Corporate Restructuring Moves
Ericsson posts strong Q2 profit while British American Tobacco cuts 9,000 jobs and Ghana completes its sovereign debt restructuring process.
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- MARKETPatreon cuts 20% of workforce as tech restructuring wave intensifies
The creator-economy platform joins a growing list of tech firms trimming headcount to fund AI investments and streamline operations amid slowing growth.
Naftemporiki - DATAHellenic Halyvourgia cuts debt and boosts profit on energy autonomy push
Greek steelmaker advances renewable investments via Sunsteel SA, signaling a strategic pivot toward energy independence amid broader industrial restructuring.
Ft Companies - MARKETSantander profits weighed by TSB restructuring costs
The Spanish lender's recent earnings growth faces headwinds from ongoing integration expenses at its UK subsidiary.
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- MARKETUS credit-card debt falls to $1.25 trillion as consumers pay down balances
Household leverage eases for the first time in months, signaling a shift in consumer spending behavior despite persistent inflation pressures.
SABC News - Business - DATACOSATU vows to block African Bank retrenchments as SARB rate hike looms
Union opposition to job cuts at African Bank adds labor friction to a South African economy already bracing for tighter monetary policy next week.
SABC News - Business - DATAEricsson Q2 profit beats on strong global telecom orders
The Swedish equipment maker reported adjusted operating profit of SEK 6.52 billion, driven by demand outside North America.
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- MARKETGhana completes sovereign debt restructuring with final SADEREA note exchange
The successful swap of the remaining SADEREA Notes marks the end of the restructuring process, following the earlier settlement of a $700 million Eurobond.
3News (TV3 / Media General) - MARKETGhana completes sovereign debt restructuring with final SADEREA note exchange
The successful swap of the remaining SADEREA Notes marks the end of the restructuring process, following the earlier settlement of a $700 million Eurobond.
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- MARKETBritish American Tobacco slashes 9,000 jobs in sweeping global restructuring
The UK tobacco giant is eliminating roughly 20% of its workforce to drive down costs, escalating a multi-year transformation amid regulatory headwinds.
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