international News

US stocks end mixed following disappointing data

US stocks end mixed following disappointing data

New York: Wall Street's major averages closed mixed on Thursday as market sentiment was dented in the wake of another dismal weekly report on US jobless claims.The Dow Jones Industrial Average rose 11.93 points, or 0.05 per cent, to 26,281.82. The S&P 500 fell 10.52 points, or 0.34 per cent, to ...

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TN CM writes to global auto companies to invest in TN

TN CM writes to global auto companies to invest in TN

Chennai: Tamil Nadu Chief Minister K. Palaniswami has written to the global heads of 11 automobile manufacturers urging them to invest in the state.In a statement issued here, the government said due to the impact caused by Covid-19 to the world economy, many overseas industries are likely to exit f...

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Leading PR firm Edelman to lay off 390 employees, pay cut for senior staff

Leading PR firm Edelman to lay off 390 employees, pay cut for senior staff

New York: Chicago-based public relations firm Edelman is laying off 390 people or about 7 per cent of its workforce, a reversal of an earlier pledge to avoid layoffs during the Covid-19 pandemic.According to a report in Chicago Tribune, Edelman, which has about 5,700 employees worldwide, would also ...

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Warehouse workers in US sue Amazon over Covid-19 risk

Warehouse workers in US sue Amazon over Covid-19 risk

New York: A group of Amazon warehouse workers from a facility in New York has sued the e-commerce giant allegedly for unsafe working conditions, thereby putting them and their families at risk of Covid-19 conditions, the media reported.Three workers at Amazon's JFK8 warehouse in New York's Staten Is...

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NetApp to acquire Israeli company Spot for $450mn

NetApp to acquire Israeli company Spot for $450mn

San Francisco: California-headquartered global Cloud data services company NetApp said it has entered into a definitive agreement to acquire Israeli company Spot, formerly Spotinst, with an aim to establish leadership in Application Driven Infrastructure.While the two companies did not disclose the ...

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Cabinet approves EGoS, PDCs to attract investments

Cabinet approves EGoS, PDCs to attract investments

New Delhi: To attract investments into the country, the Union Cabinet has given its approval for setting up of an "Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) in Central government ministries or departments.Accordingly, the new mechanism will reinforce India's vision o...

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US initiates enquiry into digital services taxes

US initiates enquiry into digital services taxes

New Delhi: The United States has initiated an investigation into digital services taxes that have been adopted or are being considered by a number of its trading partners, including India.Accordingly, the United States Trade Representative has announced that his office is beginning the investigation...

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Slow easing of lockdowns better for global supply chains: Study

Slow easing of lockdowns better for global supply chains: Study

London: A cautious approach to easing lockdown restrictions that reduces the risk of later lockdowns may be better for the global supply chain in the long run, say researchers.The study, published in the journal Nature Human Behaviour, comprehensively assessed potential global supply chain effects o...

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Facebook, Paypal invest in Indonesian ride-hailing, digital payments firm Gojek

Facebook, Paypal invest in Indonesian ride-hailing, digital payments firm Gojek

San Francisco: Facebook and Paypal have announced to invest in Gojek, Indonesias first and fastest growing app for ordering food, shopping, commuting and making digital payments across Southeast Asia.Matt Idema, Chief Operating Officer, WhatsApp, did not disclose the sum the company has invested in ...

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Venture capital firm Antler announces entry into India

Venture capital firm Antler announces entry into India

New Delhi: Global early-stage venture capital firm Antler has announced its plans to launch its operations in India to enable more entrepreneurs to build startups through their platform.The local operation will start in Bangalore and be led by Rajiv Srivatsa, co-founder of Urban Ladder, who is joini...

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