Amazon is offeringvoluntary buyouts to some of the company’s employees as it looks for ways to reduce its workforce, in addition to the mass layoffs already underway. According to internal company documents reviewed by CNBC, voluntary layoffs” were sent to certain departments on Tuesday
The Indian government has prioritized infrastructure development, believing it will have a multiplier effect in stimulating economic growth. The government’s commitment to this sector is clear, as it consistently increases its budgetary allocation for infrastructure development. In any develop
When the UN World Food Program makes records, it does not bode well for the world. Since 2020, when the program has helped 116 million people, every year has been a record. This year, it will help more than 150 million people. Acute hunger is caused by three things: conflict, climate disruption, and
Microsoft is changing its sexual harassment policies in response to findings from law firm Arent Fox Schiff, which it hired to evaluate the company’s policies on sexual misconduct and discrimination in the workplace. ‘ The 50-page report includes several recommendations that Microsoft wi
CHS Inc., the nation’s leading agribusiness cooperative, today announced the appointment of Megan Rock as vice president, sustainability and innovation and chief sustainability officer (CSO). She is responsible for developing and executing sustainability and innovation strategies acr
McLaren Applied has announced the success of its bid to provide the 5G onboard connectivity solution for Network Rail infrastructure monitoring trains. The contract will see the company’s patented F1-derived Fleet Connect software installed on its first-of-its-kind Active Antenna hardware, support
Mumbai-based mining giant Vedanta plans to sell Electrosteel Steels Ltd. to focus on its mining and industrial businesses and reduce debt on its balance sheet, which stood at $11.7 billion at the end of March, the Economic Times reported on November 15. Vedanta said it has approached companies such
Transcend Energy Group, a recently funded company, claimed that a small structural change in the engine could improve the efficiency and effectiveness of internal combustion engines. The team unveiled its design change at the recently concluded SEMA show in Las Vegas. As the world waits for electric
The United States has ordered Tata-led Air India to pay $121.5 million in compensation to passengers. Six airlines have been ordered by the US to pay $600 million in refunds Officials said there have been extreme delays in issuing refunds to travelers due to flight cancellations or changes, mostly d
Until last week’s spectacular collapse of the digital asset exchange FTX, the headlines were Iran’s use of cryptocurrencies to overcome the disadvantages of its isolation from the global financial system. Earlier this month, Reuters news agency reported that leading crypto exchange Bin