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- Manchester Evening News
Sainsbury's makes major announcement affecting all shoppers and staff
The supermarket has made the shock announcement affecting its workforce and customers
- Reuters
Kremlin, asked about Raiffeisen assets, says unfriendly actions must have consequences
The Kremlin said on Thursday that unfriendly actions against Russia must have consequences, when asked whether Austrian bank Raiffeisen's assets were vulnerable after a Russian court ordered it to pay 2 billion euros ($2.08 billion) in damages. Monday's court order, over a collapsed deal, underscored the perils of doing business in Russia for Raiffeisen Bank International (RBI), the largest Western bank still operating there. Russia's central bank in September warned subsidiaries of Western banks that remain in Russia not to yield to pressure from Western regulators and discriminate against their Russian clients by denying them services, such as money transfers abroad.
- The Telegraph
Starmer’s failures on food security ‘raise risk of civil unrest’
Sir Keir Starmer has been accused of failing to protect food security and raising the risk of civil unrest as a result.
- INSIDER
White House says mostly empty DC offices are a 'national embarrassment' in memo about federal RTO mandate
A memo from the White House's Office of Personnel Management criticized "virtually unrestricted" telework and laid out next steps for agency heads.
- People
Sean 'Diddy' Combs Files $50 Million Defamation Lawsuit Against Accuser for Exposing Alleged Sex Tapes with Celebrities
Combs alleged that Courtney Burgess, his lawyer and NewsNation deliberately fabricated and amplified false claims about him for financial gain
- Fortune
JPMorgan Chase workers grouse over measly bonuses, 2% pay bumps as bank reels in record $58.5 billion in profits
Some JPMorgan Chase workers want to leave after getting low raises and bonuses.
- Business Insider
A list of companies that have backed down on DEI, including Target, McDonald's, Walmart, and Meta
The number of companies ending their diversity, equity, and inclusion programs continues to grow.
- AFP
France asks EU to delay rights, environment business rules
France on Friday asked the European Union to suspend "indefinitely" landmark new rules on environmental and human rights supply chain standards, saying they were too burdensome for businesses.Under what is known as the Corporate Sustainability Due Diligence Directive (CSDDD), large companies are required to identify and address the "adverse human rights and environmental impacts" of their supply chains worldwide.
- Bradford Telegraph and Argus
Morrisons staff facing redundancies with plans to cut more than 200 roles
Morrisons staff are facing redundancy, with plans to cut more than 200 roles.
- Manchester Evening News
Retail giant outlines plans for huge new HQ next to major motorway to 'rival Facebook, Google and Nike'
JD Sports have updated plans for a huge campus for 3,000 workers they say will rival 'Facebook, Google and Nike'
- Reuters
Exclusive-India watchdog faults probe of Foxconn hiring, orders new inquiry
India's powerful human rights watchdog has admonished labor officials for failure to adequately investigate evidence of employment discrimination at Foxconn, which makes Apple iPhones, and told them to re-examine the matter, documents show. The National Human Rights Commission (NHRC) in June ordered federal and Tamil Nadu state officials to probe Foxconn's hiring practices, after a Reuters investigation found the manufacturer excluded married women from iPhone assembly jobs at its southern India plant.
- Reuters
Analysis-Britain appeals to Big Tech with change of regulatory guard
Britain's choice of a former Amazon executive to chair its antitrust regulator is a clear pitch for investment, including from Big Tech, and signals it is prepared to go easier on deal-making if that would help, company bosses and lawyers said. Doug Gurr, former boss of the U.S. online retailer's UK operation, was picked to chair the Competition and Markets Authority (CMA) after Marcus Bokkerink recognised "it was time to move on", finance minister Rachel Reeves said on Wednesday. With the economy struggling and pressure building on the government to improve living standards, Reeves wants regulators to change, believing they have become too risk-averse and are preventing companies from innovating and expanding.
- Benzinga
'My Boss Keeps 95% Of The Profit While I Do All The Work,' An Employee Says, Asking, 'Should I Undermine Them And Start My Own Company?'
Are you working tirelessly to keep a business running, managing operations, building client relationships and essentially doing the job of a CEO – only to find out that you're earning just a fraction of what the company makes? That's exactly the situation one Reddit user shared recently, sparking a heated debate about ethics, business loyalty and the pursuit of personal success. The poster explained that their boss bought the business after her husband passed away. She hired them to help run it,
- Reuters
UK's Sainsbury's to cut over 3,000 jobs to counter 'challenging cost environment'
British supermarket group Sainsbury's said on Thursday it was proposing to reduce its headcount by over 3,000 roles as it seeks savings to counter a "particularly challenging cost environment". The group, which with a UK grocery market share of 16% trails only Tesco, said a head office reorganisation would see a 20% reduction in senior management roles. Sainsbury's said in November that the rise in employer National Insurance contributions alone would cost it an additional 140 million pounds ($172 million) a year.
- Yahoo Celebrity
In Justin Baldoni v. Blake Lively, it's not only a legal back-and-forth but a 'battle of public opinion.' Why legal experts urge a settlement.
Blake Lively and Ryan Reynolds are seeking a gag order to prevent Justin Baldoni's attorney from talking to the press.
- Automotive News
Why BMW is poised to keep its big EV sales lead over Mercedes, Audi
BMW is best positioned to take advantage of trends, especially in Europe, that could jump start EV sales this year, analysts say.
- Reuters
HSBC's payments app closure puts around 400 jobs at risk, source says
LONDON (Reuters) -HSBC's decision to shutter international payments app Zing is likely to trigger around 400 job losses, a source familiar with the matter said, as CEO Georges Elhedery steps up cost-cutting efforts at Europe's largest bank. The staff at risk of redundancy will be informed from Thursday, according to the source, who said the approximate 400 figure included a substantial number of non-HSBC external customer support staff. "Following a strategic review of Zing within the HSBC Group and after careful consideration, we have made the decision to close Zing and integrate its underlying technology platform into HSBC," a spokesperson for the bank said in a statement.
- South China Morning Post
Philippine official 'positive' on trade with China despite political friction
A trade official from the Philippines has expressed openness to more cooperation with China even as the two countries appear perpetually at odds over a number of tense geopolitical issues - not least of which a heated sovereignty dispute in the South China Sea. In contrast to some Southeast Asian countries - who are shying away from transit shipments of Chinese goods to the US for fear of tariff retribution from its recently inaugurated president, Donald Trump - the Philippines remains amenable
- Simply Wall St.
3 UK Stocks That May Be Trading At Discounts Of Up To 49.9%
The United Kingdom's FTSE 100 index recently experienced a downturn, influenced by weak trade data from China and declining commodity prices, highlighting the interconnectedness of global economies. In such a market environment, identifying stocks that may be trading at discounts can present opportunities for investors seeking value amidst broader economic challenges.
- Yahoo Finance Video
HPE CEO says reasoning tools are the 'next big thing' in AI
Artificial intelligence (AI) has been a key theme among business leaders at the 2025 World Economic Forum in Davos, Switzerland. Hewlett Packard Enterprise (HPE) CEO Antonio Neri sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss the rapidly evolving tech. Neri says he was "surprised at the beginning" at the rapid pace that AI tech has advanced, "but as we provide a lot of the infrastructure and the services to train or influence this model, I became less surprised." "I think now we are looking what is the next big inflection point," Neri tells Yahoo Finance, adding, "We're moving to more the agent tech model, which is basically stitching together different agents that are good at specific tasks to basically provide an outcome out of our workflow, and now, obviously, the next big thing is the reasoning." Watch the video above to learn about Neri's expectations for the evolving AI era. Click here for more of Yahoo Finance's coverage from the World Economic Forum in Davos. This post was written by Naomi Buchanan. Check out more Yahoo Finance content from Davos: Salesforce CEO Marc Benioff is 'retraining' himself to work with AI It's the year of enterprise AI with AI agents, Cisco CEO says Expect AI to drive 'radical change': HP CEO Trump set to support 'one of the great assets' of US: Big Tech