Author: Grace Johnson

Amazon is preparing to lay off tens of thousands of corporate employees in one of its biggest job cuts in years, according to several media reports. The reductions could start as soon as this week. Reports from The Wall Street Journal and Reuters indicate that the company plans to cut up to 30,000 positions. The layoffs are part of a restructuring program led by chief executive Andy Jassy, aimed at reducing expenses and reshaping the company’s priorities. Amazon declined to comment when approached by international news outlets. Largest wave of layoffs since 2022 If confirmed, this would be one of…

Real Madrid delivered a commanding performance at the Bernabéu, defeating Barcelona 2-1 to take a five-point lead at the top of La Liga. Xabi Alonso’s side looked sharp, structured, and confident in his first-ever Clasico as manager. Jude Bellingham finally broke his drought with a goal and an assist after months recovering from shoulder surgery. Kylian Mbappé continued his ruthless form and proved decisive once again. Yet what should have been a perfect night turned tense when Vinicius Jr exploded in anger after being substituted. The Brazilian winger showed his frustration in the 72nd minute when Alonso replaced him. He…

US President Donald Trump has imposed new tariffs on Canadian goods after Ontario aired an anti-tariff advertisement featuring former US President Ronald Reagan. Trump denounced the advert as a “fraud” and accused Canadian officials of refusing to remove it before the World Series baseball championship. “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” he wrote on social media on Saturday. Trade talks collapse amid rising tension Trump’s decision came two days after he withdrew from trade talks with Canada. Ontario…

Xi Jinping has reinforced his leadership by presenting a sweeping economic strategy aimed at revitalizing China’s growth. Speaking at the recent Communist Party plenum, Xi addressed internal concerns and signaled a clear vision for the nation’s future. The plan emphasizes heavy investment in industrial and technological sectors. Officials say these efforts are designed to transform the economy, drive innovation, and improve productivity across multiple industries. Xi stressed that such measures are essential for China to reach a “medium-level developed” income status by 2035. Economists note that Xi’s strategy combines long-term economic planning with political stability. By promoting domestic innovation and…

Beef prices in the United States have climbed to historic highs, turning into a growing political storm. Donald Trump, who once claimed that inflation was “dead,” now faces criticism as beef costs soar and threaten his promise to lower grocery prices for American families. This week, he urged ranchers on social media to cut cattle prices. But his demand — and his administration’s new proposals — have provoked outrage from ranchers who fear his ideas could destroy their profits while barely helping consumers. Decades of decline in the cattle industry The number of US cattle ranchers has been shrinking for…

US President Donald Trump will meet Chinese leader Xi Jinping in South Korea on 30 October. The White House confirmed the meeting, which will take place on the sidelines of a major regional summit. The encounter has been planned for weeks, but rising tensions between Washington and Beijing almost derailed it. It will be the first in-person meeting between the two leaders since Trump’s return to office. Trump has threatened to impose a 100% tariff on Chinese goods in November if Beijing does not relax its export restrictions on rare earth materials. White House finalizes details for summit meeting White…

Tesla achieved its highest-ever quarterly revenue, yet profits fell sharply. Rising tariffs, research costs, and strong competition pressured the company’s earnings despite robust sales. Revenue climbs, profits slide In the quarter ending September, Tesla reported $28 billion (£21 billion) in revenue, a 12% increase from last year. Profit, however, dropped 37% due to higher tariffs and expanding research and development expenses. Investors responded cautiously. Tesla shares fell 3.8% in after-hours trading following the results. Still, the company maintains a market value of around $1.4 trillion, driven by confidence in Elon Musk’s AI and robotics ambitions. Tax credit rush drives US…

Airbus has inaugurated a second jet assembly line in Tianjin, China, as part of its plan to boost production of the A320neo aircraft. The new facility is a key step in the company’s strategy to increase monthly output from 60 to 75 aircraft by 2027. The Tianjin expansion is expected to be fully operational by early 2026, allowing Airbus to meet growing demand for single-aisle jets in Asia and other global markets. The additional production capacity is aimed at supporting airlines seeking modern, fuel-efficient aircraft. Airbus executives emphasized that the new assembly line will enhance efficiency and strengthen the company’s…

Donald Trump said he did not want a “wasted meeting” after plans for direct talks with Russian President Vladimir Putin about the war in Ukraine were suspended. Speaking at the White House on Tuesday, the US president said Moscow’s refusal to halt fighting along the current front line remained the key obstacle to peace. White House drops plans for Budapest summit A White House official confirmed there were “no plans” for a Trump-Putin meeting “in the immediate future.” The statement came only days after Trump had announced that both leaders would meet in Budapest within two weeks. This week exposed…

Amazon Web Services (AWS) said late Monday it had fixed a massive technical failure that took down thousands of websites and apps around the world for much of the day. More than 1,000 platforms — including Snapchat and banks like Lloyds and Halifax — went offline after problems emerged in Amazon’s US-based cloud network. Outage tracker Downdetector recorded more than 11 million reports of service disruptions worldwide. Experts warned the incident revealed how heavily the global economy depends on a handful of dominant cloud providers. A single error causes worldwide disruption Professor Alan Woodward from the University of Surrey said…