Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year restructuring program. The layoffs by the consumer goods giant come as…
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LionTrust fund manager, Storm Uru says some of the most compelling opportunities for investors in search of durable growth amidst persistent macro uncertainty may be in the private equity space.…
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Stock
RBI turns neutral after sharp rate cut; ING expects another easing later this year
by adminby adminIn a surprise move, the Reserve Bank of India slashed policy rates beyond market expectations and shifted its policy stance from accommodative to neutral. ING Group suggests the RBI’s current…
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Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on Chinese imports and the closure of the de…
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Asian equity markets closed mixed on Friday in a subdued trading session, with investors weighing the latest developments in US-China relations and bracing for key economic data from the US…
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Stock
Starlink reportedly secures key licence in India, moves closer to launching services
by adminby adminElon Musk’s Starlink has been granted a Global Mobile Personal Communication by Satellite (GMPCS) licence by India’s Department of Telecommunications (DoT), becoming the third satellite communications provider to receive such…
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Business
Nationwide coordinated retail crime crackdown results in hundreds of arrests, authorities say
by adminby adminA nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led to hundreds of arrests in 28 states last week. The blitz,…
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Business
OpenAI tops 3 million paying business users, launches new features for workplace
by adminby adminOpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported in February. The San Francisco-based startup rocketed into the mainstream…