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Barclays is cutting five thousand jobs by the end of two thousand twenty six, and the bank's chief executive is pointing directly at artificial intelligence as the driver. He called AI the icing on the cake of broader efficiency gains, a phrase that will ring hollow for the roughly five percent of the global workforce now facing redundancy.
Turning to a legal battle that's been running for years, Fortnite is back on Apple's App Store in Australia after a federal court ordered the company to open its iOS ecosystem to competition. It's a significant ruling, and one that Apple's rivals and regulators in other jurisdictions will be watching very closely indeed.
And in the markets, Asian stocks fell sharply today, with technology shares leading regional losses. Bitcoin also retreated as China's markets entered bear market territory. Mixed earnings from American companies added to the unease, while Brent crude climbing above one hundred twelve dollars a barrel gave investors yet another reason for caution.
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