Category: Business

Sony’s Indian arm has scrapped a planned merger with Zee Entertainment which would have formed one of India’s largest entertainment groups. The $10bn merger, first announced two years ago, was set to combine more than 75 television channels, film assets and two streaming platforms. Sony said merger conditions had not been met, but there have…

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It is “needless” for Google to cut hundreds of jobs when the tech giant earns billions, a union has claimed. Jobs are going on teams working on health tracker Fitbit, the voice-controlled Google Assistant and hardware such as augmented reality. The exact number of job losses is unclear, although Google confirmed to the Verge it had closed…

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A holiday celebration for employees of an Airbus subsidiary in France took a turn for the worse earlier this month as dozens of employees became sick after a company Christmas party. “Around 100 Airbus Atlantic employees were taken ill after contracting a food-borne illness after eating the company-organized Christmas lunch,” a spokesperson for the European…

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Argentina’s new far-right president has vowed to deliver economic “shock treatment” in his first speech after formally taking office. Javier Milei warned Argentines “there is no money” and recommitted to a programme of harsh austerity measures. The populist outsider won a surprise election victory in November with radical pledges to overhaul the South American nation’s ailing economy.…

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McDonald’s announced on Wednesday that it is piloting a new cafe concept called CosMc’s, which will mostly sell indulgent, highly customizable caffeinated beverages with some food. The first CosMc’s location is now open in Illinois, and nine more are planned in Texas in the coming months. For many, the news probably raised one main question:…

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The Serious Fraud Office (SFO) has launched a criminal investigation into suspected fraud at a UK-based aircraft parts supplier. Investigators from the SFO carried out a raid early on Wednesday, making one arrest. Earlier this year, UK, US and European regulators issued alerts to firms to check parts from AOG Technics. They were asked to…

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Petaling Jaya, Malaysia – Yinson Renewable Energy (YR), the renewable energy arm of Yinson Holdings Bhd, announced the commencement of commercial operations at its Nokh Solar Park in Rajasthan, India. The 285 MW solar project is India’s largest solar operating asset to date and will begin supplying electricity to the Rajasthan grid on November 3,…

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