Economy
World / Countries / MNCs
Tech giant Google has slashed several hundred jobs, across multiple divisions, including engineering and services, on Wednesday, media reports said. more
Several world's top banks laid off over 60,000 employees in 2023

Twenty of the world's largest banks laid off more than 60,000 employees in 2023, marking one of the worst years for job cuts since the 2007-2008 financial crisis, the Financial Times ...

American firm Wayfair's CEO tells employees to work for long hours

Indian-American CEO of a US-based online furniture company has sent a special message to its employees after the firm yielded profitable results.

Sacked Open AI CEO Sam Altman to join Microsoft, Satya Nadella announces

Open AI's former CEO Sam Altman and former president Greg Brockman are joining Microsoft to lead a new team for advanced research in Artificial Intelligence, Satya Nadella announced M ...

India's wholesale inflation remains in negative zone in October

Remaining in the negative zone, India's wholesale inflation dropped to - 0.52% in October 2023, as against - 0.26% in the previous month.

WeWork Inc: Co-working firm files for bankruptcy in USA

After years of struggle, co-working startup WeWork Inc has filed for bankruptcy in the USA.

Global leaders call for action to meet ambitious development boost

UN Secretary-General António Guterres on Monday called for increased action to deliver $500 billion a year in affordable, long-term financing to developing countries at the eighth ...

Microsoft acquires Activision Blizzard in a mega $69 billion deal

London: Microsoft has successfully finalized its $69 billion acquisition of Activision Blizzard, marking a significant move in the video game industry, Bloomberg reported.

JP Morgan's Q3 profit grows riding on soaring NII,First Republic Bank purchase

New York: JPMorgan Chase reported an increase in its third-quarter profit, boosted by higher interest payments and the acquisition of First Republic Bank, Reuters reported.

UN chief proposes $3.3 billion budget for 2024

UN Secretary-General António Guterres on Tuesday introduced a $3.3 billion programme budget for the Organization in 2024, amidst an array of global challenges ranging from conflict ...