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Two global giants are reshaping their workforces through AI-driven restructuring. PwC and Amazon have each announced major headcount reductions tied to automation investment and slower growth. Both moves highlight how large employers are shifting from expansion to productivity, using artificial intelligence to redefine roles, structures, and future hiring priorities.
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GSK lifted its 2025 sales forecast after a strong third quarter. Specialty medicines drove the increase, with double-digit gains across HIV, oncology, and respiratory treatments boosting overall revenue. The company now expects annual growth of 6–7 per cent, reflecting continued momentum in higher-margin therapies and a robust launch pipeline.
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Japan’s economy strengthened modestly in October, led by corporate investment. The government’s latest monthly report points to rising capital expenditure in equipment, software, and digitalisation, while household consumption remains subdued and export risks persist. Officials maintained their overall view of moderate recovery for the third consecutive month.
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UK Government introduces law to regulate ESG ratings providers. The legislation places ESG ratings providers under Financial Conduct Authority supervision, following IOSCO’s 2021 call for improved transparency and oversight. The regulation will apply to both UK-based and foreign providers….
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Amundi partners with UK universities for fossil fuel-free cash fund. The fund, excluding companies linked to fossil fuel expansion, will see an initial investment of nearly £500 million from a coalition led by the University of Cambridge….
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Barclays will acquire US personal-loan originator Best Egg for $800 million. The move deepens the bank’s push into American consumer finance, adding around two million new customers and broadening its foothold in unsecured lending and digital credit services.
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ExxonMobil challenges California’s climate laws in U.S. court. ExxonMobil has filed a lawsuit against California’s new climate reporting requirements, arguing they infringe on free speech rights and are ideologically driven. The laws mandate emissions and climate risk disclosures from large companies operating in California….
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EY appoints Colm Devine as Global Vice Chair for Sustainability. Devine, with over two decades at EY, will lead the firm’s sustainability agenda, leveraging technology and AI to support global clients and professionals in achieving their sustainability goals….
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EcoVadis expands network with SGS and QIMA for audits. The company enhances its ecosystem to meet rising client demand for training and auditing services, integrating SGS and QIMA to strengthen global supply chain sustainability through expert verification and assurance….
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United Airlines and Neste expand sustainable aviation fuel partnership. United Airlines will supply SAF to three major US airports, aiming for zero greenhouse gas emissions by 2050. Neste’s renewable fuel reduces lifecycle emissions by up to 80% compared to conventional jet fuel….