Washington: Asia is on track to again deliver two-thirds of global growth in 2024, as it did in 2023, said Krishna Srinivasan, Director of the International Monetary Fund (IMF) Asia…
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US Fed Leaves Policy Rate Unchanged For Fourth Straight Time
Washington: The US Federal Reserve in its January meeting voted to leave the key interest rate unchanged at 5.25-5.50 per cent, keeping the policy rate unchanged for the fourth straight…
iRobot To Fire 350 Employees As Deal With Amazon Is Killed
New Delhi: Consumer robot maker iRobot has announced layoffs of nealy 350 employees with founder and CEO Colin Angle also expected to step down. This constitutes approximately 31 percent of…
India To Become 3rd Largest Economy With GDP Of USD 5 Trillion In 3 Years: Finance Ministry
New Delhi: The finance ministry announced on Monday that India is projected to climb to the position of the world’s third-largest economy within the next three years, boasting a GDP…
Evergrande Liquidation May Send Ripples Through China’s Crumbling Financial Markets
A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, to open a new tab, a move likely to send ripples through China’s crumbling financial…
H&M Receives Major Flak For Sexualizing Young Girls In School Uniforms Ad; Removes Advertisement And Apologises
New Delhi: Fashion and design giant H&M has removed an ad for school uniforms that some critics claimed “objectified and sexualized young girls.” H&M released a statement after the uproar…
After Google, Amazon, Meta, Now eBay Laying Off 1000 Employees
New Delhi: E-commerce giant eBay is laying off about 1,000 employees, accounting for 9 per cent of its full-time workforce. Additionally, the company is planning more rounds of layoffs in…
Layoffs Might Get Worse This Year, 98% Surge in US Layoffs Last Year Reports Claim
New Year: As per a report published by professional outplacement firm Challenger, Gray and Christmas revealed that US companies planned 721,677 job cuts last year, a 98% jump from 363,832…
Wealth Of 5 Richest Men Doubled Since 2020; Five Billion People Made Poorer: Oxfam Davos
New Delhi: Fortunes of five richest men have more than doubled since 2020 and the world could have its first-ever trillionaire in just a decade while it would take more…
Global IT Firm Veeam Software Lays Off 300 Employees
San Francisco: Veeam Software, a global leader in data management has reportedly laid off 300 employees. The workforce reduction came after Veeam let go 200 workers in a separate round…