More US companies charging employees for job training if they quit

When a Washington state beauty salon charged Simran Bal $1,900 for training after she quit, she was shocked. Not only was Bal a licensed aesthetician with no need for instruction, she argued that the trainings were specific to the shop and low quality.   Bal’s story mirrors that of dozens of people and advocates in … Read more

China will seek to boost birth rate in response to ageing population: Xi

The Chinese government is planning to enact policies to boost the birth rate. On Sunday President Xi Jinping said there is an imminent decline in China’s population and this could hurt the country’s economy. While addressing over 2,000 delegates during a Communist Party meeting Xi said, “We will establish a policy system to boost birth … Read more

Unicorns become ‘cockroaches’ as tech funding dries up

For years, becoming a unicorn was the main goal of startups. Now, with venture funding drying up and many young firms’ survival in doubt, another creature is the talk of the town: the cockroach.   Venture capitalists and technology chieftains converged in Singapore in recent weeks to hobnob over a number of high-profile annual conferences, … Read more

Joe Biden vows ‘consequences’ for Saudi Arabia after OPEC+ cuts output

President Joe Biden said on Tuesday there will be “consequences” for Saudi Arabia as the Riyadh-led OPEC+ alliance moves to cut oil production and Democratic lawmakers call for a freeze on cooperation with the Saudis. Biden suggested he would soon take action as aides announced that the administration is reevaluating its relationship with the kingdom … Read more

Hero finally launches VIDA Electric Scooter

After consistent delays over the last few months, Hero has kept up with the festival period launch of it’s much awaited VIDA Electric Scooter. The model is called VIDA V1 and is being offered in two variants – V1 Pro and V1 Plus. Top speed is 80 kmph, running range is indicated at 143 and … Read more

MS Dhoni launches Made-in-India camera drone ‘Droni’

Indian cricket star Mahendra Singh Dhoni on Sunday launched a ‘made-in-India camera drone’ named ‘Droni’ with advanced features manufactured by Garuda Aerospace. It has ventured into the consumer drone market with ‘Droni’, according to the news agency ANI. Dhoni is the brand ambassador of Garuda Aerospace, a company that has attempted to offer drone solutions … Read more

Mahindra and Actis partner to develop industrial and warehousing facilities

Mahindra Lifespaces (ML), a 51.33% subsidiary of M&M is partnering with Actis to own and operate industrial and warehousing real estate facilities in India. Partners will jointly invest in Asset Owning SPVs (SPVs) as well as Operating Company which will provide service to those Asset Owning SPVs. In both kinds of entities, ML plans to … Read more

Billionaire Mukesh Ambani to open family office in Singapore

Asia’s second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move. The Mumbai-based billionaire has picked a manager to hire staff for the new entity and get it running, the people said, asking not to be identified because the matter is private. … Read more