Walgreens cuts 5% of corporate staff members

Walgreens Boots Alliance is undergoing a workforce reduction, with 267 corporate employees, accounting for 5% of the corporate workforce, facing layoffs. The decision is part of the company’s efforts to streamline operations

stc Group furthers partnership with Microsoft

stc Group, a key player in digital transformation, has announced an expansion of its strategic partnership with Microsoft to drive digitisation and innovation in Saudi Arabia. This collaboration will involve the joint

Canadian Tire slashes corporate workforce

Canadian Tire Corp. Ltd. has announced plans to reduce its corporate workforce by approximately three percent in response to a decline in consumer demand. The retailer disclosed the job cuts in its

Kuwait set to introduce corporate tax laws

Kuwait is gearing up for a significant tax system overhaul as part of its bid to join the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS). The move comes as

Klarna launches UK holding company

Swedish fintech firm Klarna has announced the establishment of a U.K. holding company, marking a pivotal move towards its highly anticipated initial public offering (IPO). This strategic decision is part of a

Ping An records $2.1bn in loses

Chinese property stocks experienced a notable surge in value, while Ping An Insurance Group shares took a significant hit, reaching a one-year low on Wednesday. These developments were prompted by a Reuters

Founder and CEO of Bumble steps down

Whitney Wolfe Herd, the founder and CEO of the dating app Bumble, is set to step down from her position early next year. Bumble is known for its approach of requiring women

Barclays hires ex-Deutsche Bank Banker

Barclays Plc has reportedly hired Jiongting Lim, an investment banker from Deutsche Bank AG, to lead its client coverage in Singapore. Lim, who had joined Deutsche Bank in 2020 as a director

PayPal CEO announces planned changes

PayPal’s new CEO, Alex Chriss, has outlined his priorities for transforming the digital payments company into a more profitable growth enterprise. Taking over the role just weeks ago, Chriss acknowledged the challenges