Barclays is reportedly contemplating a sweeping overhaul that could yield savings of up to £1 billion ($1.25 billion) to enhance profitability. According to Reuters, this initiative may involve shedding as many as 2,000 jobs, primarily in the bank's back office.

Barclays unveils ambitious $1.25 billion restructuring plan, contemplating 2,000 job cuts

This year has not been kind to the global economy. The Ukraine war led to soaring global inflation, forcing central banks to hike interest rates to highs not seen in decades.

2024 Outlook: Slow growth, elevated inflation & geopolitical tensions to keep the world economy on its toes

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Turkey and turnaround: Thanksgiving's economic upswing As Thanksgiving 2023 approaches, the economic landscape in the United States is painting a complex picture, influencing both the cost of celebrations and travel plans.

Wion Business Wrap | OpenAI mystery deepens, India's stock boom & more

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. OpenAI confirms Sam Altman's return as CEO 'in principle' after days of boardroom battles Following a recent boardroom upheaval that had OpenAI in chaos over the last few days, former CEO Sam Altman is set to return to his position in the company.

Wion Business Wrap | Sam Altman's dramatic comeback, Binance's troubles & more

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Disney+ Hotstar smashes streaming records with 53 mn views during India-New Zealand match Indian streaming giant Disney+ Hotstar reached an unprecedented milestone on November 15 drawing a staggering 53 million concurrent viewers during the ICC ODI World Cup 2023 semi-final match between India and New Zealand.

Wion Business Wrap | Disney + Hotstar's record, RBI's warning & more

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. India's retail inflation hits four-month low in October, nearing RBI's target India's retail inflation experienced a downturn in October, reaching a four-month low and moving closer to the central bank's targeted 4 per cent, a level deemed necessary before considering interest rate reductions Read more here PRS Oberoi, pioneer of luxury hospitality, passes away at 94 Prithvi Raj Singh Oberoi, fondly known as PRS Oberoi and hailed as the doyen of Indian hospitality, passed away on Tuesday morning at the age of 94, leaving behind a legacy that transformed the landscape of luxury hotels in India and beyond.

Wion Business Wrap | China's economic woes, Argentinians opt for old clothes & more

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. IndiGo's expansion plans face hurdles amid Pratt & Whitney engine troubles India's largest airline, IndiGo, remains committed to its capacity growth projections for the year, even as it anticipates grounding of over 30 planes in the fourth quarter due to ongoing concerns with its Pratt & Whitney (P&W) engines.

Wion Business Wrap | Indigo's positive outlook, massive fall in wine output & more

Our past often determines our present circumstances. The ongoing turmoil in West Asia bears testimony to it. As the Israel-Hamas war continues, market watchers are worried about the conflict's cascading effect on oil prices and the global economy.

Flashback Friday: 50 years later, the impact of 1973 oil crisis continues to be felt

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. FTX founder Sam Bankman-Fried found guilty of defrauding customers FTX founder Sam Bankman-Fried has been found guilty on all charges, including defrauding customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record.

WION Business Wrap | Sam Bankman-Fried convicted, Amazon's algorithm trouble & more

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. US Federal Reserve keeps interest rates unchanged at 22-year high, says economy is ‘strong’ The United States Federal Reserve voted to keep the interest rate, which currently stands at a 22-year high, unchanged for a second straight meeting.

WION Business Wrap | Japan's package, India's digitisation ambitions & much more

India's Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, has announced the country's ambitious plans for digital transformation.

India aims to digitise 20 per cent of GDP by 2025-26: Rajeev Chandrasekhar 

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. WeWork nears bankruptcy amidst crushing debt and plummeting value The embattled flexible workspace provider, WeWork, is reportedly on the verge of filing for bankruptcy in the coming week.

WION Business Wrap | WeWork's woes, fall in US consumer confidence

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