International Business News

What Was The 1997 Incident That Decided Bill Gates' Life Post-Retirement? Billionaire Shares His Story

What Was The 1997 Incident That Decided Bill Gates' Life Post-Retirement? Billionaire Shares His Story

During a conversation with comedian Trevor Noah on his podcast, titled ‘What Now? With Trevor Noah,’ Gates shared the 1997 incident.

Feb 12, 2024, 11:28 AM IST
IMF Says Asia On Track To Again Deliver Two-Thirds To Global Growth In 2024

IMF Says Asia On Track To Again Deliver Two-Thirds To Global Growth In 2024

For 2023, IMF has estimated growth at 4.7 percent, compared to its 4.6 percent projection it had made in October.

Feb 02, 2024, 09:23 AM IST
US Fed Leaves Policy Rate Unchanged For Fourth Straight Time

US Fed Leaves Policy Rate Unchanged For Fourth Straight Time

The US monetary policy committee in its statement said that the recent indicators suggested that economic activity has been expanding at a solid pace.

Feb 01, 2024, 08:38 AM IST
iRobot To Fire 350 Employees As Deal With Amazon Is Killed

iRobot To Fire 350 Employees As Deal With Amazon Is Killed

Following the announcement of the deal termination, iRobot's shares experienced a 10 per cent decline.

Jan 31, 2024, 10:03 AM IST
India To Become 3rd Largest Economy With GDP Of USD 5 Trillion In 3 Years: Finance Ministry

India To Become 3rd Largest Economy With GDP Of USD 5 Trillion In 3 Years: Finance Ministry

Ten years ago, India was the 10th largest economy in the world, with a GDP of USD 1.9 trillion at current market prices.  

Jan 29, 2024, 17:44 PM IST
Evergrande Liquidation May Send Ripples Through China's Crumbling Financial Markets

Evergrande Liquidation May Send Ripples Through China's Crumbling Financial Markets

The liquidation ruling for the developer, which has $240 billion of assets, will likely jolt already fragile Chinese capital and property markets.

Jan 29, 2024, 09:11 AM IST
H&M Receives Major Flak For Sexualizing Young Girls In School Uniforms Ad; Removes Advertisement And Apologises

H&M Receives Major Flak For Sexualizing Young Girls In School Uniforms Ad; Removes Advertisement And Apologises

The H&M ad campaign caption, many internet users thought, was inappropriate representing school girls.

Jan 24, 2024, 14:27 PM IST
After Google, Amazon, Meta, Now eBay Laying Off 1000 Employees

After Google, Amazon, Meta, Now eBay Laying Off 1000 Employees

E-commerce giant eBay is cutting 1,000 jobs after massive hiring during Covid-19 pandemic. CEO Jamie Iannone cites organizational changes for improved customer experience. 

Jan 24, 2024, 11:35 AM IST
Layoffs Might Get Worse This Year, 98% Surge in US Layoffs Last Year Reports Claim

Layoffs Might Get Worse This Year, 98% Surge in US Layoffs Last Year Reports Claim

The report said, around 168,032 employees were laid off in 2023 with 73% increase from the last year. 

Jan 23, 2024, 13:46 PM IST
Wealth Of World's 5 Richest Men Swelled By $14 Million Per Hour: Oxfam

Wealth Of World's 5 Richest Men Swelled By $14 Million Per Hour: Oxfam

Releasing its annual inequality report on the first day of the World Economic Forum (WEF) Annual Meeting here, Oxfam said seven of 10 of the world's biggest corporations have a billionaire as a CEO,

Jan 16, 2024, 11:46 AM IST
Wealth Of 5 Richest Men Doubled Since 2020; Five Billion People Made Poorer: Oxfam Davos

Wealth Of 5 Richest Men Doubled Since 2020; Five Billion People Made Poorer: Oxfam Davos

Oxfam said seven of 10 of the world's biggest corporations have a billionaire as a CEO, or principal shareholder.

Jan 15, 2024, 15:37 PM IST
Global IT Firm Veeam Software Lays Off 300 Employees

Global IT Firm Veeam Software Lays Off 300 Employees

A global leader in data management Veeam Software has reportedly laid off 300 employees. The senior campaign account manager posted this information on LinkedIn. 

Jan 14, 2024, 19:41 PM IST
Rapido posts Rs 675 cr in losses in FY23, revenue up 3X

Rapido posts Rs 675 cr in losses in FY23, revenue up 3X

In FY23, Rapido, a bike-taxi startup, reported a 54% loss increase to Rs 675 crore.  

Jan 14, 2024, 19:01 PM IST
Meta Latest Company To Join Lays Off Spree; Cuts 60 Jobs

Meta Latest Company To Join Lays Off Spree; Cuts 60 Jobs

Insider sources reveal that Meta has let go of employees in TPM roles throughout the current week, prompting those affected to make crucial decisions. 

Jan 11, 2024, 18:42 PM IST
Amazon To Layoff Hundreds Of Employees In Prime Video, Studios Verticals

Amazon To Layoff Hundreds Of Employees In Prime Video, Studios Verticals

Amazon plans significant layoffs in Prime Video and MGM Studios in the U.S., aiming to refocus streaming investments.

Jan 11, 2024, 14:27 PM IST
Google Layoffs Spree Continues; Planning To Cut Hundreds Of Staff From This Division

Google Layoffs Spree Continues; Planning To Cut Hundreds Of Staff From This Division

The exact number of personnel that are being laid off is not disclosed yet. Google Assistant debuted in 2016 to compete with Amazon's Alexa and Apple's Siri.

Jan 11, 2024, 11:38 AM IST
 Live Game Streaming Platform Twitch To Lay Off 500 Employees

Live Game Streaming Platform Twitch To Lay Off 500 Employees

Twitch, Amazon's gaming platform, is cutting 35% of its workforce (about 500 employees) due to financial concerns, following service closures. 

Jan 10, 2024, 11:41 AM IST
Elon Musks Tesla Eyes Gujarat For Its First Manufacturing Plant In India

Elon Musks Tesla Eyes Gujarat For Its First Manufacturing Plant In India

Gujarat Health Minister and government spokesperson Rushikesh Patel expressed optimism about Elon Musk's investment in Gujarat.

Dec 29, 2023, 16:48 PM IST
Robotic Malfunction At Tesla's Texas Factory Leaves Engineer Profusely Bleeding: Reports

Robotic Malfunction At Tesla's Texas Factory Leaves Engineer Profusely Bleeding: Reports

Reports added that two witnesses watched in horror as the engineer was left to profused bleeding after the horrific attack in which the robot clamped its metal claws into his back and arm.

Dec 28, 2023, 11:03 AM IST
Elon Musk, A Diet Coke Addict, Is Not Impressed By Coffee’s Stimulant Effect

Elon Musk, A Diet Coke Addict, Is Not Impressed By Coffee’s Stimulant Effect

In a post on X, Elon Musk said that he likes the ritual and aesthetics that go into making coffee and has appreciated the art done on coffee while serving the drink.

Dec 27, 2023, 15:52 PM IST