According to official data from China, even though the Chinese economy is staging a recovery from the pandemic hit, more people are being let go than are being hired by Chinese businesses. This was uncovered from a survey from the National Bureau of Statistics which comprised of opinions of businesses about the changes in their…
Following a report published in the Financial Times, which was filed on the basis of information gathered from an internal document of the food giant Nestle, claimed that a large portion of its food and drinks as unhealthy. In reference to this report, the company said on Monday that it was taking measures to update…
Two environment conscious citizens of Guyana have filed a lawsuit against the government demanding an end to offshore drilling by ExxonMobil and other large oil companies as such explorations and business activities threaten to worsen the climate crisis. The case has been filed by Quadad de Freitas, a 21-year old Indigenous tourist guide from the…
The social media platform Instagram was accused of pro-Palestinian messages during the recent Gaza conflict and now the company is trying to changing the way it showcases content. The company said that the current system provides for giving precedence for original content in its “stories” feature compared to posts that contained existing or re-shared content.…
Imports of sea food from an entire fleet of a Chinese company were blocked by the United States government late last week. The US alleged that the Chinese company forced crew members to work in slave-like conditions which resulted in the deaths of a number of Indonesian fishermen last year. An immediate ban on imports…
The British car maker Rolls-Royce will customize its cars according to the wishes of a customer if the company executives like the ideas and if the customer is willing to shell out the additional money. This is a growing trend among ultra-luxury carmakers, including Bentley and Porsche that have started to work with a limited…
A resurgence of interest in the “lab leak” theory of the origin of Covid-19 has prompted the social media company Facebook to lift a ban on posts that claim that Covid-19 was man-made. Its new policy comes “in light of ongoing investigations into the origin”, said the company. Posts with such claims was explicitly banned…
The European Union has demanded millions of euros in penalties from AstraZeneca Plc if the company is unable to meet an urgent order for more doses of its Covid-19 vaccine as the bloc renewed its criticism of the British company over its vaccine supply “failure”. This is also the latest round of a bitter legal…
The football superstar and the brand ambassador of the United States based sportswear giant Nike Neymar allegedly “refused to co-operate in a good faith investigation” into an allegation of sexual assault against an employee and this the company has stopped working with Brazilian footballer, the company said. The alleged incident happened in 2016 and was…
The British auto data startup Wejo which is supported by the United States based auto giant General Motors Co, was accorded a valuation of $800 million including debt in a reverse merger deal with blank-check company Virtuoso Acquisition Corp for it to go public, the companies said on Friday. The companies added that the deal…
