Major Fast-Food Chain Faces Wave Of Restaurant Closures As Franchise Giant Files For Bankruptcy

Iraq Negotiates With Iran To Reopen Vital Oil Shipping Route Authored by Tsvetana Paraskova via OilPrice.com, The federal Iraqi government is in contact with Iran to persuade Tehran to allow some Iraqi oil tankers to pass through the Strait of Hormuz, Iraq’s Oil Minister Hayyan Abdul Ghani said on Tuesday.  “There is communication with Iran regarding allowing the passage of some Iraqi oil tankers,” the minister said in statements carried by the Iraqi News Agency (INA).  Iraq, unlike Saudi Arabia and the United Arab Emirates (UAE), doesn’t have any options – even partial – to...

MSFT Plans First Voluntary Buyout In 51-Year History; Gates Foundation To Slash 20% Of Staff Summary:  First CNBC reports MSFT's first-ever Voluntary Buyout in 51-Year Company History, Then a report by BBG on Meta planning 10% Workforce Cut, All Within Hours To note: Reuters First reported Meta's 10% cut late last week (report)   Meta Layoffs  First, Microsoft unveiled a voluntary buyout program, a move that could incentivize thousands of employees to leave. Now, Meta Platforms has reportedly followed with plans to cut 10% of its workforce. Taken together, today's back-to-back announcements suggest that as Big Tech continues...

This week’s “new ceasefire” between Israel and Lebanon continues to be highlighted by increasingly aggressive Israeli military attacks across Lebanon’s south, with at least 10 more Lebanese killed today, including three members of the Lebanese military. Given yesterday’s Israeli claim that they have “no hostile intent” toward the Lebanese government, that particular attack is particularly […]