US Macy's Inc. announced downsizing of 3,900 jobs amid the crisis caused by the COVID-19 pandemic. The cuts, which will affect about 3% of the company's staff, excluding seasonal workers, will be carried out both among management and among ordinary employees, according to a Macy's press release. In...

The German chemical company Bayer AG has agreed to an out-of-court settlement of about 100,000 lawsuits in the United States, which accuses the company of spreading the carcinogenic herbicide Roundup. "The company will pay a total of $ 10.1 to $ 10.9 billion to settle current and potential future...

Taiwan's Foxconn is looking to make more investments in its Indian operations and could make an announcement to that effect within the next few months, said the company’s chairman. The largest contract manufacturer of the world also views the outlook for its business opportunities in India to be...

The decision of the United States President Donald Trump to suspend granting of visas to a section of foreign workers aimed at boosting jobs for Americans has been opposed by corporate America and companies in the tech sector and their well known leaders. That includes companies like Google and...

The French investment company Phitrust, a minority shareholder in the PSA Group (which produces Peugeot and Citroen cars, as well as DS, Opel and Vauxhall), has opposed the merger of PSA with Fiat Chrysler Automobiles NV (FCA) on terms agreed last year. In a press release issued on the eve of the...

The Swedish mapping technology company Mapillary that gathers together images contributed by tens of thousands of contributors to create immersive and up-to-date maps have been acquired by last week by the social media giant Facebook, the two companies announced.   The technology at the...

In the wake of the racial-justice protests in the United States and other countries following the death of a black man allegedly because of police brutality in the US, there are many customers who have pledged to direct their spending towards companies that are Black-owned. This has prompted a...

One of the leading air carriers in Japan, Japan Airlines (JAL) announced its intention to pay each employee up to 150 thousand yen (about $1.4 thousand) as measures to support personnel amid a significant drop in the number of flights due to the coronavirus epidemic, Kyodo reported. It is assumed...

Groceries in the United Kingdom, other parts of Europe and in the United States is anticipating a shift to home delivery of products beyond the end of the novel choronavirus pandemic crisis which has prompted the German discount supermarket chains Aldi and Lidl to accelerate their push into home...