News

Wells Fargo Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose $2 billion to $3 billion on its commercial real estate office loan portfolio.  “We’ve...

Upwork, the Bay Area tech firm connecting freelancers with jobs, is laying off 21% of its workforce, affecting at least 160 employees based on its reported 800 staff at the...

Bolt, the Estonian rival to Uber, is enforcing a partial return-to-office mandate for its 4,000 employees, requiring them to be in the office 12 days a month, or roughly three...

Optimism among British firms has sunk, according to two surveys published on Thursday, six days before finance minister Rachel Reeves tries to chart a way between raising taxes and boosting...

Banks have been tweaking the terms of commercial real estate mortgages to obscure losses, and in delaying the day of reckoning, are increasing risks to the broader financial system, a...

Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg’s plan to shore up...

Europe’s data center power consumption is expected to almost triple by 2030 and will require a big rise in electricity supply mostly from low-carbon sources, and grid infrastructure upgrades, a...

Chipotle Mexican Grill is partnering with Paradox to implement AI-driven hiring across its restaurants. The initiative introduces a virtual assistant, “Ava Cado,” to streamline the recruitment process, potentially reducing hiring...

Growth in pay awards by British employers stagnated during the three months to September and firms expect average wage rises to cool over the coming 12 months, according to a...

CVS Health last week named as CEO a tried-and-tested company veteran, the latest in a handful of firms this year that have turned to an experienced executive to take the...