Mark Zuckerberg’s Meta is axing its diversity programmes, joining firms across corporate America that are rolling back initiatives criticised by conservatives, citing legal and political risks. The move comes just days after the tech giant, owner of Facebook, Instagram and WhatsApp, said it was ending a fact-checking programme criticised by President-elect Donald Trump and Republicans and elevated conservatives to key …
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The London Stock Exchange (LSE) has been asked what checks are in place to vet firms after fast-fashion retailer Shein refused to answer “basic questions” over its supply chain. Liam Byrne, chair of the Business and Trade Committee, wrote to Dame Julia Hoggett asking if the stock market had tests in place to “authenticate statements” by firms seeking to list, …
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More than two million train tickets will be sold at a discount under a government scheme which begins next week. Advance and off-peak tickets will be reduced by as much as half during a week-long sale starting on Tuesday for journeys across the UK between 17 January and 31 March. The Department for Transport (DfT) said passengers saved about £5.8m …
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BENGALURU: Infosys filed a counterclaim against Cognizant in a US court, alleging that its rival Cognizant and its CEO, Ravi Kumar, engaged in anticompetitive practices to stifle competition and maintain dominance in the healthcare payer software market. Infosys demanded a jury trial and sought triple compensation for damages incurred, along with appropriate legal fees and expenses.This development came six months …
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Getty Images It has not been a good week for Chancellor Rachel Reeves. Government borrowing costs have hit their highest level in 16 years and the pound has fallen to a 14-month low against the dollar. She has gone on a planned trip to China amid accusations from opposition parties that she is leaving at a moment of economic peril. …
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Getty Images US jobs growth unexpectedly surged last month, suggesting the world’s largest’s economy is not about to give up its claim to be the “envy of the world” anytime soon. Here are three things we’ve learned from the latest numbers. 1. The US economy is stronger than expected For years, there have been rumblings of concern about a potential …
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PM Narendra Modi has made his podcast debut with Zerodha co-founder Nikhil Kamath. Prime Minister Narendra Modi on Friday made his podcast debut with Zerodha co-founder Nikhil Kamath. The over 2 hour long podcast titled, “People with The Prime Minister Shri Narendra Modi x Nikhil Kamath” is part of Nikhil Kamath’s “WTF is” podcast series.The podcast covered a wide range …
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Maya and Leah Tata, daughters of Tata Trusts chairman Noel Tata, have joined the board of trustees at Sir Ratan Tata Industrial Institute (SRTII), a subsidiary of Sir Ratan Tata Trust, which is a primary shareholder of Tata Sons.Following the departure of Arnaz Kotwal and Freddy Talati, Maya and Leah Tata have assumed their positions as trustees of SRTII. While …
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MUMBAI: Kotak Mahindra Capital Company (KMCC) on Friday pegged the overall initial public offer (IPO) market pipeline at $35 billion for 2025. This will be a substantial jump from the $22 billion, which companies raised in the just concluded 2024, the company said. A bulk of $9 billion of the IPOs in the pipeline are from the financial services sector, …
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The US economy in December added the most jobs since March and the unemployment rate unexpectedly fell, capping a surprisingly strong year and supporting the case for a pause in Federal Reserve interest-rate cuts.Nonfarm payrolls increased 256,000, exceeding all but one forecast in a Bloomberg survey of economists. The unemployment rate fell to 4.1%, while average hourly earnings rose 0.3% …
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