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Amazon extends last year’s job cuts to 18,000

The giant retailer said it had “hired rapidly” over the past few years. It also cited the “uncertain economy” as a reason for its latest round of job cuts. Giant retailer Amazon announced on Wednesday...

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Indian students studying abroad, India & Recession

Experts are constantly warning that countries such as the United States and the United Kingdom may face a recession amid the global recession. Meanwhile, the Indian rupee continued to depreciate due to the slowdown in...

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Economies in Africa had it rough in 2022

Record inflation, high debt levels and weak currencies sent the cost of living soaring in many parts of sub-Saharan Africa throughout the year. When Richard Gbewornyo graduated as a videographer in Accra, he was ready to...

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Hydrogen is changing power dynamics in energy sector

As the EU tries to finalize its hydrogen rules, Asian countries are moving fast to secure deliveries and the US is committing money to set up local supply chains. Can the Middle East collaborate with...

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Do you spend more while using a mobile wallet?

“Tap, scan the QR code and payment is successful’’ has become a very familiar phenomenon to many Indians, especially in the urban area. The ease, convenience and frictionless privilege to access one’s funds without using...

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Port of Berbera: Dubai invests in Horn of Africa shipping

Dubai-based DP World is expanding its operations in Somaliland as part of a plan to turn the breakaway region into a major trade hub. Even though Somaliland relinquishes commercial power, it may gain political weight....

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BlackRock CEO draws investor fire over ESG ‘greenwashing’

UK activist investor Bluebell Capital has called on BlackRock to replace CEO Larry Fink over his failures to move the money management firm beyond investments in fossil fuels. Larry Fink’s annual letter to CEOs is...

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Motivation – A human imperative

Times have changed, but motivating the workforce is still a paradox.  The concept of motivation going fluid these days, the levels of motivation differs in individuals as well as in interpersonal relationships. Motivation is defined...

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European Rates Continue to Surge, Sending Stocks Spiraling Lower

Seven of the G10 central banks pumped the brakes between last week and this week as they purposely seek to push demand back into line with supply. And there are more signs that they are...

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Explaining the ‘unexplained’ gender pay gap

A team of researchers from 15 different countries has completed a major new study on the gender pay gap. It upends previous research that suggested the gap was caused by the types of jobs men...

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IEA predicts renewable energy to overtake coal by 2025

A report by the International Energy Agency says energy insecurity amid war in Ukraine is spurring a renewable power surge. Experts predict the sector will soon surpass coal as the world’s largest electricity source. The...

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US and EU reach stalemate on green subsidies

There was trans-Atlantic harmony on most issues at a meeting of the recently established Trade and Technology Council. However, a gaping rift exists when it comes to US state support for green cars and renewables....