Asda to slash jobs & cut pay for night staff in a bid to boost profits

Asda to slash jobs & cut pay for night staff in a bid to boost profits

Date: 2023-01-27Author: Pankaj Singh

Asda, the well-known British supermarket chain, has reportedly unveiled a planned restructuring that will put hundreds of employees in danger and shift thousands to lower-paying positions. Apparently, this third-largest grocery store chain in the ....

PM Sunak defends giving more leveling up share to south-east England

PM Sunak defends giving more leveling up share to south-east England

Date: 2023-01-20Author: Pankaj Singh

The U.K.’s PM Rishi Sunak has reportedly defended the most recent round of leveling-up funds, which found the wealthier South East of England area receive more funding than the north-east. According to the prime minister, the north had obtai....

FAA: Technical issues can further delay flight operations in the U.S.

FAA: Technical issues can further delay flight operations in the U.S.

Date: 2023-01-13Author: Pankaj Singh

Normal air traffic activities are reportedly restarting in the United States after flights were suspended on Wednesday, according to the Federal Aviation Administration (FAA). The FAA stated that the issue was caused by a corrupt database file and....

EU slaps €390M fine on Meta over unlawful use of data for targeted ads

EU slaps €390M fine on Meta over unlawful use of data for targeted ads

Date: 2023-01-06Author: Pankaj Singh

Meta, the renowned American tech giant, has reportedly been slapped with a €390 million (US$413 million) fine for breaching the European Union data regulations. The Irish Data Protection Commission (DPC) stated that Meta's request for per....

The U.K.: Over two-thirds of consumers to reduce non-essentials in 2023

The U.K.: Over two-thirds of consumers to reduce non-essentials in 2023

Date: 2022-12-30Author: Pankaj Singh

Two-thirds of the U.K. consumers are reportedly intending to reduce their non-essential spending in 2023 due to concerns regarding the rising cost of living, according to a survey. Well-known accounting firm KPMG stated that 61% of customers in a ....

Twitter rolls out View Count on tweets for iOS and Android users

Twitter rolls out View Count on tweets for iOS and Android users

Date: 2022-12-23Author: Pankaj Singh

Twitter, the renowned social media platform, has reportedly rolled out its new view count feature where users can see how many views they got on their tweets. As per reports, this feature is available for iOS and Android users and will be accessib....

Allkem completes the acquisition of lithium tenements and the sale of Borax

Allkem completes the acquisition of lithium tenements and the sale of Borax

Date: 2022-12-16Author: Pankaj Singh

Allkem Limited, a specialty lithium chemicals company, has reportedly finalized the sale of manufacturer Borax Argentina to Golden Wattle Springs Pty Ltd (a group associated with MSR). Under this transaction, Allkem transferred all the issued shar....

Abiogen Pharma takes over Altamedics in a deal worth $8 million

Abiogen Pharma takes over Altamedics in a deal worth $8 million

Date: 2022-12-09Author: Pankaj Singh

Italy-based pharmaceutical company Abiogen Pharma S.p.A. has reportedly completed the acquisition of Altamedics GmbH, a German pharmaceutical distribution company, which is slated to become the first foreign branch of Abiogen. The acquisition, worth ....

CDC awards Illinois $86M to reinforce its public health infrastructure

CDC awards Illinois $86M to reinforce its public health infrastructure

Date: 2022-12-02Author: Pankaj Singh

Governor of Illinois JB Pritzker and the Illinois Department of Public Health (IDPH) has reportedly announced that the State of Illinois has been awarded $86 million in federal funding to reinforce the state’s public health workforce and infras....

Lockdowns in China expand as COVID-19 cases reach record levels

Lockdowns in China expand as COVID-19 cases reach record levels

Date: 2022-11-25Author: Saipriya Iyer

World's most populace country, China, is reportedly extending lockdowns, including in the central city where factory workers recently clashed with police, as its COVID-19 cases hit a new record. According to sources, people in Zhengzhou's ....

Transition VC unveils $48 million fund to encourage energy transition

Transition VC unveils $48 million fund to encourage energy transition

Date: 2022-11-24Author: Saipriya Iyer

Transition VC, a well-known venture capital fund, has recently announced the launching of its maiden fund with a corpus target of around USD 48 million (400 crores), which includes a greenshoe option of around UDS 24 million (200 crores). Apparent....

Oil rises after Saudi Arabia denies report of increased OPEC+ supply

Oil rises after Saudi Arabia denies report of increased OPEC+ supply

Date: 2022-11-23Author: Pankaj Singh

Oil prices in early Asian Trade rose slightly following the denial of media reports that Saudis were in discussions for increasing oil supply with OPEC and its allies made by Saudi Arabia The prices of oil slightly increased in Asian Trade recentl....

Fairmat nabs $35Mn to create a new material from carbon fiber composite

Fairmat nabs $35Mn to create a new material from carbon fiber composite

Date: 2022-11-22Author: Saipriya Iyer

French manufacturing startup, Fairmat has reportedly secured $35 million (€34 million) in a Series A round of funding to facilitate its plans to transform carbon fiber composite, which is no longer used, into a material that can be used to devel....

valU, TMG partner to offer easy payment solutions in Rehab, Madinaty's malls

valU, TMG partner to offer easy payment solutions in Rehab, Madinaty's malls

Date: 2022-11-21Author: Pankaj Singh

Lifestyle enabling solution, valU has reportedly partnered with the leading conglomerate in Egypt, TMG (Talaat Moustafa Group) to deliver convenient payment solutions to the clients of the latter’s s Gateway Mall and Open-Air Mall located in Al....

GoTo cuts 1,300 jobs as it expects uncertainties to last a long time

GoTo cuts 1,300 jobs as it expects uncertainties to last a long time

Date: 2022-11-19Author: Pankaj Singh

Internet company, GoTo Group is reportedly slashing 12% of its workforce, which is almost 1,300 jobs, as informed by the staff recently. Apparently, this move comes as Indonesia's largest internet company is looking forward to trimming costs a....

XeOPAR Fintech, Social Donut partner for global marketing and GTM strategy

XeOPAR Fintech, Social Donut partner for global marketing and GTM strategy

Date: 2022-11-18Author: Saipriya Iyer

Noida-based financial institution, XeOPAR Fintech has reportedly collaborated with well-known marketing agency, Social Donut for its global branding, marketing, and GTM (go-to-market) strategy. According to reports, with this partnership, both fir....

Russian shipments through Druzhba pipeline to Hungary start again: Report

Russian shipments through Druzhba pipeline to Hungary start again: Report

Date: 2022-11-17Author: Saipriya Iyer

According to credible reports, the prices of oil recently dropped by more than a USD (U.S. dollar) as Russian oil shipments via the Druzhba pipeline to Hungary were restarted, while surging cases of COVID-19 cases in China weighed on sentiment. It....

Steel makers’ profitability likely to be back on track in Dec quarter

Steel makers’ profitability likely to be back on track in Dec quarter

Date: 2022-11-16Author: Pankaj Singh

Post a challenging September quarter, the profitability of local steel makers is anticipated to get back on track given an increased demand and reduced input costs in the October-December quarter. As per credible sources, industry analysts see a r....

Quectel announces advanced additions to Wi-Fi module portfolio

Quectel announces advanced additions to Wi-Fi module portfolio

Date: 2022-11-15Author: Saipriya Iyer

China headquartered Quectel Solutions has announced expanding its Wi-Fi collection with the introduction of FC6xE series of Bluetooth/Wi-Fi modules, built on Wi-Fi 6E chip by Qualcomm. Developed to provide secure, faster, and more robust Wi-Fi exp....

US, ASEAN partnership to address ‘biggest issues of time’- Biden

US, ASEAN partnership to address ‘biggest issues of time’- Biden

Date: 2022-11-14Author: Pankaj Singh

Recently, U.S. President Joe Biden opened the U.S.-ASEAN Comprehensive Strategic Partnership in an effort to tackle the biggest issues of time- climate change, health, security, and more, at the 10th ASEAN-US Summit in the Kingdom of Cambodia. As ....

Nephron & Sharps collaborate to develop best manufacturing practices

Nephron & Sharps collaborate to develop best manufacturing practices

Date: 2022-11-12Author: Saipriya Iyer

Pharmaceutical firm, Nephron Pharmaceuticals Corporation and renowned medical device and pharmaceutical packaging company, Sharps Technology, Inc. have recently entered a partnership. With this collaboration, both firms look forward to developing ....