Category Business

Amazon Faces Lawsuit Over Disability Punishments

Amazon Faces Lawsuit Over Disability Punishments

Amazon faces a class action lawsuit filed Wednesday in Manhattan federal court, accused of subjecting thousands of warehouse employees with disabilities to a punitive absence policy that threatens their jobs when they seek workplace accommodations. The Seattle-based retailer, America’s largest…

OpenAI Seals Massive $38B Amazon Cloud Deal

OpenAI has signed a groundbreaking $38bn (£29bn) contract with Amazon to access its cloud computing infrastructure, marking the ChatGPT maker’s largest diversification move away from Microsoft. The seven-year agreement positions the AI start-up to secure unprecedented computing power for artificial…

Trump Pardons Binance: Alarming Message to Criminals

Trump Pardons Binance: Alarming Message to Criminals

President Donald Trump pardoned Changpeng Zhao, the Binance founder who served prison time for anti-money-laundering violations, sending shockwaves through financial regulatory circles. The pardon, issued Thursday, effectively erases the criminal record of a man whose crypto exchange facilitated transactions involving…

Huntington Profit Soars on Surging Interest, Fees

Huntington Profit Soars on Surging Interest, Fees

Huntington Bancshares reported a significant rise in third-quarter profit on Friday, as the regional U.S. lender benefited from increased interest income and fees across all divisions. The Columbus, Ohio-based bank posted net income of $629 million, or 41 cents per…

Nestle Slashes 16,000 Jobs in Bold CEO Turnaround

Nestle Slashes 16,000 Jobs in Bold CEO Turnaround

Nestle announced Thursday it will cut 16,000 jobs globally as new CEO Philipp Navratil ignites a major restructuring to reverse the world’s largest packaged food company’s declining performance. The jobs being cut represent 5.8% of Nestle’s around 277,000 employees, part…