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Business

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BP CEO’s pay drops to 5.4 million pounds in 2024
BP says CEO's pay package fell to 5.4 million pounds in 2024

LONDON, U.K.: British Petroleum CEO Murray Auchincloss saw his pay package drop to 5.4 million pounds (US$6.95 million) in 2024, down...

DHL to cut 8,000 German jobs in largest layoff in 20 years
German delivery giant DHL cuts 8,000 jobs, largest in decades

BONN, Germany: DHL plans to cut 8,000 jobs in Germany this year, marking its most significant domestic workforce reduction in at least...

China targets 5 percent growth for 2025 amid economic uncertainty
China keeps its economic growth target at 'around 5 percent' for 2025

BEIJING, China: China has set an economic growth target of around five percent for 2025, signaling efforts to stabilize the economy...

SpaceX denies plans to take over FAA telecom contract
Musk's Starlink denies it wants to take over FAA air traffic contract

WASHINGTON, D.C.: Elon Musk's company SpaceX said this week that its Starlink satellite unit is not trying to take over any Federal...

Newsom mandates four-day in-office work for California state employees
Newsom orders California state workers back four days a week

SACRAMENTO, California: Starting July 1, California state employees will be required to work in person at least four days a week under...

Berlin abandons strict debt rules for major spending boost.
Germany to ease debt limit, unlock 1 trillion euros for defense, infra

FRANKFURT, Germany: Germany is set to loosen its strict debt limits in a historic shift that could unlock over 1 trillion euros ($1.08...

United States

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Israel cuts off all electricity to Gaza, impacting Palestinians and hostages
Israel worsens conditions for remaining hostages by cutting power to Gaza

Already under siege, the heavily-blockaded Gaza Strip, housing more than two million displaced people, as well as the remaining Israeli...

Ex-LA fire chief loses bid to reclaim job after wildfire fallout
Former Los Angeles fire chief fails to get job back after ouster

LOS ANGELES, California: Former Los Angeles Fire Chief Kristin Crowley lost her bid to get her job back after being fired by Mayor...

SpaceX denies plans to take over FAA telecom contract
Musk's Starlink denies it wants to take over FAA air traffic contract

WASHINGTON, D.C.: Elon Musk's company SpaceX said this week that its Starlink satellite unit is not trying to take over any Federal...

Newsom mandates four-day in-office work for California state employees
Newsom orders California state workers back four days a week

SACRAMENTO, California: Starting July 1, California state employees will be required to work in person at least four days a week under...

IRS may slash workforce by up to 45,000 through cuts and buyouts
IRS drafting plans to cut nearly half of its 90,000-person workforce

WASHINGTON, D.C.: The IRS is considering laying off up to half of its 90,000-person workforce through layoffs, attrition, and buyouts,...

Elon Musk fathers 14th child, third with current partner
Elon Musk has 14th child, a boy

WASHINGTON, D.C.: Multi-billionaire Elon Musk, a close adviser to U.S. President Donald Trump, has welcomed his 14th child. His newest...