Category: finance
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Dutch Bank ABN Amro Announces Plans to Cut 5,200 Jobs by 2028 in Major Restructuring Move
ABN Amro, one of the Netherlands’ leading banks, has unveiled plans to cut 5,200 full-time jobs by 2028, marking a significant restructuring effort aimed at cost reduction and strategic refocusing. The announcement highlights the bank’s ongoing commitment to streamline operations while prioritizing its core businesses. Major Job Cuts Across All Divisions The planned reduction represents
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Australian Delivery Workers to Receive Minimum Wage in Historic Deal with Uber Eats and DoorDash
Australia is set to make history in the gig economy as food delivery workers for Uber Eats and DoorDash move closer to receiving minimum wage protections under a landmark agreement with the country’s transport union. This pioneering deal could set a global precedent for gig worker rights and compensation. A Major Win for Gig Workers
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Domino’s Pizza UK CEO Steps Down Amid Strategic Shift
London, November 25, 2025 – Domino’s Pizza Group PLC (DOM.L) announced on Tuesday that its CEO, Andrew Rennie, has stepped down, with Chief Operations Officer Nicola Frampton taking over on an interim basis. The leadership change comes as Domino’s UK executes a strategic shift to diversify its menu and boost growth amid a challenging economic
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South Korea Ruling Party to Propose Bill for U.S. Investment Under Tariff Reduction Deal
Seoul, November 25, 2025 – South Korea’s ruling Democratic Party is set to propose legislation this week that will enable the country to invest in the United States under a new trade deal aimed at reducing tariffs on South Korean exports. The proposed bill, scheduled for introduction on November 26, is part of a broader
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China Extends Beef Import Investigation into 2026, Offering Relief to Global Suppliers
Beijing, November 25, 2025 – China has announced an extension of its ongoing investigation into beef imports, pushing the review period to January 26, 2026. This marks the second time Chinese authorities have prolonged the probe, granting global beef exporters additional time before potential trade restrictions could be implemented. The move comes amid slowing domestic
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India Considers Extending Import Tariffs on Steel Products Amid Rising Chinese Imports
India is reportedly considering extending import tariffs, also known as safeguard duties, on select steel products to protect domestic manufacturers from cheaper imports, particularly from China. A source with direct knowledge of the matter told Reuters that the government is reviewing measures to shield the local steel industry amid global price fluctuations and rising import
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Russia’s Igor Sechin Warns West of Potential Economic Crisis from Sanctions
Igor Sechin, CEO of Russia’s largest oil producer Rosneft, has warned that Western sanctions imposed on Russia and China could trigger a significant economic crisis in Western countries. Speaking at the Russian-Chinese Energy Business Forum (RCEBF) in Beijing, Sechin emphasized the long-term consequences of sanctions on energy prices, consumer costs, and state spending in the
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Exxon Mobil Pauses Major Hydrogen Plant Project Amid Weak Market Demand
Exxon Mobil (NYSE: XOM) has paused plans for one of the world’s largest hydrogen production facilities due to weak customer demand, CEO Darren Woods confirmed in a recent interview with Reuters. The decision highlights the ongoing challenges that traditional oil and gas companies face while trying to transition to cleaner energy sources, as many projects
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Pakistan Rooftop Solar to Surpass Grid Demand in Key Hubs by 2026
Pakistan is on the verge of a major solar milestone. According to Aisha Moriani, Secretary of Pakistan’s Climate Change Ministry, rooftop solar generation in the country is projected to exceed grid-based electricity demand during daytime hours in several major industrial regions by next year. This unprecedented shift underscores the rapid adoption of renewable energy in
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Key Takeaways from the COP30 Climate Summit in Brazil
The COP30 climate summit in Belem, Brazil, concluded with a compromise deal that many observers deemed tentative and limited, highlighting both progress and persistent challenges in global climate action. While wealthy nations committed to tripling climate adaptation funding, most countries’ core demands—particularly reducing reliance on fossil fuels—were largely ignored. Fossil Fuel Interests Stall Global Climate
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