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Qantas will cut 850 Australian jobs and outsource work to India through an AI-driven partnership with Accenture, marking the third major Australian corporate layoff announced in recent weeks.
US inflation rose 0.4% from September to October, with gas prices declining and overall price increases moderating despite elevated energy costs from geopolitical tensions.
The Bank of England’s modest interest rate increase risks prolonging elevated inflation above its 2% target until at least 2030, according to a leading economic thinktank’s critique.
David Jones will close 19 of its 38 stores by year-end, eliminating numerous jobs as receivers implement urgent restructuring following the department store chain’s voluntary administration.
Aldi is cutting hundreds of UK head office positions as part of global cost-reduction efforts, including up to 150 technology roles and relocating finance and procurement work overseas.
ExxonMobil, the largest U.S. oil company, signed a memorandum of understanding with Venezuela to explore oil production opportunities nearly two decades after leaving the country.
