Jeremy Hunt, Britain’s chancellor of exchequer or the treasury chief, said on Thursday that he’s increasing the windfall tax on profits of oil and gas companies. These announcements are part of an emergency budget that aims to restore the economic credibility of Britain and patch up its botched finances. Rise in windfall taxes According …
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“Our cadence of hiring is just right for us; we are still hiring — although at a pace that we think corresponds with the global challenges that we are facing,” Mr. Chew, CEO of TikTok, said at a Bloomberg event in Singapore recently. These are soothing words for an industry heavily impacted by the global …
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Yes, you heard it right. This is real. The multi-million-making e-commerce company Amazon can no longer sustain its employees. Followed by many big tech companies around the globe, Amazon is also planning for layoffs. Read to know all about it. Why is Amazon Laying Off? Amazon plans to start laying off a striking number of …
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Air India, a company ranked among the 50 most prominent airlines in the world by fleet size, has been condemned with hefty charges by the U.S. Department of Transportation due to violation of rules in passenger refunds, leaving them with a penalty of $121.5 million. Air India is one of the largest operating airlines in …
“Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve decided to reduce the size of our team by about 13 per cent and let more than 11,000 of our talented employees go”. With these words, Mark Zuckerberg, founder, and CEO of Meta laid off 11,000 employees, or about 13 …
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On Monday, the sphere of agriculture received a big boost as Zimbabwe disclosed the launch of its first-ever nano-satellite into space. Through this, they will be able to scan disasters, escalate agriculture, and also boost mineral mapping. This is an immensely thoughtful step taken by Zimbabwe to advance the sphere of agriculture. They made it …
Apple is not only renowned for its iPhone, but also for its whopping market value. The exponential growth of Apple has been vividly noticed in its market value, surpassing the industry giants Amazon, Alphabet, and Meta combined. Currently, Apple is standing tall at a worth of $2.307 trillion, with its competitor fellows jammed at $2.306 …
Honda has been proposing a battery-swapping infrastructure that would allow motorcycles, scooters, and other vehicles to use the same interchangeable power packs for several years; with the release of the Honda Power Pack Exchanger e:, the company has finally taken a major step toward realizing this vision. The Honda Power Pack Exchanger e:, first offered …
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In recent news, it has been heard that the Supreme Court of New York has stated the reinstation of the sanitation workers who were fired on grounds of not getting vaccinated against COVID-19. On Tuesday, sitting on Staten Island, Justice Ralph Porzio declared that the city’s health commissioner transgressed his authority when he asserted the …
On the 24th of October 2022 Rishi Sunak, the British Conservative Party politician was declared to be the Prime Minister of the UK. A momentous event that had led to a massive celebration in parts of the UK – especially among minority groups. That day, every corner of the globe was an onlooker of outright …
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The enterprise tech world is evolving with newer ambitions. While the wings of innovation are spreading to newer skies, the technologists are finding it hard to play catch-up and are making sure they are in tune with the technology juggernaut. CIOCoverage aims to bridge this very gap that exists between the tech-savvy where he rests, in the very heart of it. Awakening a keen insight in you to move along the flow, CIOCoverage works to make the entrepreneurs, versatile to the sturdy technological influences.
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