Microsoft has agreed to pay the sum of $14 million USD to settle a California agency’s claims that it illegally penalized workers who took Parental and Disability Leave. According to reports, employees who took leave from work due to pregnancy, disability, or to care for a sick family member received lower bonuses, were denied raises…
BYD Opens First EV Factory In Thailand
BYD, the Chinese automotive company that specializes in designing and manufacturing electric vehicles, has opened an electric vehicle factory in Thailand, its first in Southeast Asia. According to reports, the facility is worth $490 million USD and will be able to produce 150,000 vehicles annually. It will also assemble batteries and other important parts, and…
India: Koo Is Shutting Down
Koo is an Indian microblogging and social networking service, launched in 2020 with its headquarters in Bangalore. It allows users to share their thoughts and opinions in the form of ‘koos’. It boasts over 60 million users as of 2022 and has been used as an alternative to Twitter, which is now called X. According…
Stellantis: $55 Million Archer Investment
Stellantis has announced plans to invest an additional $55 million USD in Archer following a successful flight test milestone. This brings the total investment by Stellantis to $165 million USD as part of a strategic funding agreement between the two companies. Construction of Archer’s manufacturing facility will be completed by the end of the year…
Unacademy To Layoff 250
Unacademy is an Indian multinational educational technology company founded in 2015 and headquartered in Bangalore. It is an online educational platform that prepares students for various competitive exams like JEE, NEET, UPSC, Chartered Accountancy, GATE, UPSC NDA, etc. According to reports, Unacademy has announced plans to lay off 250 employees in its marketing and sales…
Chicken Soup for the Soul Files For Bankruptcy
Chicken Soup for the Soul Entertainment, Inc. is an American self-help, consumer goods, and media company founded in 1993 and headquartered in Cos Cob, Connecticut. It is known for the Chicken Soup for the Soul book series. The company has also expanded into other areas such as food, pet food, and television programming. According to…
BlackRock: 3.23 Billion Preqin Acquisition Deal
BlackRock Inc., the multinational investment company, has announced plans to acquire Preqin, a private markets data firm in the United Kingdom, for $3.2 billion USD in cash. This acquisition deal will make private markets investing easier and more accessible while building a better-connected platform for investors and fund managers. It is expected to close by…
Boeing: $4.7 Billion Spirit Aero Acquisition
The Boeing company is an American multinational company founded in 1916 and headquartered in Crystal City, Virginia. It designs, manufactures, and sells airplanes, rockets, satellites, security systems, and missiles worldwide. According to reports, Boeing has announced plans to acquire Spirit AeroSystems in an all-stock deal valued at $4.7 billion USD to solidify its position in…
Baidu Launches Ernie 4.0 Turbo
Baidu, the Chinese multinational technology company that offers cloud computing, artificial intelligence, and internet services, has unveiled its upgraded generative AI model called Ernie 4.0 Turbo. According to reports, Ernie 4.0 Turbo offers faster response and better performance on real-world data than previous models and will be available to users via the web and mobile…
Fisker Recalls 12,523 Vehicles
Fisker has issued a recall of 12,523 vehicles in North America and Europe due to issues with the outer door handles. According to the notice from the National Highway Traffic Safety Administration (NHTSA), a door that fails to open can prevent occupants from exiting in an emergency and increase the risk of injury. Affected vehicles…