Microsoft Cuts 4,800 Jobs as Xbox Unit Undergoes Major Restructuring

Microsoft Cuts 4,800 Jobs as Xbox Unit Undergoes Major Restructuring
Microsoft Cuts 4,800 Jobs as Xbox Unit Undergoes Major Restructuring
July 06, 2026  |  Personnel

Microsoft is eliminating 4,800 positions, representing approximately 2.1% of its global workforce, as the software giant navigates a broader shift toward artificial intelligence (AI) and...

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Europe’s Central Bank Suffers 2 Payments Outages in 1 Week
Europe’s Central Bank Suffers 2 Payments Outages in 1 Week
July 06, 2026  |  Banking

The European Central Bank’s payment system has experienced two outages in one week. Get the Full Story Complete the form to unlock this article and enjoy...

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Rent Payments Push Credit Scores Into a New Era
Rent Payments Push Credit Scores Into a New Era
July 06, 2026  |  Consumer Finance

Loan repayment histories, credit card balances and outstanding obligations have traditionally shaped most underwriting decisions. That approach is beginning to widen as lenders search for...

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AI Giants Pour Billions Into Enterprise Deployment
AI Giants Pour Billions Into Enterprise Deployment
July 06, 2026  |  Artificial Intelligence

The money for artificial intelligence companies is in enterprise, but the challenge isn’t building the model. It’s getting it to work inside a company that...

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Russia’s Biggest Bank Aims to Enter the Crypto Space
Russia’s Biggest Bank Aims to Enter the Crypto Space
July 06, 2026  |  Cryptocurrency

Russia’s biggest bank reportedly plans to offer a crypto wallet and digital depository this year. Get the Full Story Complete the form to unlock this...

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Ripple Wins Crypto Service Provider License in EU
Ripple Wins Crypto Service Provider License in EU
July 06, 2026  |  Cryptocurrency

Blockchain finance company Ripple said it is now fully compliant with Europe’s crypto regulations. Get the Full Story Complete the form to unlock this article...

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Human-Like AI Services Face Greater Restrictions in China
Human-Like AI Services Face Greater Restrictions in China
July 06, 2026  |  Artificial Intelligence

China reportedly plans to crack down on artificial intelligence (AI) chatbots that can simulate human emotions. Get the Full Story Complete the form to unlock...

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Corporate Cash Is Global in Theory, Trapped in Practice
Corporate Cash Is Global in Theory, Trapped in Practice
July 06, 2026  |  B2B Payments

Cash visibility is largely a solved problem, at least for finance teams on the cutting edge. Get the Full Story Complete the form to unlock...

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Klarna Seeks Green Light to Become a US-Chartered Bank
Klarna Seeks Green Light to Become a US-Chartered Bank
July 06, 2026  |  Banking

Klarna has become the latest FinTech aiming to become a regulated U.S. bank. Get the Full Story Complete the form to unlock this article and enjoy...

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