BP has announced a major cost-cutting initiative resulting in the elimination of 4,700 jobs and 3,000 contractor positions, impacting over 5% of its workforce.
Business
Starbucks is reversing its open-door policy, requiring customers to make a purchase to use its facilities or stay in its cafes, effective January 27.
TikTok parent company ByteDance is reportedly considering selling out to Elon Musk to avoid the January 19 deadline ordering the app to shut down in the US.
The Supreme Court denied Binance and its founder Changpeng Zhao's appeal to dismiss lawsuit accusing the crypto exchange of selling unregistered tokens.
BlackRock has withdrawn from the Net Zero Asset Managers initiative, a UN-backed coalition dedicated to achieving net-zero greenhouse gas emissions by 2050.
The US trade deficit increased by 6.2% in November, reaching $78.2 billion as businesses rushed to import goods in anticipation of Trump's tariffs.