In latest take on the row over mass layoffs in Twitter since he took over the social media platform, Tesla CEO Elon Musk said on Wednesday that he has rehired two employees who were “laid off” last month. He shared a picture with the two men and tweeted, “Welcoming backContinue Reading
Estee Lauder Cos. agreed to buy Tom Ford at a valuation of $2.8 billion in its largest-ever deal that also solidifies an existing licensing agreement for the designer’s fragrances and makeup. With the acquisition, Estee Lauder is ensuring that it holds on to the valuable partnership the company has hadContinue Reading
Collapsed-crypto exchange FTX outlined a “severe liquidity crisis” in U.S. bankruptcy filings, which said the group could have more than 1 million creditors, as regulators opened investigations and lawmakers called for clearer rules on how the industry operates. FTX’s filing to a U.S. bankruptcy court, published late on Monday inContinue Reading
WhatsApp India head, Abhijit Bose, and Meta (earlier Facebook) India public policy head and former Indian Administrative Service (IAS) officer, Rajiv Aggarwal stepped down from their roles on Tuesday, the tech giant said in a statement. The verticals will now be headed by former journalist and WhatsApp public policy headContinue Reading
YouTuber Nas Daily in one of his video named him as the Most Generous Billionaire who wanted to donate all his wealth to charity. But ten months later, Sam Bankman-Fried is no longer a billionaire. He is alleged to have caused massive losses worth $1 billion to investors. Known byContinue Reading
Amazon is stepping back into virtual care with a new service that uses secure messaging to connect patients with doctors for help with nearly two dozen conditions. The retail giant said Tuesday it will launch “Amazon Clinic” in 32 states to provide medication refills and care for conditions like allergies,Continue Reading
One of the hottest wine bars for Chinese billionaires isn’t atop a Shanghai office tower or within a Beijing courtyard house. It’s in a modest black-and-white bungalow next to a six-lane thruway in the heart of Singapore. After stepping past the reception desk with its wall of wine bottles, visitorsContinue Reading
Chinese donations of physical aid jumped to almost $1.3 billion last year as the government, companies and individuals gave vaccines, food and other goods to foreign nations. Also Read| US directs six airlines including Air India to pay $622 million in passenger refunds The value of donated goods was almostContinue Reading
Less is more. Less may be enough. These phrases may not always hold true in real life. Or at least perceptions won’t allow it to be. The world of tech works a little differently, and sometimes (just sometimes), there is the urge to get away from complication. Something that justContinue Reading
India’s march to becoming a $5 trillion economy by 2027-28 will be led by manufacturing industry and Maharashtra, Tamil Nadu, Uttar Pradesh and Karnataka would be the top four contributors of the GDP, according to a report by the State Bank of India’s research team. The paper suggested a slewContinue Reading