International Business

Amazon Reducing Its Private-Label Items Amid Weak Sales: Report

Amazon Reducing Its Private-Label Items Amid Weak Sales: Report

Reuters | Friday July 15, 2022

Amazon.com Inc has started reducing the number of items it sells under its own brands amid weak sales, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Sri Lanka's Economic Journey To Crisis, From Promise To Dystopia: 10 Facts

Sri Lanka's Economic Journey To Crisis, From Promise To Dystopia: 10 Facts

Reported by Aprameya Rao, Edited by Rahul Karunakar | Thursday July 14, 2022

The economic crisis in Sri Lanka has become political, with protesters taking to the streets against the political class. However, the genesis of the present crisis lies in rampant economic mismanagement since the 2000s.

Google Probed By Italy's Competition Watchdog Over Data Portability

Google Probed By Italy's Competition Watchdog Over Data Portability

Reuters | Thursday July 14, 2022, Milan

Italy's competition authority AGCM said on Thursday it has launched an investigation against Google over an alleged abuse of dominant position in data portability.

This Short-Selling Firm Backs Twitter, Bets Against Elon Musk

This Short-Selling Firm Backs Twitter, Bets Against Elon Musk

Reuters | Thursday July 14, 2022

Short-seller Hindenburg Research said on Wednesday it had taken a long position in Twitter Inc shares, sending the stock up about 8%, a day after the social media firm sued Elon Musk for backing out of his $44 billion deal.

Gita Gopinath Is First Woman To Join IMF's 'Wall Of Former Chief Economists'

Gita Gopinath Is First Woman To Join IMF's 'Wall Of Former Chief Economists'

Press Trust of India | Friday July 08, 2022, New Delhi

India-born Gita Gopinath became the first woman and second Indian to feature on the 'wall of former chief economists' of the International Monetary Fund (IMF).

Will The Next Recession Be Worse Than 'Great Financial Crisis'?

Will The Next Recession Be Worse Than 'Great Financial Crisis'?

Rich Miller, Bloomberg | Monday July 04, 2022

Recessions, like unhappy families, are each painful in their own way. And the next one -- which economists see as increasingly possible by the end of next year -- will probably bear that out. A US downturn may well be modest, but it might also be long.

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.