International Business News

Anwar Hussain Shaik named as new chair of a WTO committee; first Indian representation in 10 years

Anwar Hussain Shaik named as new chair of a WTO committee; first Indian representation in 10 years

Last time an Indian was a chair was ten years back, an official said. 

May 25, 2022, 18:04 PM IST
Tesla sexual harassment litigation to proceed in court, rules US judge

Tesla sexual harassment litigation to proceed in court, rules US judge

Tesla now must defend itself in court against claims that female employees face "rampant sexual harassment" at its Fremont, California-based factory.

May 25, 2022, 16:01 PM IST
Elon Musk's falls out of elite $200 billion club, net worth shrinks

Elon Musk's falls out of elite $200 billion club, net worth shrinks

Despite having over nearly $8 billion lopped off his net worth, Elon Musk still stands as the world's richest person. 

May 25, 2022, 10:55 AM IST
With petrol prices crossing Rs 420 and diesel Rs 400, Sri Lanka encourages people to work from home

With petrol prices crossing Rs 420 and diesel Rs 400, Sri Lanka encourages people to work from home

Sri Lanka has now raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, taking the most-used Octane 92 petrol price at Rs 420 (USD 1.17) and diesel at Rs 400 (USD 1.11) per litre.

May 25, 2022, 09:37 AM IST
Petrol at Rs 420, Diesel Rs 400 per litre; Fuel price is on fire in THIS country

Petrol at Rs 420, Diesel Rs 400 per litre; Fuel price is on fire in THIS country

Sri Lanka's Energy Minister Kanchana Wijesekera said on Twitter that the new prices will be effective from 3 pm on Tuesday.

May 24, 2022, 14:50 PM IST
Petrol at Rs 420, Diesel Rs 400 per litre, fuel price is on fire in THIS country

Petrol at Rs 420, Diesel Rs 400 per litre, fuel price is on fire in THIS country

Sri Lanka's Energy Minister Kanchana Wijesekera said on Twitter that the new prices will be effective from 3 pm on Tuesday.

May 24, 2022, 14:47 PM IST
Sri Lanka fuel crisis worsening: 2-day old infant dies as father couldn't find petrol

Sri Lanka fuel crisis worsening: 2-day old infant dies as father couldn't find petrol

Sri Lanka is currently facing a severe power and fuel emergency and is struggling to find dollars to import fuel and gas among other essentials.

May 23, 2022, 10:33 AM IST
Bezos reminds Amazon baiters how Wall Street, Business Week pundits missed a $62bn biz

Bezos reminds Amazon baiters how Wall Street, Business Week pundits missed a $62bn biz

Founder Jeff Bezos - who now owns 10 per cent of the company after he and wife MacKenzie divorced in 2019 after 25 years of marriage and he transferred a quarter of his then-16 per cent Amazon stake

May 20, 2022, 08:32 AM IST
Pakistani rupee touches 200 against US dollar in open market, investors concerned

Pakistani rupee touches 200 against US dollar in open market, investors concerned

Investors are concerned as there is speculation in the market that the IMF may not agree to resume the loan programme, following the government's reluctance to implement the prerequisite conditions.

May 19, 2022, 10:55 AM IST
Netflix lays off 150 employees amid slow revenue growth

Netflix lays off 150 employees amid slow revenue growth

Several top-notch creative professionals from its original series vertical, such as Sebastian Gibbs and Negin Salmasi, have been asked to go, reports TechCrunch.

May 18, 2022, 10:41 AM IST
Parag Agrawal shakes up Twitter, fires key executives, freezes hiring

Parag Agrawal shakes up Twitter, fires key executives, freezes hiring

In a memo sent to employees, Agrawal said there is a hiring freeze now and Twitter will also pause spending in most areas.

May 13, 2022, 12:21 PM IST
Amazon fires 2 warehouse workers who helped organise its 1st union

Amazon fires 2 warehouse workers who helped organise its 1st union

According to Motherboard, the victory at JFK8 in April marked the first time in the US labour history that workers have successfully unionised at the fiercely anti-union company.

May 10, 2022, 09:32 AM IST
‘No word of trust in world, only transactions’: Former ambassador Gurjit Singh

‘No word of trust in world, only transactions’: Former ambassador Gurjit Singh

Gurjit Singh that China still remains the largest trade partner for India, with the US in second place. 

May 07, 2022, 14:17 PM IST
China does more, India does better, says former ambassador Gurjit Singh on investments in Africa

China does more, India does better, says former ambassador Gurjit Singh on investments in Africa

Gurjit Singh highlighted that India offers a freer market than China. 

May 07, 2022, 13:52 PM IST
Elon Musk may take over as temporary CEO of Twitter

Elon Musk may take over as temporary CEO of Twitter

Twitter CEO Parag Agrawal has been leading the micro-blogging platform since November, after taking over the helm from Jack Dorsey.

May 06, 2022, 09:21 AM IST
'Ma' arrested in China, but what made investors of Alibaba dump $27 billion?

'Ma' arrested in China, but what made investors of Alibaba dump $27 billion?

China's state broadcaster CCTV first reported that police in Hangzhou, Alibaba's home city, had taken "compulsory measures" against an individual with the last name 'Ma'.

May 04, 2022, 17:53 PM IST
IBM Chairman Arvind Krishna elected to Board of Directors of Federal Reserve Bank of New York

IBM Chairman Arvind Krishna elected to Board of Directors of Federal Reserve Bank of New York

The Federal Reserve Bank of New York on Monday announced that 60-year-old Krishna has been elected as a Class B director, "representing the public with due but not exclusive consideration to the

May 04, 2022, 14:29 PM IST
Don't feel for me, pray for Twitter instead: Parag Agrawal responds to a user

Don't feel for me, pray for Twitter instead: Parag Agrawal responds to a user

Amid multiple reports that Musk has lined up a new CEO to replace him, Agrawal has already said that he took the job to change Twitter for the better, course correct where we need to, and strengthen

May 03, 2022, 12:26 PM IST
Warren Buffett won't pay even $25 for all Bitcoin in the world

Warren Buffett won't pay even $25 for all Bitcoin in the world

Addressing Berkshire Hathaway's annual shareholder meeting, the ace investor said Bitcoin is not a productive asset and doesn't produce anything tangible, reports CNBC.

May 03, 2022, 09:51 AM IST
Musk could fire Indian-origin Vijaya Gadde who makes $17 mn a year in Twitter--Know her severance package

Musk could fire Indian-origin Vijaya Gadde who makes $17 mn a year in Twitter--Know her severance package

Gadde will get a severance package worth $12.5 million that includes Twitter shares, reports The New York Post.

May 02, 2022, 14:30 PM IST