In an effort to turn the streaming service Disney+ profitable during a time of economic uncertainty, Walt Disney Co. plans to halt hiring and eliminate certain positions, reports Reuters citing an internal newsletter. The letter was written by CEO Robert Chapek to Disney executives, outlining the...

According to sources, Meta Platforms intends to start a significant job cuts. It will be the organization's first significant layoff in 18 years. On Wednesday, Meta will make the cuts public. Employees have been instructed to postpone any unnecessary travel. According to the WSJ, thousands of...

According to Equilar, three top executives of Twitter Inc who were fired by new owner Elon Musk will receive separation pay totalling $122 million.   According to people familiar with the situation, Musk fired Twitter CEO Parag Agrawal, Chief Financial Officer Ned Segal, and legal affairs...

According to The Mainichi, Mitsubishi Electric Corporation would discipline eleven former and present executives. The investigation revealed that the company's top officials had falsified records pertaining to inspections of the air conditioners and brake compressors used in its trains for more...

Hyundai Motor Co, Korea's largest automaker, is probing child labor violations in its supply chain in the US and intends to "sever ties" with Hyundai suppliers in Alabama found to have used labourers, according to the company's global chief operating officer Jose Munoz.    In July,...

According to a new study released on Tuesday, the world's largest financial institutions increased their support for companies in the agriculture, forestry, and land use sectors most responsible for deforestation in 2021.   The report, released by the Forests & Finance Coalition of NGOs...

Over the previous two years, citizen complaints to His Majesty's Revenue and Customs (HMRC) against their companies have increased by 70%. The COVID-19 pandemic's two years of restrictions are mostly to blame, according to the Financial Times. The Internal Revenue Service received 15,000 complaints...

The British bank HSBC has extended its offerings to wealthy Chinese clientele.The British bank HSBC has extended its offerings to wealthy Chinese clientele. The official launch of HSBC Global Private Banking's services in Chengdu and Hangzhou, two significant Chinese cities, was announced on...

Once unimaginable, mobile phones could go pitch black throughout Europe this winter if power failures or energy rationing blow out components of the region's mobile networks.   In the aftermath of the Ukraine conflict, Russia's decision to halt gas supplies via Europe's primary supply route...