Microsoft is eliminating 4,800 jobs, representing 2.1% of its workforce, with the company’s Xbox division losing about one-fifth of its staff in the software giant’s latest effort to cut costs in the era of artificial intelligence. “The way technology is built, deployed, and used is transforming faster than at any point in my time here,”…
Sarah Jackson, who works at coffee and pizza shop Red House, said she was hopeful the change could help people spend money at businesses. She said “anything that can help bring money into the island is always important” and “having credit cards gives us another option for payment here”. “I think it depends how obvious…
FILE – Three boys use their phones while sitting outside a school in Sydney, Monday, Dec. 8, 2025. Rick Rycroft/AP hide caption toggle caption Rick Rycroft/AP MELBOURNE, Australia — The Australian government plans to strengthen laws that ban children younger than 16 from social media platforms, Prime Minister Anthony Albanese said. Observers said on Friday…
Meta is planning to release its own prediction market app to compete with popular sites like Kalshi and Polymarket. Kelly Sullivan/Getty Images North America hide caption toggle caption Kelly Sullivan/Getty Images North America Meta is planning to launch its own prediction market app to compete with companies like Kalshi and Polymarket in a booming sector…
Defense stocks plummeted on Wednesday after a report that Germany will abandon plans to build six warships, fuelling investor fears that the boost to defense contractors from increased government spending may not fully materialize. Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times, citing two people…
As western Europe bakes under what scientists describe as a heat dome, or “atmospheric lid”, reports of dozens of drownings, and heat-linked deaths of children and elderly people in France, are a stark reminder of the threat to life from extreme heat – and the fact that some people face higher risks than others. The red alert covering…
The Cannes Lions Entertainment Person of the Year 2026 isn’t a traditional Hollywood studio boss or network head. It is Eddy Cue, Apple‘s senior VP of services. The Silicon Valley powerbroker commanded the stage Monday midday at the Lumière Theatre in the Cannes Palais des Festival in a crowded keynote seminar, and he did so…
Luigi Mangione appears for a pretrial hearing at Manhattan Criminal Court in New York, June 17, 2026. Angelina Katsanis/AP hide caption toggle caption Angelina Katsanis/AP New York — In a dramatic reversal, Luigi Mangione’s legal team on Thursday backed away from a plan to use a psychiatric defense when his case goes to trial in…
SÃO JOSÉ DOS CAMPOS, Brazil — Brazilian aerospace firm Embraer plans to nearly double its output of the KC-390 Millennium airlifter by the end of the decade, according to a company executive. “As demand is growing, not only to meet the current commitments we have with customers, but also looking to the future, looking ahead…
With the global market for Collaborative Combat Aircraft (CCA) expected to grow dramatically in coming years, there will be increased demand on industry suppliers to support these loyal wingman drones. That’s especially true for those suppliers who provide the components that will define the capabilities CCA can bring to the fight. In this fireside chat,…
