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Loblaw investigates customer data breach
Loblaw is investigating a data breach after detecting suspicious activity on a contained, non-critical part of its IT network. The Canadian retailer said a third party accessed limited customer information, including names, phone numbers and email addresses, but passwords, health data and credit card details were not compromised. Loblaw has notified affected customers, logged users…
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Nissan replaces CFO amid ongoing turnaround efforts
Nissan has announced that chief financial officer Jérémie Papin will step down for personal reasons, with long-time company executive George Leondis set to take over the role from April 1st. Papin will remain at the company until mid-May to support the completion of the fiscal year. Leondis, who joined Nissan in 2004 and most recently…
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CFOs face growing responsibility to ensure AI accountability in finance
As artificial intelligence (AI) becomes embedded in financial workflows, chief financial officers are increasingly responsible for ensuring the integrity, transparency and auditability of AI-driven decisions, according to a new analysis. While AI can improve forecasting, automation and efficiency, finance leaders must ensure systems are explainable, governed by strong data controls and compliant with accounting standards,…
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U.S. states sue President Trump over new global tariff plan
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…
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Amazon cuts jobs in robotics unit
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.
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Global retailers shut Middle East stores as conflict disrupts luxury hub
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…
