Business
Adani Ports and SEZ commences operations at Colombo West Terminal
Colombo: Adani Ports and Special Economic Zone (APSEZ) has officially commenced operations at the Colombo West International Terminal (CWIT), days after the Sri Lanka visit of Indian Prime Minister...
Business
US to consider TikTok proposal on Apr 2 – Reports
Washington: The United States will consider a final proposal over a potential TikTok deal on April 2, the...
Business
IMF predicts minor downward adjustment in global economy growth due to tariffs – Georgieva
Washington: The International Monetary Fund (IMF) in its upcoming World Economic Outlook report forecasts a slight decline in...
Business
Japan to inject hefty funding for chipmaker Rapidus
Tokyo: Japan's Ministry of Economy, Trade and Industry announced Monday that it will provide up to 802.5 billion...
Business
US public finances face deteriorating outlook, says Moody’s
Washington: America's "fiscal strength is on course for a continued multiyear decline," the Financial Times reported, citing credit...
Ford planning to cut 3,200 jobs at German factory – Reports
Berlin: US automaker Ford will cut 3,200 jobs at its factory in the German city of Cologne, German media reported.According to the IG Metall...
Spotify to cut 6 pct of global workforce
San Francisco: Music streaming service company Spotify announced on Monday that it will lay off about 6 percent of its global workforce, impacting some...
Twitter Lost 80 pc of its workforce under Elon Musk – Reports
Washington: The number of employees at Twitter has decreased by about 80% since US entrepreneur Elon Musk’s multibillion-dollar acquisition, CNBC reports citing internal company...
Amazon overtakes Apple as world’s most valuable brand despite losing $51bln
Washington: Amazon has reclaimed top spot as the world's most valuable brand despite losing $51 billion this year, or 15% of its value, according...
Microsoft to fire approximately 11,000 workers amid slowing world economy – Reports
Washington: US tech giant Microsoft is set to fire approximately 11,000 workers to address the impacts of a slowing world economy, Sky News reported.The...
Fast food giant McDonalds to make job cuts: Reports
Washington: Fast food titan McDonald's is planning to cut some of its corporate staff, CNN reported citing a company memorandum."We will evaluate roles and...