World

Microsoft fires another 300 people after recent major layoff – Reports

Washington: US tech corporation Microsoft has cut its staff by more than 300 people after a major layoff in May, Bloomberg reported, citing a notice from the corporation to...

Business

U.S. to double steel, aluminum tariffs to 50 pct

New York: U.S. President Donald Trump announced Friday that he plans to double tariffs on steel and aluminum...

Business

Boeing strikes $1.1 bn deal with US DOJ to avoid prosecution over deadly 737 Max crashes

Arlington: Boeing has reached a non-prosecution agreement with the US Department of Justice (DOJ), allowing the aerospace company...

Business

Mexico continues negotiations with US on tariffs concerning steel, and automotive sectors

Mexico City: After a phone conversation with her U.S. counterpart, Mexican President Claudia Sheinbaum has decided to continue...

Business

US may reduce tariffs on China to 50 pc as part of trade agreement talks – Reports

Washington: The administration of US President Donald Trump is considering the possibility of reducing import tariffs on China...

Twitter to make job cuts after Musk takeover

Business

GC NewsDesk - 04/11/2022

Los Angeles: Twitter says it will inform its staff about whether they will be laid off following the firm's takeover by Elon Musk.In an...

Musk denies plans to fire workers to avoid payouts

Business

GC NewsDesk - 31/10/2022

New York: Elon Musk has denied a New York Times report that he plans to lay off Twitter workers before the start of next...

Elon Musk completes $44bn Twitter takeover

Business

GC NewsDesk - 28/10/2022

San Francisco: The world's richest man, Elon Musk, has completed his $44bn takeover of Twitter, according to US media and an investor in the...

Samsung names convicted heir to top job

Current Affairs

GC NewsDesk - 27/10/2022

Seoul: South Korean electronics giant Samsung on Thursday named convicted heir and de facto boss Lee Jae-yong as its executive chairman."The Board cited the...

Lanka IOC revenues, profits soar

Business

GC NewsDesk - 26/10/2022

Colombo: The revenues and the profits of Lanka Indian Oil Corp (LIOC) soared after authorities implemented a cost-reflective pricing formula for fuel and restored...

Japanese yen touches 32-year low

Business

GC NewsDesk - 14/10/2022

Tokyo: The Japanese yen touched a 32-year low against the US dollar after official figures showed that prices had risen faster that expected in...

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