Business

(Reuters) — Dell Technologies reduced its workforce as part of a broader initiative to cut costs that included limiting external hiring and employee reorganizations, it said in a filing on Monday. As of Feb. 2, 2024, it had nearly 120,000 employees, down from about 126,000 a year earlier. The layof…

(Reuters) — A U.S. judge on Monday threw out Elon Musk’s lawsuit against a nonprofit group that faulted him for allowing a rise in hate speech on his social media platform X, formerly Twitter. U.S. District Judge Charles Breyer in San Francisco said it was “evident” that Musk̵…

COLOMBO (Reuters) — McDonald’s has ended an agreement with its local partner in Sri Lanka and all 12 outlets in the country have been closed, an attorney for the U.S. company said on Sunday. “The parent company decided to terminate the agreement with the franchisee due to standard issue…

MADRID (Reuters) — Workers from Zara, Bershka and other clothing stores owned by fashion giant Inditex protested outside their shops across Spain on Friday to demand better conditions after the group reported record profits and raised shareholder payouts. Outside the flagship Bershka store on Madri…

(Reuters) — Microsoft has agreed to pay AI startup Inflection about $650 million in cash in an unusual deal that would allow Microsoft to use Inflection’s models and hire most of the startup’s staff including its co-founders, a person familiar with the matter told Reuters on Thursday. T…

(Reuters) — Nike warned on Thursday that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world’s largest sportswear maker scales back on franchises to save costs. Nike’s warning came after the stock market closed, and shares were down ab…

(Reuters) — China-founded fast-fashion company Shein will make its supply-chain infrastructure and technology available to global brands, the Wall Street Journal reported on Wednesday, citing a letter to investors from Executive Chairman Donald Tang. FILE PHOTO: A keyboard and a shopping cart are s…