According to a survey released on Monday, British employers expect to raise wages for their employees by the most in at least 11 years, but the 5% pay increases would still fall well short of expected inflation. The Chartered Institute… Read More ›
Strategy
Chinese Companies Returning To The US With IPOs
After a dry spell in the formerly brisk market, Chinese startups are once again raising millions of dollars through listings on the American stock market. Hesai Group, a supplier of “lidar” technology for autonomous vehicles, listed on the Nasdaq on… Read More ›
Air India Places A Record Order With Airbus And Boeing For About 500 Aircraft
In an effort to reinvent itself under its new owners, Air India has signed a jumbo deal for about 500 new planes worth more than $100 billion at list prices. According to industry sources, this could be the airline’s single… Read More ›
Plans For Beginning Production In US For Vietnamese EV Maker VinFast Not To Be Affected By Job Cuts
Even though VinFast, a Vietnamese manufacturer of electric vehicles, is reducing its workforce in North America, the company has stated that it is still on track to begin production in the United States by 2024. The nation’s first domestic automaker… Read More ›
ChatGPT Craze Engulfs China As Companies Clamber For Homegrown Alternatives
Although Microsoft-backed OpenAI has restricted access to its popular ChatGPT app in China, the app is generating a lot of interest in the country, with companies rushing to integrate the technology into their products and launch competing solutions. While residents… Read More ›
Fast Food Dominates As Inflation Pressures More Expensive Restaurants
As fast-casual and casual-dining restaurants struggle to draw in patrons, fast-food chains appear to be the big winners in the fourth quarter and beyond. Although many publicly traded restaurant businesses have yet to release their most recent quarterly results, for… Read More ›
As Part Of The Final Critical Step Before Orbital Launch,Starship Booster Successfully Tested By SpaceX
SpaceX tested 31 of the 33 engines in its Starship prototype’s towering rocket booster on Thursday, as the company prepares to launch the rocket into orbit for the first time. The “static fire” test is the final major hurdle before… Read More ›
15% Of Staff Axed By Zoom As Rejig In Post-Pandemic Environment
Zoom, a well-known provider of video conferencing services that saw a surge in remote work during the Covid pandemic, is dismissing 1,300 employees. About 15% of its staff will be impacted by the change, which comes as user growth and… Read More ›
Drop In Demand From The US Puts Additional Pressure On Factories In China
After zero-Covid, some Chinese factories are not moving at full speed. According to CEO Jay Foreman, all 20 of the Chinese factories that U.S. toy manufacturer Basic Fun works with have instructed staff members not to report back to work… Read More ›
7,000 Jobs To Be Axed By Disney As The Company Conducts Major Restructuring, Says CEO
Disney will announce a significant restructuring in which it will eliminate 7,000 jobs and save $5.5 billion. Disney had previously stated that it intended to restructure into three segments while also laying off thousands of employees and reducing expenses. According… Read More ›
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