Business

Goldman Sachs to cut about 3,200 jobs after cost review


New York: Goldman Sachs Group will start cutting thousands of jobs across the firm this week, reports said citing sources, as it prepares for a tough economic environment. The sources could not be named as the information was not yet made public. Goldman Sachs declined to comment. The job cuts are expected to be just over...

Third of global economy will be in recession this year: IMF


Washington, Jan 2 (IANS) International Monetary Fund (IMF) chief Kristalina Georgieva has warned that a third of the global economy will be in recession this year and 2023 will be "tougher" than 2022 as the US, EU and China will see their economies slow. "We expect one third of the world economy to be in...

Forensic report reveals Imran was hit by ‘fragments, not bullets’


Islamabad: A forensic report has revealed that former Pakistan Prime Minister Imran Khan was hit by three bullet fragments and a metal piece during an assassination attempt last year when he was leading a PTI rally to the federal capital. The PTI chairman was injured by gunfire aimed at his open-top container truck as he...

Pakistan Taliban issues threat to Shehbaz Sharif, Bilawal Bhutto


Islamabad: The Tehreek-e-Taliban Pakistan (TTP) has announced that it is considering taking concrete steps against the two major parties of the ruling coalition - the Pakistan People’s Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N), according to a media report. A statement issued by the TTP said that "if these two parties remain firm on...

Twitter suspends Indian microblogging platform Koo’s query handle


Microblogging site Twitter has suspended an account of the Indian microblogging platform Koo. The Twitter handle @kooeminence, which had been set up for users' queries, was suspended on Friday.  The development came in the wake of billionaire Elon Musk-owned Twitter suspending the accounts of several prominent global journalists, including those from the New York Times, CNN and Washington...

Global aviation organisation ICAO rejects Spicejet’s audit story


New Delhi: Days after the budget airline SpiceJet claimed that its safety processes were found to be strong during an exhaustive audit by the International Civil Aviation Organisation (ICAO), the UN's civil aviation agency clarified that visits to operators are not audits. "ICAO's Universal Safety Oversight Audit Programme (USOAP) team performed an ICAO Coordinated Validation...

US announces fusion tech clean energy breakthrough for warming world


New York: The US has announced a breakthrough in clean energy for a warming globe through fusion technology that could transform the way the world is powered, imitating the process that makes the sun and stars shine. White House Science and Technology Policy Director Arati Prabhakar called it "an engineering marvel beyond belief". "This is such...

Pottery Barn ropes in Deepika Padukone as brand ambassador ahead of global expansion


Pottery Barn, a portfolio brand of Williams-Sonoma, Inc., the world’s largest digital-first, design-led and sustainable home retailer, announced on December 9, 2022, a global partnership with the iconic international celebrity, Deepika Padukone. The actor, entrepreneur, and philanthropist has been signed as a brand ambassador to promote Pottery Barn’s international expansion which began with the...

Tata Sons’ N. Chandrasekaran Chair of B20 India, to lead biz agenda


Mumbai: Tata Sons Chairman N. Chandrasekaran has been appointed by the government as the Chair of Business 20 India and will lead the business agenda during the country's G20 Presidency, an official statement said. The Confederation of Indian Industry (CII), India's apex industry body, has been named as the B20 India Secretariat by the government...