Swiggy’s moonlighting policy allows employees to take up external gigs

Online food delivery behemoth Swiggy has reportedly established a moonlighting policy that enables its staff to work on external projects, although subject to internal clearance. According to the company, the staff will be&nb....

Robinhood shares surge 13% despite eliminating 23% of its employees

Robinhood Markets, Inc. the trading app that popularized one-click transactions, is reportedly laying off nearly 23% of its employees. The company’s CEO Vlad Tenev claimed that the downsizing would affect staff members throughout the ....

Oracle begins employee layoffs before announcing its quarterly results

Oracle Corporation is reportedly planning to lay off thousands of workers as early as August, as the database and cloud services provider is getting ready to release its first-quarter financial results. For those unaware, employees were ....

Bank of England looking into continuously rising inflation in the U.K.

The Bank of England has reportedly stated that it will take aggressive measures, if necessary, to prevent the inflation issue from becoming a prolonged challenge. Sources claimed that the central bank might bring an unusual hike of a hal....

Indonesia bans multiple online services for missing regulatory deadline

The Indonesian government has reportedly banned access to a series of digital platforms, including PayPal Holdings Inc., Steam, Epic Games Inc., and Yahoo Inc., for failing to comply with the country's new mandate regarding content revi....

LVMH outshines in Q2 as European recovery offsets sales drop in China

Luxury good group LVMH Moët Hennessy Louis Vuitton reported second-quarter revenues beyond analysts’ expectations, with extensive progress in the United States and retrieval in Europe which helped mitigate the dwindling sales in ....

Spotify reports 19% increase in monthly active users since last quarter

Music streaming major Spotify's monthly active users (MAU) has reached 433 million while the number of premium customers rose to 188 million in the second quarter. This compared to the 182 million and 422 million figures the Swedish tec....

Logitech chief positive over company’s growth despite quarterly loss

Logitech International’s chief in command, Bracken Darrell reportedly still believes that the Swiss American company will be able to recoup the losses it suffered due to a decline in sales over the past few months. It is worth noti....

Harley Davidson's production snag could jeopardize its profit outlook

Harley-Davidson Inc.'s two-week manufacturing outage, which began on May 19 and elevated the motorcycle maker's order backlog, has reportedly led to the company reevaluating its profit outlook for this year. As it plans to report it....

China’s BYD planning to enter South Korea’s electric vehicle market

The world's largest manufacturer of electric vehicles, BYD Auto. Co. Ltd., is reportedly preparing for EV sales in the South Korean market, competing against the likes of Hyundai Motor Group, the nation's largest automaker, with low....