A terrible year for world economy, 2022 has been marked by troubles with supply changes that appear to never end, decreased spending, rising gas prices, and a stock market that has collapsed. The U.S. hasn’t been immune to economic problems, despite the fact that the currency is at its best point in a very long […]
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Mark Zuckerberg, the CEO of Meta, revealed that 11,000 employees have been let go, as a result of significant layoffs. People who lost their employment at Facebook are currently in a worse condition. An IITian named Himanshu was left in shock after traveling to Canada, two days prior to joining Meta. This employee was let […]
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India is set to become the third-largest economy and stock market in the world by the end of this decade, with the GDP likely to cross 7.5 trillion dollars by 2031, which is more than double the current level, according to US banking group Morgan Stanley. According to Morgan Stanley, India is gaining more power […]
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Meta’s chief executive officer Mark Zuckerberg, confirmed that Meta will start laying off employees globally, the Wall Street Journal reported. Mark Zuckerberg addressed Meta’s executives, highlighting large cuts in the staffs. Mark Zuckerberg also mentioned recruiting and business teams as groups, which would see layoffs, adding an internal announcement of Meta’s layoff plans. Mark Zuckerberg […]
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Due to low demand, about 50 million doses of Covaxin, a COVID-19 vaccine produced by Bharat Biotech, are expected to run out early in the following year. Despite having planned for production to achieve a yearly capacity of 1 billion doses by the end of 2021, Bharat Biotech, halted manufacturing the two-dose immunization Covaxin earlier […]
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Taiwanese airline company EVA Air has started operating four flights per week from Taipei to Munich in Germany for the first time. The airline company will use the Boeing 787-9 aircraft that will take off from Munich on Monday, Wednesday, Friday, and Saturday for Taiwan. Jost Lammers, chief executive officer of Munich Airport, said that […]
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Grant Shapps, business secretary of the UK, announced a 95 million pound boost to develop the super-materials of the future, supporting research and innovation in the advanced materials sector at the UK’s Henry Royce Institute. The funding, awarded through the Engineering and Physical Sciences Research Council (EPSRC), cements the position of the United Kingdom as […]
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The shipments of Apple’s newest premium iPhones will be lower than previously expected after China’s COVID-19 lockdowns affected operations at a supplier’s factory, Apple Inc. warned. Apple continues to see strong demand for the iPhone 14 Pro and iPhone 14 Pro Max models, but the COVID-19 lockdowns in China mean customers will see long wait […]
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The COVID-19 curbs imposed in China are again hurting many businesses in China. Several top global and Chinese companies, from automobile companies to tech giants, have experienced large disruptions to their businesses in recent days. The authorities of China imposed a seven-day lockdown in the area that have biggest iPhone assembly factory in China, in […]
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L&T Technology Services (LTTS) has opened a new engineering research and development (ER&D) centre in Toronto, Canada. This new R&D facility in the development of digital solutions for the transportation industry that covers railway engineering, for a global aerospace and rail major. This new centre will is company’s third nearshore global design centre in two […]
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