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Bumble to axe almost a third of staff as dating app struggles
Bumble's decision to reduce its workforce by nearly a third highlights ongoing financial challenges despite its previous market success and rapid valuation growth.
Read Full Article →Turmoil and trade wars dominate China's 'summer Davos'
The ongoing conflicts and escalating trade tensions contribute to global economic instability, creating challenges for markets and influencing international investment decisions du...
Read Full Article →'A slap in the face' - Asos bans shoppers for making too many returns
The company’s new policy targeting frequent product returns aims to reduce operational costs, although it has sparked debate over its impact on customer satisfaction and fairness.
Read Full Article →UK vows to spend 5% of GDP on national security by 2035
The UK plans to allocate a substantial portion of its economic output toward enhancing defense capabilities, reflecting a long-term commitment to strengthening national security by...
Read Full Article →Oil prices tumble after Israel agrees to Iran ceasefire
The recent agreement between Israel and Iran has led to a significant decline in crude oil value, falling over 5% to levels not seen since the initial conflict began.
Read Full Article →Google may be forced to make changes to UK online search, says watchdog
The regulatory body’s intervention could alter Google's market presence in the UK, potentially impacting advertising revenues and prompting adjustments in the digital search landsc...
Read Full Article →Strait of Hormuz: What happens if Iran shuts global oil corridor?
A potential closure of the key maritime route by Iran could disrupt international oil supplies, leading to increased energy prices and widespread economic instability across multip...
Read Full Article →'Dismal' month for supermarkets pushes down retail sales
Retail sales experienced a notable decline in May, marking the sharpest monthly decrease in sales volume since the end of last year, reflecting challenging conditions for supermark...
Read Full Article →Adorable or just weird? How Labubu dolls conquered the world
The increasing global popularity of Labubu dolls has significantly boosted their manufacturer's earnings and is considered by some to enhance China's cultural influence internation...
Read Full Article →New emissions guidance for oil and gas projects
The updated regulatory framework could influence investment decisions and operational costs for energy companies involved in the development of key oil and gas reserves off the coa...
Read Full Article →Bank of England expected to hold interest rates at 4.25%
Market observers anticipate that the central bank will maintain the current borrowing cost level temporarily, which could influence lending rates and economic activity before any p...
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