Latest News

Electrolux to cut 3,000 jobs as sales fall
Electrolux to cut 3,000 jobs as sales fall
Economy
by  AFP

Swedish home appliances maker Electrolux said Thursday it plans to cut some 3,000 jobs as it reported lower sales in the third quarter. In October last year, it announced it would cut 4,000 jobs worldwide but mainly in North America.

GM's Cruise pauses driverless car operations after California ban
GM's Cruise pauses driverless car operations after California ban
Economy
by  AFP

US vehicle company Cruise has suspended all operations of driverless cars, the subsidiary of auto giant General Motors said Thursday, days after California authorities halted testing of its driverless cars in the state. California on Tuesday suspended testing of Cruise autonomous vehicles as robotaxis citing safety concerns following a series of accidents.