Economy
World / Countries / MNCs
Sam Altman, the Founder and CEO of OpenAI, saw his net worth reach $2 billion according to the Bloomberg Billionaire Index. However, it's noteworthy that despite his leadership in the AI research firm, the company's financial prosperity doesn't factor into this valuation. more
Sony to axe 900 employees in PlayStation division

Electronics major Sony on Tuesday announced the company will lay off 900 employees in its PlayStation division.

Nike decides to reduce 1600 employees

US sportswear giant Nike is planning to slash 1,600 people, which comprises 2 percent of its workforce, media reports said.

Tech major Cisco to layoff 5 percent of workforce

IT major Cisco on Wednesday announced its plan to lay off 5 percent of its global workforce.

The Body Shop collapses into administration in UK, over 2000 jobs are now at risk

Cosmetic chain The Body Shop has collapsed into administration in the UK, leaving more than 2,200 jobs at risk.

US department store chain Macy's to slash 2,350 jobs

US department store chain Macy's is laying off around 3.5 percent of its workforce and even planning to shut down five of its stores.

As India surges ahead in digital payments, US plays catch-up

Gene Bradford opens up his shop, West Main Auto Repair, each morning at 8 a.m in Lexington, Georgia (USA). He’s lived in the small, close-knit community of Oglethorpe County for yea ...

Apple overtake Samsung to become world's top smartphone seller

Apple has overtaken South Korean technological giant Samsung as the world’s top smartphone seller.

World Economic Forum Report says global economic prospects remain subdued and fraught with uncertainty amid ongoing geopolitical rifts, AI advancement

Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with hea ...

Reports says world’s five richest men more than doubled their fortunes since 2020

The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five bil ...