Hyundai Motor Company & Advent sign JDA to develop fuel cell technology

Hyundai Motor Company and Advent Technologies have entered into a joint development agreement, following the assessment of Advent’s Proprietary Membrane Electrode Assembly (MEA) technology. The evaluation was focused on the ability of....

Intellect chooses IHH Healthcare to devise mental health programs

Intellect, a leading mental health platform located in Singapore, has reportedly announced a partnership with IHH Healthcare, which is Asia’s largest private healthcare group. The main objective of the partnership is to introduce and ....

Dyson compensates employees with onetime payment in absence of bonus

Dyson, a British company renowned for its innovative vacuum cleaners, hair dryers and other products, is reportedly offering a majority of the staff at its Singapore headquarters a one-time payment, in recognition of their exceptional contr....

Sapeon pursues new funding round to achieve $400 Mn valuation

Sapeon, a South Korean start-up focusing on the design of artificial intelligence semiconductors for data centers is seeking a funding round to bring its valuation to USD 400 million. Sapeon has the strong support of industry giants like....

McKinsey commences job cuts focused on non-client serving teams

McKinsey and Co. a consulting giant entity has decided to start cutting jobs in one of the biggest rounds of layoffs for the company. This is likely to eliminate the jobs of about 2000 employees from work. The layoffs will be focused on ....

Survey: Inflation to add over £18.2Bn to UK’s non-food retail sales

Inflation is reportedly expected to add another £18.2 billion (US$22 billion) to the UK’s non-food related retail sales in 2023, claims a new survey. As per an E-commerce Delivery Benchmark Report by Auctane as well as Retail....

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....