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Tehran in Turmoil as Residents Flee Following Trump’s Urgent Warning

The streets of Tehran are rapidly emptying as residents heed an urgent warning from U.S. President Donald Trump, who called for the immediate evacuation  of the Iranian capital amid escalating tensions between Iran and Israel.  Trump’s statement, posted on his Truth Social platform, emphasized that “Iran cannot have a nuclear weapon” and urged the city’s nearly 10 million residents to leave before it was “too late”. His remarks came as Israel intensified its airstrikes on Tehran, targeting key infrastructure and military sites.  Reports indicate that major roads leading out of Tehran are clogged with traffic, as families scramble to find safety. The city’s historic Grand Bazaar has shut down, an unusual move that underscores the severity of the situation. Meanwhile, Iranian authorities insist that “everything is under control” , though no official evacuation order has been issued.  The international community is closely monitoring the crisis, with leaders of the Gro...
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BCE Slashes 9% of Workforce in Largest Restructuring in Decades

 

BCE Inc., Canada’s largest telecommunications firm, has announced a significant workforce restructuring, marking its most substantial effort in nearly three decades. The Quebec-based company plans to reduce its staff by approximately 4,800 positions in 2024, which amounts to about 9% of its total workforce. This move is aimed at aligning the cost structure with revenue potential across various business segments.

In addition to the workforce reduction, BCE expects to achieve in-year cost savings ranging from C$150 million to C$200 million (approximately $111 million to $148 million). Notably, the company has also made a 3.1% dividend increase, a departure from its usual 5% increase, signaling a strategic shift.

The telecom giant’s quarterly earnings report revealed adjusted earnings per share of C$0.76, surpassing the average analyst estimate of C$0.73. BCE’s decision reflects a proactive approach to adapt to changing market dynamics and optimize its operations.

This restructuring underscores BCE’s commitment to maintaining financial resilience while navigating industry challenges. As the company streamlines its workforce, it aims to position itself for sustained growth and efficiency in the ever-evolving telecommunications landscape.

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