Lloyds Banking Group is hiring hundreds of IT engineers in India while cutting similar jobs in the UK, aiming to have almost half of its engineers based outside the UK by the year-end. The bank plans to have 4,000 tech employees in India by the end of the year, with roles in Hyderabad including full-stack and cloud engineers. This move comes as part of Lloyds’ digital transformation journey to boost returns and reduce costs amid plans to cut 500 jobs, close offices, and branches in the UK.
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Alpha Metallurgical Cuts Costs in Q2
Alpha Metallurgical Resources (NYSE:AMR) reported second quarter 2025 results with an adjusted EBITDA of $46.1 million from 3.9 million tons shipped, achieving a $10 per ton reduction in coal sales costs. The company improved liquidity to $557 million, restarted its share buyback program, and lowered its cost guidance, highlighting operational efficiency amidst declining met coal prices. Want More Context? 🔎
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