Tag: economic downturn

IBM logo is seen near computer motherboard in this illustration.(Reuters)
Posted in Business

IBM to cut 1,000 jobs in China, likely to move some offices to Bengaluru: Report

Aug 26, 2024 02:12 PM IST IBM is shutting down research and testing business lines in China, affecting over 1,000 jobs. The company may shift…

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The logo of Walmart is seen on a pole outside a store in Mexico City, Mexico June 14, 2024. REUTERS/Henry Romero(REUTERS)
Posted in Business

Walmart is seeking up to $3.74 billion in sale of JD.com stake

Aug 21, 2024 08:08 AM IST The envisioned deal comes as Walmart refines its strategy in the world’s second-largest economy, where retail is dominated by…

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