Electric car maker Tesla has announced to its employees that there would be a 9 percent cut in its workforce where the jobs cuts would mostly be done for salaried positions.   At present, there is about 46,000 employees with the company and it has hired about 8000 of them this year itself....

Following accusations of bias and the raging ongoing controversy over fake news, social media giant Facebook and put up an advertisement seeking applications for “news credibility specialists” for checking the facts of content that appears on its site.   The latest lob listings were posted...

The HorizonX venture capital arm of Boeing will make a significant investment in a San Francisco startup called Kittyhawk that is engaged in offering end-to-end software solutions for autonomous drone operations, the aircraft maker announced recently.   This investment was made while Boeing...

Southeast Asia is the new targte market for expansion for the U.S. based office sharing firm WeWork. The company is looking to aggressively expand into this region.   The company had first set foot in this market in December last year with the setting up of a bran din Singapore. The company...

Following the Brazilian government being forced to reduce diesel prices after pressure form a nation wide truckers’ strike, Pedro Parente, the chief executive officer of the state owned oil producer of the country – Petroleo Brasileiro, resigned from his post.   The resignation coincides...

Following the emergence of reports that ambulances had to be called 600 time in the last three years at the UK warehouses of Amazon, there were accusations against the e-retailer of treating staff like robots.   115 call-outs to Amazon’s site in Rugeley, near Birmingham – which included...

Reports suggest that two top companies form the United States could get themselves listed next year.   Both the companies would be ready to goo public in 2019, said the CEOs of Uber and Airbnb at a tech conference recently. However, this does not automatically mean that they are actually...

Japan’s SoftBank Group Corp has agreed to invest $2.25 billion in GM Cruise Holdings LLC which is the autonomous vehicle unit of the U.S. based car maker, said General Motors Co on Thursday which could significantly hasten the wide-scale deployment of self-driving cars, said the company.  ...

Apple has won a $539 million case against Samsung Electronics in relation to copying features of Apple's original iPhone.   The verdict was given by a US court against the South Korea's company which will have to pay the amount in damages to Apple.   This ruling by the court is the...

Following the death of 13 people in police firing in Tamil Nadu district of India just outside of mining firm Vedanta’s Indian copper smelter, a call has bene given by John McDonnell to delist the company from the London Stock Exchange.   More than 20000 people had gathered outside of the...

Lenovo Group announced a 11% year-on-year increase in revenues at $10.6 billion in the fourth fiscal quarter FY2017/18 which is the first double increase in 10 quarters.   The pre-tax income of the group was 143% year-on-year increase at $37 million compared to $15 million in the same...