Pakistan to head IMF, World Bank boards after 74 years  amid persistent economic crisis

IND-W vs ZIM-W, 1st T20I: Deepti Sharma, Niki Prasad shine as India beat Zimbabwe by four wickets

US midterms 2026: Ken Paxton may have Elon Musk to thank if he wins the Texas Senate race. Here's why

Trump invokes national interest to waive new Russia sanctions, tariffs; India gets relief from 100% tariff threat

Ankita Bhandari murder case: Parents meet CBI, seek impartial investigation

Lizard people? Ex-US Army sniper claims soldier killed by 'reptilian beings' in battle near Area 51

Gravitas | Iran threatens to hit key bridges in 7 countries if US resumes strikes

Ukraine drone strike disrupts 22 Russian airports, over 200 flights

Not Khan but Pal: Why did Imran Khan choose his mother's surname over his father's? Family tree explained

A secret code, a midnight escape and 300 deaths: The Russian officer who turned on Putin

'Reason UN has lost credibility': Amid SIR protests India hits out at report alleging 'youth repression'

Oregon school shooting: 16-year-old shooter identified, used shotgun bought by mother; Trump praises bystander who shot gunman as 'great hero'

China tells Israel to stop West Bank settlements, calls Palestine issue ‘historic injustice’

‘My president, I mean my husband’: Trump's new press secretary Katie Zacharia's first briefing goes off the rails in 14 minutes

China responds to Trump's Press Secretary Katie Zacharia after toilet remark: 'Visit China more often'

Who left the White House podium the fastest? Press secretaries with the shortest stints

Vijay Deverakonda and Rashmika Mandanna's Ranabaali X Review: Netizens call it history-rich but overstuffed

Ramayana Part 1: Sai Pallavi's warrior avatar as Sita steals the spotlight in new BTS footage

Israel examines Russia's Shahed-type drones sent by Ukraine to combat Iran | Gravitas

US midterms 2026: Alexandria Ocasio-Cortez donates $1 million to Abdul El-Sayed’s as Michigan race heats up

Here’s who is eyeing the White House press secretary role after Katie Zacharia’s exit

Infiltration bid foiled in Kupwara’s Keran sector, search operation underway

Sean ‘Diddy’ Combs transferred to new prison amid reports of special privileges

Abhishek Sharma sets all-time record for most T20I sixes in a year

No Ravindra Jadeja, Yashasvi Jaiswal in India’s 2027 ODI World Cup plans: Report

Inside Tesla's Roadster: 10 features of Elon Musk's 'flying car' that push the limits of electric vehicles | In Pics

India’s naval priorities: Ex-Navy Chief calls for third aircraft carrier, more warships and submarines

Starlink says 'ready to connect India with high-speed internet' amid Reliance row

New Friday OTT releases (October 16, 2026): DC, Sacrifice, Aasha- 6 new movies and TV shows coming on Netflix, Zee 5, Prime Video and more

One species, two lineages: Why Sri Lanka’s spectacled cobra differs genetically from Indian variant

Oil tanker carrying over 2M barrels of crude hits mine in Strait of Hormuz, catches fire, says Iran

Selma Blair’s team responds to flight incident, says actress ‘did not intend to harm anyone’

US ends automatic work permit extensions; Indian workers lose 540-day safety net: What it means

US lawmaker Pramila Jaypal writes to Rubio, urges to raise handling of CJP protest with India

An important development from the world of global aviation. Over 100 countries have agreed to set an interim goal to reduce emissions by 2030. The goal calls for 5% lower carbon emissions through the use of cleaner energies like sustainable aviation fuel or SAF.

Countries agree to set interim goal to reduce emissions by 2030

Berkshire Hathaway has sold its 2.46 per cent stake in PayTM's parent company -- One97 Communications -- at a hefty loss. Over 15 million shares of the FinTech firm have been sold on India's National Stock Exchange, at a loss of about 62 million dollars.

Berkshire Hathaway sells 2.46% stake at a hefty loss

Can money buy happiness? A recent survey by empower and the Harris poll tried to find answers to this much-debated question. We explore the price tags each generation attaches to happiness and the evolving dynamics of financial well-being.

Americans link $1.2m to happiness in survey results

Data from 'Black Friday' sales shows that the U.S. economy continues to defy the odds of recession. U.S. retail sales during the one-day shopping festival rose 2.5% compared to last year.

Report: Retail sales rises 2.5% compared to last year

According to the Confederation of All India Traders (CAIT), the stage is set for a remarkable business surge, with projections reaching an impressive $63 billion. This comes as 3.8 million weddings are expected to unfold across the nation, commencing from dev Uthan Ekadashi and continuing until December 15.

Business worth $63 bn anticipated in upcoming wedding season

Beijing police are investigating suspected crimes committed by Zhongzhi Group, a leading Chinese wealth manager. This comes just days after the company told investors it is heavily insolvent with up to $64 billion in liabilities. A social media post from Beijing authorities said it is looking into "many" suspects involved with the company. It encourages investors to report their losses & help the authorities with the investigation.

Beijing police probing suspected crimes of Zhongzhi Group

In two weeks time, Argentina will have a new president. Javier Milei has positioned himself as an outsider, who can employ creative solutions to Argentina's economic woes. But how did Argentina reach such a situation? What is the way forward? We have ambassador R Viswanathan, ex envoy to Argentina, for more perspective.

What's next for Argentina's economy?

Billionaire Elon Musk's recent endorsement of an Anti-Semitic post on 'X' could prove to be costly for the social media platform. The New York Times reports that the Musk-owned social media company could lose as much as $75 million in advertising revenue by the end of 2023.

Musk's endorsement of antisemitic post could prove costly for 'X'

Alibaba founder Jack Ma has decided to delay plans to reduce his stake in the Chinese e-commerce giant. The move follows a series of events, including the cancellation of the spin-off of Alibaba's $11 billion cloud business and a $22 billion drop in market value in a single day.

Alibaba founder delays plans to reduce his stake in company

The US Federal Reserve is moving decisively away from ultra-aggressive tightening policy into a wait-and-watch mode, with the latest language from the policymakers suggesting a clear caution in their tone.

From behind the curve in 2021, when the Fed called the surge in inflation as 'transitory' to 'more rate hikes needed' as recent as last month, the journey of the US central bank mirrors the global policy path over the last two years.

With inflation showing clear signs of easing, the Fed looks to take its pedal off the accelerator.

History, perception &amp; expectations

Historically, a rate-hike cycle follows a short pause in the policy path before interest rates are cut.

But, this is where experts are divided.

While one section of economists and analysts expect policy to stay on hold until the second half of next year, an equal number of them predict the central bank will bring its knife out in the April-June quarter.

The reason for the divide is inflation expectations.

Easing inflation calls for a pause in rate hikes, but the triggers of elevated price pressures over the past year are still at play.

Geopolitics-driven disruption to global supply chains, rising cost of living and no signs of international crude prices cooling anytime soon.

So, with the recipe for inflation surge still intact, the question of central banks 'behind the curve' narrative gains traction.

Damned if they do, damned if they don't

Global central banks have had a tough balancing act over the past two years - managing surging price pressures and slowing economic activity simultaneously.

While what they have done is commendable at a time when external factors, including the Russia-Ukraine war, influenced policy decisions, the real question is: Are central banks responding after the events rather than being proactive?

Broadly - the expectations now point to an end to rate-hike cycles, with most major central banks predicted to move into a pause mode.

Bets are also piling up for rate cuts in 2024, but the hesitation and uncertainty reflect past mistakes.

Will the beginning of 2024 be a decisive moment to welcome a shift in policy path, or will we have more of the same?

Households would hope central bank policies support their purses, and businesses would want their borrowing costs lowered.

The next phase of the monetary cycle is filled with the same sentiment - dilemma.

The US Federal Reserve is moving decisively away from ultra-aggressive tightening policy into a wait-and-watch mode, with the latest language from the policymakers suggesting a clear caution in their tone.

The US Federal Reserve is moving decisively away from ultra-aggressive tightening policy into a wait-and-watch mode, with the latest language from the policymakers suggesting a clear caution in their tone. From behind the curve in 2021, when the Fed called the surge in inflation as 'transitory' to 'more rate hikes needed' as recent as last month, the journey of the US central bank mirrors the global policy path over the last two years. With inflation showing clear signs of easing, the Fed looks to take its pedal off the accelerator. History, perception & expectations Historically, a rate-hike cycle follows a short pause in the policy path before interest rates are cut. But, this is where experts are divided. While one section of economists and analysts expect policy to stay on hold until the second half of next year, an equal number of them predict the central bank will bring its knife out in the April-June quarter. The reason for the divide is inflation expectations. Easing inflation calls for a pause in rate hikes, but the triggers of elevated price pressures over the past year are still at play. Geopolitics-driven disruption to global supply chains, rising cost of living and no signs of international crude prices cooling anytime soon. So, with the recipe for inflation surge still intact, the question of central banks 'behind the curve' narrative gains traction. Damned if they do, damned if they don't Global central banks have had a tough balancing act over the past two years - managing surging price pressures and slowing economic activity simultaneously. While what they have done is commendable at a time when external factors, including the Russia-Ukraine war, influenced policy decisions, the real question is: Are central banks responding after the events rather than being proactive? Broadly - the expectations now point to an end to rate-hike cycles, with most major central banks predicted to move into a pause mode. Bets are also piling up for rate cuts in 2024, but the hesitation and uncertainty reflect past mistakes. Will the beginning of 2024 be a decisive moment to welcome a shift in policy path, or will we have more of the same? Households would hope central bank policies support their purses, and businesses would want their borrowing costs lowered. The next phase of the monetary cycle is filled with the same sentiment - dilemma.

What next: US Federal Reserve on the cusp of policy change

"Brands to me have to be inspired by human relationships. Any brand relationship between a product or a corporate and a customer or a consumer is like a human relationship. So if we get inspired by human relationships to help and use that to help build brand relationships, " says Deepak Gulati, Chief Marketing & Innovation Officer, Bridgestone to Jasper Reid.

Bridgestone Chief Marketing & Innovation Officer, Deepak Gulati speaks to WION

"We really look forward in terms of having our customers together and how we can take them forward along with us. Inspired trust again, it has to be trust and transparency, " says Sarthak Seth, CMO, Tata realty and infrastructure Limited to Jasper Reid.

Tata realty and infrastructure Limited CMO, Sarthak Seth speaks to WION

Alibaba Group Holding Ltd. founder Jack Ma has decided to delay plans to reduce his stake in the Chinese e-commerce giant after it faced its most significant selloff in over a year. The move follows a series of events, including the cancellation of the spin-off of Alibaba's $11 billion cloud business and a subsequent $22 billion drop in market value in a single day.

Background

Jack Ma initially disclosed plans to sell 10 million Alibaba shares, amounting to approximately $870 million, on November 21. This revelation coincided with the company's decision to abandon the cloud business spin-off, amid&nbsp;heightened market volatility due to&nbsp;escalating U.S-China technological rivalry .

According to an internal memo from Alibaba's Chief People Officer Jane Jiang Fang, cited by Bloomberg, Jack Ma has not sold any shares as the stock price has not met the billionaire's desired level. The memo emphasised Ma's belief that the current stock price significantly undervalues the company.

The disclosure of Ma's plan to sell shares, coupled with the cancellation of the cloud business spin-off, resulted in a significant market downturn. This comes at a time when Alibaba is undergoing a major restructuring, initially intending to split into six separate units, each with its own CEO and board of directors.

Strategic challenges

Alibaba's strategic challenges are compounded by the industry-wide crackdown in China and increased competition from emerging players like ByteDance Ltd.'s Douyin. The company's decision to reassess not only its cloud business but also the listing of its grocery chain, Freshippo, reflects the need to adapt to evolving market conditions.

Jane Jiang explained that Jack Ma's family office sought funds for investments in agricultural enterprises and charitable endeavours in China and beyond. The sale arrangements were made earlier this year with a broker, unaware that the disclosure would coincide with the company's financial results.

Bottomline

Alibaba's recent challenges and Jack Ma's decision to postpone the share sale underscore the uncertainties in the Chinese e-commerce giant's trajectory. As the company navigates regulatory hurdles and global market dynamics, Jack Ma's confidence in Alibaba's long-term prospects remains a focal point amid the evolving landscape of the tech industry.

Alibaba Group Holding Ltd. founder Jack Ma has decided to delay plans to reduce his stake in the Chinese e-commerce giant after it faced its most significant selloff in over a year.

Alibaba Group Holding Ltd. founder Jack Ma has decided to delay plans to reduce his stake in the Chinese e-commerce giant after it faced its most significant selloff in over a year. The move follows a series of events, including the cancellation of the spin-off of Alibaba's $11 billion cloud business and a subsequent $22 billion drop in market value in a single day. Background Jack Ma initially disclosed plans to sell 10 million Alibaba shares, amounting to approximately $870 million, on November 21. This revelation coincided with the company's decision to abandon the cloud business spin-off, amid heightened market volatility due to escalating U.S-China technological rivalry . According to an internal memo from Alibaba's Chief People Officer Jane Jiang Fang, cited by Bloomberg, Jack Ma has not sold any shares as the stock price has not met the billionaire's desired level. The memo emphasised Ma's belief that the current stock price significantly undervalues the company. The disclosure of Ma's plan to sell shares, coupled with the cancellation of the cloud business spin-off, resulted in a significant market downturn. This comes at a time when Alibaba is undergoing a major restructuring, initially intending to split into six separate units, each with its own CEO and board of directors. Strategic challenges Alibaba's strategic challenges are compounded by the industry-wide crackdown in China and increased competition from emerging players like ByteDance Ltd.'s Douyin. The company's decision to reassess not only its cloud business but also the listing of its grocery chain, Freshippo, reflects the need to adapt to evolving market conditions. Jane Jiang explained that Jack Ma's family office sought funds for investments in agricultural enterprises and charitable endeavours in China and beyond. The sale arrangements were made earlier this year with a broker, unaware that the disclosure would coincide with the company's financial results. Bottomline Alibaba's recent challenges and Jack Ma's decision to postpone the share sale underscore the uncertainties in the Chinese e-commerce giant's trajectory. As the company navigates regulatory hurdles and global market dynamics, Jack Ma's confidence in Alibaba's long-term prospects remains a focal point amid the evolving landscape of the tech industry.

Alibaba's selloff saga: Jack Ma hits pause on share sale amid $22 billion selloff

"Companies really engage with you, they want to work with Partners whom they can really trust right? Whom they can really rely on and I think that's the relationship that we want to build up," says Suryadeep Verma, Senior VP & CMO, Comviva to Jasper Reid.

Comviva's Senior VP & CMO, Suryadeep Verma speaks to WION

"Good to be specific about transparency trust is actually a very very very large topic and I think transparency is just one of the pillars that tries to build in trust for any organization, " says Virat Khullar, AVP & Vertical Head of Marketing, HMIL to Jasper Reid.

HMIL's AVP & Vertical Head of Marketing, Virat Khullar speaks to WION

'For a new and emerging brand, what's really different versus a legacy brand is that you are building trust and not necessarily inheriting it,' says Anuja Mishra, Chief Marketing Officer of Honasa Consumer to Jasper Reid.

Honasa Consumer Chief Marketing Officer, Anuja Mishra speaks to WION

Elon Musk-owned social media company X could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns, the New York Times reported on Friday.

Musk backing an antisemitic post on the platform last week has led several companies including Walt Disney and Warner Bros Discovery to pause their advertisements on the site formerly called Twitter.

X has struck back and sued media watchdog group Media Matters, alleging the organization defamed the platform with a report that said ads for major brands including Apple and Oracle had appeared next to posts touting Adolf Hitler and the Nazi party.

Internal documents viewed by The New York Times this week list more than 200 ad units of companies from the likes of Airbnb, Amazon, Coca-Cola and Microsoft, many of which have halted or are considering pausing their ads on the social network, the report said.

X said on Friday that $11 million in revenue was at risk and the exact figure fluctuated as some advertisers returned to the platform and others increased spending, according to the report.

The company did not immediately respond to a Reuters request for comment.

Advertisers have fled X since Musk bought it in October 2022 and reduced content moderation, resulting in a sharp rise in hate speech on the site, according to civil rights groups.

The platform's U.S. ad revenue has declined at least 55% year-over-year each month since Musk's takeover, Reuters previously reported.

Elon Musk-owned social media company X could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns, the New York Times reported on Friday.

Elon Musk-owned social media company X could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns, the New York Times reported on Friday. Musk backing an antisemitic post on the platform last week has led several companies including Walt Disney and Warner Bros Discovery to pause their advertisements on the site formerly called Twitter. X has struck back and sued media watchdog group Media Matters, alleging the organization defamed the platform with a report that said ads for major brands including Apple and Oracle had appeared next to posts touting Adolf Hitler and the Nazi party. Internal documents viewed by The New York Times this week list more than 200 ad units of companies from the likes of Airbnb, Amazon, Coca-Cola and Microsoft, many of which have halted or are considering pausing their ads on the social network, the report said. X said on Friday that $11 million in revenue was at risk and the exact figure fluctuated as some advertisers returned to the platform and others increased spending, according to the report. The company did not immediately respond to a Reuters request for comment. Advertisers have fled X since Musk bought it in October 2022 and reduced content moderation, resulting in a sharp rise in hate speech on the site, according to civil rights groups. The platform's U.S. ad revenue has declined at least 55% year-over-year each month since Musk's takeover, Reuters previously reported.

Elon Musk's X may lose up to $75 million by year-end on advertiser exodus

On December 10, Argentina will have a new president. Javier Milei, a maverick Libertarian pitching himself as an outsider, has promised to reimagine the Argentine economy.&nbsp;

The rise of Milei, who has promised extensive privatisation of state-run firms, adoption of the US dollar and the abolition of the central bank, cannot be seen in isolation.&nbsp;

Argentina is worthy of being a case study in economic history. The country's economy has seen the highs and lows that few have experienced since the Industrial revolution.&nbsp;

Argentina was once among the 10 wealthiest countries before the advent of World War I, thanks to six decades of unprecedented economic growth. In fact, some estimates suggest that Argentina was at par with the United States.&nbsp;

However, long periods of political instability — the country had over 30 heads of state and six military coups between 1930 and 1983 — became the speed-breaker of Argentina's road to economic success. &nbsp;

The five decades following World War I and the Great Depression can be called the lost decades of Argentina. In The Economist's words, the South American country is&nbsp;the only country in modern history to have "achieved development and then lost it again".&nbsp;

'Argentina Paradox' is now a well studied phenomena in political economy, where an advanced country transitions into a developing country while mimicking a West-like polity.&nbsp;

Critics keep blaming 'Peronism' for much for Argentina's problems in the last eight decades. The term, derived from the political ideas of Juan Peron, who ruled Argentina between 1946 and 1955, encompasses Left-wing populism with a strong tinge of social welfare and economic independence.&nbsp;

Peronists have had a near monopoly over power,&nbsp;winning 10 of the 14 elections held since 1946. Even when&nbsp;out of power, they have exerted their influence with varied success.&nbsp;

Peronists have been credited for bringing the working class into the economic mainstream, improving their working conditions, and ensuring minimum wages. However, they have been blamed for the poor management of peso, elevated debt levels, and protectionist trade policies which put Argentinian goods at a disadvantage on the global stage.&nbsp;

The critics are not wrong. Their populist policies, aided by weakening checks on power, have hindered&nbsp;economic growth and fueled&nbsp;sky-high inflation. In fact, inflation has now become a hallmark of Argentina's economic mismanagement.&nbsp;

When inflation breaches the roof, it accompanies deep recession. According to the World Bank, Argentina has spent more time in recession than in periods of growth. No other country comes even close to Argentina in experiencing recession.&nbsp;

But it would be wrong to pin the blame of economic mismanagement solely on the Peronists. The economy had performed badly even during the long stints of the military and non-Peronist parties.&nbsp;

In fact, Fernando de la Ruanon, a non-Peronist, was elected President in 1999 — amid an economic depression. But he had to quit in December 2001 after failing to curb the economic downturn. Thus, it won't be wrong to say that Argentina's economic crises are deeply systemic, which cannot be resolved via "quick fixes".&nbsp;

Given Argentina's perennial economic struggles, which can&nbsp;turn the most optimistic economists into pessimists, Milei's victory would not surprise those who closely track&nbsp;the country.&nbsp;

People are looking for an alternative to the dominant Peronist way of handling the economy. Milei promises to offer unconventional solutions to Argentina myriad problems. But there is a catch - many of his predecessors tried to break the mould but either failed or became indistinguishable from the Peronists.&nbsp;

On December 10, Argentina will have a new president. Javier Milei, a maverick Libertarian pitching himself as an outsider, has promised to reimagine the Argentine economy.

On December 10, Argentina will have a new president. Javier Milei, a maverick Libertarian pitching himself as an outsider, has promised to reimagine the Argentine economy. The rise of Milei, who has promised extensive privatisation of state-run firms, adoption of the US dollar and the abolition of the central bank, cannot be seen in isolation. Argentina is worthy of being a case study in economic history. The country's economy has seen the highs and lows that few have experienced since the Industrial revolution. Argentina was once among the 10 wealthiest countries before the advent of World War I, thanks to six decades of unprecedented economic growth. In fact, some estimates suggest that Argentina was at par with the United States. However, long periods of political instability — the country had over 30 heads of state and six military coups between 1930 and 1983 — became the speed-breaker of Argentina's road to economic success. The five decades following World War I and the Great Depression can be called the lost decades of Argentina. In The Economist's words, the South American country is the only country in modern history to have "achieved development and then lost it again". 'Argentina Paradox' is now a well studied phenomena in political economy, where an advanced country transitions into a developing country while mimicking a West-like polity. Critics keep blaming 'Peronism' for much for Argentina's problems in the last eight decades. The term, derived from the political ideas of Juan Peron, who ruled Argentina between 1946 and 1955, encompasses Left-wing populism with a strong tinge of social welfare and economic independence. Peronists have had a near monopoly over power, winning 10 of the 14 elections held since 1946. Even when out of power, they have exerted their influence with varied success. Peronists have been credited for bringing the working class into the economic mainstream, improving their working conditions, and ensuring minimum wages. However, they have been blamed for the poor management of peso, elevated debt levels, and protectionist trade policies which put Argentinian goods at a disadvantage on the global stage. The critics are not wrong. Their populist policies, aided by weakening checks on power, have hindered economic growth and fueled sky-high inflation. In fact, inflation has now become a hallmark of Argentina's economic mismanagement. When inflation breaches the roof, it accompanies deep recession. According to the World Bank, Argentina has spent more time in recession than in periods of growth. No other country comes even close to Argentina in experiencing recession. But it would be wrong to pin the blame of economic mismanagement solely on the Peronists. The economy had performed badly even during the long stints of the military and non-Peronist parties. In fact, Fernando de la Ruanon, a non-Peronist, was elected President in 1999 — amid an economic depression. But he had to quit in December 2001 after failing to curb the economic downturn. Thus, it won't be wrong to say that Argentina's economic crises are deeply systemic, which cannot be resolved via "quick fixes". Given Argentina's perennial economic struggles, which can turn the most optimistic economists into pessimists, Milei's victory would not surprise those who closely track the country. People are looking for an alternative to the dominant Peronist way of handling the economy. Milei promises to offer unconventional solutions to Argentina myriad problems. But there is a catch - many of his predecessors tried to break the mould but either failed or became indistinguishable from the Peronists.

Flashback Friday: The rise of Javier Milei should not be seen in isolation. Here's why

Indian media reports that leading EV maker Tesla is ready to invest up to $2 billion to set up a factory in India. But there's a small catch -- the factory is likely to come up only if the government cuts import duty on its vehicles to 15% for the first two years of operations.

Report: EV maker ready to invest up to $2 bn to set up a factory

Stock market of South Korea is very sensitive to the news of K-pop groups disbanding. This is because K-pop groups are a major source of revenue for entertainment companies. When a group disbands, it can have a significant impact on the company's stock price. We tell you more in this story.

South Korean market sensitive to news emerging from K-pop world

Amazon was hit by worker strikes at multiple locations in several European countries on Friday (Nov&nbsp;24) on the occasion of&nbsp;Black Friday, when retailers expect boost in sales as they slash prices. The 'Make Amazon Pay' campaign was co-ordinated by the UNI Global Union which said that the strikes would take place in more than 30 countries and go on from Black Friday to Monday.

Black Friday, the day after the holiday of thanksgiving in the US, was originally synonymous with lines outside big stores. But now the shopping frenzy has increasingly moved online.

About 2,000 workers in Germany, which was Amazon's second-biggest market by sales last year, went on strike that affected six Amazon fulfillment centres.

German trade union Verdi said that 500 workers were on strike at a warehouse in Rheinberg which accounted for 40 per cent of the workforce there. In Leipzig, around 250 workers went on strike. This amounted to about 20 per cent of the workforce there.

Amazon maintained that the strikes would not hurt functions.

Amazon spokesperson in Germany maintained that small number of workers were on strike and that Black Friday deliveries would be reliable and timely.&nbsp;

More than 200 workers in Amazon warehouse in Coventry, England struck work over pay dispute.

Reuters quoted a worker at the warehouse who said he was on strike for higher pay and better working conditions. The workers demanded a pay rise to 15 pounds and hour.

An Amazon spokesperson in UK said that minimum starting pay was between 11.80 pounds and 13 pounds an hour and varied by location.

The spokesperson, as quoted by Reuters, said that the pay would rise to 12:30 to 13 pounds per hour from April 2024. Amazon sought to maintain that there would not be impact on operations.

Strikes hit Italy, France and Spain as well.

In Italy, at least 60 per cent workers at a warehouse in Castel San Giovanni were striking. 
 
But&nbsp;Amazon&nbsp;said that more than 86 per cent of its workers had reported for work.

In Spain, the workers' union has appealed them to strike for an hour on each shift on "cyber Monday" next week.

(With inputs from agencies)

Amazon was hit by worker strikes at multiple locations in several European countries on Friday (Nov 24) on the occasion of Black Friday, when retailers expect boost in sales as they slash prices.

Amazon was hit by worker strikes at multiple locations in several European countries on Friday (Nov 24) on the occasion of Black Friday, when retailers expect boost in sales as they slash prices. The 'Make Amazon Pay' campaign was co-ordinated by the UNI Global Union which said that the strikes would take place in more than 30 countries and go on from Black Friday to Monday. Black Friday, the day after the holiday of thanksgiving in the US, was originally synonymous with lines outside big stores. But now the shopping frenzy has increasingly moved online. About 2,000 workers in Germany, which was Amazon's second-biggest market by sales last year, went on strike that affected six Amazon fulfillment centres. German trade union Verdi said that 500 workers were on strike at a warehouse in Rheinberg which accounted for 40 per cent of the workforce there. In Leipzig, around 250 workers went on strike. This amounted to about 20 per cent of the workforce there. Amazon maintained that the strikes would not hurt functions. Amazon spokesperson in Germany maintained that small number of workers were on strike and that Black Friday deliveries would be reliable and timely. More than 200 workers in Amazon warehouse in Coventry, England struck work over pay dispute. Reuters quoted a worker at the warehouse who said he was on strike for higher pay and better working conditions. The workers demanded a pay rise to 15 pounds and hour. An Amazon spokesperson in UK said that minimum starting pay was between 11.80 pounds and 13 pounds an hour and varied by location. The spokesperson, as quoted by Reuters, said that the pay would rise to 12:30 to 13 pounds per hour from April 2024. Amazon sought to maintain that there would not be impact on operations. Strikes hit Italy, France and Spain as well. In Italy, at least 60 per cent workers at a warehouse in Castel San Giovanni were striking. But Amazon said that more than 86 per cent of its workers had reported for work. In Spain, the workers' union has appealed them to strike for an hour on each shift on "cyber Monday" next week. (With inputs from agencies)

Strikes, protests hit Amazon in Europe just around the shopping season

Parul Goel, the Territory Head of ZEE Europe, has been awarded the Media Personality of the Year at the Asian Business Awards 2023. Goel, who has been instrumental in expanding ZEE Entertainment's presence across the United Kingdom, received the award in the presence of United Kingdom Deputy PM Oliver Dowden, London Mayor Sadiq Khan, and top representatives of the business world.

"I am grateful and filled with gratitude and would like to thank Kalpesh Solanki and Shailesh Solanki (of the Asian Media Group), for this prestigious award. The journey has never been easy, and it continues to present its challenges. With the unwavering support of my family and my wife, I strive to do my best and learn each day," said Goel.

A brainchild of the Solanki family, the Asian Business Awards celebrates and recognises the outstanding achievements of entrepreneurs and businesses within the Asian community. &nbsp;

Under Goel stewardship, ZEE Entertainment achieved a significant milestone in 2023: the company launched four captivating channels via Freeview, the United Kingdom's sole digital terrestrial television platform. This expansion, featuring Zee Zest, Zing, Zee World, and Zee Punjabi, aimed to provide a diverse range of content accessible through Freeview's extensive platform.

This strategic move aligns with Goel's commitment to catering to the multicultural fabric of the United Kingdom, offering a wide array of content spanning lifestyle, entertainment, drama, and regional programming.

But Goel's entrepreneurial vision goes much beyond the UK. In September this year, Zee Entertainment re-launched Zee One, a Bollywood-centric channel uniquely tailored for German viewers through a groundbreaking partnership with Samsung TV Plus.

Parul Goel, the Territory Head of ZEE Europe, has been awarded the Media Personality of the Year at the Asian Business Awards 2023. Goel, who has been instrumental in expanding ZEE Entertainment's presence across the United Kingdom, received the award in the presence of United Kingdom Deputy PM Oliver Dowden, London Mayor Sadiq Khan, and top representatives of the business world.

Parul Goel, the Territory Head of ZEE Europe, has been awarded the Media Personality of the Year at the Asian Business Awards 2023. Goel, who has been instrumental in expanding ZEE Entertainment's presence across the United Kingdom, received the award in the presence of United Kingdom Deputy PM Oliver Dowden, London Mayor Sadiq Khan, and top representatives of the business world. "I am grateful and filled with gratitude and would like to thank Kalpesh Solanki and Shailesh Solanki (of the Asian Media Group), for this prestigious award. The journey has never been easy, and it continues to present its challenges. With the unwavering support of my family and my wife, I strive to do my best and learn each day," said Goel. A brainchild of the Solanki family, the Asian Business Awards celebrates and recognises the outstanding achievements of entrepreneurs and businesses within the Asian community. Under Goel stewardship, ZEE Entertainment achieved a significant milestone in 2023: the company launched four captivating channels via Freeview, the United Kingdom's sole digital terrestrial television platform. This expansion, featuring Zee Zest, Zing, Zee World, and Zee Punjabi, aimed to provide a diverse range of content accessible through Freeview's extensive platform. This strategic move aligns with Goel's commitment to catering to the multicultural fabric of the United Kingdom, offering a wide array of content spanning lifestyle, entertainment, drama, and regional programming. But Goel's entrepreneurial vision goes much beyond the UK. In September this year, Zee Entertainment re-launched Zee One, a Bollywood-centric channel uniquely tailored for German viewers through a groundbreaking partnership with Samsung TV Plus.

Zee Europe's Parul Goel awarded Media Personality of the Year at Asian Business Awards 2023

Bad news continues to emerge from China's struggling economy. In what could be signs of the property sector crisis spiralling into a larger catastrophe for the economy, leading wealth manager Zhongzhi group declared itself heavily insolvent.

Leading wealth manager Zhongzhi group declares insolvency

Did a big breakthrough in AI technology trigger Sam Altman's ouster as OpenAI CEO last week? that's what an explosive Reuters report suggests. The report claims that days before Altman's exit last week, several staff researchers sent the board of directors a letter warning of a powerful artificial intelligence discovery that could threaten humanity.

OpenAI saga takes significant turn: Sam Altman cements his position as CEO | World Business Watch

In the Euro zone, the economy is flirting with recession. While economic activity marginally improved in November, consumers are cutting down on spending. this could eventually lead to the economy contracting in the coming weeks.

Economy on track to contract in October-December quarter | World Business Watch

India's Union Commerce Minister Piyush Goyal stated that the Nordic-Baltic region is emerging as a new potential market for Indian products, with exports to the region increasing by over 39% between 2018–19 and 2022–2023 and inviting companies from the region to establish production units and invest in India.

India's Commerce Minister Piyush Goyal invites Nordic-Baltic investments