Asian News Round-Up: Top Developments In The Continent
The Middle East is unstable due to the Israel-Hamas war and mounting tension between Israel and Iran, while the power conflict between the USA and China continues. All these events impact the Asian economic scenario, and the consequences are significant. Japanese Companies Pushing To Expand Into US Markets Many countries want to capitalise on this…
OPEC Share In India’s Oil Import Slip In April
India’s oil imports from the Organization of the Petroleum Exporting Countries (OPEC) dropped by 26% a year ago as refiners increased the number of discounted Russian shipments. The supply fell to 46% in April 2023 from 72% of crude oil India imported in April 2022. India’s oil import from Russia was more than from Iraq…
5 Strategies For Managing Cross-Functional Teams
In the competitive market, companies follow a structured methodology across different departments like finance, sales, and marketing. Teams functioning in this zone have to meet specific targets based on their departments. However, these teams often do not coordinate well internally, focusing on their own goals. The issue? They miss the target by a huge gap…
IBM Plans To Replace 7,800 Jobs; Company Pauses Hiring
International Business Machines Corp (IBM) decides to pause the hiring process and deploy artificial intelligence to take over 7,800 jobs in the company. The decision is taken amidst the increasing adoption of technology. In an interview, Arvind Krishna, the CEO, confirmed the halt in the hiring process. Krishna said, “I could easily see 30% of…
Latest Update: All You Need To Know About New GST Rule
A new rule has been launched for businesses whose turnover is ₹100 crores or above. The GST Network has announced that these businesses have to upload their electronic invoices on Invoice Registration Portal (IRP) within 7 days of the issue of such invoices, which will come into effect from 1 May 2023. Currently, businesses upload…
Air India To Hire New Staff To Expand Its Operations
After placing an order for the largest-ever aircraft, Air India plans to hire new staff to expand its national and international operations. On Thursday, a report conveys that Air India is hiring more than 1000 pilots, including captains and trainers and 4,200 cabin crew trainees this year. Currently, Tata-owned Air India has more than 1,800…
3M To Cut 6000 Jobs Globally Due to Weak Consumer Demand
On Tuesday, 3M confirmed that it will cut down 6,000 positions globally due to weak consumer electronic demands. This move is expected to affect 4% of the company’s total workforce. According to the company’s annual filing in December 2022, it has over 92,000 employees globally. 3M also recorded a pre-tax saving of $700-900 million upon…
How To Download Roblox Unblocked: A Step-by-Step Guide
Roblox is one of the few games with blocked access for certain reasons. Downloading the Roblox unblocked becomes difficult due to the strict policy of the online gaming platform. This game is quite popular among students, allowing them to create, learn, and interact with other players via the multiplayer option. However, it is widely blocked…
India Perseveres On Amidst Global Slowdown
“Headwinds from a slowing global economy are beginning to weigh more on exports,” believes Rahul Bajoria, an economist from Barclays Plc. However, that doesn’t bode well for India, whose exports declined for four months straight. The exports registered a decline of 13.9% in March, while the imports decreased by 7.90% compared to the figures of…
U.K. Witnessed The Highest Insolvency In Four Years
The United Kingdom is facing a crisis as the corporate business insolvency rate is rising. The weak economic grip, along with rising interest rates and a surge in energy bills, all the reasons combined, is making businesses choose their way out. Firms in the United Kingdom are going bust, attributing to various reasons, including inflation…
