Google’s parent company Alphabet will cut 12,000 jobs, in the latest staff redundancies to hit the tech industry. Google and Alphabet CEO Sundar Pichai said he took “full responsibility” for…
Category: Business News
USA: Yahoo to slash 20% of its workforce
Yahoo plans to lay off more than 20% of its total 8,600 workforce as part of a major restructuring. The veteran tech company is reorganising its advertising unit, which will…
India: Indians outdrink France as top buyer of Scotch whisky by volume
India has replaced France as the world’s biggest buyer of Scotch whisky by volume, latest figures show. Whisky makers exported 219 million bottles to India, up 60% on 2021, the…
Pakistan: Karachi seeks IMF bailout to stave off economic collapse
Pakistan is holding last-ditch talks with the International Monetary Fund (IMF) to secure help to stem a deepening economic crisis that has all but emptied its foreign exchange reserves. It…
Nigeria: Bank workers use a ladder to flee protesters
A video of Nigerian bank staff members fleeing from bank premises by climbing over the security wall to escape irate customers has been widely speculated on social media. The workers…
USA: Elon Musk found not guilty of fraud over Tesla tweet
Tesla founder Elon Musk has been cleared of wrongdoing for a tweet in which he said he had “funding secured” to take the electric carmaker private. Mr Musk faced a…
India: Fraud claims against Adani group cost the empire $100 billion
A US research firm’s allegations of fraud against billionaire Gautam Adani’s business empire have sparked a political row in India. Opposition leaders stalled the functioning of parliament for a second…
Argentina: Central Bank unveils new 2,000-peso banknote as inflation bites
A new 2,000-peso banknote will be issued in Argentina in response to soaring inflation, the country’s central bank (BCRA) has confirmed. The new note – which will be worth $11…
India: Italian woman ‘punched and spat’ on two Vistara flight crew
The crew of an Indian airline tied an Italian woman to her seat during a flight after she allegedly punched one member of staff and spat on another. The woman,…
Libya: Gas deal with Italy prompts backlash
Key Libyan political figures have rejected an $8bn (£6.4bn) gas production deal overseen by the Tripoli-based Government of National Unity (GNU) and the Italian government. Rights groups and observers in…