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Deliveroo: UK-based food delivery firm quits Australia
UK-based food delivery app Deliveroo says it is quitting Australia, citing tough economic conditions.
The company's Australian operation, which launched in 2015, is being placed into voluntary administration.…
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Amazon plans to lay off 10,000 people starting this week
Amazon plans to lay off approximately 10,000 people in corporate and technology jobs starting as soon as this week, people with knowledge of the matter said, in what would be the largest job cuts in the company’s history.
The cuts will…
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Cost of living: Japan economy unexpectedly shrinks after yen slide
Japan's economy has unexpectedly shrunk for the first time in a year as the rising cost of living hit consumer spending growth.
Gross domestic product (GDP) fell by an annualized 1.2% in the three months to the end of…
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Jeff Bezos plans to give most of his fortune to charity
Jeff Bezos, the founder of Amazon.com. and the fourth-richest person in the world, said he plans to give away the bulk of his fortune during his lifetime.
Bezos will devote the money to fighting climate change and supporting people who…
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Big investors are giving up on crypto markets going mainstream
Institutional investors were already souring on cryptocurrencies even before this week. The sudden downfall of Sam Bankman-Fried’s FTX.com may have permanently damaged their prospects of being included in mainstream portfolios.
While…
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Burger chain Byron to be flipped to new owner two years after going bust
Byron, one of the UK's best-known burger restaurant chains, is to be flipped to a new owner two-and-a-half years after a brush with insolvency.
Sources said that the owners of Byron, which now trades from just over 20 restaurants, had…
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Musk warns of Twitter bankruptcy as more senior executives quit
Twitter’s new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a US regulator and departures of senior executives viewed as future leaders.…
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Amazon: Robots spread but ‘we still need humans’
Amazon is ramping up the use of robots as sales growth slows and it faces pressure to cut costs.
Already about three quarters of the packages delivered by the e-commerce giant have been touched by some kind of robotic system.…
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Apple limits iPhone file-sharing tool used for protests in China
Apple has limited the AirDrop wireless file-sharing feature on iPhones in China after the mechanism was used by protesters to spread images to other iPhone owners.
AirDrop allows the quick exchange of files like images, documents or…
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Twitter to introduce ‘Official’ label for some verified accounts
Billionaire Elon Musk’s social media platform Twitter will introduce an “Official” label for select verified accounts including major media outlets and governments when it launches its new US$8 (S$11.20) premium subscription product, its…
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