Slash Financial News

By Christian Kraemer and Rene Wagner

Denim giant Levi Strauss & Co. says that it’s slashing its global corporate workforce by 10% to 15% in the first half of the year

Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce

eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the e-commerce retailer said on Tuesday. «While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,» eBay CEO Jamie Iannone said in a letter shared with employees.

eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the e-commerce retailer said on Tuesday. «While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,» eBay CEO Jamie Iannone said in a letter shared with employees.

NEW DELHI : India's top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi's drive to reduce pollution, taxing them at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars.

Discord announces workforce reduction of 17%, will layoff 170 employees During the last week of January, Citi is likely to announce more organisational changes. "Efforts to simplify its structure will be largely completed this quarter, saving $1 billion and eliminating about 5,000 mostly managerial roles," CEO Jane Fraser said. The job cuts could cost as much as $1.8 billion, Citigroup said but will save $2.5 billion a year by 2026.

New Delhi: India’s G20 Sherpa and former NITI Aayog chief executive Amitabh Kant emphasized the country's strategic shift towards a circular economy, citing its potential to foster environmental conservation, economic growth, and job creation. Speaking at the ‘FICCI Circular Economy Symposium’, Kant set forth an ambitious target for India to reduce the cost of green hydrogen production to $1 per kg by 2030, down from the current rate of $4.5 per kg. Kant underscored the urgency for India to accelerate its growth rate from the current 7.5 percent to between 9 and 10 percent per annum in the coming years, with a particular focus on renewable energy and green hydrogen.

Indian Oil Corp. and Bharat Petroleum Corp. Ltd., both under government control, had initially planned rights issues to raise up to 220 billion rupees and 180 billion rupees, respectively, with government backing.

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By Gloria Dickie

By Jamie McGeever

discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Cyber Monday, as the first Monday after the Thanksgiving holiday has become known as merchants step up online promotions, is set to be the biggest online shopping day of the year in the United States. Strong online traffic on Black Friday demonstrated a notable pattern of shoppers putting time and effort into selecting the lowest-cost, best-value merchandise, said Rob Garf, vice president and general manager for retail at Salesforce, which tracks data flowing through its Commerce Cloud e-commerce service. Despite an earlier start to retailers' holiday promotions this year, there weren't a lot of great deals initially, Garf said.

The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extremes fueled by human-caused climate change

The manager of the long-troubled water system in Missisisppi’s capital city has proposed a slight rate increase

The study also revealed that underlying growth was 0.3% after adjusting for one-off special dividends and exchange rates

hockey player Adam Johnson, South Yorkshire police said on Tuesday.The man was not named, and he remains in police custody.“Our investigation launched immediately following this tragedy and we have been carrying out extensive enquiries ever since to piece together the events which led to the loss of Adam in these unprecedented circumstances,” Det. Chief Supt.

Canada’s main stock index was down 150 points in early-afternoon trading with losses led by the energy sector as the price of oil dropped below US$80 per barrel.

Maersk, the world’s biggest shipping company, says it plans to eliminate 10,000 jobs due to what it described as a challenging environment for container trade and logistics services

By Ananya Mariam Rajesh and Aatrayee Chatterjee

Big four consulting firm KPMG has cut another 100 staff after making 200 redundant in February, rival Deloitte has cut dozens, and 78 staff at PwC face an uncertain future after their planned move to spin-off Scyne was scrapped.