Standard Chartered plans to cut over 15% of corporate function roles, about 7,000 jobs, by 2030 due to AI and automation. CEO Bill Winters says the move replaces lower-value human jobs with technology investments, aiming to boost efficiency and profitability. The bank targets a return on tangible equity of 18% by 2030 and will focus on wealth management and cross-border banking for growth. Job cuts will mainly affect back-office operations in locations like Chennai and Kuala Lumpur.
The S&P 500 fell 0.07% to 7,403.05 on Monday, marking its second consecutive decline, pressured by weakness in AI-related technology stocks after Seagate warned of supply constraints. Despite this, Wall Street remains near record highs following a st...
The global nebulizer market, valued at $1.5 billion in 2025, is projected to reach $2.2 billion by 2032, growing at a 5.9% CAGR. Growth is fueled by technological innovations like portable mesh nebulizers, increasing respiratory disease prevalence, a...
ROCKWOOL A/S reported a 2% revenue increase in Q1 2026, reaching 906 million euros despite geopolitical tensions and weather issues. EBITDA was 187 million euros with a 20.7% margin, slightly down due to production disruptions and weak markets in Can...
The global makeup remover market is projected to grow from $1.6 billion in 2025 to $2.1 billion by 2032, at a CAGR of 4%. Growth is fueled by innovations such as AI-driven product recommendations, sustainable packaging, and microbiome-friendly formul...
In the first quarter of 2026, hedge funds dramatically increased their investments in semiconductor stocks, pushing sector exposure to a record 19% of global hedge fund portfolios, more than doubling since the start of the year. Major investors like ...
