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Walgreens cuts hundreds of jobs following private equity takeover
Walgreens is cutting hundreds of jobs across the U.S. as its new private equity owner, Sycamore Partners, moves to reduce costs and restructure the struggling pharmacy chain. The company is eliminating 469 roles in Illinois, where it is headquartered, and a further 159 positions in Texas, linked to the closure of a distribution center. Walgreens…
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Coca-Cola bottler sued over employee event that excluded men
The U.S. Equal Employment Opportunity Commission has sued Coca-Cola Beverages Northeast, a bottler and distributor of Coca-Cola. The agency accuses the company of sex discrimination with regard to an employee networking event that excluded men. The lawsuit, the first over workplace diversity programs since President Donald Trump took office, says the bottler violated federal law…
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Zuckerberg defends Meta in landmark social media addiction trial
Meta Platforms CEO Mark Zuckerberg repeatedly said during a landmark Los Angeles trial over youth social media addiction that the Facebook and Instagram operator does not allow children under 13 on its platforms. Zuckerberg maintained that lawyers were “mischaracterising” communications in multiple internal documents which suggested they were a key demographic. Mark Lanier, a lawyer…
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U.S. bank CEOs earned $258m in 2025
CEOs at six of the largest U.S. banks earned a combined $258m in 2025, up 21% year on year, as strong economic conditions and Wall Street activity boosted results. Leaders of JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo each received $40m or more. Morgan Stanley’s Ted Pick and Wells…
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U.S. airlines required to certify merit-based pilot hiring practices
The Federal Aviation Administration (FAA) has mandated that all U.S. airlines must confirm they are hiring pilots based solely on merit, in response to allegations of discrimination based on race and gender. Transportation Secretary Sean Duffy said that the directive aims to ensure that “pilot hiring is exclusively merit-based to fulfil its duty to provide…
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Mexican inflation accelerates in January following new taxes
Inflation in Mexico sped up in January as the new year saw new taxes launched by the government on products deemed unhealthy, including soda, cigarettes and video games, alongside an increased minimum wage and new tariffs on China and other mainly Asian countries that the Central American nation does not have a free trade agreement…
