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Factory job cuts in June neared financial crisis and Covid levels, S&P says
Though the firm’s manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.
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A.P. Cabinet approves retirement age hike for PSU staff, OPS option for eligible employees
Retirement age of regular employees working in certain PSUs, corporations and societies will be increased from 60 years to 62 years retrospectively from January 1, 2022; a one-time option will be given for eligible State govt. employees covered under CPS to migrate to Old Pension Scheme
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Karnataka Tourism Department plans ‘Namma Guide’ platform to connect tourists with licenced tour guides
This new platform will make it convenient for tourists to easily connect with local guides and explore tourist spots
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Sen. Cassidy plans to push ‘big idea’ for Social Security reform in last days in office
As Social Security faces an imminent funding shortfall, Sen. Bill Cassidy said he has come up with a plan to invest in the stock market on the program’s behalf.
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Eiffel Tower closes early due to heatwave
The French capital’s Eiffel Tower, one of the most visited tourist attractions in the world, has closed early on June 23 because of exceptionally high temperatures. This comes as Paris struggles to cope with a historic heatwave, and residents try to adapt in a city that is not made to withstand such extreme weather. FRANCE…
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Kottarakara tragedy reignites public fury over heavy vehicle menace
Speeding and overloading, ignoring mechanical failures, employing inept drivers and gross negligence or corruption within the regulatory system all lead to fatal accidents by tipper trucks
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Prakasam district attracts ₹320-crore investment proposals at ‘Business Elite Meet’
Urging the stakeholders to invest in Prakasam district, the Collector says that the district possesses a 20-km coastline with significant potential for development and points out that 50% of the world’s cities have developed along the coast
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World Cup drives Brazil’s online betting boom
With the World Cup underway, Brazil is experiencing an online betting boom, as over a third of adults are expected to bet on the tournament. The boom comes with consequences, as official figures show a link with mental health issues. A bill is even going through the Brazilian parliament to ban celebrities from advertising for…
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AI memory startup focused on cutting token costs raises $98 million
Engram enters the market as the AI industry grapples with a rising cost problem fueled by more expensive models.
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