Google will lay off 12,000 jobs across the globe, its CEO Sundar Pichai announced on Friday, becoming the latest tech giant after Microsoft, Facebook and Amazon to retrench staff en mass amid the global economic downturn. In an email to employees, the Indian-origin CEO said: “I have some difficult news to share. We’ve decided to reduce our workforce by approximately […]

The UK economy unexpectedly expanded in November as the FIFA World Cup boosted sales of food and beverages, data from the Office for National Statistics revealed Friday. Gross domestic product grew 0.1 percent on a monthly basis in November, confounding expectations for a fall of 0.2 percent. Nonetheless, the pace of growth eased sharply from 0.5 percent in October. GDP […]

Indians remitted close to $2 billion in November under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS), latest data released by the central bank showed. Outward remittances under the scheme jumped 29 per cent to $1.99 billion compared to $1.54 billion in the year-ago month. Sequentially, outward remittances under the scheme were up about 3.5 per cent. International […]

Newly minted Netflix Co-CEO Greg Peters and Ted Sarandos, who has held that title since 2020, say no major strategic shifts are in the immediate offing after Reed Hastings passed them the leadership baton. “We don’t have a bank of changes that we’ve been holding for this moment,” Peters said during the company’s fourth-quarter earnings interview, “so mostly it’s just […]

UPDATED WITH MORE DETAILS AND HANNAH GUTIERREZ-REED’S STATEMENT Following New Mexico First Judicial District Attorney Mary Carmack-Altwies’ charging Alec Baldwin with two counts of involuntary manslaughter in the death of DP Halyna Hutchins on the set of Rust, the Oscar nominated actor’s attorney has spoken out. “This decision distorts Halyna Hutchins’ tragic death and represents a terrible miscarriage of justice. […]

The Bank of Japan is set to review the side-effects of its massive monetary easing during the policy session on January 17 and 18, and may make additional policy adjustments to correct the distortions in the yield curve, the Yomiuri Shimbun newspaper reported Thursday, without citing sources. In the December monetary policy session, the nine-member board unexpectedly decided to expand […]

It may plan a significant hike in budgetary support aimed at completing the balance 8.4 million dwellings by March 2024. With the forthcoming Budget being the last full Budget ahead of the 2024 general elections, the Narendra Modi government is expected to continue with its big thrust on the rural housing scheme, the Pradhan Mantri Awas Yojana-Grameen (PMAY-G). It may […]

‘Each state and central government body may be asked to update its system to ensure PAN is used as a common identification to access its services.’ The Union Budget 2023-2024 is likely to roll out the legal and operational framework for adopting the permanent account number (PAN) as a single business identification. This will apply to all businesses securing approvals, […]

With mortgage rates spiking above 7% for the first time in 20 years, the pandemic-fueled housing boom came to a screeching halt in 2022. The after-effects of easy monetary policy, skyrocketing energy prices, and supply chain issues converged to bring inflation to a boil. In response, the Federal Reserve hiked its target interest rate by more than 4% in a […]