Daimler will cut at least 10,000 jobs worldwide over the next three years, said the carmaker in a statement. The move follows job cuts by carmakers in the industry as they deepen their commitments towards electric vehicles, while grappling with… Read More ›
Month: November 2019
Daimler AG to cut 10K jobs
Daimler will cut at least 10,000 jobs worldwide over the next three years, said the carmaker in a statement. The move follows job cuts by carmakers in the industry as they deepen their commitments towards electric vehicles, while grappling with… Read More ›
New Report Says Contribution Of £20bn To UN Climate Fund Should Be Made By UK By 2030
A new research has concluded that if the United Kingdom plans to pay a “fair share” in the fight against global climate change, the country will have to pay £20bn by 2030 to the UN’s climate fund. The UK should… Read More ›
Over 72 Bln Euros In R&D In 2018 Invested By German Companies
According to an announcement made recently by a German association, in 2018, more than 72 billion euros or 79.2 billion U.S. dollars was spent for research and development purposes by German companies. According to Stifterverband, which compiled the data on… Read More ›
UK Car Production Could Be Reduced To Half Because Of Brexit
Brexit will reduce the annual 2020 car production in eth United Kingdom to about half of its planned production output made just a few years ago even as the auto production kin the country is already down significantly. According to… Read More ›
Germany takes steps to protect key industries from takeover by foreign powers
On Friday, in a significant development, German Economy Minister Peter Altmaier said, it is critical that Germany sets up a new government body which will have the power to quickly decide whether it should take stakes in strategic domestic companies… Read More ›
Mitigating climatic risks a must for financial stability: Haruhiko Kuroda, BOJ Governor
On Thursday, Haruhiko Kuroda, the Governor of the Bank of Japan stated, central banks are facing new issues from climate-related risk which must be mitigated to maintaining financial stability. “Natural disasters, such as the strong typhoon that struck Japan in… Read More ›
Trump signs into law 2 legislations backing Hong Kong
In a significant development, U.S. President Donald Trump has signed into law a congressional legislation which backs the pro-democracy uprising in Hong Kong despite objections from China. The development midst Washington and Beijing trying to hammer out a deal to… Read More ›
Twitter To Remove Huge Number Of Inactive Accounts
All those accounts whose holders have not logged into their accounts for more than six months will be deleted by Twitter unless such account holders again log in before 11 December deadline. The culling will also include those account holders… Read More ›
TikTok App Owner Moves To Separate App From Chinese Operations For US Market
ByteDance, the Chinese owner of the social media app TikTok, is trying to separate the app from its other Chinese businesses and operations as the app has come under pressure after an inquiry into the safety of the personal data… Read More ›