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Starbucks is laying off 300 U.S. corporate employees and shutting down several regional offices as CEO Brian Niccol pushes forward with a broader turnaround strategy aimed at cutting $2 billion in costs by 2028. The latest restructuring impacts roles across technology, marketing, finance, and R&D, while retail staff remain unaffected. The coffee giant will retain key offices in Seattle, New York, Toronto, Coral Gables, and its upcoming Nashville hub, as it continues streamlining operations and reshaping its corporate structure.
18/05/2026
BMW has unveiled the next-generation X5, introducing five powertrain options for the first time—including petrol, diesel, plug-in hybrid, all-electric, and an upcoming hydrogen variant. Built on Neue Klasse technologies, the new X5 also features a redesigned look, advanced digital features, and an electric range of up to 845 km for the iX5.
OMODA & JAECOO is showcasing how AI-powered humanoid robots and autonomous parking technologies could support the UAE’s smart city ambitions. Through its AiMOGA robotics platform and VPD self-parking system, the company is exploring future applications across airports, malls, public services, and urban mobility ecosystems.
Inditex, the owner of Zara, reported stronger sales growth in May, with revenue rising 11.5% despite higher costs and economic uncertainty linked to tensions in the Middle East. The fashion giant said its diversified supply chain has helped maintain operations, while all of its nearly 480 stores across the region remain open.
AWS has launched the Agentic Shopping Assistant, a new AI-powered solution that enables retailers to build their own conversational shopping experiences in as little as 60 days. Based on technology developed for Amazon’s AI shopping tools, the platform helps brands deliver personalized product recommendations, strengthen customer engagement, and maintain direct relationships with shoppers in the age of AI-driven commerce.
04/06/2026
