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Amazon to lay off 18000 employees over a looming technology downturn
Amazon, the US-based e-commerce giant, has reportedly planned to lay off more than 18000 staff members, a considerably larger number than previously decided, in the latest inkling of an intensifying technological downturn. As per reports, this new number would represent the most layoffs at a sign... Read More
Private residential prices in Singapore to hike moderately in 2023
Private residential prices in Singapore are reportedly expected to rise at a moderate pace in 2023, with the upside constrained by higher cost of borrowing, sluggish growth in resale HDB prices, and slower economic expansion. The private residential sector will probably experience challenges in 2... Read More
U.K.: Economy plummets by 0.3% than the initially expected 0.2% in Q3 of 2022
The U.K. economy reportedly declined by more than that expected in the third quarter of this year. According to the Office for National Statistics, the nation's gross domestic product (GDP), which measures the total value of all goods and services that are produced there, slumped by 0.3% from... Read More
Reliance Digital Health plans to buy 2.25% shares in Synchron Inc.
Reliance Digital Health, a subsidiary of Reliance Industries, has reportedly signed an agreement with Synchron Inc. to acquire its 2.25% stake as a part of its Series C financing. This Series C brings the total amount to $145 million since the inception of the firm. For the uninitiated, Synchron ... Read More
UnaBiz raises another $25 million to double its Series B funding
UnaBiz, an enabler of the massive Internet of Things (IoT) and the owner of Sigfox technology, recently announced that it had secured another $25 million in Series B funding. With this funding, the total amount raised during this round stand at $50 million, following the first tranche, which was ... Read More
Fortune Brands announces acquisition of several brands from ASSA ABLOY
Millwork company, Fortune Brands Home & Security (FBHS) has recently announced that it has inked a definitive agreement to overtake the Emtek and Schaub residential hardware business along with the Canadian and the U.S. Yale as well as August-based residential smart home locks business from Swed... Read More
Vaccination gap sparks concerns about measles outbreak in children
World and US health officials have reportedly warned that Measles is threatening to resurface among children after following a record-breaking drop in vaccination rates during the pandemic. As per a joint report from the US Centers for Disease Control and Prevention (CDC) and World Health Organiz... Read More
UK: Residents receive bills of up to £49,000 after Ovo acquires SSE
Customers of Ovo, the energy supplier were reportedly left shocked when they received energy bills of up to £49,000, due to data errors that led to overinflated energy bills for some residents. Ovo accepted that some of its customers have been affected by erroneous meter readings, and it bl... Read More
UK: Ofsted demotes several schools, which it inspected after 13 years
Ofsted, the Office for Standards in Education, Children's Services and Skills, has reportedly downgraded hundreds of great schools in England after their first re-inspections in 13 years. The agency reported that over the previous academic year, it inspected more than 500 schools that had previo... Read More
COVID cases increase in China, affected Beijing tightens entry rules
China's capital, Beijing has recently warned about a severe COVID-19 pandemic, closing schools and businesses in affected areas and tightening entry rules as cases increased both nationally and locally. China is struggling with increasing COVID-19 cases, from Zhengzhou in the center of the He... Read More