Business

Salesforce to lay off 8,000 workers in latest tech purge

Business software maker Salesforce is laying off about 8,000 employees, or 10% of its workforce, as major technology companies continue to prune payrolls that rapidly expanded during the pandemic lockdown.

Business

Japan's SoftBank drops sale of Arm, plans IPO

SoftBank's planned sale of the British semiconductor and software design company Arm to U.S. chip maker Nvidia has fallen through, but the Japanese technology investor immediately turned bullish on taking it public.

Automotive

Jaguar car brand to go fully electric from 2025

Jaguar, the Indian-owned luxury car brand, announced Monday that it will produce only electric vehicles from 2025 as governments put pressure on the business world to slash carbon emissions and consumers demand greener products.

Business

China accuses US of 'outright bullying' over TikTok

China accused the United States on Tuesday of "bullying" over popular video app TikTok, after President Donald Trump ramped up pressure for its US operations to be sold to an American company.

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