Sweden’s H&M to lay off 1,500 staff in drive to cut soaring costs and rescue profits

[ad_1] H&M to cut 1,500 jobs as part of cost-cutting drive The firm is challenged by stiff competition and rising costs Books restructuring charge of $75.8 mln in fourth quarter…

Factbox: Which companies are affected by SVB collapse?

[ad_1] March 13 (Reuters) – Startup-focused lender SVB Financial Group (SIVB.O) last week became the largest bank to fail since the 2008 financial crisis, sending ripples across the globe as…

Meta to end news access for Canadians if Online News Act becomes law

[ad_1] March 11 (Reuters) – Facebook-parent Meta Platforms Inc (META.O) said on Saturday that it would end availability of news content for Canadians on its platforms if the country’s Online…

Meta explores strategic alternatives for Kustomer business-software firm

[ad_1] March 10 (Reuters) – Meta Platforms Inc (META.O) said on Friday it is exploring strategic alternatives for customer service company Kustomer that it acquired in a process ending last…

Canada parliament questions Google execs over news-blocking test

[ad_1] OTTAWA, March 10 (Reuters) – Alphabet Inc’s Google (GOOGL.O) will stop blocking news articles from some Canadian users’ search results on March 16, a company executive told a Canadian…

Shein, Temu in fierce fight over US market for $10 dresses

[ad_1] NEW YORK/SHANGHAI, March 9 (Reuters) – Online fast-fashion retailer SHEIN and its newer rival Temu are in a race to win shoppers’ attention for their inexpensive China-made goods. The…

SVB turmoil a sign of pain coming from end of easy-cash era

[ad_1] LONDON, March 10 (Reuters) – The easy-cash era is over and its impact is only just being felt by world markets yet to see the end of the sharpest…