Economy
World / Countries / MNCs
The Occupied Palestinian Territory is now in its deepest economic crisis ever recorded, with Gaza suffering an “unprecedented and catastrophic” collapse, according to a new report from the UN Conference on Trade and Development (UNCTAD) presented in Geneva on Tuesday. more
Global Industry Summit: Leaders assembly in Riyadh to debate tackling challenges

Leaders from across the world are debating how industry can help tackle some of the world’s most urgent challenges – from climate change and food insecurity to the need for fa ...

Wealth gap spirals—UN urges urgent industrial deal for world’s poorest

Ministers and leaders from across the world’s 44 least developed countries have pledged to accelerate industrialisation that benefits all, and strengthen resilience in the face of g ...

Amazon sacks over 1,800 engineers in major layoff

Amazon has announced major layoffs, with engineers bearing the brunt of the cuts, according to reports.

Shocking UNICEF Report: 20% of the world’s children still living in extreme poverty!

More than 19 per cent of children worldwide live in extreme poverty, surviving on under $3 a day, according to a new UNICEF report.

Mass layoffs hit US workers: 153,000 jobs disappear in October

U.S.-based employers announced 153,074 job cuts in October, up 175% from the 55,597 layoffs reported in October 2024 and 183% higher than the 54,064 cuts announced in September, according ...

AWS, OpenAI announce $38 billion multi-year strategic partnership to accelerate innovation

Amazon Web Services (AWS) and OpenAI have announced a multi-year, strategic partnership that provides AWS’s infrastructure to run and scale the AI firm's core artificial intelli ...

Tech shock in 2025: 218 companies slash 1,00,000 jobs

2025 witnessed major IT firms further expanding their AI role, besides laying off over 1,00,000 employees across 218 companies, as per data released by Layoffs.fyi.

Amazon notifies some staff about layoffs before they arrive at office

Thousands of Amazon employees woke up to a text received on their mobile phones, notifying them that they had been removed from their jobs.

Amazon plans massive layoffs: Biggest job cuts since 2022

Amazon is preparing for its largest layoffs, mostly in corporate roles, according to media reports.