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Amazon revealed fresh global job cuts after an internal email reached workers by mistake.Staff at Amazon Web Services received a cancelled meeting invite containing a draft layoff notice.The message wrongly said affected employees in the US, Canada, and Costa Rica had already been informed.Senior vice-president Colleen Aubrey signed the email and called the layoffs “Project Dawn”.Amazon cut 14,000 corporate roles in October and continues reducing pandemic-era hiring.Chief executive Andy Jassy has warned AI could replace some white-collar roles.The news followed job cut plans at United Parcel Service, which will eliminate up to 30,000 roles.
Lawmakers Call for Clear Rules and Political Backing Members of the European Parliament from the European People’s Party say nuclear fusion has reached a moment where it can no longer be treated as a distant science project. In a declaration released Tuesday, they urged the European Commission to create a clear and predictable regulatory framework to help attract private investment into fusion energy, which is expected to require vast funding to move from research to real-world use. The lawmakers argue that fusion could become a key pillar of Europe’s future electricity supply and a driver of industrial competitiveness. With the…
Scientists have launched DinoTracker, an AI-powered app that identifies dinosaur footprints with about 90% expert-level accuracy.Researchers from the University of Edinburgh and Helmholtz-Zentrum trained the system on 2,000 unlabelled footprint silhouettes.The AI compares shapes using eight key features, including toe spread and heel position.Users can upload footprints, explore similar tracks, and test shape variations.The system supports earlier findings that some ancient tracks look birdlike, though scientists caution they likely came from bird-like dinosaurs, not true birds.
A landmark trial over alleged social media addiction opens Tuesday in California. Senior executives from major technology companies are expected to testify. The case could redefine legal responsibility for digital platforms. The plaintiff is a 19-year-old woman identified as KGM. She claims platform algorithms caused addiction and harmed her mental health. She says design choices encouraged compulsive use during her teenage years. The defendants include Meta, owner of Instagram and Facebook, TikTok owner ByteDance, and YouTube parent Google. Snapchat reached a settlement with the plaintiff last week. The remaining companies now face court. The trial will be held at Los…
The US Securities and Exchange Commission dropped its lawsuit against the Winklevoss twins’ crypto exchange after investors recovered all assets. Regulators cited full repayments to Gemini Earn users through the Genesis bankruptcy process in mid-2024. The decision reflects a more industry-friendly approach under Donald Trump, who supports cryptocurrency adoption. In 2023, the SEC accused Gemini and Genesis of illegally selling securities through a lending program. Genesis froze $940m in assets during the 2022 market crash but later returned crypto in full. Gemini also settled with New York regulators and accepted a lending ban.
The European Union has approved a fresh round of national defence investment plans under its new SAFE programme, a key part of the bloc’s Readiness 2030 strategy aimed at significantly strengthening Europe’s military capabilities over the coming years. Eight Countries Cleared for €74bn in Defence Loans On Monday, the European Commission approved defence investment plans from Estonia, Greece, Italy, Latvia, Lithuania, Poland, Slovakia and Finland under the €150 billion Security Action for Europe (SAFE) loan scheme. Together, the eight countries requested €74 billion—almost half of the total funding the Commission plans to raise on financial markets. Poland accounted for the…
Gold prices climbed above $5,000 (£3,659) an ounce for the first time, continuing a historic rally. The precious metal has gained more than 60% during 2025, marking a record-breaking year. Geopolitical and financial tensions have driven the surge. Disputes between the United States and Nato over Greenland have unsettled investors. Markets are increasingly sensitive to global instability. US President Donald Trump has intensified concerns with aggressive trade policies. He recently threatened a 100% tariff on Canada. The warning targets any Canadian trade agreement with China. Safe-haven buying lifts precious metals Investors often flock to gold during periods of uncertainty. Many…
A new base for collaborationThe World Bank Group has launched its first office in Doha, a move that signals a deeper partnership with Qatar and a stronger push for cooperation on development, investment and regional stability. The opening marks a new chapter in the relationship between the two sides, as Qatar continues to position itself as an active player in global development and finance. Based at the headquarters of the Qatar Fund for Development (QFFD) and working closely with the Ministry of Finance, the Doha office will act as a regional hub. Its work will focus on development financing, mobilising…
Coca-Cola has sued Vue Entertainment after the cinema chain ended their 25-year partnership and switched to PepsiCo as its soft drinks supplier. Coca-Cola Europacific Partners Great Britain filed legal action to recover alleged unpaid debts following the contract’s termination. Vue operates more than 90 cinemas in the UK and Ireland and selected PepsiCo as its exclusive supplier until at least 2030. Vue’s founder, Tim Richards, criticised the move, saying the dispute could have been resolved without lawyers. Vue later confirmed the case had been withdrawn, stating no money is now outstanding and the disputed sum was under £100,000.
US President Donald Trump has issued a stern warning to Canada. He said the United States would impose 100% tariffs on all Canadian goods. Trump posted the warning on his social media platform. He said the tariffs would take effect immediately. The threat targets any trade deal or strategic partnership between Canada and China. Trump said Canada would face severe penalties if it pursued agreements with Beijing. He said the tariffs would cover all Canadian products entering the United States. He framed the move as protection for American industries. He offered no exemptions or room for negotiation. The statement escalated…
