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Thursday, January 26, 2023
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BUSINESS

BUSINESS

Toyota CEO Akio Toyoda to step aside and become chairman

Digital Desk -
Toyota’s chief executive officer and president, Akio Toyodo, will become its chairman. He will be replaced as CEO by the car maker’s chief branding officer...
BUSINESS

Spotify becomes latest tech giant to cut jobs, with 6% of workforce to be shed

Digital Desk -
Music streaming service Spotify has said it is cutting 6 per cent of its global workforce, becoming the latest tech company to resort to...
BUSINESS

Elon Musk in court to defend Tesla buyout tweet in civil case

Digital Desk -
Elon Musk was summoned to court on Friday to defend a 2018 tweet claiming he had lined up the financing to take Tesla private...
BUSINESS

Elon Musk in court to defend Tesla buyout tweet in civil case

Digital Desk -
Elon Musk was summoned to court on Friday to defend a 2018 tweet claiming he had lined up the financing to take Tesla private...
BUSINESS

Microsoft to axe 10,000 jobs worldwide

Digital Desk -
Microsoft is cutting 10,000 workers – almost 5% of its global workforce – in response to “macroeconomic conditions and changing customer priorities”. The technology giant...
ECONOMY

Yellen tells Congress US expected to hit debt limit next week

Digital Desk -
Treasury Secretary Janet Yellen has notified Congress that the US is projected to reach its debt limit on Thursday and will then resort to...
ECONOMY

Bank of Japan loosens bond yield cap in surprise move

Digital Desk -
The Bank of Japan has broadened caps for government bond yields, a surprise move that pushed bond yields higher globally and hit stocks in...
BUSINESS

Amazon to make big business changes in EU settlement

Digital Desk -
Amazon has agreed to make major changes to its business practices to settle antitrust investigations that found the ecommerce giant gave itself an unfair...
BUSINESS

Wells Fargo to pay $3.7bn over consumer loan violations

Digital Desk -
Consumer banking giant Wells Fargo has been ordered to pay $3.7 billion in fines and refunds to customers by US government regulators, the largest...
BUSINESS

FTX founder expected to drop fight against extradition to US

Digital Desk -
Sam Bankman-Fried arrived at a courthouse in the Bahamas on Monday and is expected to tell a judge he will not fight extradition to...
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