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As of late October 2025, Target announced plans to cut about 8% of its global corporate workforce, roughly 1,800 jobs, mainly at its Minneapolis headquarters. The restructuring aims to simplify management layers and accelerate decision-making amid stagnant sales and competitive pressures. The cuts exclude store employees and come as Target prepares for a leadership transition in February 2026.
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US Thanksgiving food costs are volatile amid rising wholesale turkey prices due to avian flu, while consumer sentiment hits 40-year lows. Retailers and politicians present conflicting data on affordability, with some claiming prices are down, but wholesale costs and consumer worries suggest ongoing inflation pressures.
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High-end builder Berkeley faces short-term sales decline amid new luxury home taxes introduced in the November budget. Despite a 4% sales drop and 8% profit decline in H1 FY2026, analysts expect long-term resilience due to demand for quality projects and faster London housebuilding measures. Berkeley remains on track for its annual profit guidance.
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Despite ongoing conflicts, Israeli multinational tech companies are expanding their operations in Europe and maintaining strong investment levels at home. The sector's resilience underscores Israel's strategic focus on AI, cybersecurity, and R&D, even as diplomatic relations face challenges.
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Next reports a 5.9% rise in UK full-price sales for the nine weeks to December 27, with overseas sales up 38.3%. It now expects profits to reach a31.15bn for the year, but warns of slower growth in 2026-27 due to economic pressures and rising unemployment.
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Major consulting firms like McKinsey and BCG are integrating thousands of AI agents into their operations, transforming how they work and hire. Experts warn AI could displace large parts of the workforce but also offer productivity gains and new skills. The story highlights ongoing industry shifts and future implications.