British American Tobacco (BAT) plans to cut about 20% of its workforce, totaling around 9,000 jobs including outsourcing 3,500 roles, as it adopts AI to reduce costs and boost profits. The cuts exclude the U.S. and aim to save $793 million annually by 2028. BAT is shifting focus from declining traditional tobacco sales to alternatives like vapes and nicotine pouches but faces regulatory and market challenges. The company aims to grow revenue 3-5% annually while supporting affected employees through the transition.
South Korea announced over $576 billion in mega-projects focused on semiconductors, AI, and robotics, aiming to become a global leader in these technologies. Samsung and SK Hynix, along with their suppliers, will invest around $518 billion to build f...
British American Tobacco is rapidly expanding its non-traditional nicotine products like Velo pouches, gaining strong adoption especially among younger users. The company offers an attractive dividend yield above 5% and is actively returning capital ...
