4% less Apple devices were...

Two people familiar with the situation told Reuters that a number of staff researchers warned the board of directors about a potentially dangerous artificial intelligence breakthrough in a letter they prepared before OpenAI CEO Sam Altman's four-day banishment.   The two sources claimed that...

Legal experts claim that only a select few, including the CEO of Microsoft, a significant financial backer, can compel OpenAI to alter its governance at the artificial intelligence startup.   On Friday, the nonprofit board that was in charge of the company that created the well-known ChatGPT...

Due to new regulations in the United States, chip maker Nvidia said it anticipates a sharp decline in fourth-quarter sales in China, a major source of revenue. However, it projects overall revenue to surpass Wall Street projections as supply-chain problems improve.   The AI business is...

Kohl's reported lower-than-expected quarterly sales on Tuesday as a result of consumers spending less money at its department shops due to ongoing high inflation.   The company's shares, which are based in Menomonee Falls, Wisconsin, dropped 2.4% in premarket trading.   Due to rising...

Some investors in OpenAI, the firm that created ChatGPT, are considering taking legal action against the board after the directors fired CEO Sam Altman and perhaps caused a mass resignation of staff members, according to those acquainted with the situation.   Investors are studying their...

Retail inflows into Eli Lilly reached a record high of over two years in November as tiny investors snapped up the shares following the much-awaited approval of the weight-loss medication Zepbound by the giant American pharmaceutical company. According to statistics from Vanda Research, daily net...

Sam Altman, the recently fired CEO of OpenAI, is thinking about starting a new artificial intelligence (AI) business while also talking about perhaps rejoining the company that created the ChatGPT bot, according to reports quoting source information.   According to the reports, Altman was...

After China's Geely, the largest stakeholder of the Swedish automaker Volvo Cars, sold a minor portion of its investment at a steep discount to the previous day's closing price, the automaker's shares plunged as much as 14% to a record low on Friday.   Geely started a placement of 100...