August2022

Peloton Interactive Inc said on Friday it would cut jobs, shut stores and raise prices on its exercise equipment including treadmills and top-end bikes as it undertakes a company-wide revamp to shore up its revenue and...

Russia’s economy shrank 4.0% year-on-year in the second quarter of 2022, the first full quarter of what Russia calls a “special military operation” in Ukraine, preliminary data from the federal statistics service Rosstat showed on Friday....

Brazil’s central bank chief Roberto Campos Neto on Friday said he believes credit cards will cease to exist soon due to the growth of the open financial system, through which clients authorize financial data sharing with...

Anshu Jain, a top finance executive best known for helping German lender Deutsche Bank AG take on the largest Wall Street firms, died overnight on Saturday after a five-year battle with cancer, his family said. He...

Author Salman Rushdie, who suffered years of Islamist death threats after writing The Satanic Verses, has been stabbed on stage in New York state. The Booker Prize winner, 75, was speaking at an event at the...

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...

US-based meditation app Calm has axed 20% of its workforce, becoming the latest US tech company to announce job cuts. The firm did not elaborate on the reason for the cuts, which affect about 90 people...

With the monkeypox vaccine in short supply in the United States, thousands of foreigners, including Americans are flocking to Montreal to get their shots. Canada’s second-largest city, located about 70 kilometers (43 miles) north of the...

One week after colliding with a Los Angeles skyscraper in her car, Hollywood actor Anne Heche has been deemed legally dead, a spokesperson announced on Friday. Heche, 53, had been unconscious in a hospital since the...

The Bangladesh Cricket Board (BCB) officially announced Shakib Al Hasan as the T20 format captain, putting an end to all rumors. According to BCB Cricket Operations Chairman Jalal Younus, he will lead the team through the...