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1,500 GM Staff Will Loose Jobs In Thailand After Deal With Great Wall Motors

1,500 GM Staff Will Loose Jobs In Thailand After Deal With Great Wall Motors

After the United States auto giant General Motors announced the sale of its business in Thailand earlier this week to the Chinese car maker Great Wall Motors, the company has now said that after the deal is complete it estimates that there would be about 1,500 job losses in its factory at Rayong in...
Angered Shareholders Question Nissan CEO Competence Who Puts His Job On The Line Against Recovery

Angered Shareholders Question Nissan CEO Competence Who Puts His Job On The Line Against Recovery

Nissan, Japan’s second biggest auto manufacturer, is currently struggling with slowing demand for its vehicles and consequent lower revenues and profits – ever since the scandal surrounding its former boss Carlos Ghosn. While the company has claimed to have initiated a turnaround plan, it does not...
Apple Issues Revenue Warning For Q1 Due To Coronavirus

Apple Issues Revenue Warning For Q1 Due To Coronavirus

In what was the second time in about a year as well as in its entire history, a revenue warning for the current quarter was issued by the tech giant Apple. The company said revenues and profits for the first quarter is likely to fall because of disruption in supply and production due to the...
General Motors To Shut Operations In Australia, NZ And To Sell Off Its Thai Plant

General Motors To Shut Operations In Australia, NZ And To Sell Off Its Thai Plant

United States based auto giant General Motors Co is leaving more markets apart from its home market and China.   The company has announced that it will stop sales, design and engineering operations in Australia and New Zealand while also stop production of its Holden brand by 2021.  ...
China’s Central Bank To Disinfect And Destroy Currency Notes To Prevent Virus Spread

China’s Central Bank To Disinfect And Destroy Currency Notes To Prevent Virus Spread

A new strategy has been implemented by the central bank of China to contain the spread of the deadly coronavirus.   The People's Bank of China said that currency notes that are potential infected by the virus would be subjected to deep cleaning or destroyed completely to prevent further...
Google Is Considering Striking Licensing Deals With Publishers Of Premium News Content

Google Is Considering Striking Licensing Deals With Publishers Of Premium News Content

In order to confront allegations that it is profiting unfairly from news articles and content that is copy righted. Google has reportedly started negotiations with media organizations to pay them for using their content, said reports quoting sources with knowledge of the matter.   Reports...
Amazon And Its Indian Rival Flipkart Gets Temporary Relief In Indian Court

Amazon And Its Indian Rival Flipkart Gets Temporary Relief In Indian Court

Following a relief bringing court ruling for Amazon.com by an Indian court which stayed an investigation by the country’s anti-trust regulator into the alleged business practice of deep-discounting, preferential listing of sellers and exclusive pacts by the United States based e-commerce company...
Total Plans To Stop Selling Fuel Oil To Power Plants, Says Its CEO

Total Plans To Stop Selling Fuel Oil To Power Plants, Says Its CEO

In an effort to reduce its carbon footprint, the France based oil and gas giant Total plans to bring to a complete stop selling its fuel to power plants, said the company’s chief executive in an interview to the media. The company is also aiming to step up investments in renewable energy projects....
New Charges Slapped In Court By US Against Huawei

New Charges Slapped In Court By US Against Huawei

The Chinese telecommunication equipment making giant Huawei has been slapped with fresh charges by the United States Department of Justice. The Chinese firm has now been accused of stealing of trade secrets from U.S. technology companies for decades very successfully.   Huawei and its...
Australia Court Overturns Regulator Decision Of Blocking $10B Vodafone-TPG Merger

Australia Court Overturns Regulator Decision Of Blocking $10B Vodafone-TPG Merger

A ruling of the Australian regulator was over ruled by an Australian court with respect top the merger of unit of Britain's Vodafone Group and internet provider TPG Telecom in a deal that is worth A$15 billion or $10.1 billion. This decision now paves the way for the creation of one of the largest...
Google Completes $2.6 billion Acquisition Of Britain’s Looker

Google Completes $2.6 billion Acquisition Of Britain’s Looker

Acquisition of the British privately held big-data analytics firm Looker Data Sciences has been completed by Alphabet Inc-owned Google. The deal worth $2.6 billion was completed after the companies got clearance from the United Kingdom’s competition watchdog, Google said on Thursday.   This...
99% Drop In Operating Profit Of Softbank Group In Q3 Due To Its Vision Fund

99% Drop In Operating Profit Of Softbank Group In Q3 Due To Its Vision Fund

Huge losses incurred by its $100 billion Vision Fund of SoftBank Group Corp resulted in the investment company’s third quarter operating profits dropping by a stupendous 99 per cent which was way below what the markets have been expecting.   During the quarter, a total loss of 225 billion...
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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...