BYJU must lay off 3,500 employees "Overemployed" During pandemic: Report

Redundancies in Byjus: This reduces the total number of employees at BYJU to 31,000-33,000. New Delhi: Edtech major BYJUs may lay off up to 3,500 staff during the current financial year as it looks to consolidate teams and increase regional focus, sources familiar with the development said. According to one of the sources, BYJU’s had … Read more

North Sea oil, wine and the Sunshine State

In today’s episode, Ian King discusses the development of Rosebank – the UK’s largest untapped oil and gas field. He also talks to the mayor of Jacksonville about investing in Florida. And Ian talks to the chief executive of Chapel Down, the UK’s biggest wine producer, about its profits. :: Listen and subscribe Ian King … Read more

Donald Trump and his company "repeatedly" violated the fraud law, says NY judge

Donald Trump and his company have “repeatedly” violated the state’s fraud statute, a New York judge ruled Tuesday. The order came in response to a request by New York Attorney General Letitia James seeking judgment on one of the allegations in her $250 million civil lawsuit, which is planned for go to trial on October … Read more

The FTC and 17 states file a sweeping antitrust lawsuit against Amazon

Federal Trade Commission and 17 state attorneys general on Tuesday submitted a long-awaited antitrust case against Amazon that claims the retail giant illegally exercises monopoly power to maintain higher prices, harm customers and weaken competition. “Our complaint outlines how Amazon has used a variety of punitive and enforcement tactics to illegally maintain its monopolies,” FTC … Read more

New Angel tax rules for valuation of investments in unlisted start-ups

The excess premium will be considered “income from sources” and taxed at a rate of up to over 30% New Delhi: The Income Tax Department has notified new angel tax rules that include a mechanism to evaluate the shares issued by unlisted startups to investors. While previously the angel tax – a tax on capital … Read more

Government shutdown could put the US credit rating at risk, warns Moody’s

America’s creditworthiness is one of its most prized fiscal assets, with global investors relying on the guarantee that the nation can service its debt. But now a leading credit agency is warning that a possible federal government shutdown this week could tarnish the country’s gold-plated rating. Time is running out for House Speaker Kevin McCarthy … Read more

Illness forces Gatwick to cut the number of flights

Gatwick Airport has temporarily limited flights for the rest of the week due to illness among air traffic control staff. In a statement, the airport said it would limit the number of flights to 800 a day from Monday, which will remain in place until Sunday, October 1. It said the limit would prevent last-minute … Read more

Tyson and Perdue face fed investigation into possible child labor violations

Tyson Foods and Perdue Farms are facing federal investigations into whether migrant children are among the cleaning slaughterhouses owned by two of the nation’s largest poultry producers. The Department of Labor launched its investigations following a published report detailing migrant children working overnight for contractors at the companies’ facilities on Virginia’s Eastern Shore. A New … Read more

High attendance at the 12th Global Investment Immigration Summit in Mumbai

Mumbai: The 12th Global Investment Immigration Summit held at the Sofitel, BKC Mumbai witnessed a remarkable increase in the number of participants, signaling a growing interest among Indians to pursue opportunities abroad. Organized by BLS Global, with Acquest Advisors as Knowledge Partner and NDTV as Media Partner, the summit represented a global amalgamation of ideas … Read more

Aldi sees record sales amid cost of living crisis

Aldi has reported record sales and the company says concerns about the cost of living had driven up customer numbers. Annual sales topped DKK 15.5 billion. pounds in the year to December 2022, almost an increase of 2 billion. pound from a year earlier and a record in its 33-year history in the UK. The … Read more

Inside Consumer Reports

There are any number of websites filled with product reviews and recommendations, but really, which ones can you trust? If experience is a test of credibility, Consumer Reports, with its website and magazine, has been testing things longer than anyone else. CR, as it’s known, has surprised and sometimes outraged consumers for 87 years, testing … Read more

Former ministers criticize ‘desperate’ move to ditch HS2 for Manchester

Former Tory prime ministers have warned Rishi Sunak to “deliver a crippled HS2” after his government refused to deny it was considering scrapping part of the project. Boris Johnson said suggestions the Birmingham to Manchester route could be cut due to cost concerns were “desperate” and “exchequer-driven nonsense”. He went on to call on the … Read more

Thousands of Costco mattresses recalled after reports they have mold

About 48,000 mattresses sold at Costco are being recalled after hundreds of consumers reported mold growing on them, according to the Consumer Safety Product Commission said on Thursday. The mattresses, sold only in Costco stores and on, were made by FXI and sold under the Novaform brand between January and June of this year. … Read more