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Business

Third of global economy will be in recession this year: IMF

Editorial Team -
IMF Managing Director Kristalina Georgieva has issued a stark warning, predicting that a third of the global economy will slip into recession in the coming year, with 2023 shaping up to be even more challenging than 2022. She highlighted...
Business

Goldman Sachs to cut about 3,200 jobs after cost review

Editorial Team -
According to reports from undisclosed sources, Goldman Sachs Group is set to commence a significant round of layoffs across the company this week in anticipation of challenging economic conditions. While Goldman Sachs has declined to comment on the matter,...
Business

After mass layoffs, CEO Sundar Pichai to take salary cut

Editorial Team -
During a recent town hall meeting, Alphabet CEO Sundar Pichai revealed plans for a significant reduction in annual bonuses for all positions above the senior vice president level within the company. While specifics regarding Pichai's salary adjustment were not...
Business

Global aviation organisation ICAO rejects Spicejet’s audit story

Editorial Team -
New Delhi: Following SpiceJet's recent claim regarding the strength of its safety processes after an audit by the International Civil Aviation Organisation (ICAO), the UN's civil aviation agency clarified that visits to operators are not considered audits. In a tweet...
Business

US announces fusion tech clean energy breakthrough for warming world

Editorial Team -
New York: The United States has unveiled a groundbreaking achievement in clean energy technology, heralding a potential transformation in global power generation. The breakthrough involves fusion technology, which seeks to replicate the process that powers the sun and stars,...

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BusinessEditorial Team -

Third of global economy will be in recession this year: IMF

IMF Managing Director Kristalina Georgieva has issued a stark warning, predicting that a third of the global economy will...

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