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Barclays To Axe 5,000 Jobs As Britain's Youth Employment Crisis Deepens
Barclays To Axe 5,000 Jobs As Britain's Youth Employment Crisis Deepens
Bloomberg cites a Barclays corporate presentation saying the bank is cutting 5,000 jobs as it pushes ahead with cost-cutting measures and adopts artificial intelligence to improve efficiency.
The reductions would affect about 5% of the bank's workforce. The London-based lender employed about 93,000 people globally at the end of 2025, according to Bloomberg data.
Barclays said it was "structurally reducing" costs to "generate capacity for investment." The presentation also touched on organizational simplification and greater efficiency, supported by AI.
Separately, a...
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Apr 23, 2026 / Dave DeCamp
Katz: Israel Waiting for US ‘Green Light’ To Attack Iran, Plunge Country Into the ‘Stone Age’
Israeli Defense Minister Israel Katz said on Thursday that Israel was waiting for a “green light” from the US to break the ceasefire and renew attacks on Iran to plunge the country into the “stone age,” and finish off the Khamenei family, a sign that the truce is on the brink of collapse. “Israel is […]
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Jul 6, 2026 / Tyler Durden
UAE Crude Output Nears Record High Following OPEC Exit Amid Surge In Chinese Buying
UAE Crude Output Nears Record High Following OPEC Exit Amid Surge In Chinese Buying
The United Arab Emirates raised its crude output to near record highs above 3.8 million barrels per day in June, after the Gulf nation quit OPEC to escape production caps, Reuters reported citing two sources familiar with production data said on Monday. Bloomberg data showed even higher UAE exports, rising to 3.94mmb/d, just shy of the record hit in late 2025.
June's output was the highest since April 2020, according to Reuters estimates, exceeding levels seen before the...
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Oct 21, 2026 / Tyler Durden
US Has Revoked More Than 300,000 Visas In Trump's Second Term
US Has Revoked More Than 300,000 Visas In Trump's Second Term
Authored by Troy Myers via The Epoch Times,
More than 300,000 foreign nationals have had their U.S. visas revoked since President Donald Trump entered office for a second term, due to criminal activity, fraud, or threats to national security.
State Department spokesman Tommy Pigott said Oct. 20 that the pace of visa revocations by the Trump administration - as it reaches the two year mark of its four year term - has set a record.
"The Trump administration has revoked more visas...
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