The Sweden-based automaker Volvo Car Group's sales have fallen 28.3% in Mar as supply chain problems and lockdowns hampered production.

Volvo Cars reports 28% drop in May, lockdown & supply chains blamed for fall

The Indian auto industry has managed to make a recovery in May of this year. It has registered healthy growth in terms of vehicle sales as compared to same period last year. WION's Business Editor Sumit Chaturvedi speaks to Shashank Srivastava, Senior ED, Maruti Suzuki.

Indian auto industry manage to make a recovery in May 2022

New York has become the latest state to suspend its gas tax in an effort to give drivers some relief at the pump. The suspension of the 16-cents-per-gallon tax runs from June 1 through the end of the year.

New York suspends gas tax by 16 cents a gallon for rest of 2022

The OPEC and its allies has agreed to significant oil output increases in July amid calls for the alliance to help contain the surging oil prices.

OPEC+ to boost oil output in July, decision to ease surging prices

US authorities are ready to implement a ban on imports from China's Xinjiang region when a law requiring it becomes enforceable later in June.

US ready to implement ban on Xinjiang goods on June 21

Elon Musk, the Tesla chief executive has asked employees to return to office or leave the company, according to a memo sent to staff that has been circulating on social media.

Tesla joins list of companies mandating offline work

According to provisional data released by the National Statistical Office (NSO), the Indian economy grew at 8.7% in 2021-22 with 4.1% growth in the fourth quarter of the financial year, which is better than private forecasts.

India's GDP growth better than expected

Inflation in the 19 countries of the eurozone soared to 8.1% in May from 7.4% in April. Rising prices have been exacerbated over recent months by the war in Ukraine, particularly food and energy costs.

Eurozone inflation hits record 8.1% amid rising food and energy costs

China's army of metal processors and traders has flipped from buyers to sellers. This amid a sharp downshift in economic activity in the world's top manufacturer, which is also heralded a potential warning sign for steel, aluminium and other key industrial commodities.

China's metals traders offload stockpiles as bleak demand outlook bites

India has reached a landmark figure of 100 unicorns with a valuation of more than $300 billion. WION's Business Editor Sumit Chaturvedi spoke to some of the global and Indian startups to know how things have changed and how they are handling current challenges of slowing world economy and high inflation.

India has 100 startups in Unicorn club valued at $333 billion

Starbucks will cease operations in Russia, shuttering its 130 cafes in the country. Starbucks said it will continue to pay its nearly 2,000 Russian employees for six months and help them transition to new jobs.

Starbucks leaving Russian market after 15 years, will close 130 stores

The Hyundai Motor Group said on Sunday it would invest another $5 billion in the United States by 2025 to strengthen cooperation with US companies in advanced technology.

Hyundai Motor Group to invest more than $10 billion in US by 2025

In the signs of increasing volatility in stock markets, Asian markets have recovered temporarily today after a day of intense losses. India's BSE Sensex opened with gains of 600 points and it is trading with gains.

Asian stocks in green after a day of intense losses

Marking a week end to first quarter of a year, when risk of recession is looming, Britain's economy unexpectedly shrank in March, it is also coming at a time when there is an increasing pressure on government to offer more support to inflation-hit households.

Recession risk mounts for UK economy

Another recovery post COVID-19 pandemic is slow for some sectors while it is quick for other ones. At the same time one such sector is cinematography, document management. It's a tech world thing now the leading player here is Canon and today to give us a sense of how quick the recovery has been and what are the future plans of the company, we are joined by Manabu Yamazaki, President and CEO of Canon India.

Canon overcame covid situation fast, looking at double digit growth in 2022, says Canon CEO

Meanwhile, another celebrity James Cromwell is protesting against the recent Starbucks price hike on plant-based milk. the 82-year-old Oscar nominee James was seen gluing his hand to the counter of Manhattan Starbucks.

US: Actor James Cromwell glues hand to Starbucks counter in protest

Indian actress Deepika Padukone has been signed as the ambassador for luxury fashion brand Louis Vuitton. This was unveiled as part of a new handbag campaign that sees her joining Oscar-winning actress Emma Stone and Chinese actor Zhou Dongyu in a series of promotional shots.

Indian actress Deepika Padukone becomes Louis Vuitton's first Indian ambassador

US stocks ended sharply lower yesterday, with the Nasdaq dropping more than three percent and the Dow falling for a fifth straight day after U.S. inflation data did little to ease investor worries over the outlook for interest rates and the economy of the largest country in the world.

Nasdaq falls more than 3% as US inflation gives small relief to investors

Zimbabwe's government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of measures to arrest its rapid devaluation on the black market.

Zimbabwe suspends bank lending in bid to arrest currency decline

The Federation of Indian Chambers of Commerce and Industry's (FICCI) latest Business Confidence Survey reported improvement in confidence levels of Indian companies. The Overall Business Confidence Index was recorded at 67.6 in the current round, compared to the previous 63.9.

FICCI survey shows rise in India INC's confidence

The US economy unexpectedly contracted in the first quarter amid a resurgence in COVID-19 cases and drop in pandemic relief money from the government, but the decline in output is misleading as domestic demand remained strong.

US economy shrinks in first quarter of 2022

Apple has forecast bigger problems as COVID-19 lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the iPhone maker sees as its engine for expansion.

Apple sees bigger supply problems after strong start to the year

Russia energy giant Gazprom said in a statement that its net profit hit 2.09 trillion roubles ($29 billion) in 2021, up from 135 billion roubles in the pandemic-stricken 2020 financial year.

Russia energy giant Gazprom lands record high profit of $29 billion in 2021

The Cuban central bank has issued regulations for virtual asset service providers after giving a nod last year to personal use of cryptocurrencies. It's a move some experts said could help Communist-run Caribbean island skirt stiff US sanctions.

Cuba approves cryptocurrency services

A spike in commodity costs and slowdown in China has created significant uncertainty around the world and as a result Asian region are facing a 'stagflationary' risks. While Asia's trade and financial exposures to Russia and Ukraine are limited, the warning released by senior partners said region's economies will be affected by the crisis through higher commodity prices.

IMF warns of 'stagflationary' risks in Asia

Tesla CEO Elon Musk wooed many of the social media company shareholders with financing details on his 43 billion dollar acquisition offer for Twitter. According to reports, Twitter has kicked off deal negotiations with Elon Musk.

Twitter begin deal talks with Elon Musk

Oil prices slumped to near two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential US rate hikes would hurt global economic growth and fuel demand.

Oil prices extend losses as Shanghai lockdowns hit demand outlook

Fashion brand GAP has slashed its forecast for quarterly sales blaming execution challenges at its Old Navy brand and "macro-economic dynamics", sending shares of the retailer down 12% in extended trading.

Gap cuts quarterly sales forecast

German car parts supplier Continental has temporarily resumed tyre production for passenger cars at its Russian plant in Kaluga, it said on Tuesday, to protect local workers who could otherwise face criminal charges.

Germany's Continental restarts Russian plant

The International Monetary Fund (IMF) on Tuesday slashed India's gross domestic product (GDP) forecast by 80 percentage points to 8.2 per cent for financial year 2022-23.

IMF slashes India's GDP forecast to 8.2% in 2022-23

It has been two years since the Covid pandemic began in the March of 2020. There have been a number of changes since then in the world of human resources and hiring. The workers have worked into remote and hybrid forms of working and the recent professional changes including great resignation working from home and remote recruitment and onboarding have steered a dramatic shift in the work and management approach.

Impact of automation on jobs: Use of AI-based technology in hiring talent

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