International Business News

Mark Zuckerberg Sells Nearly $190 Mn In Meta’s Shares

Mark Zuckerberg Sells Nearly $190 Mn In Meta’s Shares

Meta’s AR-VR division has lost close to $25 billion since the start of last year.

Dec 05, 2023, 09:50 AM IST
Binance CEO Pleads Guilty, Steps Down And Agrees To Pay $4.3 Bn In Fines, Richard Teng to be new ceo

Binance CEO Pleads Guilty, Steps Down And Agrees To Pay $4.3 Bn In Fines, Richard Teng to be new ceo

Richard Teng, Binance’s former global head of regional markets, will be the exchange’s new CEO, Zhao said in a post on X.

Nov 22, 2023, 11:28 AM IST
China’s Debt Trap Diplomacy And BRI Project: How China Is Leveraging Debt As A Strategic Weapon For Smaller Nations

China’s Debt Trap Diplomacy And BRI Project: How China Is Leveraging Debt As A Strategic Weapon For Smaller Nations

The financial China leverages, is seen in the context of China's Belt and Road Initiative, often raising concerns of debt trap diplomacy.

Nov 08, 2023, 12:25 PM IST
Bitcoin Rocketing Higher, Topping $35,000 For The First Time Since May 2022

Bitcoin Rocketing Higher, Topping $35,000 For The First Time Since May 2022

As investors look to diversify their portfolios in uncertain times, some turn to bitcoin, ironically as a kind of digital safe haven. 

Oct 24, 2023, 19:38 PM IST
Nokia Slashing 14,000 Jobs As Profit Sees Sharp Decline

Nokia Slashing 14,000 Jobs As Profit Sees Sharp Decline

Nokia, which currently has 86,000 employees on its rolls, plans to bring the headcount down to between 72,000 and 77,000.

Oct 20, 2023, 08:13 AM IST
95 Million Pakistanis Under Poverty, Urgent Reforms Needed To Achieve Economic Stability: World Bank

95 Million Pakistanis Under Poverty, Urgent Reforms Needed To Achieve Economic Stability: World Bank

Poverty in Pakistan rose within one year from 34.2 percent to 39.4 percent.

Sep 23, 2023, 15:37 PM IST
Binance To Sack Over 100 Employees, Ousts CEO Amid Fresh Layoff Round

Binance To Sack Over 100 Employees, Ousts CEO Amid Fresh Layoff Round

Binance's Brian Shroder will be replaced by general counsel Norman Reed, who joined the company in December 2021, on an interim basis.

Sep 13, 2023, 09:50 AM IST
China Bans Some Govt Officials From Using Apple iPhones: Report

China Bans Some Govt Officials From Using Apple iPhones: Report

Beijing has instructed some government staff to stop using iPhones through chat groups or meetings, according to a report in the Wall Street Journal.

Sep 07, 2023, 09:14 AM IST
Pakistan In Crisis: Neighbor's Currency Drops Record Low At 299 Rupee Against The Dollar

Pakistan In Crisis: Neighbor's Currency Drops Record Low At 299 Rupee Against The Dollar

Traders said the rupee fell 0.6% to an intraday low of 299 against the dollar. On May 11, it logged a record closing low of 298.93. That was two days after former prime minister Imran Khan was

Aug 22, 2023, 18:23 PM IST
Elon Musk, Father Of 10 Kids, Donates $10 Mn To Fertility Research: Report

Elon Musk, Father Of 10 Kids, Donates $10 Mn To Fertility Research: Report

Musk has fathered at least 10 children with three women, including the pop star Grimes and a top executive at his brain-implant firm Neuralink.

Aug 17, 2023, 13:26 PM IST
Media Mogul Rupert Murdoch, 92, Is Dating 66-Year-Old Retired Scientist

Media Mogul Rupert Murdoch, 92, Is Dating 66-Year-Old Retired Scientist

According to Daily Mail, citing sources, Murdoch started dating Zhukova after meeting her through his third wife Wendi Deng.

Aug 17, 2023, 07:31 AM IST
Pakistani Rupee Drops To 3-Month Low On First Day Of Caretaker Govt

Pakistani Rupee Drops To 3-Month Low On First Day Of Caretaker Govt

The drop was exactly in line with the market speculation that the domestic currency would face a fresh round of depreciation.

Aug 16, 2023, 07:29 AM IST
Mark Zuckerberg, Wife Priscilla Chan Lay Off 48 Employees From Their Philanthropic Organisation

Mark Zuckerberg, Wife Priscilla Chan Lay Off 48 Employees From Their Philanthropic Organisation

The impacted employees were offered a severance package which includes 16 weeks of base pay, continued health insurance and a $10,000 stipend, according to a report in The 74, a nonprofit news site

Aug 11, 2023, 12:38 PM IST
US Stocks Sink As Moody's Warns It Could Cut Credit Ratings Of 6 Big Banks

US Stocks Sink As Moody's Warns It Could Cut Credit Ratings Of 6 Big Banks

A lower credit rating could push funding costs for those banks even higher.  

Aug 09, 2023, 07:29 AM IST
US-Based Firm To Set Up Silicon Carbide Manufacturing Facility In Odisha With Rs 1,000 Cr Investment

US-Based Firm To Set Up Silicon Carbide Manufacturing Facility In Odisha With Rs 1,000 Cr Investment

The investment will be made by the group's Indian Subsidiary, RiR Power Electronics, Odisha Chief Minister's Office (CMO) said on Thursday.

Jul 27, 2023, 15:14 PM IST
US Fed Raises Interest Rates For The 11th Time In 16 Months

US Fed Raises Interest Rates For The 11th Time In 16 Months

The new hike, which was announced after a two-day meeting of the Fed’s top decision-making body, take the rate to the highest level in 22 years — to between 5.25 and 5.50 per cent.

Jul 27, 2023, 09:47 AM IST
Evernote Lays Off Most Of Its Employees, Moves Operations To Europe

Evernote Lays Off Most Of Its Employees, Moves Operations To Europe

Evernote became one of the first popular note-taking apps when it was launched in 2008.

Jul 10, 2023, 10:33 AM IST
Amdocs Lays Off 2,000 Employees In 2nd Job Cut Round This Year

Amdocs Lays Off 2,000 Employees In 2nd Job Cut Round This Year

In Israel where it was founded in 1982, Amdocs will slash 200 jobs, a reduction of approximately 4 per cent, according to a report in Israel-based website Calcalist. 

Jul 07, 2023, 10:33 AM IST
Pokemon Go Game Developer Niantic Lays Off 230 Workers, Cancels NBA, Marvel Games

Pokemon Go Game Developer Niantic Lays Off 230 Workers, Cancels NBA, Marvel Games

In June last year, the Pokemon GO game developer had laid off eight per cent of its workforce, which was said to be around 85-90 jobs.

Jun 30, 2023, 10:20 AM IST
A 56-Year-Old Millionaire Who Failed Country's Toughest Exam For 27th Time, Still Dreaming To Be An Intellectual, Studying 12 Hours Daily

A 56-Year-Old Millionaire Who Failed Country's Toughest Exam For 27th Time, Still Dreaming To Be An Intellectual, Studying 12 Hours Daily

Gaokao is well renowned for its competitive nature and the large stakes it bears for candidates, much like India's Joint Entrance Examination (JEE).

Jun 27, 2023, 12:08 PM IST