The Pigeon Express
Saudi oil giant Aramco has broken its own record with a $48.4 billion profit for the second quarter of 2022. It is a 90% year-on-year increase and marks the biggest earnings for the world’s largest energy exporter since its public listing three years ago. Russia’s invasion of Ukraine has seen oil and gas prices skyrocket. […]
Tributes are pouring in for Indian billionaire Rakesh Jhunjhunwala, who has died at the age of 62. Jhunjhunwala, who made a fortune from the stock market, died on Sunday at a hospital in Mumbai city. The cause of death has not been officially confirmed yet, reports suggest that it was kidney failure. Often called India’s […]
Johnson & Johnson (J&J) will stop making and selling its talc-based baby powder around the world from next year. The announcement comes more than two years after the healthcare giant ended sales of the product in the US. J&J faces tens of thousands of lawsuits from women who allege its talcum powder contained asbestos and […]
Disney will launch a new ad-supported streaming service in the United States in December, as it overtakes Netflix in the race for paid subscribers. The firm reported 221.1 million subscribers across its three streaming platforms at the start of July. That put it just ahead of Netflix, which has been losing customers. But Disney warned […]
Domino’s Pizza’s last stores in Italy have been closed after the firm that operated its outlets in the country filed for bankruptcy, reports say. Franchise holder ePizza SpA was hit by the pandemic, according to reports. Domino’s had struggled to win over customers in the birthplace of pizza since launching there in 2015. EPizza SpA […]
Australian airline Qantas has asked senior executives to work as baggage handlers for three months as it tries to tackle an acute labour shortage. The firm’s head of operations is looking for at least 100 volunteers to work at Sydney and Melbourne airports. Tasks include loading and unloading bags as well as driving vehicles to […]
India’s largest auction for 5G airwaves has ended after seven days, potentially setting the stage for a battle of supremacy over India’s digital future between two of Asia’s richest men – Gautam Adani and Mukesh Ambani. A total of 72 gigahertz of spectrum was on the block in the auction. Ashwini Vaishnaw, India’s telecoms minister, […]
Elon Musk has filed claims against Twitter as he fights the tech firm’s lawsuit demanding he be held to his $44 billion purchase deal. Musk mounted a legal defence against Twitter’s claim that he is contractually bound to complete the deal he inked in April, the Chancery Court in the state of Delaware said in […]
Amazon Prime deliveries, shows and movies are going to become expensive starting mid-September in the UK and Europe. On Tuesday, Prime customers awoke to an email from Amazon telling them that their Prime membership will increase by up to 43% on September 15, depending on which country they live in. The company cited “increased inflation […]
Canada’s Shopify Inc is laying off 10% of its workforce, the e-commerce company said on Tuesday, as it struggles with sales growth due to a post-pandemic slowdown in online shopping. Shopify had hit the jackpot during the COVID-19 lockdowns as merchants turned to its platform to set up online stores. As a result, the company […]
The Google search engine will be banned in the eastern Ukrainian regions of Donetsk and Luhansk, currently under Russian occupation. Denis Pushilin, leader of the Russia-backed separatist state Donetsk People’s Republic, posted a message on Telegram accusing Google of “promot[ing] terrorism and violence against all Russians, and especially the population of Donbas,” according to The […]
China has fined ride-hailing giant Didi 8.026 billion yuan approximately US $1.2 billion for breaking its cyber security laws. On Thursday, the Cyberspace Administration of China (CAC) said that it had found “conclusive evidence” against the company. The regulator announced that it had started an investigation into Didi just days after the firm launched its […]