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Microsoft is down for users globally, as they are unable to access the platform or leverage any features on the app. The company hasn’t revealed the reason behind the outage yet.

Microsoft Teams down for thousands of users worldwide

In India despite chip shortage, automakers are on a launching spree; many global and renowned automakers are now unveiling their new cars and SUVs.

Global auto players unveil new models in India despite chip shortage

Oil prices edged down on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in US crude inventories as product demand weakens.

Oil falls on inflation concerns, anticipated stock builds

Google faces a London trial over an estimated $1.1 billion damages claim after a court authorised a lawsuit that alleges that the tech giant overcharged 19.5 million customers for app store purchases.

Google faces $1 billion UK trial over app store pricing

US Treasury Secretary Janet Yellen aims for deeper trade ties among allies to fortify their supply chains, combat inflation and thwart China's "unfair trade practices" and efforts to dominate key raw materials and technologies markets.

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Netflix has averted its own worst case scenario of subscriber losses. After losing nearly 1 billion paid subscribers and firing over 300 employees, Netflix has been trying hard to grow.

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The global chip shortage over the past two years is caused by the pandemic supply chaos combined with the booming demand. It has transformed from what had been a high volume low margin trade into one with the potential for wealth spinning deals now.

China: Ground zero for Auto chip shortage | Shortage caused by Pandemic supply chaos

The International Monetary Fund said its executive board approved a $235.6 million disbursement to Kenya on Monday as it approved a third review of the country’s Extended Credit Facility and Extended Fund Facility arrangements.

IMF approves $235.6 million disbursement to Kenya

Airlines in India are reporting multiple technical malfunction incidents over the last few weeks. Indian aviation regulator DGCA has conducted spot checks and found insufficient engineering staff certifying planes.

Technical snags: DGCA finds insufficient engineering staff certifying planes

Indian Finance Minister Nirmala Sitharaman told Parliament yesterday that Central Bank RBI is in favor of banning cryptocurrencies completely, the bank had registered concerns over adverse impact of cryptocurrency on the Indian economy.

Crypto poses risk to economy: Indian FM Nirmala Sitharaman

Oil prices ran out of steam after gaining more than $5 a barrel in the previous session with concerns that surging crude will feed into a demand-killing recession.

After gaining more than $5 a barrel, oil prices ease

The rupee on Tuesday dropped to the mark of 80 against the US dollar, taking its year-to-date fall to about 7 per cent. Our Business Editor Sumit Chaturvedi brings you more on this.

Rupee hits 80 mark vs Dollar for first time ever

Apple, the giant iPhone maker plans to slow hiring and spending next year in some divisions citing potential economic downturn as the reason.

Apple plans to slow down hiring: Reports

US auto giant General Motors CEO Mary Barra made an audacious prediction stating that by the middle of this decade her company would sell more EVs in US than Tesla.

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Inflation around the world is not cooling down, the latest data is from New Zealand where the inflation has touched three decade high beating forecasts.

New Zealand's inflation hits 3-decade high

United States will look for every opportunity to move ahead and enact a global Minimum Corporate Tax agreement, this despite opposition of a key democratic senator Joe Manchin to raise corporate tax rates.

Yellen: United States aims to move ahead on Minimum Corporate Tax

Starbucks is not in a formal sale process for its UK business, a company spokesperson said in a statement after sources reported that the coffee chain is exploring a sale of the UK operations.

Starbucks: Not in formal sales process in UK

Boeing has cut industry-wide forecast for airplanes over next 20 years, it expects deliveries to be stable excluding one specific market Russia, it is taken out of equation because of war in Ukraine.

Boeing cuts 20-year outlook for planes

<p>Amazon said on Friday (July 15) that it aims to create more than 4000 new jobs this year in Britain. The company said that under this plan the company would enter the list of nation's 10 biggest private sector employers. Amazon released a statement and said that this expansion will take its permanent workforce to 75,000.</p>

<p>The US e-commerce giant benefitted from booming online shopping during COVID lockdowns.</p>

<p>New jobs it plans to create will be spread across Britain. Two new fulfillment centres are set to open in Knowsley and Wakefield. Both of the cities are in northern England.</p>

<p>Among the new jobs, there will also be roles in corporate and technology functions in software development, product management and engineering</p>

<p>"We're continuing to invest in talent right across the UK, from apprentices in Swansea to data scientists in Edinburgh," said Amazon UK country manager John Boumphrey.</p>

<p>The announcement comes ahead of Amazon's second-quarter earnings, due later this month.</p>

<p>Meanwhile, Amazonm has offered a settlement against charges raised by the European Union that the online giant undermined sellers on its platform to boost its own retail business.</p>

<p>The offer by Amazon is a huge step by the US-based behemoth that has denied for years accusations by rivals and regulators that it unfairly uses the troves of data parked on its platform to benefit its own products and services.</p>

<p>You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form"><strong>here</strong></a>.</p>

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Amazon said on Friday (July 15) that it aims to create more than 4000 new jobs this year in Britain. The company said that under this plan the company would enter the list of nation's 10 biggest private sector employers.

Amazon said on Friday (July 15) that it aims to create more than 4000 new jobs this year in Britain. The company said that under this plan the company would enter the list of nation's 10 biggest private sector employers. Amazon released a statement and said that this expansion will take its permanent workforce to 75,000. The US e-commerce giant benefitted from booming online shopping during COVID lockdowns. New jobs it plans to create will be spread across Britain. Two new fulfillment centres are set to open in Knowsley and Wakefield. Both of the cities are in northern England. Among the new jobs, there will also be roles in corporate and technology functions in software development, product management and engineering "We're continuing to invest in talent right across the UK, from apprentices in Swansea to data scientists in Edinburgh," said Amazon UK country manager John Boumphrey. The announcement comes ahead of Amazon's second-quarter earnings, due later this month. Meanwhile, Amazonm has offered a settlement against charges raised by the European Union that the online giant undermined sellers on its platform to boost its own retail business. The offer by Amazon is a huge step by the US-based behemoth that has denied for years accusations by rivals and regulators that it unfairly uses the troves of data parked on its platform to benefit its own products and services. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Amazon aims to create 4000 new jobs in Britain this year

It's not just record inflation that is proving to be a headache for global economists, analysis are also afraid of stagflation. The S&P global market intelligence has issued a warning on the potential rise in corporate defaults if stack stagnation strikes.

World turns to Stagflation from Inflation?

There's a chip supply issue but cars are being launched every now and then, how are the situation going to pan out in the next few months? Listen in to this exclusive conversation with Shashank Srivastava, senior ED, Maruti Suzuki, India.

India Auto Sales: Factory maintenance shutdown impacted sales

Thousands of Instagram users on Thursday reported issues with the photo-sharing application, according to Downdetector.com.

Instagram down: Photo sharing app ‘not working’ for thousands

In a face-off with London's Heathrow airport, Gulf-based Emirates has rejected demands by Heathrow airport to cut capacity despite being threatened with a legal election.

Emirates slams Heathrow Airport’s order to cut flights

Country's wholesale price inflation WPI has come down for first time in four months, wholesale inflation has marginally declined to 15.18 % in June compared to 15.88% in May.

India's Wholesale Price Inflation for June stays above 1%

Bank of America has been fined $225 million by a pair of U.S. banking regulators over what they called a "botched" handling of unemployment benefits during the pandemic.

Bank of America fined $225 million for 'botched' handling of unemployment benefits

International Monetary Fund and Pakistan had reached an agreement to begin a loan programme that had been put on hold. This will inject $1.17 billion into the faltering economy.

Pakistan to receive $ 1.17 billion from IMF