Business
Digital commerce giant Amazon is set to reduce its corporate workforce by up to 30,000 employees, representing nearly 10 percent of its estimated 350,000-strong corporate staff. This would mark the company’s largest job-cutting exercise since the 27,000 layoffs in late 2022 and early 2023. Reason Behind The Cuts Executives cited over-hiring during the pandemic, rising […]
Defence National
Hindustan Aeronautics Limited (HAL) has signed a memorandum of understanding (MoU) with Russia’s United Aircraft Corporation (UAC) to manufacture the SJ-100 civil commuter aircraft in India. The agreement was formalised in Moscow on October 27, marking a key step in boosting India’s indigenous aircraft production capacity. What the MoU Covers Under the pact, HAL will […]
International
Bangladesh and Pakistan have agreed to revive their trade and economic cooperation after nearly two decades of limited engagement. The breakthrough came during the ninth session of the Joint Economic Commission (JEC) held in Dhaka, the first since 2005. Both nations expressed commitment to take ties to a “new strategic level” through investments, trade expansion […]