US Citizen Executed by Israeli Settlers as Israel Aims to Further Control the West Bank

Oracle Cuts 21,000 Jobs As AI Adoption Deepens And Credit Risk Flashes GFC-Era Highs Oracle disclosed in a Form 10-K filing that it reduced its workforce by 21,000 employees over the past year as it automates white-collar jobs and frees up cash to splurge on AI infrastructure buildouts. "Our periodic workforce restructurings and reorganizations can be disruptive,"  Oracle said in the annual financial regulatory publsihed on Monday, adding, "We have an existing restructuring plan in place under which we have made, and will continue to make, adjustments to our workforce in...

Germany Plans To Force Social Media Platforms To Fill 20% Of Algorithmic Reccs With 'State-Approved' Content Authored by - Remix News Staff - via Remix News, Germany's federal states are proposing that social media platforms reserve at least 20 percent of algorithmic recommendations for content from a pool of approved media outlets deemed important for opinion diversity, according to a draft under public consultation. The proposed measure is already being slammed as a state-mandated propaganda effort that would force German citizens to view content friendly to the ruling establishment parties. The measure...

LVMH Posts Biggest Quarterly Drop Since Dot-Com; UBS Sees Luxury Opportunity LVMH, the owner of Louis Vuitton, Christian Dior, Fendi, Bvlgari, Moët & Chandon, and dozens of other luxury brands, just posted its worst quarter since the dot-com bust era, making it the worst-performing European luxury stock this year as demand for luxury handbags, shoes, watches, perfumes, and wines continues to soften amid an intensifying Middle East conflict. LVMH shares in Paris tumbled 28% in the first quarter, exceeding quarterly declines seen during Covid and the 2008 financial crisis,...