Keywords: Restructuring
In a dramatic turn of events at Olympique de Marseille, club owner Frank McCourt has confirmed that Medhi Benatia will remain as sporting director until the end of the season, reversing his recent resignation. At the same time, Pablo Longoria has been officially downgraded, shifting his role toward institutional......
A Hong Kong court has dismissed a petition seeking the liquidation of Country Garden, offering temporary relief to one of China’s most indebted property developers as the sector continues to grapple with prolonged instability. The ruling follows months of financial uncertainty and comes after......
Ubisoft Entertainment reported third quarter net bookings of 338 million euros, up 12 percent year on year and above both company guidance and Wall Street expectations, buoyed by sustained demand for its flagship Assassin’s Creed franchise as the publisher undergoes a sweeping restructuring. For......
Nissan said it expects a net loss of 650 billion yen, or about $4.2 billion, for the fiscal year ending in March as the Japanese automaker grapples with US tariffs and an extensive global restructuring program. The company also reported a 44 percent drop in third quarter operating profit to 17.5 billion......
Ukrainian President Volodymyr Zelensky said on February 10 that the country is carrying out major changes to its air defense operations, with systems in some regions “almost completely restructured” as Kyiv confronts sustained Russian drone and missile attacks. In his evening address, Zelensky......
Elon Musk has overhauled the structure of his artificial intelligence company xAI after a wave of departures that has seen half of its original cofounding team exit since its launch in July 2023. The latest resignations, announced within 48 hours of each other, come as Musk prepares to integrate xAI......
U.S. technology giant Amazon announced on Wednesday a major workforce reduction, revealing plans to cut close to 16,000 positions as part of a broader organizational overhaul. In an official statement, the company explained that the decision aims to streamline its internal structure by reducing management......
French retail giant Auchan is planning to sell 91 of its supermarkets to Intermarché as part of a broader partnership aimed at rebranding its stores. The move comes as Auchan faces financial difficulties and seeks to restructure its operations. The agreement, initially signed in November, involved......
The United States' seizure of Venezuelan oil exports has stranded shipments intended to settle the South American nation's substantial debt to China, setting the stage for a potential showdown between the two global powers. This move threatens to further delay Venezuela's efforts to emerge......
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