Japanese workers have seen their pay go up at a record rate after the government called on companies to help employees facing rising prices. Official figures show that, compared to a year earlier, wages rose by 1.8% in May, the fastest pace in 28 years. The salaries of many people […]
Day: July 6, 2023
Electric car maker Tesla Inc is laying off some battery production workers at its Shanghai plant, Bloomberg News reported on Friday (Jul 7), citing people familiar with the matter. It was not clear how many workers may be let go, or the specific reasons behind the layoffs, according to the […]
HONG KONG : Chinese authorities are likely to announce a fine of at least 8 billion yuan ($1.1 billion) on Ant Group as soon as Friday, sources with direct knowledge of the matter said, bringing an end to the fintech company’s years-long regulatory overhaul. The People’s Bank of China (PBOC), […]
SILVERSTONE: A calm and focussed Max Verstappen yesterday expressed some relief that his Red Bull team have maintained a very healthy lead over all their rivals despite introducing fewer upgrades this season. Speaking at Silverstone on the eve of opening practice at this weekend’s British Grand Prix, the defending double […]
Twitter is considering legal action against Meta over its fast-growing rival app Threads. Threads, which was launched to millions on Wednesday, is similar to Twitter and has been pitched by Meta bosses as a “friendly” alternative. Twitter’s Elon Musk said “competition is fine, cheating is not” – but Meta denied […]