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Malaysia Tightens Rules For Foreign Workers
menafn10d ago

Malaysia Tightens Rules For Foreign Workers

(MENAFN - Pajhwok Afghan News) KABUL (Pajhwok): The Malaysian government has announced stricter regulations for foreign workers to reduce reliance on overseas labor and boost domestic ...

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Morgan Stanley's Bitcoin ETF Gets Official Listing Announcement By NYSE: Analyst Says This 'Typically' Means Launch Imminent
benzinga10d ago

Morgan Stanley's Bitcoin ETF Gets Official Listing Announcement By NYSE: Analyst Says This 'Typically' Means Launch Imminent

NYSE Arca greenlit Morgan Stanley’s (NYSE: MS ) application on Wednesday to list shares of a spot Bitcoin (CRYPTO: BTC ) exchange-traded fund. Another Bitcoin ETF On Wall Street The exchange certified its approval for the “listing and registration” of Morgan Stanley Bitcoin Trust under the ticker MSBT, according to the latest SEC filing. Bloomberg senior ETF analyst Eric Balchunas predicted an “imminent” launch following the listing announcement. Morgan Stanley Bitcoin ETF $MSBT got an official listing announcement from NYSE, that typically means launch imminent.. pic.twitter.com/SDDVyAGfpJ — Eric Balchunas (@EricBalchunas) March 25, 2026 Details About The New Product Morgan Stanley filed an amended S-1 filing ... Full story available on Benzinga.com

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Gorakhpur gets 71st STPI Centre to boost UP's digital ecosystem
newsable_asianetnews10d ago

Gorakhpur gets 71st STPI Centre to boost UP's digital ecosystem

Uttar Pradesh CM Yogi Adityanath is set to inaugurate the 71st STPI Centre in Gorakhpur to boost the state's digital and startup ecosystem. The facility aims to support innovators and IT firms, fostering growth, innovation, and job creation.

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Wall Street yo-yoing because of war in Iran
theintermountain10d ago

Wall Street yo-yoing because of war in Iran

NEW YORK (AP) — Hopes for a possible end to the war with Iran pushed stocks higher on Wall Street Wednesday, while oil prices eased. The S&P 500 rose 0.5% in its latest flip-flop after the United States delivered a plan to pause the war to Iran. The Dow Jones Industrial Average added 305 points, [...]

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Meta Lays Off 700 Employees Hours After Rolling Out Stock Rewards For Leaders
abplive10d ago

Meta Lays Off 700 Employees Hours After Rolling Out Stock Rewards For Leaders

<p>Adding to the layoffs wave, Meta has let go of around 700 employees even as it rolled out fresh stock incentives for its top executives just hours earlier.</p> <p>The timing of the decisions has sparked debate, particularly as the company continues to reposition itself around artificial intelligence (AI) while scaling back other bets.</p> <h2><strong>Layoffs Hit Multiple Teams</strong></h2> <p>According to a report by The New York Times, the latest round of job cuts has affected employees across several divisions, including Reality Labs, recruiting, sales and Facebook teams.</p> <p>Reality Labs, Meta’s unit focused on virtual reality and metaverse technologies, has been among the hardest hit. The division, which has reportedly incurred losses of over $80 billion, has now seen layoffs for the second time this year. Earlier in January, the company had cut around 1,000 roles in the same unit.</p> <p>Some employees impacted in the latest round are being offered alternative roles within the company, though these may involve relocation.</p> <p>A Meta spokesperson said, “Teams across Meta regularly restructure or implement changes to ensure they’re in the best position to achieve their goals.”</p> <h2><strong>More Job Cuts Ahead?</strong></h2> <p>The latest cuts may not be the end of the downsizing cycle. Previous reports have suggested that Meta could be planning to reduce as many as 15,000 jobs globally as part of a broader restructuring exercise.</p> <p>The move reflects a wider shift in priorities, with the company reassessing investments in areas such as the metaverse while focusing more heavily on emerging technologies.</p> <h2><strong>Senior Executives Get More Payouts</strong></h2> <p>Even as workforce reductions continue, Meta has introduced a new stock option programme aimed at its senior leadership.</p> <p>Announced a day before the layoffs, the scheme could increase compensation for top executives by up to $921 million (roughly Rs 8,660 crore) each over the next five years. The payouts are tied to an ambitious target of the company reaching a $9 trillion market capitalisation by 2031. Meta is currently valued at about $1.5 trillion.</p> <p>The company has said that the incentive plan is designed to retain leadership talent and support long-term growth, particularly as competition intensifies in the AI space. Notably, CEO Mark Zuckerberg is not part of this stock award programme.</p> <h2><strong>From Metaverse to AI</strong></h2> <p>Meta’s recent actions highlight a clear pivot in its strategic direction. The company has been scaling back its metaverse ambitions, including halting further development in certain virtual reality initiatives.</p> <p>At the same time, it is aggressively investing in artificial intelligence. Meta has acquired firms such as Moltbook and Manus AI to strengthen its capabilities in agentic AI. It has also brought in senior talent from competing firms, including former Google executives associated with the AI startup Dreamer.</p> <h2><strong>Rising Costs and Delayed AI Rollout</strong></h2> <p>The shift towards AI comes with significant financial commitments. Meta has projected spending between $162 billion and $169 billion in 2026, largely directed towards AI infrastructure, including the development of new data centres.</p> <p>However, the transition has not been without challenges. The company has reportedly delayed the release of its upcoming AI model, Avocado, developed by Meta Superintelligence Labs (MSL), after it failed to meet internal performance benchmarks.</p> <p>MSL is led by Alexandr Wang, who joined Meta following the company’s $14.5 billion acquisition of his startup, Scale AI.</p>

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