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The coronavirus effect now extends to 28,000 furloughed employees of Disney as they are permanently laid off.

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The layoffs will be done in a phased manner in the coming two years and will include about 1,500 people agreeing to retire voluntarily.

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The move follows Japan’s new prime minister Yoshihide Suga’s efforts to reinvigorate the economy by  lowering mobile fees.

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Multi level marketing models are intrinsically flawed as they benefit only the people at the top of the pyramid, but the aggressive marketing lures many and now Herbalife is facing a class action suit for the same tactics.

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Remington, the gun making company has been portioned off to 7 bidders after it filed for a second bankruptcy in July this year. It brings to an end a long and chequered innings marred by lawsuits recently.

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Expensive Land Rovers and Tesla cars declared the most unreliable vehicles

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The pandemic-forced work-from-home mode has left many high net worth executives looking for ways to relax to meet the stress of blurring of leisure and work life.

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Xpeng Heitech is developing electric and vertical takeoff air taxis with a focus on lower altitudes of 5 to 25 metres.

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The showcase EV concept car used sustainable material and a new design to decrease its carbon footprint and the factory will follow the design as closely as possible.

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Low bike sales is the reason Harley Davidson is moving out of India, though it is looking for a partnership in the future.

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The virtual event by Tesla CEO  Musk was almost a damp squib with nothing exciting except promises of cheaper Teslas and higher battery storage in the future, leading to a tumble in share prices

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The stock purchases represent only about 1% of the combined market value of the two firms. The investment in these companies is more a show of confidence by the controlling company, say experts. Li Ka-Shing is known as the superman investor who has the knack to pick up cheap stocks in flailing companies and turn around fortunes.

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Automotive industry leaders are suing the government over the import taxes it has imposed on Chinese parts that are used in autos. The major …

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Trian feels Comcast stock is undervalued and needs to be restructured for better performance.

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Banks and financial institutions are moving out of London as no trade deals seems to be on the horizon for Britain after exiting the EU

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European aerospace giant Airbus recently revealed details of three hydrogen-fueled concept planes. These planes would start their service by the year 2035.

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Gove. Newsom has ordered the board to require all medium- and heavy-duty trucks to be 100% zero-emission vehicles by 2045 “where feasible.

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GE is gathering its resources in the new world and exiting its coal market to focus on the renewable power business

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Experts predict cobalt supply is adequate for another 5 years to meet the rising demand for efficient capacity metals.

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The world’s richest countries were responsible for depleting one-third of the globe’s carbon budget between 1960 and 2015.

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Microsoft to close the Bethesda acquisition in the second half of fiscal year 2021. The addition would help Microsoft grow from 15 to 23 creative studio teams.

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