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Business (Page 83)

On Twitter’s content moderation policy, Elon Musk’s new ‘clarification’

2022-10-30
In: Business

Twitter boss Elon Musk clarified on Saturday that the social media giant has not yet made any changes to the platform’s content moderation policies – a bone of contention since he acquired the social media giant in a $44 billion deal. This came hours after he said in a tweetContinue Reading

Oil giants face backlash for handing record profits to investors

2022-10-29
In: Business

Big Oil’s record profits are a huge hit on Wall Street but increasingly provocative in the corridors of power from Washington to London as politicians lash out against executives for funneling windfall profits to investors. The controversy this week was not so much about the gargantuan dollar amounts earned butContinue Reading

Union minister Nitin Gadkari pitches for investments from Tata Group in Nagpur

2022-10-29
In: Business

Union minister Nitin Gadkari has sought investments from the Tata Group in and around Nagpur, citing strengths like infrastructure, land availability and connectivity in his home city. In a letter to Tata Sons Chairman N Chandrasekaran on October 7, Gadkari, who handles the road transport and highways portfolio, said groupContinue Reading

Want a secure retirement life? 5 tips by Zerodha co-founder you shouldn’t ignore

2022-10-29
In: Business

Online brokerage platform co-founder Nithin Kamath has shared some tips with the millennials and Gen Z professionals on retirement and future financial planning. In a long Twitter thread, Kamath offers valuable lessons to the young blokes, citing that the technological developments have led to the retirement age dropping to 50Continue Reading

Ikea India net loss widens to ₹902 crore in FY22; sales up to ₹1,076 crore

2022-10-29
In: Business

Swedish furniture and home furnishings retailer Ikea’s Indian unit net loss widened to ₹902.8 crore in FY22 from ₹809.8 crore in the preceding year, according to financial data accessed by business intelligence platform Tofler. Ikea India Pvt Ltd net sales/revenue from operations was up 77.07 per cent to ₹1,076.1 croreContinue Reading

Beijing’s misgivings with tech billionaire Jack Ma, as seen by Chinese social media

2021-01-21
In: Business

Earlier this month, the financial world was shocked by the sudden suspension of Ant Group’s initial public offering (IPO), set to debut on the Hong Kong and Shanghai stock market on November 2. With 34 billion USD in proceeds, it would have been the world’s biggest stock debut in history.Continue Reading

Australia-China relations hit rock bottom after provocative tweet by senior Communist Party official

2021-01-20
In: Business

Australian-Chinese relations have taken a dramatic dip following a tweet by China’s Foreign Ministry spokesman Zhao Lijian that included a doctored image depicting an Australian soldier slitting the throat of an Afghan child. The tweet said: ‘Shocked by murder of Afghan civilians & prisoners by Australian soldiers. We strongly condemnContinue Reading

Google Doodle of economist and Nobel laureate Sir Arthur Lewis makes the Caribbean proud

2021-01-20
In: Business

As Caribbean netizens logged on to their browsers on the morning of December 10, they got a pleasant surprise: an illustrated portrait of Sir Arthur Lewis, whose head formed the second “O” in the Google Doodle of the day. Today is the anniversary of the day Sir. W. Arthur LewisContinue Reading

China’s imposition of electricity restrictions this winter gets a chilly reception

2021-01-20
In: Business

Winter has come, yet many regions in southern China — including Hunan, Zhejiang and Jiangxi — have recently issued notifications regarding the limited supply of electricity. Because temperatures in these regions could fall to below zero degrees Celsius and some of the affected cities are highly developed, thousands of postsContinue Reading

Bangladesh moves to revive production of muslin, fabric of legend

2021-01-20
In: Business

Muslin, the fine handwoven cotton fabric that originated in Dhaka, the capital of Bangladesh, is now set for a revival. The fabric, produced from a variant of the cotton plant grown only in the area south of Dhaka, has a long history. Produced since pre-colonial times and especially favoured byContinue Reading

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