British fashion giant Burberry announced plans to slash almost one fifth of its global workforce, laying off 1,700 employees. The move comes as a major cost saving move to revive the company’s performance.The cuts come as part of a broader shake-up under chief executive officer Joshua Schulman, who joined the company last year to reverse…
Before the sun could rise over Los Angeles International Airport on a recent Tuesday, hundreds of Uber and Lyft drivers had formed a queue nearby, stretching around the block. It was 5 a.m., and the waiting game was about to begin. In a few minutes, the line of cars would file into a fenced-off parking…
Jaguar Land Rover (JLR) is facing a slow down in its sales in the Indian market amid uncertainty over the India-UK free trade agreement (FTA). The automaker’s top executives met at Bombay House on Monday to discuss the developments, a day ahead of the company’s quarterly results, ET reported quoting sources.Despite the recent slowdown, JLR…
Earlier this month, President Trump closed a longstanding loophole that had allowed a flood of inexpensive Chinese goods to be mailed to the United States without any tariffs. Starting on May 2, those packages faced a tariff of 120 percent or a $100 flat fee. After the United States and China agreed this week to…
India’s defence exports are in focus amidst the India-Pakistan tensions. (AI image for representative purpose only) Amidst a push for ‘Atmanirbhar Bharat’, India’s defence exports reached a record high of Rs 23,622 crore (approximately $2.76 billion) in the last financial year 2024-25. Compared to the previous fiscal year’s figure of Rs 21,083 crore, this represents…
Nvidia CEO Jensen Huang’s net worth soared to near $120 billion, up from $80 billion just a year ago, driven by surging demand for the company’s artificial intelligence chips.This boost lifts him higher up the ranks of the world’s wealthiest individuals on Forbes’ real-time billionaires list, according to a Reuters report.The chipmaker’s market value hit…
Gold’s support levels are at Rs 93,150-92,660, with resistance at Rs 94,000-94,450. (AI image) Gold rate today: Following profit booking, Gold June futures at MCX declined to Rs 93,195/10 grams, showing a decrease of Rs 452 or 0.48%, despite an initial upward movement in precious metals driven by reduced inflation.Similarly, Silver July futures contracts experienced…
Experts advise that if the policy is going to mature in 3-4 years, it is better to continue paying the premium. (AI image) Most taxpayers are shifting to the new tax regime. They will not only pay less tax but also be free from the maze of deductions and exemptions. Taxpayers who made the mistake…
Gold price predication: What are the key events that will shape the direction of gold prices going ahead? (AI image) Gold price prediction: Global gold prices have been fluctuating – from hitting new highs, to giving up those gains – as trade uncertainties are weighing on the yellow metal’s outlook. Domestically, the India-Pakistan conflict has…
Help Wanted. Looking for American researchers. As President Trump cuts billions of federal dollars from science institutes and universities, restricts what can be studied and pushes out immigrants, rival nations are hoping to pick up talent that has been cast aside or become disenchanted. For decades, trying to compete with American institutions and companies has…
