On Monday in a tweet, Indonesian President Joko Widodo stated, Indonesia has signed 11 business deals with the United Arab Emirates worth a combined $23 billion (314.9 trillion rupiah). The deals covers investments in areas including energy. Widodo mentioned that… Read More ›
jobs
Domino’s Pizza to exit from 4 international markets citing mounting losses
Sales in international markets have been down despite a turnaround plan. The decision to quit from these markets comes in the wake of the company announcing the retirement of its CEO Wild. On Thursday, Britain’s biggest pizza delivery company Domino’s… Read More ›
BNP Paribas to cut 500 jobs in France over the next 3 years
The job cuts will be routed through voluntary redundancies with employees having the option to relocate to other posts in Portugal. In a statement, BNP Paribas disclosed, it would cut nearly 500 jobs in France from its securities services business…. Read More ›
Amazon’s new warehouse in Germany will create 2800 new jobs
Amazon plans on opening a new warehouse in Germany’s western city Moenchengladbach, by the end of this year. Amazon.com Inc, the world’s biggest online retailer stated, it plans on opening a new warehouse in Germany later this year. The move… Read More ›
Unilever to close ice cream facility production factory in Henderson, Nevada
Employees at the plant can apply for open positions at other sites. In a statement Unilever said, it would be closing its ice cream manufacturing facility in Henderson, Nevada. As a result of this closure, 300 people are likely to… Read More ›
GE plans to cut 1,000 jobs from its Belfort site in France
GE’s first quarter results could be a bargaining point for the French government since profits rose more than what GE had expected. General Electric (GE) has announced a plan to slash nearly 1,000 jobs in France. The move is likely… Read More ›
Canaccord Genuity Group Inc to restructure capital market business over Brexit-related uncertainties
Canaccord Genuity Group Inc expects significant job cuts in its capital market business in the UK however, it will not effect its wealth management business in the UK or Europe. In a significant development, Canaccord Genuity Group Inc stated it… Read More ›
Bank of Japan’s quantitative and qualitative easing has boosted productivity: Yutaka Harada
Yutaka Harada, a member of Japan’s central bank – the Bank of Japan, is known for advocating aggressive monetary easing policies. On Monday, Yutaka Harada a board member from the Bank of Japan defended the central bank’s asset-buying spree program,… Read More ›
Theresa May hopes to win Brexiters with 1.6 billion pound ‘Stronger Towns Fund’
To a great extent, the fund will be used in areas north of England which have not had a fair share of the country’s prosperity. May is scheduled to present a revised deal in parliament on March 12. On Monday,… Read More ›
Societe General SA to trim jobs at its global banking and investor solutions business
The yet to be officially announced move is aimed at offsetting regulatory cost pressures. On Friday, as per a report from Bloomberg, French bank Societe General SA, plans on trimming thousands of jobs at its global banking and investor solutions… Read More ›