Five dealers told Reuters that Indian sugar mills have been renegotiating and breaching commitments to deliver 400,000 tonnes of the sweetener to foreign buyers as prices increased as a result of the government reducing this year’s export quota. The renegotiations and defaults by Indian mills, the second-largest exporter of sugar, may help to support world […]
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According to the reports, Apple Inc., is preparing to start sourcing chips for its devices from a US-based manufacturing plant by 2024. In a bid to decrease its reliance on chip plants based in Asia, Apple is planning to source semi-conductor chips from a plant that is under construction in Arizona. The report comes after […]
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Nike has launched Swoosh, a Web3-enabled platform that will allow users to purchase, sell, and design virtual shoes and apparel eventually. Currently, in beta version. Swoosh has its own domain, and it will allow its members to learn about, collect and eventually co-create digital wearables such as jerseys and shoes, says Nike. After the release […]
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According to officials, the US has ordered Tata Group-owned Air India to pay USD 121.5 million in refunds and an additional USD 1.4 million in penalties for egregious delays in giving refunds to customers who had flights cancelled or changed, largely during the epidemic. Air India is one of the six airlines that have agreed […]
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The European Union warned that Eurozone was all set to fall into recession as the European Union increased inflation forecasts for 2022 and 2023 on the back of high energy prices. Europe is also reeling from the economic shockwaves caused by the Russia and Ukraine war that have fuelled a spike in energy costs, and […]
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Amazon Inc., plans to lay off around 10,000 employees, and it would be the largest reduction in the history of the company, according to reports. The mass layoffs can begin as soon as this week, and they will focus on the device organization of Amazon, the retail division, and human resources. Amazon did not confirm […]
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Rishi Sunak, prime minister of UK, said that citizens of the United Kingdom should expect higher taxes, and has argued that the financial markets of UK are expecting cuts to public spending. Rishi Sunak added that the reason financial markets was because they expected the UK government to clamp down on borrowing and minimize spending. […]
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Mobile phones will physically drive our lives for us, according to certain prophets and business gurus, or they will become a remote control for our entire existence. There is no doubt that the technology behind mobile phones and mobile networks has advanced so quickly over the past several years that it will be a thrilling […]
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In October 2022, consumer inflation reached 7.7 percent from a year earlier, and 0.4 percent from September 2022. This slowdown from 8.2 percent in September 2022, was the smallest increase since January 2022. A different gauge known as core inflation, which excludes food and energy, has increased by 6.3 percent in the past 12 months, […]
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As Amazon is reportedly conducting cost-cutting reviews of non-profitable businesses, the employees working at Amazon could join the thousands of laid off tech workers. Over the past few months, the technology industry has been very brutal. The news of the Amazon review to cut costs has been a boost for the stock price of the […]
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