Monday , 29 December 2025

Recent Posts

Greece seeks to overhaul EU electricity grid

BLOOMBERG Greece will put forward a plan to overhaul the European Union’s (EU) electricity grids in order to lay foundations for a massive rollout of renewable power. The country wants to boost so-called north-south corridors so that areas with high levels of wind power generation are better connected with those that produce solar electricity, according to a non-paper seen by …

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Amazon to cut 9,000 more jobs, deepening biggest pullback ever

BLOOMBERG  Amazon.com Inc is laying off an additional 9,000 employees, adding to cuts that were already the largest round of firings in the company’s history. CEO Andy Jassy announced the cuts internally, saying they would occur in the coming weeks and primarily affect Amazon Web Services, human resources, advertising and the Twitch livestreaming service groups. “Given the uncertain economy in …

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Foot Locker’s new CEO plots route to $9.5 billion in sales

BLOOMBERG  Foot Locker Inc’s new chief executive officer has unveiled a turnaround plan for the shoe retailer that hopes to break $9.5 billion in annual sales by 2026. Mary Dillon, who took the top job in September, and her senior executives told investors and analysts in a presentation that they will open new store formats away from shopping malls, push …

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