DBS, the largest bank in Singapore, has announced plans to cut approximately 4,000 jobs over the next three years as it increases the adoption of artificial intelligence (AI) technologies. The move signals a significant shift in the banking sector, where automation and AI are set to take over tasks previously handled by human employees.

Spanish fashion giant Zara has shut down its flagship store in Mumbai's Fort area after eight years, leaving social media users stunned by its exorbitant rent of ₹3 crore per month. The store, located in a 119-year-old building, was one of Zara’s most prominent locations in India.

Unilever CEO Hein Schumacher is set to step down from his role as Chief Executive Officer and Director on March 1, 2025, with his official departure from the company slated for May 31, 2025. The multinational consumer goods giant announced on Tuesday, February 25, that Fernando Fernandez, the current Chief Financial Officer (CFO) and Executive Director, will succeed him as CEO starting March 21, 2025.