Economy
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Beijing: Chinese smartphone maker Huawei Technologies Co is trying to further increase its investments for “digital transformation” in Africa, amid bans faced in Europe and the US. more
Meta to layoff more than 11,000 employees, Mark Zuckerberg calls the move a 'difficult change'

Facebook's parent company Meta has announced it will remove 13 percent of its staff, marking one of the biggest round of layoffs in the history of the company.

Economy slowdown plunges fortunes of China's super-rich

Beijing: China’s super-rich have seen their wealth fall by the largest amount in over two decades, as the Russia-Ukraine war, Beijing’s zero-Covid measures and falling local s ...

China: iPhone 14 Pro, iPhone 14 Pro Max supply to be badly impacted due to COVID-19 restrictions

Tech major Apple on Monday said COVID-19 restrictions have temporarily impacted the primary iPhone 14 Pro and iPhone 14 Pro Max assembly facility located in Zhengzhou region of China.

Facebook's parent company Meta may begin large scale layoff this week: Reports

California: Social media giant Facebook's parent company  Meta Platforms Inc is planning to begin large-scale layoffs this week, media reports said on Monday.

Global jobs market set to deteriorate amid Ukraine war shocks: ILO

New York: The outlook for global labour markets has worsened in recent months and if current trends continue, vacancies will grow more scarce while global jobs growth will deteriorate sig ...

Tesla CEO Elon Musk takes charge of Twitter, CEO Parag Agrawal fired: Reports

Tesla CEO Elon Musk has finally taken charge of popular micro-blogging site Twitter, media reports said on Friday, adding that Twitter's Indian origin chief executive Parag Agarwal ha ...

Sri Lanka food inflation peaks to 86pc

Colombo: The nationwide food inflation in Sri Lanka has peaked to 85.8 per cent in September, up from 84.6 per cent in August, it was reported on Wednesday.

Pakistan needs to take internal steps for economic recovery: Martin Raiser

Islamabad: Pakistan will have to take internal measures along with help from the international community by implementing economic reforms to recover from the cataclysmic floods, World Ban ...

COVID-19 concern: Chinese stocks tumble to multi-year lows in New York and Hong Kong

Hong Kong: China's growing struggle with COVID-19 is evident in the market as the country's stocks have hit multi-year lows in New York and Hong Kong, media reports said on Saturd ...