eBay plans to lay off about 1,000 employees, roughly 9% of its workforce, in its second round of cuts this year. CEO Jamie Iannone told staff the company's strategy is working, and its stock has been rising.
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Comcast reported third-quarter results, and co-CEOs Brian Roberts and Mike Cavanagh said they are taking "decisive steps" to strengthen the business. They pointed to better customer satisfaction and more customers converting free wireless lines to paid plans, while near-term connectivity results reflect ongoing investment.
The UK Treasury says government departments delivered £16 billion in efficiency savings last year, about 4.1% of day-to-day spending, beating their target. It credits AI and new technology with faster NHS diagnoses and more teaching time.
Anthropic opened a research preview of Claude Duet, an AI agent app for professionals and small-business owners. It sends a morning brief from a user's connected apps, finishes the tasks it's given and checks in before acting, putting it up against Meta's Muse and OpenAI's Dots.
In a keynote at the International Bankers Forum's 40th anniversary, the Bundesbank looked back on four decades of European financial integration. The speech made the case for stable banks alongside strong capital markets as Europe's financial system for the future.
