Business

Twitter deactivated the account of white nationalist Nick Fuentes on Wednesday, January 25, only one day after a move to reinstate it drew significant condemnation. Fuentes made many antisemitic statements in a Twitter Space on Tuesday after his account was reinstated, according to Hannah Gais, a senior researcher at the Southern Poverty Law Center who tracks hate organizations. After his …

Microsoft and OpenAI jointly announced on January 23 the continuation of their artificial intelligence (AI) development relationship. In a statement, Microsoft referred to it as “the third phase of our long-term engagement with OpenAI through a multiyear, multibillion-dollar commitment to expedite AI discoveries to guarantee these benefits are widely shared throughout the globe.” Microsoft CEO Satya Nadella stated, “We developed …

On Tuesday, Swatch Group shares reached their highest point in over two and a half years after the world’s largest watchmaker predicted a rebound in luxury demand from China. The manufacturer of high-end Omega, Tissot, and Longines timepieces as well as its own mass-market plastic watches reported that January sales in China had already surpassed the high levels observed in …

According to LinkedIn, the number of jobs in Singapore that assist businesses in digitizing and expanding against economic turbulence is growing. Its most recent Professions on the Rise statistics shows surges in hiring for growth specialists, technological jobs, and health-care professionals in Asia, as well as for a variety of other occupations that are anticipated to extend hiring well beyond …

Apple wants India to account for as much as 25% of its output, up from the current range of 5%-7%, the commerce minister said at a conference on January 23 as the iPhone manufacturer continues to shift production away from China. Piyush Goyal stated, “Apple, another success story,” when promoting India as a competitive manufacturing site. “They already produce 5 …

The Supreme Court (SC) found in favor of five riders who claimed their employer, Lazada, fired them unjustly in 2017. In a decision issued on September 21, 2022, but released to the media on January 20, 2023, the Supreme Court challenged the rulings of the National Labor Relations Commission (NLRC) and the Court of Appeals, which concluded that there was …

Alphabet Inc., the parent company of Google, is eliminating around 12,000 employees due to “a changed economic reality,” according to an internal document. The company is doubling focus on artificial intelligence (AI) and eliminating personnel who support experimental initiatives. The job cutbacks impact 6% of its personnel and follow thousands of layoffs at internet heavyweights including as Amazon.com Inc, Microsoft …

According to Zobir Osman, managing director of construction firm Juru Wajar Sdn Bhd, the government’s statement that it would relax employment restrictions for foreign employees has rekindled optimism that the economy will recover. “Since the movement control order (MCO), it’s been difficult to get foreign employees,” he said, when he was met at a construction site in Kuala Lumpur. “On …

According to Dr Thani Al Zeyoudi, the Emirati Minister for Foreign Trade, the United Arab Emirates and India are in the early stages of negotiations to trade non-oil commodities in Indian rupees. India and the UAE recently signed a comprehensive free trade deal. China and India are two of the largest trading partners for Gulf Arab oil and gas producers, …

Reed Hastings, the creator of Netflix, announced his resignation as the company’s CEO on Thursday, January 19, 2022, concurrently with the release of Netflix’s financial report for the fourth quarter of 2022. Hastings co-founded the firm with entrepreneur Marc Randolph in 1997. Randolph tweeted that his seven years working with Hastings were the “highlight” of his more than four decades …