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Booker agrees to record $145 mn extension with Suns: reports
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Sabalenka criticises Anisimova behaviour after shock Wimbledon exit
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Russia and US hold 'frank' talks on Ukraine war
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Swiatek swats Bencic aside to reach Wimbledon final against Anisimova
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Root's 99 not out keeps India at bay in third Test
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Delta offers upbeat outlook on travel demand, lifting shares
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Sara Netanyahu: the ever-present wife of Israel's prime minister
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Italy can hurt rampant Spain, says coach Soncin
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Djokovic faces Sinner in Wimbledon blockbuster as Alcaraz meets Fritz
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Rebooted and 'vulnerable': Superman is back on screens
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Sri Lanka steamroll Bangladesh to win first T20
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Swiatek routs Bencic to reach first Wimbledon final
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Anisimova shocks Sabalenka to reach Wimbledon final, Swiatek in action
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Europe court says S.African Semenya's gender eligibility trial wasn't fair
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Ten rescued after deadly Huthi ship sinking off Yemen
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Scrutiny over Texas flood response mounts as death toll hits 120
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Rami Al Ali becomes first Syrian in Paris fashion programme
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London stocks hit record high on tariff optimism
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Ireland's Healy pulls off solo win at Tour de France
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French appeals court clears two over first lady gender rumours
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French appeals court court clears two over first lady gender rumours
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Barry Callebaut cuts outlook as chocolate sales volumes melt away
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The $10 mn bag: Original Birkin smashes records at Paris auction
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Anisimova stuns Sabalenka to reach Wimbledon final
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Root leads England revival after Reddy's double strike for India
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Snap, crackle and pay: Ferrero to buy WK Kellogg for $3.1 bn
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Shein faces 150-mn-euro fine in France
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Rubio says Asia might get 'better' tariffs than others
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India wicketkeeper Pant leaves field injured in third Test
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Russia says holds 'frank exchange' with US on Ukraine war
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Tendulkar says 'life has come full circle' with Lord's portrait
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Wall Street stocks stall, London hits record high
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Duplantis unfazed by late world champs in Tokyo
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Europe court says S.African athlete's gender eligibility trial wasn't fair
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Dzeko, 39, returns to Serie A with Fiorentina
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Scrutiny over Texas flood response mounts as death toll tops 120
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Iran threats in UK 'significantly increased': Intel watchdog
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Volkswagen halts electric minivan exports to the United States
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EU chief von der Leyen comfortably survives confidence vote
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India's Reddy strikes twice to rock England
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EU opens new probe into TikTok data transfer to China
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Italy probes UK online bank Revolut for 'misleading' clients
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Arsenal sign midfielder Norgaard from Brentford
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Explosions, fires rock Kyiv in deadly Russian barrage
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Fatigued Afghan taxi drivers take novel approach to AC
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Rubio meets Russia's Lavrov at ASEAN talks
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Stocks rise on tariff optimism, London hits record high
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Hamas says Israeli troops sticking point in truce talks as Gaza pounded
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EU chief von der Leyen survives confidence vote by large margin
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Europe court says S.African athlete's trial wasn't fair in gender testing case

AI and digitalisation to eliminate 9,000 jobs at Intesa Sanpaolo
Italy's leading bank, Intesa Sanpaolo, has reached a deal with trade unions for 9,000 voluntary job cuts -- around 10 percent of its workforce -- due to the expansion of artificial intelligence (AI) and digitalisation.
At the same time, the bank plans to hire by mid-2028 some 3,500 young new employees to work in wealth management, it said in a statement late on Wednesday.
The plan "aims at enabling generational change at no social cost" and the "further strengthening of future sustainability of the Group's results... with a resilient business model in the digitalisation and artificial intelligence scenario", Intesa Sanpaolo said.
The changes should lead to 500 million euros ($540 million) of savings annually on staff costs from 2028.
Some 7,000 of the job cuts are to fall in Italy and the rest in international units.
The bank said it would take a 350-million-euro charge against fourth quarter earnings to finance the departures but that the provisions would not affect its guidance for a net profit above 8.5 billion euros in 2024.
Intesa Sanpaolo shares were flat in midday trading in Milan.
M.Fischer--AMWN