Telecommunications giant Virgin Media O2 is preparing to reduce its workforce by several thousand roles, aiming to streamline operations and decrease expenditures. While precise figures are unconfirmed, the cuts are anticipated to affect a substantial portion of the company's staff.
The Trump administration has approved a $1.2 billion (£940 million) payment to German energy firm RWE to cease development on several offshore wind energy projects in the United States. This agreement marks the latest in a series of cancellations affecting wind power, a sector consistently criticised by former President Donald Trump.
The United States has levied a 15% tariff on gallium nitride (GaN), a critical semiconductor material, effective immediately. This measure is overtly aimed at bolstering US manufacturing against increasing competition from China's expanding chip sector, illustrating Washington's ongoing efforts to restrict Beijing's technological advancement.
