U.S. Accuses Chinese AI Firms of Extracting Model Capabilities 
UK Businesses Urge Government to Cut Electricity Levies 
Spire Healthcare Shares Jump on £1.03 Billion Takeover Deal 
Qualcomm Stock Jumps on Amazon AI Chip Deal 
Zara Owner Inditex Sales Rise 9% in August 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
Nvidia-Groq AI Chip Deal Faces U.S. Antitrust Probe 
Nvidia Plans 2GW Australia AI Data Center Expansion by 2027 
Novartis Shares Plunge After Muscle Drug Fails Phase III Trial 
Japan Producer Inflation Eases to 7.6% in August 
Asian Stocks Slide as Oil Surge Fuels Rate Hike Fears 
OpenAI Weighs AI Development Slowdown Over Safety Risks 
Can Europe shake its Russia links for good? 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Australia Plans New Rules Giving Users Control Over Social Media Feeds 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
Enflame Shares Surge 200% in Shanghai AI Chip Debut 
Add as a preferred source on Google
PayPal Holdings Inc is planning to cut 7 percent of its workforce, or about 2,000 employees, to rein in costs to ride out the downturn.
According to PayPal's CEO Dan Schulman, while the company has made substantial progress in right-sizing its cost structure, and focused its resources on core strategic priorities, it has “more work to do."
PayPal is seeking to position itself financially and strategically, bracing for an economic slowdown, said Wedbush analyst, Moshe Katri.
In November, PayPal reduced its annual revenue growth forecast in anticipation of a broader economic downturn and did not expect much growth in its US e-commerce business in the holiday quarter.
