Toyota is planning an ambitious overhaul of its China operations, aiming to produce at least 2.5 million vehicles annually in the country by 2030. This strategic shift reflects Toyota’s growing focus on the Chinese market as it looks to reclaim… Read More ›
Samsung Electronics’ largest workers’ union in South Korea announced on Tuesday that it would initiate a four-day strike starting Thursday, aimed at pressuring the company for higher wages and bonuses after negotiations with management failed in July. Lee Hyun-kuk, vice… Read More ›
As the South Asian country struggles to satisfy the rising demand for energy, India has requested power providers to acquire equipment worth $33 billion this year in order to expedite capacity increases of coal-fired power in the years ahead, according… Read More ›
Amazon.com, trying to dispel the notion that it is lagging behind rival Microsoft in the AI space, recruited away the co-founders and a portion of the staff of artificial intelligence firm Adept. In a blog post on Friday, Adept announced… Read More ›
In evidence provided shortly before his death, a former Boeing employee who was discovered dead in March accused the firm of “countless” violations of US law. According to John Barnett, the company attempted to “eliminate” quality checks at a site… Read More ›
US financial regulators are to try again to control the compensation of Wall Street CEOs, an unfulfilled mandate of the Dodd-Frank Act of 2010 that has kept falling short. The Federal Deposit Insurance Corp (FDIC) intends to vote on a… Read More ›
Salary data from 21 corporations analysed by Reuters reveals that some of the leading financial organisations in Britain pay women 28.8% less on average than their male counterparts, despite their stated goal of increasing the number of women hired for… Read More ›
The successful Russian branch of the Oreo cookie manufacturer Mondelez has appointed new management, according to two confidential company memos obtained by Reuters that provide new information about a corporate reorganisation in Europe. The Chicago-based Mondelez company halted advertising in… Read More ›
The recession that hit Britain’s economy in the second half of 2023 presented a challenging environment for Prime Minister Rishi Sunak, who has pledged to accelerate growth in front of the anticipated 2024 election. The gross domestic product (GDP) shrank… Read More ›
Businesses in the US and Canada have begun the year by eliminating thousands of jobs across a range of industries, a hint that the wave of layoffs that began in 2023 may continue as they try to control expenses. Despite… Read More ›
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