Cisco to lay off about 14,000 employees: tech news site CRN leftright 22leftrightCisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker`s global workforce, technology news site CRN reported, citing sources close to the company.Cisco, which is due to report fourth-quarter results later on Wednesday, is expected to ...
Yahoo probes possible huge data breachYahoo is investigating claims the hacker linked to "mega-breaches" at MySpace and LinkedIn has posted details of 200 million Yahoo accounts to a marketplace on the dark web.Usernames, passwords and dates of birth are being offered for sale for three bitcoins (£ 1,360).Using the name Peace, the ...
Businesses must alter `toxic` attitude to executive pay, PwC saysPwC report warns companies must deliver &lsquo sea change&rsquo to see off crackdown on boardroom excess pledged by Theresa MayCompanies have failed to address a toxic attitude towards executive pay and face a government crackdown if they do not act to curb boardroom excess, according to a ...
Brexit: Obama warns on global growth after UK voteUS President Barack Obama has said the UK vote to leave the EU raises "longer-term concerns about global growth".He said Brexit would "freeze the possibilities of investment in Great Britain or in Europe as a whole".He appealed to the UK prime minister and other EU leaders to ensure an orderly ...
Brexit: David Cameron to quit after UK votes to leave EUPrime Minister David Cameron is to step down by October after the UK voted to leave the European Union.In a statement outside Downing Street, he said he would attempt to "steady the ship" over the coming weeks and months but that "fresh leadership" was needed.The PM had urged the country to vote ...
Tesco`s range of `fake farm` foods help boost salesOur new fresh food brands are performing very well, with over two-thirds of our customers having bought products from the new range, Lewis said in a statement accompanying the results.Lower prices across all products as well as improved store processes have also boosted results, the retailer ...
Microsoft to move into cannabis industry as partnership announcedAmerica&rsquo s burgeoning weed industry just seems to be climbing higher.Tech giant Microsoft announced Thursday it is partnering with a cannabis industry-focused software company called Kind Financial. The company provides seed to sale services for cannabis growers, allowing them to track ...
South African mobile phone firm MTN to pay $1.7bn Nigeria fineSouth African mobile-phone giant MTN has agreed to pay $1.7bn (£ 1.1bn) to Nigeria over failing to disconnect unregistered Sim cards.The firm was originally fined a record $5.2bn by the Nigerian Communications Commission (NCC) but the two sides have settled on a lower amount."This is the best ...
Brazil`s economy shrinks for fifth consecutive quarterBrazil`s economy continued to shrink in the first quarter of 2016 with a 0.3% contraction.It was the fifth consecutive quarter of contraction, official figures showed.However, the figure was better than the 0.8% contraction predicted by economists.As well as its worst recession in decades, Brazil ...
Middle-class latte drinkers will escape the sugar tax, while poor will payTakeaway coffees and smoothies can be laden with sugar - but they will not be taxed, campaigners say Sugary coffees and fruit smoothies enjoyed by the middle-classes will escape the sugar tax according to campaigners who are complaining that the levy is being unfairly aimed at the poor.The ...
A million more youngsters to live with parents, says AvivaA million more young people are likely to find themselves living with their parents over the next decade, according to the insurance company Aviva.The main reason is the affordability of housing, the company said.The study forecasts that 3.8 million people aged between 21 and 34 will be living at ...
HP Enterprise to merge IT services unit with Computer SciencesHewlett Packard Enterprise Co said it would spin off and merge its struggling IT services business with Computer Sciences Corp, allowing the company to focus on its cloud services business and other fast-growing units.Shares of Hewlett Packard Enterprise, formed after Hewlett-Packard Co formally ...
Google`s Paris HQ raided in tax probeFrench finance officials have raided the Paris offices of US internet giant Google as part of a tax fraud investigation.Reports say about 100 tax officials entered Google`s offices in central Paris early in the morning.Police sources confirmed the raid. Google said "We comply with French law and ...
Bayer defies critics with $62 billion Monsanto offerGerman drugs and crop chemicals group Bayer has offered to buy U.S. seeds company Monsanto for $62 billion in cash, defying criticism from some of its own shareholders in a bid to grab the top spot in a fast-consolidating farm supplies industry.The unsolicited proposal, which includes debt, would ...
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