Business News

Cognizant to cut 13,000 jobs, exit Facebook contract for content moderation

Cognizant employs nearly 300,000 employees globally. 75 percent of the workforce is based in India.

Nov 1, 2019

By Jacob J

Bombardier sells off Belfast plant to Spirit AeroSystems for $1.1 billion

As part of the deal Spirit is also acquiring a smaller facility in the Moroccan port city Casablanca and another maintenance and repair facility in Dallas, Texas

Nov 1, 2019

By R. Ghosh

Singapore-based company Eximchain launches blockchain development tool DappBot

In approximately five minutes, DappBot creates Decentralized Applications (Dapps) with only a smart contract Application Binary Interface (ABI) and no coding is needed

Oct 31, 2019

By IBTimes SG Desk

Fiat Chrysler and France's PSA to merge to create world's fourth largest automaker

Merger talks lift investor sentiment with Fiat's share rallying 9% while PSA's stock price jump almost 6%

Oct 31, 2019

By R. Ghosh

US GDP Grows 1.9% aided by higher consumer spending; holiday season to boost retail sales

Major retailers including Amazon, Walmart, Kroger, Target Corporation, EBay, Best Buy have already started coming up with lucrative deals

Oct 31, 2019

By R. Ghosh

PepsiCo's AMENA CEO Mike Spanos to head Six Flags Entertainment Corp

Mike Spanos will take over as the president and chief executive officer of Six Flags Entertainment Corporation post the retirement of Jim Reid-Anderson

Oct 30, 2019

By R. Ghosh

Holiday Season spending to hit record high, Amazon, Walmart, EBay gear up

Online shoppers are expected to spend $143.7 billion during the holiday season, a rise of 14% compared with last year's sales of $126 billion.

Oct 30, 2019

By R. Ghosh

Amazon prime

grab-driver-faces-jail-time-sexual-assault

Grab rides now available across Southeast Asia through the Booking.com app

It removes the language and currency barriers that can stop many visitors using local transport providers

Oct 29, 2019

By IBTimes SG Desk

Google Parent Alphabet to acquire Fitbit?

Google has been trying to get a share of the wearable device market pie and the bid to acquire Fitbit might be a move in that direction.

Oct 29, 2019

By R. Ghosh

Samsung

Ford to dump iconic crossover Flex; Oakville plant may see another around of layoff

Ford has been trying to realign its lineup for quite some time now and focus on trucks and SUVs, which have become the preferred choice of most Americans.

Oct 29, 2019

By R. Ghosh

A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018.

Uber enters financial services: With Uber Money drivers to get paid after each trip

Uber Money will now oversee Uber's credit card, debit card, wallet for drivers, Uber Cash and Uber Pay.

Oct 29, 2019

By R. Ghosh

US and China expansion signify growth in cross-border payments for Thunes

Thunes, a global interoperable B2B cross-border payments network, has secured approval to operate in the world's two largest economies, US and China

Oct 28, 2019

By IBTimes SG Desk

Amazon, EBay offer gloomy outlook for the all-important holiday season

The holiday season may not prove to be that productive not only for Amazon and EBay, but also the entire retail sector.

Oct 27, 2019

By R. Ghosh

'Screw Amazon' out of a $10-Bln JEDI contract, President Donald Trump told Defence Secretary

Trump's personal dislike for Jeff Bezos influenced the Pentagon decision to award the $10 billion cloud contract to Microsoft, says new book.

Oct 27, 2019

By Jacob J

Facebook to launch news section, will pay publishers for their headlines

Facebook will launch a new section called ''News Tab'' and will pay publishers for the headlines and content.

Oct 26, 2019

By Vinod DSouza

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