Administrators lined up for North Sea oilfield services group Petrofac

Thousands gathered in Edinburgh for the Scotland Demands Better demonstration, organized by trade unions and charities, to call for urgent action against poverty. This event highlights the growing concern over economic inequality and the need for systemic change, making it a significant moment for community solidarity and advocacy.

ING has forecasted that the Federal Reserve will likely cut interest rates next week, a move that could provide much-needed relief amid ongoing concerns about tariffs and job stability. This anticipated rate cut is significant as it reflects the Fed's responsiveness to economic pressures, potentially stimulating growth and easing financial burdens for consumers and businesses alike.

SFS has announced plans to close its Flawil site by 2027, which will impact around 110 jobs. This decision is significant as it highlights the ongoing challenges in the manufacturing sector and the potential economic repercussions for the local community. The closure not only affects the employees but also raises concerns about the future of the region's job market.

Sika, a leading construction materials company, has announced it will cut 1,500 jobs and revise its outlook due to a slowdown in sales linked to the economic downturn in China. This decision highlights the challenges faced by companies operating in the global market, particularly those reliant on the Chinese economy. The job cuts not only reflect Sika's need to adapt to changing market conditions but also raise concerns about the broader impact on employment and economic stability in the construction sector.

Rivian is set to lay off more than 600 employees as the demand for electric vehicles declines following the expiration of tax credits. This move highlights the challenges facing the EV industry, particularly as incentives that once boosted sales are no longer available. The job cuts not only impact the workforce but also signal a potential slowdown in the growth of electric vehicle adoption, raising concerns about the future of sustainable transportation.

Amazon is set to equip its delivery drivers with AI-powered smart glasses, a move aimed at enhancing safety and efficiency in their roles. This initiative comes amid the company's broader strategy to automate a significant portion of its operations, potentially affecting up to 600,000 jobs. While automation raises concerns about job displacement, this technology could improve working conditions for drivers, making their tasks easier and safer. It's an interesting balance between innovation and employment that could redefine the future of delivery services.

President Donald Trump's arrival in Malaysia marks a significant moment for ASEAN relations, as he is welcomed by Malaysian Prime Minister Anwar Ibrahim. This visit highlights the importance of diplomatic ties in the region and sets the stage for discussions on various collaborative efforts.

The US Department of Agriculture has announced that no food aid benefits will be issued next month, which is concerning for many families relying on this support. This decision could lead to increased food insecurity for vulnerable populations, highlighting the ongoing challenges in addressing hunger in the country.

President Trump has announced a 10% increase in tariffs on Canada, a move sparked by a controversial advertisement from Ontario that quotes former President Reagan criticizing import levies. This decision highlights ongoing tensions between the U.S. and Canada and raises concerns about the potential impact on trade relations and the economy. As tariffs can lead to higher prices for consumers and strain diplomatic ties, this development is significant for both countries.

U.S. stocks are hitting record highs, but what's even more exciting is that international equities are set to outperform the S&P 500 by the largest margin since 2009. This trend highlights a growing global market recovery, suggesting that investors might find better opportunities outside the U.S. It’s a significant moment for those looking to diversify their portfolios and capitalize on international growth.

Amazon has introduced a tall farmhouse pantry priced at just $80, offering ample storage and a charming aesthetic for any home. This affordable piece not only enhances organization but also adds a stylish touch to your space, making it a great option for those looking to improve their home decor without breaking the bank.

The tragic death of billionaire Isak Andic, who fell off a cliff in Spain nearly a year ago, continues to cast a shadow over the Mango fast-fashion empire. As investigations into his demise unfold, the future of the company and its heirs remains uncertain, raising questions about the impact on the brand and its operations. This situation highlights the intersection of personal tragedy and corporate stability, making it a significant story in the fashion industry.