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Stacks of $100 bills at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, TexasInternationalIndiaAfricaMOSCOW (Sputnik) – The foreign retail consumer brands which withdrew from the Russian market have lost about $1.5 billion in profit as a result, Russian newspaper reported on Thursday, citing business consultants in the know. The $1.3-1.5 billion […]
Brain mental health InternationalIndiaAfricaThe number of British citizens neither working nor looking for a job has grown dramatically since the beginning of the pandemic. Much of this can be attributed to mental health issues, which could impede the UK’s economic growth, economists warn.According to research carried out by a UK media outlet, the number of […]
People arrive for work at the Amazon distribution center in the Staten Island borough of New York, on Oct. 25, 2021.InternationalIndiaAfricaMary ManleyThe cuts to employment will impact the company’s devices organization, retail division, and human resources, a report revealed. It will be the largest cut the company has ever made, though it just makes up […]
/ Go to the mediabankMicrochip / Go to the mediabankInternationalIndiaAfricaJames TweedieThe UK’s Department for Business, Energy and Industrial Strategy ordered Nexperia, a Dutch subsidiary of China’s Wingtech, to sell its controlling stake in a Welsh microchip precursor factory this week for fear it could “undermine UK capabilities” in fields such as telecoms and facial recognition.Beijing has […]
Tesla CEO Elon Musk on March 14, 2019, Hawthorne, California and the Twitter logo outside their headquarters in San Francisco, California, on October 28, 2022. InternationalIndiaAfricaMary ManleyMusk has been on a campaign to slash costs at his new company since he bought the social media platform for $44 billion in late October. Musk laid off […]
Workers drive past a sign of the Sibanye-Stillwater Driefontein gold mine near Carletonville, near Johannesburg, on May 5, 2018InternationalIndiaAfricaIn October, Sibanye-Stillwater, a South African mining corporation, obtained control over Keliber, a Finnish battery chemicals producer, by acquiring around 55% of its shares, raising Sibanye’s total shareholding to 85%.On Monday, Sibanye announced that its board had […]
JPMorgan Chase CEO Jamie Dimon at Saudi Arabia’s Future Investment Initiative conference in Riyadh in October 2022.InternationalIndiaAfricaEven though economic reports continue to show strength in the US economy, investors are nonetheless behaving as if more volatile times are coming, dodging riskier bets and keeping market gains low.Speaking to CNBC on Tuesday, Jamie Dimon, CEO of […]
Twitter, Facebook InternationalIndiaAfricaWASHINGTON (Sputnik) – Nearly half of the companies that announced mass layoffs may not survive the restructuring, an analyst told Sputnik, adding that Meta* and Twitter are in the high-risk zone.In recent months, a number of major IT, financial and multimedia companies have announced significant layoffs. The most notable ones include Meta, Twitter, […]
FILE – A woman walks with purchases past a store in Berlin, DEU, Friday, April 1, 2022InternationalIndiaAfricaJames TweedieThe dual effects of the COVID-19 pandemic and the energy crisis caused by sanctions on Russia have rattled consumer confidence and sent inflation soaring — prompting a wave of strikes over pay that have further hit the retail […]
Home Depot Co-Founder Bernie MarcusInternationalIndiaAfricaThe billionaire complained that “socialism” is to blame for Americans having invented so many reasons not to work – “I’m too lazy, I’m too fat, I’m too stupid.”The founder of Home Depot has raised eyebrows by claiming he’s “worried about capitalism” and blames “socialism” for what he described as an eroded […]
