The Italian Competition Authority, also known as ICA, is the competition regulator in Italy. It was established by law in 1990 and is responsible for enforcing laws against conflicts of interest for holders of public office in both Italy and Europe. According to reports, Italy’s antitrust authority fined TikTok €10 million ($10.94 million USD) for…
IBM to Layoff 8,000
The International Business Machines Corporation is the largest industrial research organization in the world, specializing in computer hardware, middleware, and software solutions. IBM was founded in 1911 and is headquartered in Armonk, New York. According to reports, IBM has announced plans to lay off 8,000 employees in the marketing and communications divisions over a 5-year…
China: 2 Killed in Building Fire
Hebei is a province in North China. It is the sixth most populous province in China, with a population of over 74 million residents as of 2020. According to reports, there has been an explosion at a ground-floor restaurant in a residential area of Sanhe city, Hebei province, on Wednesday, March 13, 2024. The unfortunate…
PwC to Layoff 329
PricewaterhouseCoopers International Limited, commonly known as PwC, is a multinational professional services brand. PwC is one of the largest professional services networks in the world, counted among the Big Four accounting firms: Deloitte, KPMG, and EY. Founded in 1854 as Coopers & Lybrand, with its headquarters in London, UK, its core services include assurance, consulting,…
India: $100 Billion Free Trade Deal
The government of India has signed a Free Trade Agreement (FTA) with the European Free Trade Association (EFTA), which comprises of Norway, Switzerland, Iceland, and Liechtenstein. Under this deal, India will lift most import tariffs on industrial goods from the four countries in return for investments over a 15 year period amounting to $100 billion…
Indonesia: Landslides Kill 26
The Republic of Indonesia, commonly referred to as Indonesia, is a country located in the Southeast Asia region, between the Pacific and Indian oceans. West Sumatra is a province of Indonesia. It is on the west coast of the island of Sumatra and boasts of a population of over 5.6 million residents as of 2022….
2024: Ramadan
Ramadan is the holy month of fasting observed by millions of Muslims around the world. During Ramadan, Muslims abstain from eating, drinking, and engaging in sexual activity from dawn until sunset. This is done to commemorate the first revelation of the Quran to the Prophet Muhammad. Ramadan is also a time of increased devotion and…
Nikon Acquires RED
Nikon Corporation is a Japanese company that specializes in optics and imaging. It was founded in 1917 with its headquarters in Tokyo, Japan. Nikon produces cameras, camera lenses, binoculars, microscopes, rifle scopes, and other related gear. It is the world’s second-largest optics manufacturer. According to reports, Nikon has announced that it acquired RED digital cinema…
Starbucks to Layoff 2,000
Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves. It is currently the world’s largest coffeehouse chain. Founded in 1971 with its headquarters in Washington, USA, the company operates over 35,000 stores in about 80 countries. According to reports, AlShaya Group, the operator of Starbucks in the Middle East and North Africa…
Accenture to Acquire Udacity
Accenture plc is an Irish-American company that specializes in information technology (IT) services and consulting. It was founded in 1989 with its headquarters in Dublin. Accenture was the largest consulting firm in the world by number of employees as of 2022. According to reports, Accenture has announced plans to acquire the online learning platform Udacity,…