Industries

Government Will Allow Uber, Ola To Charge 20% Commission On Ride Fares

Government Will Allow Uber, Ola To Charge 20% Commission On Ride Fares

Reuters | Friday November 27, 2020

The government guidelines recommended that so-called surge prices at busy times can be a maximum of 1.5 times the base fare and that companies must provide insurance cover for drivers and limit them to working no more than 12 hours a day

Disney To Lay Off Around 32,000 Workers In First Half Of 2021

Disney To Lay Off Around 32,000 Workers In First Half Of 2021

Reuters | Thursday November 26, 2020

Earlier this month, Disney said it was furloughing additional workers from its theme park in Southern California due to uncertainty over when the state would allow parks to reopen.

Foxconn To Shift Some Apple Production To Vietnam To Minimise China Risk: Report

Foxconn To Shift Some Apple Production To Vietnam To Minimise China Risk: Report

Reuters | Thursday November 26, 2020

Foxconn is building assembly lines for Apple's iPad tablet and MacBook laptop at its plant in Vietnam's northeastern Bac Giang province, to come online in the first half of 2021

Government's Import Hurdles Hit Apple iPhone, Xiaomi Devices From China: Report

Government's Import Hurdles Hit Apple iPhone, Xiaomi Devices From China: Report

Reuters | Wednesday November 25, 2020

BIS started delaying approvals in August for China-made imports of devices like smartphones, smartwatches, and laptops, after border tensions

Toyota Halts Operations Again As Union Strike Continues

Toyota Halts Operations Again As Union Strike Continues

Reuters | Tuesday November 24, 2020

The disruption follows several months of a slump in sales, and comes at a time when vehicle deliveries to dealers are picking up in anticipation of strong demand during the November festive period