A coalition of 24 U.S. states has filed a lawsuit against President Donald Trump seeking to block a new 10% global tariff on imports, arguing he lacks the legal authority to impose the measure. The states claim the administration is improperly using Section 122 of the Trade Act of 1974, which allows temporary tariffs to…

Amazon is laying off staff across its robotics unit. At least ?100 white-collar roles are affected. “We regularly review ?our organizations to make sure teams are best set up ?to innovate and deliver for our customers,” Amazon said.

Global luxury and mass-market brands have closed stores and scaled back operations across the Middle East as escalating conflict between the U.S., Israel, and Iran disrupts business, travel and consumer activity in the region. Luxury groups including Kering have temporarily shut stores in the UAE, Kuwait, Bahrain and Qatar, while Chalhoub Group closed outlets in…

The world’s largest maritime insurance mutuals will withdraw war-risk insurance for ships entering the Persian Gulf from March 5, escalating pressure on global shipping as conflict in the region intensifies. Seven members of the International Group of Protection and Indemnity (P&I) Clubs – which insure about 90% of global ocean-going tonnage – will automatically terminate…

eBay is laying off about 800 employees, or 6% of its workforce, as the e-commerce group restructures to align with its “strategic priorities.” The cuts, which affect roles across the company, follow a review of operating needs, duplication and future focus areas. eBay had around 12,300 employees at the end of 2025. The move comes…

Large corporations are increasingly avoiding the term “pilot” when discussing artificial intelligence (AI) initiatives, as the word has come to signal stalled progress rather than innovation. While companies continue to promote their AI ambitions, references to “pilots” on earnings calls fell about 18% in the fourth quarter of 2025 compared with the prior quarter, according…