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Nike to lay off 1,400, majority cuts in tech team; COO says ‘not a new direction’

Representative image Nike has announced that it will layoff 1400 employees across its global operations team, with the majority of reductions coming from its technology division. This move of the company is part of its ongoing ‘Win Now’ action plan which is aimed at streamlining operations and positions the brand for longterm profitable growth. In...

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CCTV captures chaos at Iran hospitals amid strikes; patients and staff seen scrambling

Screengrab from video Surveillance footage from the early days of the war shows chaotic scenes inside hospitals in Tehran as air strikes hit nearby areas.Video, released by the Iranian Red Crescent Society recently, captures medical staff scrambling to evacuate patients during the bombardment. In one clip, a nurse is seen carrying three newborn babies to...

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KPMG to cut 10% of US audit team after failed retirement efforts

KPMG has announced to cut about 10% of its US audit partners after earlier efforts to encourage voluntary retirements did not deliver the expected results, according to a Financial Times report. The decision was shared during an internal meeting, where employees were told that the size of the audit partnership had grown larger than needed...

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22 militants killed in northwest Pak clashes after army firefight near Afghan border

Pakistan’s military said on Friday that security forces killed 22 alleged militants during clashes in the country’s northwest earlier this week, while a 10-year-old child also died in the exchange of fire near the Afghan border.According to a statement issued by the military’s media wing, “a joint military operation was conducted by security forces and...

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After Iran war, can US defend Taiwan from China? Missile stockpile crunch in focus

The United States has consumed large quantities of advanced missiles and interceptors during its military campaign against Iran, triggering internal concern that a prolonged drawdown could complicate Washington’s ability to respond quickly to a future crisis involving China and Taiwan, according to multiple US officials and new strategic assessments.The issue has emerged as one of...

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Passport row: Gauhati HC rejects Congress leader Pawan Khera’s anticipatory bail plea

Pawan Khera NEW DELHI: The Gauhati high court on Friday rejected Congress leader Pawan Khera’s anticipatory bail plea in a case filed by Riniki Bhuyan Sharma, wife of Assam chief minister Himanta Biswa Sarma.The FIR stems from Khera’s allegations that Sharma held multiple foreign passports and undisclosed overseas assets. During the previous hearing, Khera’s counsel,...

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