International Business News

FIFA World Cup 2022 Qatar: Businesses, fans weigh costs and benefits of being in World Cup country

FIFA World Cup 2022 Qatar: Businesses, fans weigh costs and benefits of being in World Cup country

International media reports say that pricey hotel and alcohol options in Doha have left fans with no other option than to take shuttle flights from UAE.

Nov 26, 2022, 20:34 PM IST
Big blow to Chinese firms! US FCC bans communication and video surveillance technology from China -- Details Inside

Big blow to Chinese firms! US FCC bans communication and video surveillance technology from China -- Details Inside

The list (both equipment and services) currently includes communications equipment produced by Huawei Technologies, ZTE Corporation, Hytera Communications, Hangzhou Hikvision Digital Technology, and

Nov 26, 2022, 11:02 AM IST
Foxconn offers $1,400 to each new hire to leave China iPhone factory

Foxconn offers $1,400 to each new hire to leave China iPhone factory

The new hires at the world's largest iPhone factory will receive the money if they tender their resignation immediately, reports South China Morning Post.  

Nov 25, 2022, 09:32 AM IST
Tax-filing websites sending users' financial data to Facebook: Report

Tax-filing websites sending users' financial data to Facebook: Report

Users of the well-known service TaxAct, for example, are required to provide personal information in order to calculate their returns, such as their income and investment information.

Nov 24, 2022, 11:58 AM IST
Seven countries including Pakistan at high risk of currency crises

Seven countries including Pakistan at high risk of currency crises

The Japanese bank said that 22 of the 32 countries covered by its in-house "Damocles" warning system have seen their risk rise since its last update in May, with the largest increases in the Czech

Nov 24, 2022, 10:34 AM IST
Job cuts hit media firms amid economic slowdown, more layoffs coming

Job cuts hit media firms amid economic slowdown, more layoffs coming

According to Axios, more than 3,000 jobs have been cut till October this year in the media industry, and more are on the way.

Nov 24, 2022, 09:44 AM IST
Google's parent company Alphabet 'prepares' to lay off 10,000 employees

Google's parent company Alphabet 'prepares' to lay off 10,000 employees

Under the new system, managers have been asked to categorise 6 per cent of employees, or roughly 10,000 people, as low performers in terms of their impact for the business.

Nov 22, 2022, 15:12 PM IST
Amazon founder Jeff Bezos to give away majority of wealth for climate change, charitable cause: Report

Amazon founder Jeff Bezos to give away majority of wealth for climate change, charitable cause: Report

Jeff Bezos, who stepped down as CEO of Amazon in July 2021, owns slightly less than 10 per cent of the company's shares.

Nov 15, 2022, 07:34 AM IST
FTX Collapse: Unauthorized access confirmed, trade frozen, $477 million missing; What we know so far

FTX Collapse: Unauthorized access confirmed, trade frozen, $477 million missing; What we know so far

FTX had confirmed that there was an unauthorized access to its accounts. 

Nov 13, 2022, 15:04 PM IST
FTX Cryptocurrency Exchange collapse: From crash to bankruptcy, what we know so far?

FTX Cryptocurrency Exchange collapse: From crash to bankruptcy, what we know so far?

FTX's token FTT plunged 30% on Friday to $2.57, facing an 88% weekly loss.

Nov 12, 2022, 14:07 PM IST
‘Free Insulin’: Fake $8 Twitter verification cost $15 billion to THIS pharma company; Read FULL story here

‘Free Insulin’: Fake $8 Twitter verification cost $15 billion to THIS pharma company; Read FULL story here

Eli Lily is one among the top three global producers of insulin.

Nov 12, 2022, 10:50 AM IST
Elon Musk sells Tesla shares worth $19.3 billion since announcing Twitter takeover in April

Elon Musk sells Tesla shares worth $19.3 billion since announcing Twitter takeover in April

Elon Musk sold 19.5 million Tesla shares for $3.9 billion (pre-tax) between November 4 to November 8.

Nov 11, 2022, 20:26 PM IST
Twitter headed for bankruptcy? Elon Musk says THIS as more top executives resign

Twitter headed for bankruptcy? Elon Musk says THIS as more top executives resign

Top executives including CISO Lea Kissner, Twitter’s head of integrity and safety Yoel Roth, chief privacy officer Damien Kieran, chief compliance officer Marianne Fogarty have resigned recently

Nov 11, 2022, 09:42 AM IST
No Work from Home for Twitter employees! Elon Musk says, be in office for minimum 40 hours a week

No Work from Home for Twitter employees! Elon Musk says, be in office for minimum 40 hours a week

In March this year, then Twitter CEO Parag Agrawal had told employees that wherever you feel most productive and creative is "where you will work and that includes WFH full-time forever".

Nov 11, 2022, 08:01 AM IST
Pak government to implement 'interest-free' banking system by 2027

Pak government to implement 'interest-free' banking system by 2027

The announcement came with Finance Minister Dhar conveying the government's intention of withdrawing its appeals against the Federal Shariat Court's April decision of eliminating interest from the

Nov 10, 2022, 11:17 AM IST
Mark Zuckerberg led Meta begins MASSIVE lay off from today, largest of year to date in tech sector

Mark Zuckerberg led Meta begins MASSIVE lay off from today, largest of year to date in tech sector

The company is expected to cut thousands of employees beginning Wednesday, and this will likely be the largest of the year to date in the tech sector, the Wall Street Journal reported, citing people

Nov 09, 2022, 12:29 PM IST
Politics is war and truth is first casualty, says Elon Musk

Politics is war and truth is first casualty, says Elon Musk

Musk responded to Pranay Pathole who said Elon has always been a Democratic supporter but "the hate he has been receiving by the Democratic senators is awful".

Nov 09, 2022, 10:04 AM IST
Notebandi in US: Is America planning to demonetize dollar notes printed before 2021? Check this

Notebandi in US: Is America planning to demonetize dollar notes printed before 2021? Check this

Notebandi in US: WhatsApp forwards in India claimed that the demonetization decision was taken in a meeting held on November 2.

Nov 08, 2022, 12:14 PM IST
Musk tells Twitter followers to vote for Republicans in US midterms

Musk tells Twitter followers to vote for Republicans in US midterms

Triggering a political debate, Musk told independent-minded voters that shared power curbs the worst excesses of both parties.

Nov 08, 2022, 08:07 AM IST
Massive job cut: Mark Zuckerberg-led Meta plans to FIRE thousands of employees this week: Report

Massive job cut: Mark Zuckerberg-led Meta plans to FIRE thousands of employees this week: Report

The "large-scale" job cuts, to begin from Wednesday, could affect "thousands" of workers, according to a report from The Wall Street Journal.

Nov 07, 2022, 10:37 AM IST