In April, McDonald’s may layoff employees in some departments, according to CEO Chris Kempczinski, with the move being part of a larger, updated business strategy to build more restaurants. Kempczinski laid out the plan to the Chicago-headquartered company’s global employees on Friday. “We will look to our strategy and ourContinue Reading
Twitter Inc., under new owner Elon Musk, has made deeper cuts into its already radically diminished trust and safety team handling global content moderation, as well as to the unit related to hate speech and harassment, according to people familiar with the matter. At least a dozen more cuts onContinue Reading
Ant Group said on Saturday its founder Jack Ma will no longer control the Chinese fintech giant, as the firm seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was scuppered two years ago. Ant’s $37 billion IPO, which wouldContinue Reading
International Monetary Fund (IMF) Deputy Managing Director Antoinette Sayeh on January 6 called India a relative “bright spot” in the world economy, growing at rates “significantly above” its peer average. This is despite the OECD’s Global Economic Outlook in November, which projected major headwinds that would slowdown global growth atContinue Reading
A judge denied a request by Donald Trump, his company and three of his children to toss out New York’s $250 million lawsuit accusing them of deceiving banks and insurers for years about the value of the former president’s assets — keeping the case on track for trial in October.Continue Reading
The start of the year is a boon for the data-minded in the climate and energy world: We get the full wrap on the prior year’s investment flows and indicators, and a raft of outlooks on the year ahead. Earlier this week, Bloomberg Green’s Eric Roston neatly summarized the climateContinue Reading
The rupee gained 15 paise from its previous close against the US Dollar in early trade on Friday. The domestic unit opened at 82.52 against the dollar on the interbank foreign exchange, then rose to 82.47, PTI reported. The rupee settled at 82.62 against the US dollar on Thursday. TheContinue Reading
In a fresh round of layoffs at Vimeo, as many as 11% of the existing workforce will lose their jobs, the company has announced. CEO Anjali Sud broke the news to the employees, and expressed her gratitude to those being let go, but also said it was the ‘right’ thingContinue Reading
7th Pay Commission News: The Department of Expenditure (DoE) under the Ministry of Finance has updated the rules regarding House Rent Allowance (HRA) for central government employees. According to the updated rules, a government employee will not be eligible for HRA in some cases. The conditions are: (1.) If theContinue Reading
Franklin Templeton bought shares of some Indian technology startups after concerns over valuations and higher interest rates shaved more than $20 billion in market value from five high-profile recent market debutants. “We are looking at new tech companies as their valuations have been reset,” Anand Radhakrishnan, chief investment officer forContinue Reading