New Vodafone boss Margherita Della Valle said on Tuesday she would cut 11,000 jobs over three years to simplify the telecoms group and regain its competitive edge as it forecast a 1.5 billion euro drop in free cash flow this year.
Japan's wholesale prices rose 5.8% in April from a year earlier, but the pace slowed for the fourth straight month, data showed on Monday, suggesting that consumer inflation will begin to moderate as cost-push pressures ease.
SAP will deepen collaboration with Microsoft on joint generative AI projects in the field of personnel recruiting, the German software maker announced on Monday.
Man Group will be led by two women for the first time in its history by the end of this year, after the London-listed hedge fund group said its long-standing CEO Luke Ellis will be succeeded by current president Robyn Grew.
ASOS , one of the pioneers of online fashion retailing, swung to a first-half loss, hit by a squeeze on household budgets and forecast a further drop in sales, sending its shares sharply lower.