Nike announces possible layoffs and a $2 billion cost-cutting plan

Nike said on Thursday that its $2 billion cost-cutting and restructuring plan will support future growth, but it also seems to be a hint at significant workforce reductions. As a result of this business restructuring, Nike said  “result in pre-tax restructuring charges of approximately $400 million to $450 million … primarily associated with employee severance […]

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By 2027, McDonald’s hopes to have opened close to 9,000 locations and added 100 million loyalty members

By 2027, McDonald’s hopes to have more than 8,800 locations open and 100 million new members in its loyalty club. The goals are a part of the fast-food juggernaut’s long-term strategies to increase sales throughout its already extensive network of restaurants. In an effort to convince investors that consumers’ appetites for its Big Macs and […]

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An Australian startup produces a two-headed space camera

A dual-headed camera system for space-based space surveillance is being developed by Australian startup Infinity Avionics. Canberra-based Infinity Avionics is collaborating with the University of New South Wales Canberra Space and Australian startup Nominal Systems to develop technology to autonomously detect space objects, with funding provided by the Australian government, the SmartSat CRC research consortium, […]

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Tesla, other EV creators might need to Make in India to get best of new EV strategy motivators, sources say

Indeed, even as New Delhi hopes to charm worldwide goliaths like Tesla Inc. to settle in the country, a Make in India prerequisite in the proposed EV strategy will probably guarantee organizations don’t simply gather in that frame of mind, to individuals acquainted with the matter. “The policy will be such that it will ensure […]

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Biden and Xi to Convene in California for Talks on Trade and U.S.-China Relations

President Joe Biden and Chinese President Xi Jinping will hold crucial discussions on trade, Taiwan, and the management of strained U.S.-Chinese relations during their upcoming meeting in California. In a significant diplomatic move, President Joe Biden and Chinese President Xi Jinping are scheduled to meet in California on Wednesday, marking the first face-to-face engagement between […]

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