Britain is weathering the worst cost-of-living squeeze in memory better than indicated by dire projections for a catastrophic recession. Read more: World Economic Forum 2023 summit kicks off at Davos on Jan 16 | 10 top points Real-time indicators and surveys point to the health of consumer spending and businessContinue Reading
The 53rd edition of the annual World Economic Forum summit at the Swiss town of Davos will begin from Monday, i.e January 16. The five-day long conclave featuring business leaders, political figureheads, investors and academics is being held physically for the first time in three years. More than 2,700 delegatesContinue Reading
Twitter Inc. won a ruling forcing laid-off workers fighting the company over their severance packages to pursue their claims in individual arbitration rather than through a class-action lawsuit. Hundreds of workers who were laid off by Elon Musk after he bought the social media company in October have already filedContinue Reading
Cab aggregator Ola has reportedly laid off employees from various verticals as part of its ‘restructuring’ exercise. The employees affected are from Ola Cabs, Ola Financial Services and Ola Electric, news website Inc42 reported. Ola has also offered severance packages as per the respective notice period. A company spokesperson toldContinue Reading
Tesla has slashed prices on its electric vehicles in the United States and Europe by as much as 20%, extending a strategy of aggressive discounting after missing Wall Street estimates for 2022 deliveries. Read here: Elon Musk’s net worth down by $182 billion since November 2021, ‘worst loss’ in historyContinue Reading
Indian gold futures reached a record high on Friday in line with advances in the international market, but the price increase slowed demand in the country, Reuters reported. The price of local gold futures increased to ₹56,245 ($691.45) per 10 grams, breaking the previous high set in August 2020 ofContinue Reading
PTI | | Posted by Singh Rahul Sunilkumar India’s forex reserves declined by USD 1.268 billion to USD 561.583 billion for the week ended January 6, the Reserve Bank said on Friday. The overall reserves had increased by USD 44 million to USD 562.851 billion in the previous reporting weekContinue Reading
Reuters | | Posted by Singh Rahul Sunilkumar Indian IT services firm Wipro reported a bigger-than-expected profit for the third quarter on Friday, boosted by a strong deal pipeline. The Bengaluru-based company’s net profit rose 2.8% to ₹30.53 billion ($375.27 million) for the quarter ended December 31. Analysts, on average,Continue Reading
Smart lights are the logical first step as you begin building your smart home. If you are cobbling together a smart home. Lighting doesn’t just remain restricted to that step of the chain. Along the way, you’ll find the need to upgrade, change or add more luminaires to a room.Continue Reading
Apple Inc. is cutting Chief Executive Officer Tim Cook’s compensation by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay. As part of the changes, the percentage of stock units awarded to Cook and tied to Apple’s performanceContinue Reading