Dozens of British businesses, including names such as Barclays and Deloitte will be hiring black employees to increase diversity within their workforce. A commitment to this effect was made by the businesses in an open letter. In the letter the… Read More ›
HR & Organization
Chinese banks weighing alternative to SWIFT, as U.S. legislative action looms
In a significant development, a report from the investment banking unit of China’s central bank states, Beijing should be ready for potential U.S. by being less dependent on SWIFT and instead use its own financial messaging network for cross-border transactions… Read More ›
Pfizer Inc negotiating with EU for COVID-19 vaccine
During an interview, Albert Bourla the CEO of drugmaker Pfizer Inc stated, it is holding talks with the European Union as well as with several member states of the bloc, to sell them its COVID-19 vaccine candidate that is being… Read More ›
Multiple COVID-19 vaccinations will be required across multiple years; Pfizer raises full-year earnings forecast
In a significant development, Pfizer Inc stated, it will charge developed countries the same amount it has contracted with the United States and suggested that consumers may need multiple vaccinations in order to remain protected against COVID-19. Earlier the U.S…. Read More ›
France to launch ‘railway highway’ in push to reduce carbon footprint and greener economy
In an effort to reduce France’s carbon footprint, French prime minister Jean Castex vowed to develop “railway highways” to transport food and other goods which have traditionally been transported by trucks. The “fresh food train” linking the main wholesale market… Read More ›
Murthy Renduchintala, Intel’s Chief Engineering Officer to depart on August 3
In a development that marks a reorganization at U.S. chipmaker Intel Corp, Intel Corp said, it’s Chief Engineering Officer Murthy Renduchintala will be leaving the company in a move that marks Intel allocating five teams into its key technology unit…. Read More ›
Tesla increases hiring at Shanghai plant
With U.S. electric vehicle maker Tesla Inc ramping up production in China, the company has launched a hiring spree in Shanghai with plans to bring on designers at its China studio. Tesla’s posts on WeChat, marks the first time it… Read More ›
France’s Alstom likely to win antitrust Bombardier deal
According to sources familiar with the matter at hand, Alstom is likely to win antitrust approval from the European Commission to acquire Bombardier Inc’s rail business, in a deal that will position the French company as the world’s second biggest…. Read More ›
Mitsubishi Motors announces restructuring plan midst record operating loss of $1.33 billion for 2020-2021
With Japan’s Mitsubishi Motors Corp posting dismal sales in key South-Asian markets for this financial year, its shares fell by more than 10% to an all-time low on Tuesday. Mitsubishi Motors has projected an operating loss of $1.33 billion (140… Read More ›
Huawei cuts India revenue target by 50%, lays off 60%-70% of staff
On Monday, China’s Huawei Technologies Co stated, it has slashed its India revenue target by up to 50% for 2020 and has begun laying off employees in the country. The development comes in the wake of Chinese troops attacking their… Read More ›