Business
October 17, 2024
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Meta Lays Off Employees Across Teams At WhatsApp, Instagram And More

New Delhi: Social media giant Meta has laid off employees across multiple teams, including at WhatsApp and Instagram, as part of an apparent restructuring exercise, reports said on Thursday.  Meta did not immediately comment on how many employees were impacted in the latest round of job cuts. In a statement to TechCrunch, the company confirmed […]

Business
October 17, 2024
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Bitcoin approaches $70,000 with speculators eyeing record highs

Bitcoin last traded at $70,000 in July, and reached an all-time high of almost $74,000 in March. Bitcoin bulls are setting their sights again on the record highs reached in March with optimism building around riskier assets and the looming US elections. “After six months of price consolidation this year, the stage is set for […]

Business
October 17, 2024
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US 'click to cancel' rule to ban subscription traps

The US Federal Trade Commission (FTC) has adopted a ‘click to cancel’ rule, which aims to make it easier for people to end subscriptions. It will force companies to make subscription sign-ups and cancellations equally straightforward. Businesses, including retailers and gyms, will also have to get consent from customers before renewing subscriptions or converting free […]

Business
October 16, 2024
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Chevrolet aims to defend highly profitable SUV market position with updated Tahoe, Suburban

DETROIT — General Motors has updated its highly profitable large SUVs for Chevrolet for the 2025 model year to defend the brand’s long-standing segment leadership. The Detroit automaker’s Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for more than 45 years, according to GM. But increased competition from automakers such as Ford […]

Business
October 16, 2024
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MLB playoff viewership surges as big market stars vie for World Series

Shohei Ohtani, #17 of the Los Angeles Dodgers, hits a two-run home run, his 50th of the season, becoming the first player with a 50/50 season in MLB history, during the seventh inning against the Miami Marlins at LoanDepot park in Miami on Sept. 19, 2024. Megan Briggs | Getty Images Sport | Getty Images […]

Business
October 16, 2024
4 views 8 mins 0

The £40bn question: How will Rachel Reeves balance the books?

Your support helps us to tell the story Read more This election is still a dead heat, according to most polls. In a fight with such wafer-thin margins, we need reporters on the ground talking to the people Trump and Harris are courting. Your support allows us to keep sending journalists to the story. The […]

Business
October 16, 2024
3 views 7 mins 0

Musk says ready to launch internet services in India, thanks Govt for clarifying stand on satcom spectrum

NEW DELHI: Maverick American billionaire Elon Musk thanked the govt for clarifying that satcom spectrum will be allotted only administratively – contrary to demand made by local heavyweights Reliance Jio and Airtel for auctions — and said that he looks forward to beginning internet services in the country with his company Starlink.Musk, whose entry faces […]

Business
October 16, 2024
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BharatPe Group Reports Rs 209 Crore EBITDA Loss In FY24

New Delhi: Fintech firm BharatPe Group announced its financial performance for FY 2023-24 on Wednesday, reporting a consolidated EBITDA loss (before share-based payment expense) of Rs 209 crore for the last financial year. The consolidated EBITDA loss was Rs 826 crore in FY 2022-23. According to the company, its consolidated revenue from operations grew by […]