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Nokia Will Slash Up To 10,000 Jobs Globally In The Next Two Years

Nokia Will Slash Up To 10,000 Jobs Globally In The Next Two Years

The Finish telecom equipment making giant Nokia us planning to implement its previously announced restructuring program with an initial slashing of up to 10,000 jobs of the company all over the world over the next two years. At the same time the company is also preparing to increase its spending on...
Volkswagen Confident Of Increasing Profit Margins From Cost Cuts

Volkswagen Confident Of Increasing Profit Margins From Cost Cuts

A day after it unveiled its ambitious electric mobility expansion, the German auto giant and the second-largest car maker of the world Volkswagen said that it will be able to increase its profit margins second-largest carmaker because of the cost cutting strategies it has put in place.  ...
Microsoft And Google Publicly Fight Each Other Amid Hacks And Competition Probes

Microsoft And Google Publicly Fight Each Other Amid Hacks And Competition Probes

The California-based search engine giant Google and the Washington-based software firm Microsoft have daggers drawn at each other as the two companies are facing increasing pressure from lawmakers and regulators in relation to the extraordinary power that the two technology firms wield over...
China's Ant Group CEO Resigns In A Shake Up After Suspended IPO And Regulatory Heat

China's Ant Group CEO Resigns In A Shake Up After Suspended IPO And Regulatory Heat

While the company is under pressure from Chinese authorities as a regulatory driven overhaul of the business of the company is underway, the Chief Executive Officer of the Chinese technology giant Ant Group - Simon Hu, tendered his resignation unexpectedly.  This is first high profile exit of...
Apple To Make iPhone 12 In India Along With Some Other Models Its Already Makes

Apple To Make iPhone 12 In India Along With Some Other Models Its Already Makes

The United States based iPhone maker Apple Inc has confirmed that it would soon begin manufacturing of 5G-enabled iPhone model – the iPhone 12, in India and the retail packages of the company’s smrtphones would soon have the ‘Made in India’ title on them.   The iPhone 12 was launched by the...
HSBC Sets Target To Phase Out All Coal Investments By 2040

HSBC Sets Target To Phase Out All Coal Investments By 2040

Provided that kits shareholders were supportive of its strategy to ramp up its climate change policies, HSBC will stop financing all coal projects by 2040, the bank has said.   This move was made by the British bank following sustained pressure on it by a coalition of investment firms and...
Trading In Energy Is BP’s Revenue Source To Finance Its Strategy Shift To Clean Fuel

Trading In Energy Is BP’s Revenue Source To Finance Its Strategy Shift To Clean Fuel

Despite the collapse in the demand for oil in 2020 because of the Covid-19 pandemic, earnings of almost $4 billion was made by the trading unit of British Petroleum which is almost equal to the record trading profit it had made in 2019m reported news agency Reuters citing information and data from...
2021 Will Be A Year Of Profits Again, Says BMW As It Overturns Pandemic Hit

2021 Will Be A Year Of Profits Again, Says BMW As It Overturns Pandemic Hit

The German luxury car maker BMW has managed to stage recover from the shutdowns and a significant hit to its sales last year because of the Covid-19 pandemic during the first half of last year and is now on track to regain profitability for 2021, the car maker said on Thursday.   The company...
First Company-Wide Strike Called By Amazon Workers In Italy

First Company-Wide Strike Called By Amazon Workers In Italy

The first ever strike by workers of the largest online retailer of the world Amazon.com is being called out by the company’s employees in Italy.     Workers of the United States based online giant in Italy were holding talks with the management of the company over working conditions...
Unilever Will Remove The Word "Normal" From Beauty Products To Promote Inclusivity

Unilever Will Remove The Word "Normal" From Beauty Products To Promote Inclusivity

As a part of its new policy of promoting greater inclusivity, the word “normal” will be dropped from all of its beauty and personal care products by the maker of the Dove soap brand Unilever. The company will also stop digitally altering body shapes and skin colour of the models that the company...
Rout At The Stock Market Sees Tesla Loosing A Third Of Its Value

Rout At The Stock Market Sees Tesla Loosing A Third Of Its Value

The value of the shares of Tesla has dropped by a third of what it was at its record high in January which also marks the third time that there has been a dramatic correction in the price of the stocks of the United States based electric car maker in about a year.   In recent weeks,...
Toyota VC Making Serial Investments In AI Startups To Refine Everyday Production Processes

Toyota VC Making Serial Investments In AI Startups To Refine Everyday Production Processes

The Japanese car maker Toyota Motor Corp is making large investments in startups through its first venture capital fund and the car maker hopes that it will be able to refine its everyday processes by implementing sharper supply-chain management and robotics to the manufacturing process of the...
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World

2024: A Year Marked By Escalating Climate Extremes

2024: A Year Marked By Escalating Climate Extremes
In 2024, the global community faced unprecedented climate challenges, with human-induced climate change significantly intensifying extreme weather events. A comprehensive analysis by World Weather...

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared
The United States has reported its first severe human case of bird flu in 2024, involving a Louisiana resident who is hospitalized in critical condition. This marks a significant shift in the ongoing...

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals
Tropical wetlands, long known for their ability to absorb vast amounts of carbon, are now emerging as a major contributor to methane emissions, significantly complicating global efforts to tackle...

Conflict-Affected Nations Demand Urgent Climate Funding At COP29

Conflict-Affected Nations Demand Urgent Climate Funding At COP29
As COP29 unfolds in Azerbaijan, conflict-affected nations are making a unified call to double climate funding to over $20 billion annually by 2026. This demand comes against the backdrop of...

Trump’s Return To Office Could Shift Global Geopolitics: Putin Holds Firm On Ukraine, While Other Conflicts Face Uncertain Future*

Trump’s Return To Office Could Shift Global Geopolitics: Putin Holds Firm On Ukraine, While Other Conflicts Face Uncertain Future*
As former U.S. President Donald Trump prepares to re-enter the White House, the geopolitical landscape is bracing for significant shifts. Russian President Vladimir Putin has publicly expressed his...

People

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties.   According to an attorney...