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Roving Periscope: As China relents, talks to Pfizer for US vax, Jack Ma ‘retires’

Virendra Pandit   New Delhi: Amid reports that Covid-battered China is talking to the US multinational Pfizer to import its vaccines, Jack Ma, the second best-known Chinese globally after President Xi Jinping, has decided to retreat from his online empire in the wake of Beijing’s crackdown on technology behemoths. The media reported on Saturday that […]

Global recession: Amazon to layoff 18,000 staff, 80% more than it estimated

Virendra Pandit   New Delhi: World’s largest e-commerce company Amazon.com Inc., on Wednesday, announced to cut over 18,000 jobs, 80 percent more than it estimated earlier, which shows its fears of a global recession ahead. The company would begin discussing the moves with affected employees on January 18 and provide severance, transitional health benefits, and […]
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