Business Archives - Page 16 of 35

Rolls Royce to Cut 2,500 Jobs for a More Efficient Future

17Oct

By Aqsa Azam1 Comment

Business

Rolls Royce to Cut 2,500 Jobs for a More Efficient Future

Aeroengine maker Rolls-Royce announced on Tuesday that it will be cutting nearly 2,500 jobs as part of a plan to streamline its operations. The company said the cuts will be made across all levels of the business and will affect employees in the UK and around the world. Rolls-Royce, a company that makes engines for airplanes, has announced a plan to cut up to 2,500 jobs worldwide. This decision is aimed at making the company work better and save money. This move is the first big change made by Tufan Erginbilgic, who became the CEO in January. He said that Rolls-Royce was in a tough situation and needed to change. The company is based in Derby, UK, and has 42,000 employees all over the world. About half of them work in the UK. During the pandemic, when air travel was stopped for m...

Netflix House: New Way for Fans to Dive into Their Favorite Shows

17Oct

By Aqsa Azam1 Comment

Business

Netflix House: New Way for Fans to Dive into Their Favorite Shows

Netflix House is a new retail concept from Netflix, the popular streaming TV service. The first Netflix House store is scheduled to open in 2025, and it will offer fans a unique and immersive experience. Netflix, the popular streaming TV service, is introducing a fresh retail concept called Netflix House. The first of these stores is set to open its doors in 2025, promising fans a one-of-a-kind and immersive experience. Netflix House will blend together shopping, dining, and live entertainment. Visitors can look forward to browsing through clothing, merchandise, and other items related to their cherished Netflix shows. Moreover, they'll have the chance to relish themed food and engage in various activities. For instance, avid followers of "Stranger Things" might savor a meal at a...

IMF Lowers 2023 Global Growth From 3.6% In April To 2.8%.

12Oct

By Aqsa Azam1 Comment

Business

IMF Lowers 2023 Global Growth From 3.6% In April To 2.8%.

The International Monetary Fund has warned that the global economy is facing a "serious" risk of recession. The IMF has cut its global growth forecast for 2023 to 2.8%, down from 3.6% in April. Yes, the IMF has warned that the global economy is facing a "serious" risk of recession. The IMF has cut its global growth forecast for 2023 to 2.8%, down from 3.6% in April. This is the weakest growth forecast since 2001, except for the global financial crisis and the acute phase of the COVID-19 pandemic. The IMF's warning is based on a number of factors, including the war in Ukraine, high inflation, and rising interest rates. The war in Ukraine has caused a sharp increase in energy and food prices, which is putting a strain on household budgets and businesses. High inflation is also eroding...

Pakistan Rejects Allegations Of Secret Arms Sales To Ukraine

19Sep

By Aqsa AzamNo Comments

Business

Pakistan Rejects Allegations Of Secret Arms Sales To Ukraine

The Foreign Office (FO) has rejected a "fabricated" report alleging that Pakistan is selling secret arms to Ukraine in violation of its neutral stance on the Russia-Ukraine conflict. The FO said that the report is "based on unsubstantiated claims and is designed to damage Pakistan's reputation. The Foreign Office of Pakistan has strongly rejected a report by The Intercept, an American investigative news organization. They are alleging that Pakistan has been selling secret arms to Ukraine in violation of its neutral stance on the Russia-Ukraine conflict. The FO spokesperson, Mumtaz Zahra Baloch, called the report "baseless and fabricated". She said that it was "based on unsubstantiated claims and is designed to damage Pakistan's reputation." She also reiterated that Pakistan maintain...

Tesla will Build its Own Data Center and Start Hiring Employees.

15Aug

By Zainab Sohaib1 Comment

Business

Tesla will Build its Own Data Center and Start Hiring Employees.

Tesla has announced plans to build its data center and start hiring employees. This decision makes from the company's previous strategy of outsourcing data center operations to third-party providers. Mexican President Andrés Manuel López Obrador said on Tuesday that electric car company Tesla committed to building a factory in the city of Monterrey, an industrial hub in northern Mexico. Tesla is hiring people with expertise in data center layout, infrastructure, distribution, and development while adhering to its fundamentals. However, successful candidates must build trust and consensus across cross-functional teams to achieve high-stakes goals. While continuing to promote entrepreneurship, diversity, integrity and multidisciplinary approaches. Tesla says it will build new data...