Banks around the world are announcing job cuts, which could be the biggest in four years, cutting back on spending amid a slowdown in the global economy and a shift to digital, Bloomberg writes. According to the companies and trade unions cited by the agency, this year more than 50 banks announced...

Kalanick to focus on his “ghost kitchen” business which has already gathered around “$400 million” from investors. Travis Kalanick is the co-founder of Uber, who is known for his aggressive approach. Reports have been circulating about his resignation from the company as he seeks to enter into a...

Uber founder Travis Kalanick will leave the board of directors on December 31. He will focus on his new business and charity. Founder and former CEO of Uber, Travis Kalanick, will officially leave the company's board of directors on December 31. It is reported by The Wall Street Journal, citing a...

Apple’s Chief Design Officer Jony Ive officially left the company. It is reported by The Verge. The photograph and the name of Ive disappeared on the official website of the corporation. Previously, they have been published in the section of the company's managers. The fact that Ive is going to...

Following the departure of its co-founder Adam Neumann, the United States based office space sharing and leasing company WeWork is now looking to identify and hire anew new chief executive, said reports quoting information from sources familiar with the matter, even as the company strives to put a...

Fortune of the American entrepreneur, Elon Musk, increased by $ 2 billion over the week thanks to the profit of his company Tesla, Forbes magazine writes. Although analysts forecasted losses for the company after the close of trading on October 23, Tesla recorded a profit of $ 1.86 per share. The...

Yngve Slyngstad, Head of the organization managing the Norway Wealth Fund, decided to resign. This is stated in the quarterly report of the fund. He will remain in office until he finds a successor. Once he resigns, Yngve Slyngstad plans to continue working in the fund and to invest in the fund’s...

Fiat holds merger talks at a time when the auto industry sees dwindling demand as oppose rising cost of emission reduction technologies. Fiat Chrysler and “Peugeot owner PSA” are in talks about a possible “tie-up” which could give “create a $50 billion car giant gathered pace”, while one source...

Zuckerberg faces the U.S Congress for Libra Project and other failures of Facebook. Facebook Inc’s chief executive officer, Mark Zuckerberg agreed that Libra, Facebook’s “planned digital currency” seems to be a “risky project” while reassuring the U.S. authorities that it could take global...