JP Morgan ramps up hiring efforts as it expands European footprint

U.S. investment giant JPMorgan's British retail banking counterpart, Chase, is reportedly looking to hire recruit hundreds of staff in the upcoming year to take its employee count to 1,000. This move will facilitate the roll out of its ....

OPEC optimistic on global oil demand as fears over Omicron subside

OPEC has reportedly raised its forecast figures for world oil demand for the first quarter of 2022 but has kept its yearly growth prediction steady, stating that the COVID-19 Omicron variant would only mildly impact market growth as the wor....

Amazon penalized USD 1.3 Bn in Italy for anti-competitive practice

Italy’s competition authority, Autorità Garante della Concorrenza e del Mercato (AGCM), recently fined Amazon about USD 1.3 billion for allegedly exploiting its dominant position by pressuring third-party sellers to utilize the....

Pfizer’s booster shots effective against Omicron variant: Israeli study

Israeli researchers have reported that three shots of the Pfizer/BioNTech coronavirus vaccine provide considerable protection against the new Omicron variant. The research was conducted by Central Virology Laboratory of the Health Ministry....

Marriott set to revamp its Courtyard brand amidst growing competition

Courtyard by Marriott Hotels has long maintained its status of being the second-largest revenue-generating brand without making any major changes over the years. However, the 40-year-old brand is now planning for a landmark makeover in the....

Lamborghini’s first all-electric supercar likely to be launched by 2027

Automobili Lamborghini S.p.A. is reportedly planning to release its first-ever electric vehicle by 2027. This comes amidst the growing talks that the fate of the conventional supercars could be in the balance and would gradually transition ....

EU antitrust regulator probes Microsoft’s USD 16 Bn deal for Nuance

The EU antitrust regulator to look deeper into the Microsoft-Nuance deal to determine its impact on customers and competitors. The deal is expected to close by the end of this year or early next year subject to EU approval. Tech giant ....

Tesla launches ‘Full Self-Driving’ beta software with enhanced features

EV leader Tesla has reportedly started rolling out Full Self Driving (FSD) Beta software update – version 10.6 – for vehicles in its early access program. The US-based company had been delaying the long-awaited update multiple ....

Government policies not aimed at overseas IPOs: Chinese regulator

The securities regulator in China has claimed that Beijing's recent policy changes do not intend to target specific sectors or companies and are not necessarily linked to firms planning for overseas listings. Notably, the country had i....

Swiggy planning to invest USD 700 Mn grocery delivery service Instamart

In 2020, Swiggy’s grocery delivery service was operational in only two Indian cities back and now has expanded up to 18 cities. The startup intends to make deliveries within 15 minutes starting from January 2022. Indian food deli....