If jobs are the primary measure of the strength of the American economy, the economy is colossally strong. In May, America added another 253,000 jobs, keeping up a string of muscular job reports that goes back over a year. The unemployment rate is 3.4%, nearly the lowest in five decades. Some economists believe the jobs numbers are the calm before […]

Rising tensions between China and Taiwan might be cause for concern for the small island nation. China has 10-times the military personnel that Taiwan has. While having the biggest military is not always indicative of military might, it certainly helps.  Taiwan is not the only country concerned about defense and global security in today’s dynamic world – and in the […]

UK car production rose in March as demand from foreign markets offset the fall at home and easing supply shortages of auto components such as semiconductor chips meant output grew in the first quarter amid the sustained surge in the popularity for battery electric vehicles, data from the Society of Motor Manufacturers and Traders, or SMMT, showed Friday. Car production […]

India is at a “tipping point” and a major focus for Apple, the technology giant’s CEO Tim Cook has said, terming the opening of its first two retail stores in the country – in Mumbai and Delhi – as a “milestone” for the company. Speaking at Apple’s Q2 2023 earnings call on Thursday, Cook emphasised the dynamism and vibrancy in […]

Nasdaq-listed information technology (IT) services firm Cognizant will incur the cost of $400 million over two years as it sets to restructure its operations amid sluggish growth rates. Its NextGen Program aims at simplifying the operating model, optimising corporate functions, and consolidating and realigning office space to reflect a post-pandemic hybrid work environment. As part of this structural shift, Cognizant […]

EXCLUSIVE: On the third day of its first strike in 15 years, the Writers Guild of America closed down Wall Street drama Billions for several hours Thursday. The shuttering of the Showtime series started on a chilly, gray Thursday morning in New York after a tow truck hauling a prop jeep to the set of Billions pulled up to a […]

Apple struggled in a tough economic climate during the quarter ending March 31, but still managed to beat Wall Street expectations. Total revenue in the company’s fiscal second quarter dipped 3% from the year-earlier period to $94.8 billion, while earnings per share were flat at $1.52. The tech giant set an all-time record for services revenue during the period, with […]

First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended April 22nd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 230,000, a decrease of 16,000 from the previous week’s revised level of 246,000. Economists had expected jobless claims to inch up to 248,000 from the 245,000 originally […]

Employees of Go First, which has filed for bankruptcy, hope that the airline will fly out of the crisis with government support but some are already scouting for work. Some Go First pilots have joined airlines in West Asia in recent weeks and others have approached IndiGo, India’s largest domestic airline. Calls to IndiGo’s human resources and operations department increased […]