BMW plans to slash production cost by 25% per vehicle unit: Report
Jun 22, 2021 07:05 am UTC| Business Economy
BMW is reportedly planning to cut production costs by as much as 25% per vehicle unit. The German carmakers goal is to impose the reductions by the year 2025. BMW making a move to compete with other leading...
Delta targets hiring of 1,000 pilots by next summer
Jun 22, 2021 05:58 am UTC| Business Economy
Delta Air Lines is reportedly looking to recruit more than 1,000 pilots by next summer. This information was said to have been shared through a company memo that was posted on Monday, June 21. As per Reuters that was...
Cryptocurrency firm Amber Group hits $1 billion valuation after fresh funding
Jun 21, 2021 22:34 pm UTC| Economy Business Digital Currency
Hong Kong-based cryptocurrency financial services firm Amber Group raised $100 million to push its valuation to $1 billion. Investment bank China Renaissance led the funding round with participation from such...
Bitcoin sinks 7% as China steps up crackdown on cryptocurrency mining
Jun 21, 2021 15:40 pm UTC| Economy Business Digital Currency
Bitcoin sank 7 percent to $32,801 Monday on reports that China has intensified its crackdown on cryptocurrency mining. It was the first time for the worlds largest digital currency to drop below $33,000 time since June...
McDonald's to go on a hiring spree for 20,000 staff and open new restaurants in the UK
Jun 21, 2021 11:05 am UTC| Business Economy
McDonalds is looking to return to the U.K. high street, and part of the plan for this goal is to hire at least 20,000 new staff. In addition, the fast-food chain will also be opening 50 new restaurant outlets this...
Pfizer-BioNTech to supply 40 million doses of COVID-19 vaccines to Philippines
Jun 21, 2021 10:42 am UTC| Business Economy
Pfizer-BioNTech was said to have won a contract with the Philippines for the supply of the COVID-19 vaccine. It was reported that the country just signed a deal with the American multinational pharmaceutical and...
American Airlines cancels July flights due to labor shortage
Jun 21, 2021 09:16 am UTC| Business Economy
American Airlines has pulled out hundreds of flights that were scheduled until July. It was said that the demand for travel has been increasing as the COVID-19 pandemic continues to subside in the U.S., but since the...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects