Business

The Wall Street Journal reported on Sunday that McDonald’s, the burger chain, will be closing its US offices temporarily this week to inform corporate employees about the upcoming layoffs as a part of a larger company restructuring. According to the Wall Street Journal, McDonald’s Corporation has sent an internal email ...

China’s leading lithium producers have reportedly agreed to establish a price floor of 250,000 yuan ($36,380) per tonne of lithium carbonate, as per six individuals who are familiar with the situation. The move is aimed at curbing a sharp decline in the price of the battery raw material due to ...

On Wednesday, video game company Electronic Arts (EA) announced its plans to reduce office space and cut around 800 jobs, which accounts for approximately 6% of its total workforce. In a note addressed to employees, CEO Andrew Wilson explained that Electronic Arts (EA) is shifting its focus towards projects that ...

Walmart is facing a lawsuit by the U.S. Equal Employment Opportunity Commission (EEOC) for terminating the employment of an employee in North Carolina who had Crohn’s disease, following allegations that the company declined to provide her with leave related to her disability. According to a complaint filed in federal court ...

In a memo sent by CEO Bob Iger, Disney has announced that it will initiate layoffs this week, marking the beginning of three rounds of job cuts that will result in approximately 7,000 job losses before summer. The decision to lay off employees is part of a larger plan to ...

On Sunday, the head of the International Monetary Fund, Kristalina Georgieva, stated that although actions taken by advanced economies have calmed market stress, risks to financial stability have still increased, and therefore called for ongoing vigilance. The managing director of the International Monetary Fund restated her belief that 2023 will ...

Walmart, the largest private employer in the United States, is cutting hundreds of jobs at its e-commerce facilities nationwide, joining other retailers in preparing for a challenging year ahead. As retailers anticipate flat or decreasing sales, Walmart is reducing its workforce. This is due to the impact of inflation and ...

With its immense popularity, TikTok has become the most widely used smartphone application in the United States, making the U.S. government’s proposed ban on the app a daunting task. The challenge faced by lawmakers is to convince the millions of individuals and businesses that rely on the app that the ...

Market research reports can be incredibly useful for business owners in several ways. Here are a few examples: Identifying new opportunities: Market research reports can help business owners identify new market opportunities or emerging trends that they may not have otherwise been aware of. This can help businesses stay ahead ...

The Organization of the Oil Producing Countries OPEC Plus last week decided to cut production by 2 million barrels per day. America was opposed to this decision. The move is believed to be creating a gap between the Biden administration and the Saudi royal family. While both have been each other’s trusted allies. ...