Procter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, in the next two years as the maker of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who have grown anxious about the economy.
The job cuts, announced at the Deutsche Bank consumer conference in Paris on Thursday, make up about 15% of its current non-manufacturing workforce, said chief financial officer Andre Schulten.
“This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten said. “It does not, however, remove the near-term challenges that we currently face.”
Procter & Gamble to cut up to 7,000 jobs amid economic and tariff pressure
Hegseth could be ‘on the hook’ for hundreds of millions on Qatari jet, says Raskin
The top Democrat on the House Judiciary Committee has warned Defense Secretary Pete Hegseth that he could be “on the hook” for hundreds of millions of dollars for having accepted a luxury jet from the Qatari government.
In a letter sent Wednesday, Rep. Jamie Raskin (D-Md.) argued that Hegseth’s formal acceptance of the Boeing 747 jetliner last month — a move made so the Air Force can upgrade its security measures so it may eventually be used as Air Force One — violates the Constitution Emoluments Clause. The rule bars federal officials from accepting financial benefits from foreign governments without congressional approval.
“I write now to urge and advise you to promptly mitigate these violations—and your own personal legal exposure—by either returning the plane to the Qatari government or promptly seeking Congress’s consent to accept it,” Raskin wrote.
The Pentagon announced on May 21 it officially accepted the 13-year-old luxury jet previously used by the Qatari royal family, a supposed “free,” gift that could be used to supplement the aging Air Force One fleet, according to President Trump.
Supreme Court lets Trump revoke safe-haven program for Cubans, Haitians, Venezuelans and Nicaraguans
The Supreme Court on May 30 said the Trump administration can revoke for now the temporary legal status of hundreds of thousands of Cubans, Haitians, Nicaraguans and Venezuelans living in the United States.
Two of the court’s three liberal justices – Ketanji Brown Jackson and Sonia Sotomayor – dissented.
Jackson wrote that the court "plainly botched" its assessment of whether the government or the 532,000 migrants would suffer the greater harm if their legal status ends while the administration's mass termination of that status is being litigated.
Jackson said the majority undervalued "the devastating consequences of allowing the Government to precipitously upend the lives and livelihoods of nearly half a million noncitizens while their legal claims are pending."
Russia accuses ally Serbia of betrayal for supplying arms to Ukraine
Russia on Thursday accused Serbia of exporting arms to Ukraine, saying it’s a stab in the back by its longtime Slavic Balkan ally.
“Serbian defense enterprises, contrary to the ‘neutrality’ declared by official Belgrade, continue to supply ammunition to Kyiv,” the Russian Foreign Intelligence Service, SVR, said in a statement.
The statement alleged that the export of the Serbian arms to Ukraine are going through NATO intermediaries, “primarily the Czech Republic, Poland and Bulgaria. Recently, exotic options involving African states have also been used for this purpose.”
Serbia's populist President Aleksandar Vucic told the state RTS television that he has recently discussed the issue of the arm exports to Ukraine with Russian President Vladimir Putin and that it was agreed that the two countries form a “working group” to establish how Serbian-made weapons reach the Ukrainian frontlines.
CFTC leaders exit as Trump pick prepares to take helm
In a series of departures announced in a matter of weeks, the agency’s entire top rung is set to turn over as Brian Quintenz, President Trump’s nominee for CFTC chair, prepares to take the reins.
Commissioners Summer Mersinger and Christy Goldsmith Romero both plan to depart by the end of the week, while fellow Commissioner Kristin Johnson has said she will leave “later this year.”
Acting CFTC Chair Caroline Pham has promised to remain at the agency until Quintenz is confirmed, at which time she too will depart. The commission, which typically has five members, has been short one person since former Chair Rostin Behnam stepped down in January.
The relatively low-profile agency is expected to play a key role in regulating the digital asset market alongside the Securities and Exchange Commission (SEC).
Five skiers found dead in mountains near Swiss luxury resort
The bodies of five skiers have been found in the mountains near Switzerland’s luxury resort of Zermatt, police said.
A helicopter was sent to survey the area around the Rimpfischhorn after climbers alerted authorities to abandoned skis near the summit on Saturday.
“The bodies of five people were quickly found,” Swiss police said, adding that authorities had opened an investigation and were working on identifying the victims.
The Rimpfischhorn is a 4,199-metre (13,776-foot) mountain that lies east of Zermatt, near the Italian border, and is popular with backcountry skiers.
The aviation firm Air Zermatt said it flew a rescue mission to the site on Saturday afternoon where it found the bodies of the victims.
George Floyd’s legacy under siege as racial justice efforts lose ground, memorials removed
“He would call me and say, ‘What's up, auntie? Just calling to check on you,’ ” Harrelson said. “And it made me feel so good.”
Harrelson affectionately refers to her nephew by his middle name, Perry, but the world knows him as George Floyd.
In 2020, millions watched in horror as former Minneapolis police officer Derek Chauvin pinned Floyd beneath his knee for 9 minutes and 29 seconds. The murder sparked a massive outpouring of grief and anger as protesters took to the streets with handcrafted signs echoing some of his last words, "I can't breathe." Amid violent clashes with police, they pressed on. Artists adorned their cities with his image, a sign of resolve and the impact of his death.
The intersection where Floyd took his last breaths was transformed from a gas station and corner store into a living memorial. Now that the chaos and media frenzy have settled, Harrelson visits the area − known as George Floyd Square − several times a week.
Crypto investor in New York charged in kidnapping and torture plot
A cryptocurrency investor was arraigned in Manhattan criminal court on Saturday morning and charged with kidnapping an Italian man and then beating and torturing him for several weeks, allegedly to extract cryptocurrency passwords.
The 37-year-old crypto investor, John Woeltz, was arrested on Friday after allegedly torturing the man in a swanky home in the upscale Manhattan neighborhood of Soho. The victim reportedly escaped the five-story home on Friday and sought help from the police, who later arrested Woeltz.
Mahmoud Khalil blocked from holding son for first time by Ice, lawyers say
Mahmoud Khalil, the detained Columbia University graduate and Palestinian activist, was not allowed to hold his newborn son after Immigration and Customs Enforcement (Ice) officials refused to allow a contact visit between him and his family, his lawyers said on Wednesday.
Instead, Khalil, 30, was forced to meet his month-old baby for the first time behind glass, after his wife, Noor Abdalla, traveled from New York to the Louisiana detention facility where he has been detained since March, his legal team said.
Ice officials and a private prison contractor denied the family’s request for a contact visit, citing the detention center’s no-contact visitation policy and unspecified “security concerns”, lawyers said.
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