Wix is cutting roughly 1,000 jobs, around 20% of its workforce, after warning that artificial intelligence is rapidly changing how work is done and forcing the company to become a “faster, leaner and flatter” organization. The website-building company said it must adapt to AI-native ways of working as technology reshapes the software industry. The announcement…
On the surface, Spain enters the second half of this year as one of Europe’s best-performing economies, most visible in the pace of tourist activity across its major cities. Last year, Spain welcomed 96.8 million tourists: an all-time high. In the first two months of 2026, nearly 10.7 million people visited the country, a 2%…
Finding the typeface you need is a whole thing. You’ll know it when you see it is one approach. Look at a lot of choices. Make sure to save ones that you think are really nice, even if they aren’t the winner this time. On my local machine, I use an app called Typeface. I…
Hollywood’s top executives received $746 million in compensation during 2025 while more than 17,000 media jobs were eliminated across television, film, news and streaming. The stark contrast is adding to concerns that the industry’s drive for profitability, efficiency and technological change is shrinking opportunities for workers even as rewards at the top continue to grow….
“Go paperless, save trees” has become one of the most familiar environmental messages of the digital era. Jonathan Tame says slogans like this can be damaging to the print and paper industries. As managing director of Two Sides, Tame has spent years pushing back against misleading claims around print sustainability. While digital alternatives are often…
Banco Central do Brasil (BCB) has banned fintech and payment providers from settling overseas payments in stablecoins or crypto. With Resolution 561, the BCB is implementing new rules regarding its electronic foreign exchange (eFX) policy, which governs how payment institutions and e-money issuers provide cross-border services. Its immediate effects, when the new rules go into…
This is the seventh of seven lessons from Ladina that we are publishing each day leading up to our World News Media Congress. Her first six covered: Lesson #1 Building products is trivial. Running them isn’t. Lesson #2 The living policy. Why AI guidelines are never finished. Lesson #3 Forget the AI mandate. Start with the Time Wasters….
Deutsche Bank and Barclays are among the European banks most exposed to a potential private credit downturn, according to new analysis that is raising fresh concerns about lending conditions as businesses already face higher borrowing costs. New analysis from Bloomberg Intelligence found that four banks — Deutsche Bank, Barclays, BNP Paribas and HSBC — account…
For decades, Taiwan’s passport didn’t say “Taiwan” at all. It said something else: the Republic of China. But if Taiwan has called itself China, who gets to be the “real” China? This video traces the evolution of Taiwan’s identity through one simple object: its passport. From the booting of the Republic of China from the…
Lock in today’s painful prices, or bet that volatility breaks your way? CFOs are being forced to choose. Commodity hedging is no longer a technical exercise buried in the treasury function. As price volatility spreads across energy, metals, and agricultural commodities, CFOs are forced to make explicit, high-stakes bets about the future — locking in…