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Fashion startup Pomelo cuts 8% of staff

  Bloomberg Thai e-commerce startup Pomelo Fashion is cutting staff across its functions, joining other tech firms downsizing this year in a bid to withstand an economic slowdown. The online fashion retailer cut about 55 employees, or 8% of its headcount, it said. The company said it has streamlined its processes “to move towards more sustainable growth.” The Bangkok-based startup ...

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The world mourns Queen Elizabeth II

Queen elizabeth ii dies aged 96

Bloomberg The death of Queen Elizabeth II prompted an outpouring of condolences from global leaders, many noting that her long reign provided constancy to a world beset by wars, a pandemic and other crises. US President Joe Biden said she “defined an era.” “In a world of constant change, she was a steadying presence and a source of comfort and ...

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North Korea allows ‘automatic’ nuclear strikes

North korean leader kim jong un

Bloomberg Kim Jong Un expanded the circumstances under which North Korea would launch a nuclear strike — including attacking automatically if his leadership is threatened — further raising the stakes for any military confrontation with the US and its allies. North Korea laid out its new nuclear doctrine in a law approved by the Supreme People’s Congress in Pyongyang, according ...

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