The last year has been really tough for aviation industries and airlines are still looking for ways to get back in the sky after the coronavirus pandemic brought it to a grinding halt. Such is…
Business
Twitter Offered USD 1.1 Billion To Buy ShareChat, Wanted To Develop It As Global Rival To TikTok
Microblogging platform Twitter is serious about its expansion plan. It wants to cover the market as much as possible. It planned to acquire ShareChat. ShareChat is an Indian social networking platform. It was founded in…
SoftBank To Pay Almost USD 500 Million To WeWork Founder Adam Neumann Under A Settlement Agreement
WeWork co-founder Adam Neumann is likely to be paid around USD 500 million under the proposed settlement over payout with SoftBank. The development comes less than two years after the departure of the former Chief…
Mazda Motor Is The Best Overall Car Brand For 2021 As Per Consumer Reports
Mazda Motor has been pegged as the best brand of the year 2021 by Consumer Reports. This is for the first time when Japanese multinational automaker has managed to clinch the top position. The ‘zoom-zoom’…
UK Top Court’s Landmark Ruling Says Uber Drivers Are Employees, Entitled To Worker Benefits
In a landmark judgment, the Supreme Court of the United Kingdom said that all Uber drivers are legal workers. The top court clarified that these drivers are self-employed contractors as argued by the ride-hailing service.…
Bombardier To Stop Production Of Learjet, To Lay Off 1,600 Employees
Bombardier has announced that it would stop production of Learjet aircraft later this year. The manufacturer of the business jets said that the decision has been taken so that it can shift focus on more…
Aunt Jemima Gets A New Name After 131 Years, PepsiCo Explains Story Behind It
PepsiCo has announced that it is rebranding ready-mix pancake flour Aunt Jemima to Pearl Milling Company. Explaining the history behind the new name, the food and beverage giant said that theme will continue to be…
TikTok To Become An American Company, To Move Headquarters In The US
Chinese video-sharing app TikTok is all set to become an American company. ByteDance has decided to shift the headquarters of TikTok to the United States. ByteDance is a Chinese multinational. It owns TikTok. The development…
Amazon Launches Smart Plug Exclusively For Indian Market, To Act As Buffer Between Power Socket And Appliance
American tech giant Amazon has launched a Smart Plug. The Smart Plug is said to be developed by Amazon exclusively for the Indian market. It has a three-pin socket design. The Smart Plug has a…
Raytheon Technologies To Cut 15,000 Jobs Commercial Aerospace Jobs
Raytheon Technologies has plans to cut 15,000 jobs this year amid the coronavirus pandemic that has resulted in a downturn in the aviation industry. The latest elimination by the defense and aerospace company comes on…