Elon Musk has done it again—he’s brought the fight out into the open. This time it’s against Apple Inc. And it is a fight that is bound to be exciting. There are no legal tricks he could pull off, public shaming he could inspire, or any money he could throw away in pursuing both, that …
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Domino’s Pizza to Launch EV Fleet to Oversee the Delivery Shortage Issue
Pizza is certainly one of the most filling foods, and when it comes to pizza, one of the most anticipated names is Domino’s, with its widespread availability across the world. But, when it comes to the demand for pizzas, especially Domino’s, the US residents win it. This excess demand has led to a shortage in …
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Boeing Targetting Sustainable Aviation Fuel For All its Aircraft
The international aviation industry has already discussed its plan to obtain net zero carbon emissions by 2050. The authentic equipment manufacturer, namely, the renowned Boeing is decidedly traversing its way to convert the airline’s present fleet to an absolute 100% sustainable aviation fuel (SAF). To throw some light on SAF, it is a biofuel presented …
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Chip industry’s recovery relies on Tech Giants’ cost-cutting ventures
If the tech giants decide to undertake significant operating and CapEx cuts, the chip industry may be in for an extended slump. Amazon, Google, and Microsoft operate the largest public cloud services and have collectively shelled out $120.6 billion in capital expenditures in the last four quarters. Along with Facebook, they plan on scaling back …
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Japan’s inflation hits a 40-year high as BOJ sticks to easy policy.
Imported cost pressures and currency weaknesses have accelerated Japan’s core consumer inflation index to 3.6% year on year in October – a 40-year high. The Bank of Japan’s ultra-loose monetary policy coupled with even lower interest rates have together resulted in inflation rising way above its target of 2% in one year. The nearly 3.6% …
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The UK Increases Windfall Tax On Profits Of Oil And Gas Companies
Jeremy Hunt, Britain’s chancellor of exchequer or the treasury chief, said on Thursday that he’s increasing the windfall tax on profits of oil and gas companies. These announcements are part of an emergency budget that aims to restore the economic credibility of Britain and patch up its botched finances. Rise in windfall taxes According …
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TikTok Plans To Double Staff Despite Mass Layoffs
“Our cadence of hiring is just right for us; we are still hiring — although at a pace that we think corresponds with the global challenges that we are facing,” Mr. Chew, CEO of TikTok, said at a Bloomberg event in Singapore recently. These are soothing words for an industry heavily impacted by the global …
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Amazon Planning to Lay Off 10,000 Employees
Yes, you heard it right. This is real. The multi-million-making e-commerce company Amazon can no longer sustain its employees. Followed by many big tech companies around the globe, Amazon is also planning for layoffs. Read to know all about it. Why is Amazon Laying Off? Amazon plans to start laying off a striking number of …
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Air India Penalized Over Delayed Refunds
Air India, a company ranked among the 50 most prominent airlines in the world by fleet size, has been condemned with hefty charges by the U.S. Department of Transportation due to violation of rules in passenger refunds, leaving them with a penalty of $121.5 million. Air India is one of the largest operating airlines in …
Mark Zukerberg Sacks 11,000 Employees in Worst Tech Layoff
“Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve decided to reduce the size of our team by about 13 per cent and let more than 11,000 of our talented employees go”. With these words, Mark Zuckerberg, founder, and CEO of Meta laid off 11,000 employees, or about 13 …
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