Hanna Ziady

Vice Media filed for Chapter 11 bankruptcy protection Monday to facilitate a sale of the company and safeguard its future, according to court documents and a statement from the struggling media group.

BT Group is planning to slash up to 55,000 jobs in the next five to seven years as it turns to technology to cut costs and simplify its business.

Meta has been fined a record-breaking €1.2 billion ($1.3 billion) by European regulators for transferring data belonging to Facebook’s EU users to servers in the United States.

UK inflation dropped back below 10% in April but didn’t fall as sharply as economists were expecting, and one crucial measure of prices rose further to hit a 31-year high.

WPP, the world’s largest advertising agency, has teamed up with chipmaker Nvidia to create ads using generative artificial intelligence.

The platform will enable the agency WPP enable companies to make large volumes of advertising content, such as images or videos, “more tailored and immersive,” the company added

Brits woke up to yet more grim news on inflation Tuesday, with new data showing prices in UK stores are rising at a record pace. It’s the latest sign of a seemingly intractable cost-of-living crisis that has Prime Minster Rishi Sunak considering drastic measures, including price controls, to keep inflation in check.

Global airlines should make nearly $10 billion in profit this year as business bounces back from the pandemic, according to a new forecast from the International Air Transport Association (IATA).

Around 50% of major global companies will need less real estate in the next three years, with American cities — led by San Francisco — most exposed to empty offices, new research has found.

The vast majority of the world’s biggest companies have done almost nothing in the past five years to cut their planet-heating pollution enough to avoid catastrophic climate change.