As a part of a cost reduction program, Dell has fired a total of 6,000 employees. The firm employed 126,000 workers in 2023. In 2024, nearly 120,000 are employed by the company.
The United States electric vehicle maker Tesla has announced that the firm would offer its US customers a free month to use the driver-assist technology.
The global bank network SWIFT has revealed that it intends to create a new digital currency platform for central banks in approximately a year or two.
The banking group Citigroup has announced this week that is has ended its overhaul. Citigroup has fired a total of 5,000 employees to simplify its structure.
The Wall Street Journal has revealed that the NVidia supplier SK Hynix intends to invest $4 billion in a new chip packaging plant in Indiana, West Lafayette.
The United States employees of Volkswagen are set to vote in April on whether to join the US United Auto Workers union. This union is known for negotiating salary increases for US vehicle company workers.
In February, new home sales in the United States have declined by 0.3%. However, the number of sales for January has been revised upwards, which evens out the decline.
One of the Governors of the US Federal Reserve Lisa Cook has recently revealed that the Federal Reserve should be careful with easing monetary policy too soon.
In the aftermath of the US Justice Department case against Apple, various consumer groups have filed additional lawsuits against the US tech giant.
The President of the Chicago Federal Reserve Bank Austan Goolsbee has commented that he expects the Fed to do three rate cuts during 2024.
The ongoing spread of a cocoa bean disease in West Africa continues to disrupt the market. On March 26, the cocoa price hit the $10,000 mark. The price has surged 136.44% in 2024 by gaining $5,852.45.
Reuters has reported that Chinese regulators are pressuring commercial banks to speed up the approval of new loans for private real estate developers.
The US pharma company AbbVie has decided to acquire the drug development firm Landos Biopharma for $212 million.
The Swedish tech firm Ericsson has announced that the firm would fire 1,200 employees due to a reduction in investment spending.
The Chief Executive Officer of Boeing Dave Calhoun is set to step down by the end of the year, as the board of the company has decided to shake up the management.
The major tech firm has announced that it would continue on to defend its compliance with the European Union's Digital Marketing Act, as the company claims to have made changes to comply with the new law.
The weight loss drug maker Novo Nordisk has acquired Cardior Pharmaceuticals for $1.1 billion to improve the company's cardiovascular segment.
Reuters has published a report that describes how a potential US interest rate cut might increase the chances of a re-election of the US President Joe Biden.
The European Union regulators have decided to probe Apple, Google and Meta under the new EU Digital Markets Act.
The US National Highway Traffic Safety Administration has forced Chrysler to recall 286,000 cars that have a defect which causes a rupture of airbag inflators.
As Boeing has been suffering with quality issues, Airbus has clenched orders for Boeing's customers. Two Asian airlines have ordered 65 jets from the European company.
The dollar denominated government bonds of Argentina have experienced a surge and reached an all-time high level. This surge has been attributed to the President Javier Milei managing to transform the country's economy.
Reuters has published a report that has revealed that Japanese firms are set to face financial difficulties due to the Bank of Japan raising interest rates. Namely, companies have priced in lower borrowing costs for future investments.
Bloomberg News has revealed that Chinese authorities have been investigating PricewaterhouseCoopers for its part in the $78 billion Evergrande fraud.