Tuesday, February 4, 2025

BUSINESS/ECONOMY

Germany’s top newspaper slashing 20% of jobs, replacing workers with AI

German media giant Axel Springer is laying off 20 per cent of newsroom jobs and apparently replacing some employees with artificial intelligence (AI)...

Australia threatens to fine Musk’s Twitter over rising online hate

Australia's cyber regulator on Thursday issued a legal notice to Elon Musk-run Twitter, seeking information about what the social media giant is doing...

Uber lays off 200 employees in recruitment division to cut costs

Ride-hailing major Uber is laying off 200 employees within its recruitment division as another measure to streamline costs. The latest job cuts target 35...

PM Modi meets top American CEOs, seeks technological collaboration

Prime Minister Narendra Modi, who is currently on a state visit to the US, met a cross section of American CEOs in Washington...

US FTC sues Amazon for ‘knowingly duping’ customers to sign up for Prime

The US Federal Trade Commission has sued e-commerce giant Amazon over alleged 'deceptive' tactics to sign up customers for its Prime service. The complaint,...

Yogi’s initiative for fortified rice distribution

In an initiative to facilitate distribution of 'fortified rice' to 15.05 crore beneficiaries of the Centre's Rice Fortification Scheme, covered under the National...

TCS bags $1.1 bn deal to digitally transform UK’s Employment Savings Trust

Tata Consultancy Services (TCS) and National Employment Savings Trust (Nest), the UK's largest workplace pension scheme, on Wednesday announced the expansion of their long-standing...

‘Besides inflicting financial harm on govt revenues, smuggling also undermines stability of economy’

Navneet Mohan Kothari, Managing Director of the Madhya Pradesh Industrial Development Corporation, said here on Wednesday that smuggling not only inflicts considerable financial...

Employees sue Musk’s Twitter over failure to pay 2022 bonuses

Elon Musk-run Twitter has been sued by its employees over its failure to pay bonuses for last year, despite promises that the company will...

Dehradun-bound IndiGo flight returns to Delhi after technical snag

A Dehradun-bound IndiGo flight returned to Delhi after taking off from the Indira Gandhi International (IGI) airport here on Wednesday following a technical...