Italy's trucker protests halt buffalo mozzarella production, cost producers €3m
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A daily update on the latest business and economic news.
Italy's diesel-price protest halts buffalo mozzarella production, with producers estimating €3 million in losses in just 24 hours as milk fails to reach dairies and finished cheeses cannot reach customers. In banking, Barclays announced Thursday it would cut about 5,000 jobs - roughly 5% of its workforce - as it uses AI to reduce costs. This comes as Nvidia chief executive Jensen Huang urged “responsible optimism” on AI in Berlin, even as AI-exposed stocks slide.
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