Economy
World / Countries / MNCs
Beijing: China's Big Tech companies witnessed the shrinking of their payrolls in the past year as they streamline their businesses and rein in costs by shedding unprofitable projects to weather Covid-19 restrictions and a year-long regulatory crackdown, their latest financial reports show. more
Microsoft-owned GitHub sacks over 140 Indian staff: Reports

Los Angeles: Microsoft-owned  GitHub is the latest tech company that has fired more than 140-member strong entire engineering team in India.

UK food inflation hits record high of 17.5 pc

London: Food price inflation in the United Kingdom has hit a record high of 17.5 percent, which could increase the average annual household grocery bills by 837 pounds ($1,029), UK data a ...

Disney begins laying off 7,000 employees: Reports

New York: Disney CEO Bob Iger on Monday said the company will start laying off staff starting this week.

Sri Lanka's financial crisis: India, US, Japan secure USD 2.286 bn IMF bailout

Colombo: After a protracted battle by India, the United States and Japan to get China to agree to restructure its massive loan of USD 7 bn to Sri Lanka,  the International Monetary F ...

First Citizens Bank enters into whole bank purchase of Silicon Valley Bridge Bank

Raleigh First-Citizens Bank & Trust Company, a subsidiary of Raleigh-headquartered First Citizens BancShares, Inc., announced on Monday that it has entered into an agreement with the ...

Zambia facing Chinese debt trap: Report

Lusaka: Zambia, the African nation, is facing an unsustainable debt burden and debt servicing, media reports said.

Amid recent slowdown in global trade, ‘green goods’ are the winning ticket

New York: Global trade slowed down in the second half of 2022, but demand for environmentally friendly goods stayed strong, the UN Conference on Trade and Development, UNCTAD, said on Thu ...

UK: Inflation rate spikes to 10.4  percent

London: Driven by a shortage of salad and vegetables, cost of living has unexpectedly jumped up in the UK, media reports said.

Swiss bank UBS to acquire Credit Suisse

Swiss bank major UBS is planning to acquire troubled Credit Suisse in a government-backed deal.