Billionaire Gautam Adani has been charged with bribery in New York
Indian billionaire Gautam Adani and seven of his associates were indicted by a New York court on Wednesday in a…
Ford to Cut Workforce by 4,000 in Europe Due to Economic Struggles and weak EV Sales
Ford Motor Co. has announced plans to reduce its workforce by 4,000 employees across Europe and the U.K. by 2027,…
Wegovy, weight-loss drug launched in China
Danish pharmaceutical company Novo Nordisk announced on Monday that it has launched its popular weight loss drug Wegovy in China.…
Boeing has laid off nearly 2,200 workers in Washington state as part of its ongoing job cuts
Boeing announced on Monday that it has already laid off 2,199 workers in Washington state as part of a larger…
Russia is locking up butter as inflation crisis reaches unprecedented levels
While Americans complain about inflation, price hikes in Russia are alarming. Prices of butter, meat, and onions have increased by…
Spirit Airlines files for Chapter 11 bankruptcy protection
Spirit Airlines filed for bankruptcy protection on Monday. Heavy losses, non-payment of debt, increasing competition for budget travelers, and failure…
General Motors Reduces about 1,000 workers, cutting costs to compete in a crowded automobile market
General Motors (GM) is laying off approximately 1,000 workers globally as part of a cost-cutting effort to stay competitive in…
Ford has agreed to pay a penalty of up to $165 million to the U.S. government for moving too slowly on recalls
Ford Motor Company will pay a penalty of up to $165 million to the U.S. government for delays in recalling…
VW announces $5.8 billion partnership with Tesla competitor Rivian
German carmaker Volkswagen Group (VW) and American electric vehicle (EV) maker Rivian have jointly announced a new partnership. VW has…
As liquidation approaches, Alitalia will lay off more than 2,000 of its remaining employees.
Italy’s former national carrier Alitalia has started procedures for the collective dismissal of its remaining 2,059 employees, its administrators told…