International Archives - Page 4 of 6 -

04 Aug

Japan issues rare warning over fake X account

Priyanka Bhowmick0 CommentsBusiness, InternationalBusiness, International

Japan's Finance Ministry (MOF) on Thursday warned of a fake account for its top currency diplomat Masato Kanda on Social Media X, formerly known as Twitter, as markets fear currency interference within a month low of the yen. In a rare English-language post on X, the ministry said "Please do not follow impersonated accounts and/or comment on posts", saying such an X account did not allegedly belong to Kanda or his staff. "The MOF is currently requesting that X (formerly Twitter) suspend the impersonated account. Thank you for your cooperation", it said on its official account. The account, named "Masato…

01 Jul

Apple’s market value breaches $3 trillion mark

Priyanka Bhowmick0 CommentsBusiness, InternationalBusiness, International

Apple Inc's market capitalization breached the $3 trillion mark again on Friday, as investors bet on the iPhone maker's ability to grow revenue even as it explores new markets such as virtual reality.Shares of Apple, the world's most valuable listed company, rose 0.9% to $191.4 in morning trading. Apple's market value briefly topped $3 trillion on January 3, 2022, before closing the session just below that mark.The latest gains in Apple shares came as the technology stock rebounded on bets that the Federal Reserve could slow its interest rate hikes as well as buzz around artificial intelligence.

29 Jun

Presumed human remains found in Titan sub wreckage

Priyanka Bhowmick0 CommentsAccident, International, SikkimInternational

Human remains have been recovered from the wreckage of the Titan submersible, which was returned to land Wednesday, the U.S. Coast Guard said. The return of debris to the Port of St. John's, Canada, is an important part of the investigation into why the submarine exploded and the five people on board were killed. The Titan submarine, owned and operated by OceanGate Expeditions, suffered a catastrophic explosion earlier this month while sailing to see the wreckage of the Titanic. The twisted parts of the 22-foot submersible washed ashore at a Canadian Coast Guard pier on Wednesday. Officials said its landing…

24 Jun

Singapore’s Grab slashes 1,000 jobs in biggest round of job cuts since pandemic

Priyanka Bhowmick0 CommentsBusiness, InternationalBusiness, International

Singapore's ride-hailing company Grab is cutting about 1,000 jobs, or about 11 percent of its workforce. This is the biggest round of job layoffs by the Southeast Asian tech giant since the pandemic, when it laid off about 360 employees in 2020. Grab CEO Anthony Tan said the layoffs were not a "shortcut to profits" but part of a fundamental shift in the company's operating model and cost structure. He described the decision to lay off around 1,000 employees as a 'painful but necessary step'. In a letter to Grab staff, Tan wrote, “I want to be clear that we…

23 Jun

Olx Group lays off 800 employees worldwide

Priyanka Bhowmick0 CommentsBusiness, India, InternationalBusiness, Entertainment, India

In the last few years, many big and small companies around the world have retrenched employees. In this series, the online marketplace OLX Group has announced plans to reduce its workforce globally and has laid off a large number of employees. The group has laid off around 800 employees worldwide. Let us tell you that OLX Group has business in 30 countries, including India, and its headquarters are in Amsterdam. According to a report in TechCrunch, after searching for potential buyers and investors, the company has started winding down operations of its automotive unit, OLX Auto, in the market. A…

17 Jun

China’s President Xi to meet with Bill Gates in Beijing

Priyanka Bhowmick0 CommentsInternationalInternational

Chinese President Xi Jinping met with 'old friend' Bill Gates after many days. They met in Beijing on Friday. This is the first visit of Bill Gates, one of the world's richest men, to China after nearly three years of isolation from the rest of the world and the end of strict Covid controls. He took part in this visit with a group of Western business leaders. During the visit, a meeting was held between the Chinese President and Bill Gates. "You are the first American friend I have met in Beijing this year," Xi Jinping told Bill Gates during…

15 Jun

Google reminds Pakistan of its general elections with a special doodle

Priyanka Bhowmick0 CommentsInternationalInternational

Google's new Doodle reminds the people of Pakistan that the country is going to hold elections this year. Pakistan's last elections were held in 2018 where former cricketer Imran Khan's Pakistan Tehreek-e-Insaf party secured a comfortable victory by winning 149 of the 342 seats in the National Assembly with a vote share of 31.82 percent. However, the Imran Khan government was ousted from the government last year and Prime Minister Shehbaz Sharif took over. Khan blamed the then army chief General Qamar Javed Bajwa and the US for plotting his ouster. Pakistan's next general election is scheduled to be held…

05 Jun

Twitter ropes in ex-NBCUniversal’s EVP, Joe Benarroch

Priyanka Bhowmick0 CommentsBusiness, InternationalBusiness

Elon Musk's Twitter is hiring NBCUniversal senior executive Joe Benarch to focus on business operations.At NBCUniversal, Benark was executive vice president of communications, global advertising and partnerships. In a memo to colleagues on Sunday, Benarch said he was taking a business operations position at Twitter. "I look forward to bringing my experience to Twitter and working with the entire team to build Twitter 2.0," he wrote. “Welcome to the flock, @benarroch_joe! From one bird to the next," tweeted Incoming Twitter CEO Linda Yaccarino

21 May

India launches ‘Operation Karuna’ to assist cyclone-hit Myanmar

Priyanka Bhowmick0 CommentsIndia, International

The neighbouring country of India, Myanmar witnessed a devastating cyclone Mocha. To help Myanmar from recovering the destruction, India launched ‘Operation Karuna’. Under this operation relief materials will be transported to cyclone hit country Myanmar. 3 Indian Navy ships carrying essential items have reached Yangon on Thursday and a fourth ship would be reaching on Friday, External Affairs Minister S. Jaishankar said on Twitter. “The ships are carrying emergency food items, tents, essential medicines, water pumps, portable generators, clothes, sanitary and hygiene items, etc,” Mr. Jaishankar said. India extended a hand of friendship to the people of Myanmar affected by…

16 May

Mark Zuckerberg’s move toward AI is based on his experience with Crypto and Metaverse

editor0 CommentsBusiness, International

This isn't the first time Zuckerberg has shifted his focus from one new technology to another. Earlier, Zuckerberg had taken the same stance on crypto and metaverse. (File photo). After various experiments on crypto and the metaverse, Mark Zuckerberg has now turned to AI in his quest to define the future of meta. Facebook becoming Meta on October 28, 2021, was a sign of how quickly Mark Zuckerberg wanted to change the social network he created. Facebook was founded in 2004 and has so far maintained its relevance primarily through acquisitions. It seems the challenge Zuckerberg is facing is moving…