The logo of the software and hardware manufacturer Oracle can be seen at the German headquarters. Picture Alliance | Picture Alliance | Getty Images Oracle shed 21,000 jobs, almost 13% of its workforce, in the past year, as tech giants carry out sweeping layoffs as a result of AI. The company’s total workforce stands at…
An empty street in Toulouse, France, on June 22, 2026. France experiences its second heatwave of the year, with temperatures in Toulouse reaching or surpassing 40?C. MeteoFrance reports that this day is expected to be one of the hottest on record. Nurphoto | Nurphoto | Getty Images Several countries in Europe have issued red weather…
SpaceX shares fell more than 3% in premarket trading on Tuesday, following a $400 billion selloff on Monday as a post-debut rally fizzled out. The space and AI company saw huge gains after a record-breaking IPO on June 12, briefly surpassing Amazon and Microsoft in market capitalization, before falling back below both as sentiment cooled….
On June 23, 2016, Britons headed to the polls to vote on whether to stay in the European Union. A shock result emerged overnight: the electorate had voted to leave the bloc by 52% to 48%. The pound tanked. London’s FTSE 100 tumbled. Then-Prime Minister David Cameron — who had called the referendum and led…
LONDON, ENGLAND – JUNE 22: Andy Burnham, Labour MP for Makerfield, takes a “Selfie” with the Parliamentary Labour Party after his swearing-in at the Houses of Parliament on June 22, 2026 in London, England. Last week Andy Burnham won 54% of the vote in the Makerfield by-election, paving his way to return to Westminster as…
Crowds walk through midtown Manhattan on Oct. 16, 2025 in New York City. Spencer Platt | Getty Images The annual global deal value of mergers and acquisitions is on track to reach $4 trillion in 2026, making it the strongest year since 2021, thanks to bigger megadeals fueled by the ongoing AI demand surge, according…
MUMBAI, MAHARASHTRA, INDIA – 2022/09/20: A man checks his phone near the Cred logo during the Global Fintech Fest in Mumbai. Sopa Images | Lightrocket | Getty Images Indian fintech startup Cred will raise $900 million in a funding round led by Mark Zuckerberg’s Meta— but has lost its founder and chief executive, Kunal Shah,…
Citizens gather to purchase and scratch instant lottery tickets at a lottery ticket booth on June 21, 2026 in Guangzhou, Guangdong Province of China. Vcg | Visual China Group | Getty Images BEIJING — China’s consumer spending slowdown persisted in June, with growth during one of the country’s largest online shopping festivals weakening sharply from…
President Donald Trump speaks on the day he signs an executive order regarding quantum computing, in the Oval Office at the White House in Washington, June 22, 2026. Jonathan Ernst | Reuters President Donald Trump on Monday hedged when asked if he could guarantee that Iran would not use profits from oil sales to rebuild…
Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, on June 17, 2026. Shady Alassar | Anadolu | Getty Images Oil rose slightly early Tuesday, fluctuating as investors show cautious optimism about…
