Unicorn fintech startup Slice secures 5% stake in North East bank

Slice, the well-known Indian unicorn fintech startup, has reportedly secured a 5% stake in the Indian bank, namely North East Small Finance, which analysts say is a crucial milestone in the journey of the unicorn fintech company against ris....

Tesla plans to establish new factory in Mexico to expand its presence

Tesla, the prominent American electric carmaker, has reportedly planned to open up a new factory in Mexico, following other automakers in building their presence in the south of the U.S. border. Mexico's President, Andres Manuel Lopez ....

British Steel to close coking ovens in Scunthorpe amid loss of 300 jobs

British Steel, the U.K.-based long steel products firm owned by Hebei Jingye Steel Structure Technology Co., Ltd., is reportedly set to announce the shutdown of its closing ovens in Scunthorpe, subsequently resulting in the cut down of unde....

U.K.’s inflation rate falls for third consecutive month; hits 10.1%

In January, the inflation rate in the U.K. reportedly fell for the third month straight to 10.1%, falling short of economists' predictions, but high energy and food prices continued to impose stress on British families. Economic poll....

Zoom announces reducing 15% global workforce due to sluggish growth

Zoom Video Communications, the US-based technology company, has reportedly announced its plans to cut back around 15% of its employees as the company, that was overly used during the pandemic, faces slower growth. Eric Yuan, Zoom CEO, br....

OpenAI to launch software tool ‘imperfect’ to identify AI-generated text

OpenAI, the American AI company and maker of the prominent chatbot, ChatGPT, has reportedly launched a software tool to detect artificial intelligence (AI) generated text, the firm announced in a blog post on Wednesday. ChatGPT is a free....

SMSes from firms without IMDA registration to be marked ‘likely scam’

SMS messages sent by organizations that are not registered with the Infocomm Media Development Authority (IMDA) would be reportedly marked as 'likely scam' starting January 31. In an effort to combat the scam outbreak in Singapor....

Twitter’s famed bird statue up for auction as Musk battles to pay rent

Twitter, the well-known social media platform now owned by Tesla boss - Elon Musk, has reportedly placed lots of potential items from its headquarters in San Francisco up for auction online. A statue of the company's famed bird logo ....

Fashion chain Uniqlo to raise pay by over 40% for its Japan workforce

Uniqlo, a fashion chain based in Japan, has reportedly announced a pay hike for its workforce in Japan by over 40%. Fast Retailing stated that the new compensation policy will take effect in early March for full-time staff at its headqua....

U.K. food inflation surges 13.3%; prompts concerns over a difficult 2023

Recent figures reveal that food price hikes in the U.K. have reportedly reached a new high in December, as retail sector leaders warned that the rising inflation would persist in 2023 as a result of soaring energy bills. Based on the mos....

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