The cuts are part of the bank's reorganization plan, CNBC said.
The EU on Monday announced an investigation into Chinese e-commerce giant AliExpress, seeking more details on what measures it is taking to protect consumers online from illegal products, including fake medicines.
Irish no-frills airline Ryanair on Monday announced the start of regular dividends to shareholders after net profit surged 72 percent in its first half on higher fares and record traffic.
In a convenience store in Bahrain, 14-year-old Jana Abdullah carries a tablet as she shops, checking a list of Western brands to avoid as Israel pursues its war against Hamas.
K-pop star G-Dragon, of wildly successful but problem-plagued band BIGBANG, denied any wrongdoing as he appeared for police questioning Monday over alleged drug use.
Markets rallied again Monday following another strong performance on Wall Street, as below-forecast US jobs data fanned optimism that the Federal Reserve had reached the end of its interest rate hiking cycle.
Whether they sell smartphones, ads or computer chips, the heavyweights of Silicon Valley have everything to prove to investors looking to see who is best placed in the race to dominate the generative artificial intelligence market.
German police negotiators were Sunday trying to convince a father armed with a weapon and perhaps explosives to free his four-year-old daughter that he was keeping hostage at Hamburg airport, where flights were suspended, authorities said.
An armed father who took his four-year-old daughter hostage, forcing the suspension of flights at Hamburg airport, gave himself up "without resistance" on Sunday after hours of negotiations, German police said.
In politics, there will be a new debate of Republican presidential candidates; Donald Trump takes the stand in the civil trial against his family and company.
Elon Musk on Saturday unveiled details of his new AI tool called "Grok," which can access X in real time and will be initially available to the social media platform's top tier of subscribers.
Striking Bangladesh garment workers clashed with police on Saturday near the capital as factories reopened in defiance of a protest campaign demanding a near-tripling of wages.
US regulators voted Friday to undo rollbacks under the Trump administration that made it tougher to place certain financial companies under heightened supervision -- if they posed stability risks.
Cryptocurrency backers on Friday celebrated the fraud conviction of the industry's one-time golden boy Sam Bankman-Fried, hoping the embattled sector can finally turn the page on a multibillion dollar scandal.
Italian Prime Minister Giorgia Meloni presented a constitutional reform bill Friday that would allow voters to directly elect the premier, a move designed to curb chronic political instability.
Canadian group Restaurant Brands said the conflict in the Middle East could have a negative impact on its businesses.
The numbers for September and August were lower than previously reported, reinforcing that the job market is less heated.
Job growth in the United States cooled in October, according to government data released Friday, in part dragged down by an auto workers strike.
The move comes after reports of a purchase of a $79 million property by the billionaire in the Miami area.
Levi's and H&M are among top global clothing brands to suffer production halts in Bangladesh, a garment union leader said Friday, after days of violent protests by workers demanding a near-tripling of their wages.
Danish shipping giant Maersk said Friday it would slash 3,500 jobs as net profit and revenue plunged in the third quarter due to a sharp fall in freight rates.
Jeering Qantas shareholders voted down a pay package for the company's top brass Friday, as the outgoing chairman apologised for a public "loss of trust" in Australia's much-loved carrier.
Myanmar's junta chief vowed Friday to strike back after an alliance of ethnic minority groups seized towns and blocked trade routes to China in the biggest coordinated offensive against the military since it seized power in a coup.
From fabricated images of Donald Trump's arrest to a video depicting a dystopian future under Joe Biden, the 2024 White House race faces a firehose of tech-enabled disinformation in what is widely billed as America's first AI election.
Equities extended a global rally Friday as investors were caught up in a wave of optimism that the Federal Reserve has finished its cycle of interest rate hikes, with eyes now on the release of US jobs data.
Former crypto tycoon Sam Bankman-Fried was found guilty Thursday by a New York jury on all seven counts of fraud, embezzlement and criminal conspiracy.
Apple on Thursday reported that sales fell for the fourth consecutive quarter when compared to the prior year, but profit rose on the back iPhones and services.
Apple on Thursday reported that sales fell for the fourth consecutive quarter when compared to the prior year, but profit rose on the back iPhones and services.
Sales of the Mac fell more than 30% and missed analysts' estimates.
Jurors began deliberations in the trial of Sam Bankman Fried, the one time cryptocurrency golden boy who is accused of massive fraud by stealing customer money as he built his empire.