The British telecommunications and media firm Sky plans to shut down three of its ten call centers in the UK, which could result in layoffs of as many as 2,000 employees. According to the company's report, approximately 7% of the employees will be impacted by the layoffs. Sky intends to shut down...

Chevron, an American oil and gas firm, intends to reduce its workforce by 15% to 20% by the close of 2026. The firm employs roughly 40 thousand people, indicating it plans to eliminate as many as 8 thousand positions. The layoffs are part of Chevron's strategy to lower expenses and streamline the...

The COP29 summit in Baku, Azerbaijan, concluded with a mix of breakthroughs and unresolved challenges that reflect the complexities of global climate negotiations. While progress was made on climate finance and carbon markets, the lingering influence of fossil fuel interests and political...

Kansai Electric Power Co. in Japan reported the closure of a nuclear reactor due to the detection of a small hole in a pipeline. The third reactor at the Mihama nuclear power plant in Fukui prefecture will undergo inspection, resulting in its suspension, as announced by the company in a statement....

According to Bloomberg, ex-high-ranking executives of Glencore Plc, who are accused by UK authorities of corrupt behavior in West Africa, are scheduled to stand trial in London in mid-2027. Legal proceedings in the case filed by the UK's Serious Fraud Office (SFO) against the company are scheduled...

The world's biggest lithium producer, Albemarle, which is based in the US, intends to streamline its operations in response to evolving market conditions. The company's press release states that it will alter its operating structure to enhance flexibility, realize cost savings, and remain...

Bank of America Corp., the second-largest U.S. bank in terms of assets, intends to open over 165 branches by 2026, with around 40 of them scheduled for this year, as stated in their press release. In the last decade, the bank has invested over $5 billion in its branch network and has established...

Trafigura, a major commodity trading company, is getting ready to reveal the appointment of Richard Holtum as chief executive next week, according to sources cited by the Financial Times. Holtum used to serve as an officer in the British military. He moved to Trafigura from Glencore in 2014 and...

U.S. Boeing Co. has reached a tentative agreement on a new contract with two local chapters of the International Association of Machinists and Aerospace Workers, which represent over 33 thousand employees, stated the company. If the four-year contract is approved, employees in Washington, Oregon...