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Charles Schwab lays off 1K staff following merger with TD Ameritrade
Charles Schwab Corporation, a financial services company, has recently announced a lay-off of 1,000 employees from the recent merger between Schwab and TD Ameritrade. As per the reported statement made by Charles Schwab, the company has started notifying employees that their roles have been elimi... Read More
Ant Group to Raise Around USD 24 Billion in the Shanghai IPO
Ant Group, an affiliate company of the Chinese Alibaba Group, to raise around US$17.3 billion in the Shanghai leg of nearly US$35 billion dual listings, after certain large investors submitted bids in 68-69 yuan per share range, according to the reports. According to the reports, various large fu... Read More
Royal Mail to Recruit 33,000 additional temporary staff for Christmas
Royal Mail, a British postal service and courier firm, plans to hire 33,000 extra workers for the Christmas period, which is almost two-third times more than the usual seasonal hiring. This is due to the increase in online shopping during the COVID-19 pandemic. Usually, the postal company hires 1... Read More
Cathay to close operations of Cathay Dragon and lay off 8500 staffs
Cathay Pacific, a flag carrier based in Hong Kong, has reportedly announced the closure of Cathay Dragon, its subsidiary, and is planning to lay-off 8,500 jobs. Cathay Dragon is a full-service carrier, with travel routes across China & other Asian destinations. Cathay Pacific is planning to r... Read More
Netflix shares decline by 5% due to less new subscriber count
Netflix, a media service provider, has recently announced a decline in its share by 5%, after recording a fewer number of paid subscribers in the Q3 of 2020. The news comes in line with the rising competition and return of live sports to TV. The media company has revealed that only 2.2 million ne... Read More
Pfizer rolls out vaccine; UK may 40M COVID-19 vaccine jabs by New Year
With over 100 vaccines being developed and tested to stop the spread of COVID-19, it seems that nations worldwide are finally getting vaccine supplies to tackle the ongoing pandemic. As per the latest news, around 40 million vaccines cloud be heading to the United Kingdom in the next two and half mo... Read More
Nokia to help NASA put 4G network on the moon under lunar base mission
Reports confirm that NASA is aiming to establish a major presence on the moon through its 2028 goal for building a lunar base, with 4G network being a part of that ambition. The U.S. space agency wants to ensure a sustainable environment for human occupation and has awarded US$370 million worth cont... Read More
Ikea announces plans to buy back used furniture in recycling push
IKEA, the flat pack furnishings retailer of Swedish origin, has reportedly announced plans to buy back used Ikea furniture in 27 nations in a bid to become more sustainable. The company will give vouchers worth up to 50 percent of the original price, to be spent at its stores. According to source... Read More
Disney announces plans to focus more on its streaming platform
American media giant, Disney has recently revealed that it will be restructuring its entertainment and media divisions. The company now intends to lay more emphasis on its streaming platform as more people shift towards digital platforms. Reportedly, Disney is planning to centralize its media bus... Read More
Apple can’t Ban Epic from App Store as per the Judge’s Order
A federal judge issued an order to stop Apple from terminating Epic’s developer account completely, however, ruled that the tech giant was not bound to bring Fortnite back to its platform. The temporary restricting order that Epic filed in August to stop Apple from canceling its developer a... Read More