International Business

CEO Quits $68 Billion Firm To "Sit At The Beach And Do Nothing"

CEO Quits $68 Billion Firm To "Sit At The Beach And Do Nothing"

Edited by NDTV Business Desk | Wednesday June 29, 2022, New Delhi

Andrew Formica, the Chief Executive Officer of London-headquartered fund house, Jupiter Fund Management Plc, has surprised everyone by resigning suddenly.

Google Faces Antitrust Complaint By Danish Online Job Search Rival Jobindex

Google Faces Antitrust Complaint By Danish Online Job Search Rival Jobindex

Reuters | Monday June 27, 2022, Brussels

Google was hit with an antitrust complaint on Monday after a Danish online job-search rival took its grievance to EU regulators, alleging the Alphabet unit had unfairly favoured its own job search service.

Are Inflation Prospects Tapering? Bad News Is Now Good News For Markets

Are Inflation Prospects Tapering? Bad News Is Now Good News For Markets

Edited by Rahul Karunakar | Sunday June 26, 2022

Global markets: Bad news for the financial markets now appears to be quickly turning into good news.

States' Ranking On Ease Of Doing Business Likely On June 30

States' Ranking On Ease Of Doing Business Likely On June 30

Press Trust of India | Sunday June 26, 2022, New Delhi

The commerce and industry ministry is expected to release on Thursday the ranking of states and Union Territories (UTs) in terms of ease of doing business, according to an official.

Why There Is A Worldwide Oil-Refining Crunch? Here's An Explainer

Why There Is A Worldwide Oil-Refining Crunch? Here's An Explainer

Reuters | Wednesday June 22, 2022

Drivers around the world are feeling pain at the pump with fuel prices soaring, and costs are surging for heating buildings, power generation and industrial production.

Tesla Cancels June Hiring Events For China After Elon Musk's Job Cut Remark

Tesla Cancels June Hiring Events For China After Elon Musk's Job Cut Remark

Reuters | Friday June 10, 2022, Shanghai

Tesla Inc has cancelled three online recruitment events for China scheduled this month, the latest development after Chief Executive Elon Musk threatened job cuts at the electric car maker, saying it was "overstaffed" in some areas.

Twitter Plans Shareholder Vote By August On Sale To Elon Musk

Twitter Plans Shareholder Vote By August On Sale To Elon Musk

Thursday June 09, 2022

Twitter Inc anticipates a shareholder vote on its $44 billion sale to Elon Musk could come by early August, as it continues to work constructively to complete the deal with the world's richest person, the social media company's top executives told employees on Wednesday.

Global Inflation May Have Peaked, Three Key Indicators Show

Global Inflation May Have Peaked, Three Key Indicators Show

Michelle Jamrisko, Bloomberg | Tuesday June 07, 2022

Three of the key supply-side factors driving todays global inflation levels have already turned around, meaning relief could be on the horizon for shoppers worldwide.

Global Economic Slowdown Intensifies As China Services Activity Contracts Again

Global Economic Slowdown Intensifies As China Services Activity Contracts Again

Edited by Rahul Karunakar | Monday June 06, 2022, New Delhi

In yet another sign of a global economic slowdown, China's services activity contracted for the third month in a row in May.

"Super Bad Feeling" About Economy: Elon Musk Warns Of Tesla Job Cuts

"Super Bad Feeling" About Economy: Elon Musk Warns Of Tesla Job Cuts

Reuters | Friday June 03, 2022, San Francisco

Tesla chief executive Elon Musk said he had a "super bad feeling" about the economy and that the electric carmaker needed to cut staff by around 10%, according to an internal email seen by Reuters.

Emerging Market Forex Rallies Seen Short-Lived Due To High Inflation: Report

Emerging Market Forex Rallies Seen Short-Lived Due To High Inflation: Report

Reuters | Thursday June 02, 2022, Johannesburg/Bengaluru

Battered emerging market currencies will struggle to hold on to recent gains towards year-end as U.S. Federal Reserve interest rate hikes and inflation concerns keep the dollar in the forefront, a Reuters poll found.

Meta Platforms To Trade Under Ticker Symbol 'META' From June 9

Meta Platforms To Trade Under Ticker Symbol 'META' From June 9

Reuters | Wednesday June 01, 2022

Meta Platforms Inc said on Tuesday its Class A common stock will begin trading on the Nasdaq under the ticker symbol 'META' prior to market open on June 9, replacing its current ticker symbol 'FB'.

Toyota Misses Production Target In April Due to Covid, Parts Shortage

Toyota Misses Production Target In April Due to Covid, Parts Shortage

Reuters | Monday May 30, 2022, Tokyo

Japan's Toyota Motor Corp on Monday said it missed its global production target for April as Covid-19 outbreaks and a parts shortage slowed its post-pandemic recovery.

Ex-CEO Jack Dorsey Steps Down From Twitter Board

Ex-CEO Jack Dorsey Steps Down From Twitter Board

Kurt Wagner, Bloomberg | Thursday May 26, 2022

Twitter Inc. director Egon Durban, the co-Chief Executive Officer of private equity firm Silver Lake, failed to get enough votes for re-election to the board during the company's annual shareholder meeting Thursday.

World Economy Has "Buffer" Against Recession: IMF's Gita Gopinath

World Economy Has "Buffer" Against Recession: IMF's Gita Gopinath

Reuters | Tuesday May 24, 2022, Davos, Switzerland

While the world economy faces headwinds, current growth forecasts offer a buffer against a potential global recession, IMF's senior official said