World / Countries / MNCs
Automobile major Tesla will remove 10 per cent of its global electric vehicle workforce. more
Crypto market tanks amid Middle East crisis

The crypto market witnessed a significant drop with several altcoins plunging by double digits in response to the current Middle East crisis triggered by Iran's attack on Israel on Sa ...

Elon Musk's Tesla inks strategic deal with India's Tata Electronics to procure semi-conductor chips

Elon Musk-owned American brand Tesla has signed a strategic deal with Tata Electronics to procure semiconductor chips for its worldwide operations, media reports said.

Apple plans to reduce 614 workers in California

Tech major Apple has decided to lay off 614 workers in California, marking the first significant round of job cuts since pandemic, media reports said.

Tech major Apple to open its new Shanghai store on Thursday

Tech major Apple recently previewed Apple Jing’an, located near Jing’an Temple and Jing’an Park in Shanghai, giving Chinese consumers a new option to buy the devices.

Cosmetic major The BodyShop ceases US operations and shuts down 33 stores in Canada

UK-based cosmetic brand The Body Shop, which recently filed for bankruptcy, will cease its operation in the US and will shut down several stores in Canada.

Japanese Nikon to acquire US movie camera manufacturer RED Digital Cinema

Japanese camera maker Nikon Corporation (Nikon) on Thursday announced it has agreed to acquire high-end US movie camera manufacturer RED Digital Cinema.

OpenAI founder Sam Altman's net worth reaches $2 billion: Reports

Sam Altman, the Founder and CEO of OpenAI, saw his net worth reach $2 billion according to the Bloomberg Billionaire Index. However, it's noteworthy that despite his leadership in the ...

Sony to axe 900 employees in PlayStation division

Electronics major Sony on Tuesday announced the company will lay off 900 employees in its PlayStation division.

Nike decides to reduce 1600 employees

US sportswear giant Nike is planning to slash 1,600 people, which comprises 2 percent of its workforce, media reports said.