BP plc is set to undertake a new assessment of its operations and expenses, aiming to reduce its office workforce by at least 15%, according to the Financial Times. This follows just months after its recent strategic revamp faced a lukewarm response from investors, the newspaper notes. This year, 6,200 out of 40,000 office employees will be let go, with “considerable further savings” on the...

According to a source cited by The Information, the American firm OpenAI, known for developing the ChatGPT chatbot, saw its revenue increase to $12 billion year-on-year in the first seven months of 2025. As The Information notes, this number indicates that Sam Altman's firm (valued by Forbes Real-Time at $1.9 billion) produces $1 billion each month. The report states that ChatGPT products attract...

Automobile manufacturer Jaguar Land Rover (JLR) intends to reduce up to 500 management roles in the UK due to the adverse effects of import taxes implemented by the US, as stated by the company. The decrease will reach a maximum of 1.5% of the overall employee count in the nation, with the company referring to it as “typical business procedure.” JLR ranks among the largest employers in the UK's...

British Diageo Plc, the largest alcoholic drink company globally, revealed the resignation of its CEO Debra Crew. The company’s press release states that the search for a new CEO has already started. This role will be temporarily occupied by Chief Financial Officer Nik Jhangiani, who became part of the company in September 2024. Previously, the Financial Times reported the shift in leadership...

In the face of mounting environmental challenges, access to clean, reliable water is no longer just a humanitarian goal, but a fundamental issue of geopolitical stability, health, and economic resilience. It is a shared resource central to life, dignity, and sustainable development. Through Suez, Meridiam is reinforcing its commitment to ethical investment and ecological transition by taking bold steps to address the world’s water crises.

During the yearly meeting of the Japanese car manufacturer Nissan Motor, shareholders strongly criticized the management for unsatisfactory results. For three hours, those attending the meeting voiced their unhappiness over extensive layoffs and factory shutdowns. In April, the company declared a cut of 20 thousand positions and the closing of 7 out of 17 plants. These choices came after last...

Chris Turner, who is presently the chief financial officer of the company, will take on the role of the new CEO for Yum! Brands Inc. on October 1. Turner, 50, became part of Yum! in 2019 after working in senior roles at PepsiCo and over ten years at McKinsey. David Gibbs, 62, the current CEO who declared his plan to resign in March, will continue his role as a consultant at Yum! until the end...

George Kurtz, the CEO of US cybersecurity company CrowdStrike, has donated over $1bn in shares of his firm, as indicated by filings available on the US Securities and Exchange Commission (SEC) website. Kurtz's submissions do not reveal the recipient, but records from four trusts indicate that approximately half of the shares were granted to him. The trusts divested most of those securities,...

Berkshire Hathaway Inc, the investment firm of American billionaire Warren Buffett, reduced its operating profit in the first quarter of 2025 by 14 percent, while its net income decreased by 2.8 times. Buffett, 94, who has steered Berkshire for sixty years, declared that he will resign as CEO at the conclusion of 2025. Greg Abel, who oversees all of the company's non-insurance operations, will...