Fintech firm PayPal to shed around 2000 staff as global economy plummets

PayPal, the U.S.-based fintech giant, has reportedly announced that it will cut nearly 2000 jobs, approximately 7% of its workforce, as it turns the latest prominent tech company to shed staff in a bid to cut costs. The online payments p....

EasyJet sees a rise in bookings as customers plan their next vacations

British multinational low-cost airline group, EasyJet, has reported a record surge in bookings for the month of January as people prioritized their travel plans for the coming year. The news comes as airlines world over start to show signs ....

Microsoft investigates Teams and Outlook outage that left users disrupted

Microsoft, the U.S.-based technology frontrunner, reportedly investigating an outage that prevented thousands of customers from accessing services like Teams and Outlook. Apparently, the tech giant did not disclose the number of users th....

UK: Budget & basic items’ cost in supermarkets soar 20.3% in December

Britishers who rely on the budget-friendly aisles of supermarkets reportedly saw the biggest increases in food prices in the months leading up to Christmas, significantly outpacing those for luxury as well as premium brands, as per a survey....

Sun Cable shuts as $21B solar project to power S’pore hangs in balance

Sun Cable, the Singapore-based solar energy company, has reportedly entered voluntary administration, despite the financial support it received from billionaire investors. The company was supposed to be working on a A$30 billion (US$21 bill....

Australia expects supply chain pressure as Covid-19 spikes in China

Australia reportedly anticipates a significant impact from the sharp rise in Covid-19 cases in China on global supply chains and is therefore keeping a close eye on the situation, according to Treasurer Jim Chalmers. In a radio interview....

Southwest’s flight suspensions amid US storm leave passengers stranded

Southwest Airlines, the Texas-based low-cost carrier, was reportedly criticized as it dealt with massive flight cancellations as competing US airlines recovered from a devastating winter storm. The Dallas-based, domestic airline, which h....

U.K. Govt. commits $5.4B to fund Bulb’s acquisition by rival Octopus

The U.K. government has reportedly pledged to contribute up to US$5.4 billion (£4.5 billion) to help rival Octopus acquire the bankrupt energy supplier, Bulb. After more than a year under state control, Bulb's 1.5 million consu....

Plugo secures $9 million in plans to expand R&D team and hiring

Singapore-headquartered startup, Plugo has reportedly secured $9 million in a Series A funding round. The business provides direct-to-consumer (D2C) companies with a full range of e-commerce support services, including handling marketing, b....

HCL collaborates with Intel and Mavenir to offer 5G solutions

HCL Tech, the Indian multinational information technology (IT) services and consulting company has recently announced that it has collaborated with Intel Corporation and Mavenir to build and offer scalable private 5G network solutions for b....