Hashtag: #BusinessNews

Indian commerce minister Piyush Goyal visits Singapore ahead of G20 trade meet in South Africa

The minister’s overseas visit also includes Qatar and ends with the G20 trade ministers’ meet in South Africa. There, he will have a discussion with European Union (EU) Trade Commissioner Maroš Šefčovič.

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AI restructuring: Accenture lays off 11,000 employees

IT giant Accenture has announced that it has removed 11,000 employees in the last three months, and more layoffs could be expected in the upcoming months as part of its AI restructuring. Between May and August this year, the company’s headcount fell from around 791,000 to 779,000, reported Tech.co. The current round of layoffs is […]

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Amazon to pay USD 2.5 bn in US FTC settlement over Prime sign-up practices  

The US Federal Trade Commission (FTC) said on Thursday it has reached a “historic” settlement with Amazon.com Inc and two senior executives over allegations the company enrolled millions of consumers in Prime subscriptions without consent and made it difficult to cancel.

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Cochin Shipyard, Singapore’s Seatrium sign MoU to boost offshore collaboration

Under the MoU, the two companies will combine their complementary strengths — SOT’s engineering excellence, specialised equipment and offshore solutions, and CSL’s extensive infrastructure, fabrication facilities and ship repair expertise to leverage business opportunities.

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