Amazon has announced an increase of its worker pay in the transportation and fulfilment units. Workers are set to be paid an additional $1.5 per hour.
The CEO of GameStop Ryan Cohen has agreed to pay a $1 million fine to settle a US regulator claim that Cohen did not report a purchase of Wells Fargo shares valued at $100 million.
The online platform YouTube has partnered up with the e-commerce firm Shopee as part of an expansion of online shopping services in South East Asia.
The Swiss National Bank has reduced its Policy Rate from 1.25% down to 1.00%. The rate cut was expected. Due to this reason, the Swiss Franc did not lose value. An hour after the rate reveal, the rate returned to trade near 0.8500.
The owner of Google, Alphabet, has won a legal case against the European Union antitrust regulators and is not going to pay a 1.49 billion EUR fine.
Citigroup has conducted a survey of wealthy clients. The survey has revealed that wealthy families have increased investment in risk assets and have reduced cash holdings.
Reuters has published a report that indicates that 2024 US holiday hiring at retailers is set to be lower than the one in 2023. Retailers hired 564,200 seasonal workers in 2023. Expectations for 2024 fluctuate around the 520,000 mark.
Starting from November, Walmart is set to increase the hourly pay for 100,000 employees. Entry level workers will make $16 per hour instead of the prior $15.
Research published by the Atlantic Council has revealed to the world that 98% or 134 country central banks are looking into the use of digital currencies.
The Insurance Institute for Highway Safety has tested Volvo Pilot Assist and Tesla Autopilot software programs. The research has concluded that drivers engage in various activities and are distracted when using partial automation. Moreover, drivers do not comply with rules set by the carmakers.
Reuters have revealed that Vista Equity Partners and Blackstone intend to acquire Smartsheet in a purchase that would value the software firm at $8 billion.
The Financial Times have reported that the governments of Japan and United States have negotiated a deal to reduce tech exports to China. In general, the countries want to reduce semiconductor exports.
The smart glasses producer EssilorLuxottica has extended the firm's partnership with Meta Platforms. The two companies have entered a long-term contract that is aimed at the creation of new smart eyewear.
The rocket motor producer Ursa Major has received a $12.5 million contract from the Pentagon. The contract is set to allow the firm to build new production and testing facilities.
Data for August has revealed that Indonesian trade surplus reached a three-month-high level in August. The data passed market expectations.
Johnson & Johnson has managed to convince an Oregon judge to overturn the verdict that mandated the firm to pay out $260 million to 62,000 consumer claims that the firm's products were contaminated with asbestos.
The retail giant Amazon has mandated its office workers to work five days in a week at the office, starting from 2025. Namely, the firm is getting rid of remote work.
The US United Auto Workers union has filed charges against the United States car brand owner Stellantis. UAW claims that the firm has been ignoring the agreement between the union and the firm that was made in autumn of 2023.
Despite issues at the Swedish producer of truck batteries Northvolt, Scania has revealed that it will stick to the supplier and postpone the previously planned increased production of battery-electric trucks.
The US Presidential Administration has granted Intel Corporation $3 billion for the development of a Secure Enclave for microelectronics. In general, the term covers a wide array of weapon system components.
The research firm IDC has revealed that it expects the demand for virtual and artificial reality headsets to grow from 6.7 million per year to 22.9 million in 2028.
The CEO of Ryanair Michael O'Leary has stated that the ongoing Boeing strike might decrease the number of new received aeroplanes in the next summer from 25 down to 20.
In August, new home prices in China have declined at the fastest pace in nine years. The data indicates that stimulus measures failed to create a recovery of the real estate sector.
The Danish logistics giant DVS has revealed that it would buy the Deutsche Bahn's logistic subsidiary Schenker for a total of 14.3 billion Euro. The deal is set to make DVS the world's largest logistics firm.