CNBC

BP’s workforce currently stands at around 87,800.

Oil major BP to cut thousands of jobs in cost-saving drive

British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-reduction exercise.

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TikTok is staring at a potential ban in the US if the Supreme Court decides to uphold a national security law in which service providers such as Apple and Google would be penalised for hosting the app after the Sunday deadline. 

A $US50b deal needed to save TikTok in the US

Business moguls such as Elon Musk should be prepared to spend tens of billions of dollars for TikTok’s US operations should parent company ByteDance decide to sell. 

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The SEC alleges Elon Musk committed securities fraud in 2022.

SEC sues Elon Musk for not properly disclosing Twitter stake

The SEC is suing Elon Musk, alleging he committed securities fraud by failing to disclose he had amassed an active stake in Twitter, a move that allowed him to buy shares at ‘artificially low prices’.

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eju Air Flight 7C2216 crashed at Muan International Airport in South Korea after skidding off the runway and colliding with a wall.

Black box data missing from last 4 minutes before Jeju crash

The two black boxes on the Boeing jet involved in the worst aviation disaster on South Korean soil stopped recording about four minutes before the accident.

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Tesla founder Elon Musk has angered European leaders by buddying up to Germany’s far right. (AP PHOTO)

Musk courts far right in Europe, leaders unable to stop him

Elon Musk’s plan to host a chat with the leader of a far right party on his X social media platform has angered European politicians — but they’ll struggle to stop him.

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The gap between the strongest and weakest passports on the list is the largest in the index’s 19-year history.

The world’s most powerful passport has a clear winner

In 2024 it was a six-way tie, but in 2025 one country has broken ahead of the rest.

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The aviation industry is bracing for another year of difficulties.

How slew of aviation industry challenges will impact travel

The aviation industry is bracing for another year of difficulties, as delivery delays at Boeing and supply chain problems are set to continue into 2025, say aviation consultants.

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Shoji Morimoto reserving a spot for his client in a park.

This Japanese man earned $80,000 a year from ‘doing nothing’

When Shoji Morimoto was fired in 2018, his superior criticised him for lacking initiative and ‘not doing anything’ of value. Joke’s on him, because Morimoto has spun a lucrative career out of ‘doing nothing’.

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Traders work on the floor at the New York Stock Exchange in New York, Thursday, June 16, 2022. Markets worldwide are back to tumbling on Thursday as worries about a fragile economy roar back to the fore. The S&P 500 was 3.9% lower in afternoon trading, more than reversing its blip of a 1.5% rally from a day before. (AP Photo/Seth Wenig)

Veteran US investor sees cautionary signs of a bubble

An investor who foresaw the dot-com bubble sees a handful of red flags in market valuations.

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OpenAI CEO Sam Altman says his sister’s claims of sexual abuse are ‘deeply hurtful and entirely untrue’.

OpenAI boss Sam Altman denies sister’s sexual abuse claims

Sam Altman’s sister has filed a lawsuit alleging that her brother sexually abused her regularly for years, a claim he says is ‘deeply hurtful and entirely untrue’.

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Boeing’s stock price is down more than 30 per cent over the past 12 months, while the S&P 500 is up nearly 27 per cent.

Aircraft giant Boeing faces a steep road to recovery

The new year marks another of rebuilding for the embattled US company, as it tries to overcome safety issues and return to profitability under a new chief executive.

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A hybrid work model and generation of young employees who started their careers remotely has meant that office ‘norms’ are hard to identify let alone follow. Here are 10 etiquette tips to get you started.

10 tips to make you the most likeable person in the office

A hybrid work model and generation of young employees who started their careers remotely has meant that office ‘norms’ are hard to identify let alone follow. Here are 10 etiquette tips to get you started.

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The wreckage of a Jeju Air aircraft that crashed at Muan International Airport killing 179 people.

Aviation experts question concrete wall at end of runway

Aviation experts are questioning the role of a mound of dirt and a concrete wall past the end of a runway, which Jeju Air Flight 7C2216 slammed into, killing all but two people on board.

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Your money habits trace back to your childhood.

Toxic money problems trace back to your childhood

Your relationship with money might seem random, but one expert says it offers clues about your childhood — and understanding this could help overcome toxic spending habits.

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