Maldives President Mohamed Muizzu announced the removal of 228 political appointees across various government ministries as part of a broader effort to reduce government expenditure.The cost-cutting measure is a key component of the administration’s Economic Reform Agenda, aimed at tackling the nation’s growing fiscal and external vulnerabilities.President Muizzu shared the decision with the public on…
NEW DELHI: Alex Ferguson, the legendary former Manchester United manager, is set to leave his role as a global ambassador for the club at the end of the current season. The 82-year-old, who won an impressive 13 Premier League titles and two Champions League crowns during his nearly 27-year tenure at Old Trafford, has been…
Nike on Thursday said it will cut about 2% of its total workforce, or more than 1,600 jobs, as the sportswear giant looks to cut costs after flagging weaker profits this year. Nike’s global peers Adidas, Puma and JD Sports , too, have warned of weaker earnings this year, as consumers cut back on non-essential…
Ripples from the recession in Europe and the US continue to rock Gujarat’s textile and chemical sectors. The clouds of job losses are looming over these labour-intensive industries. A bad debt cycle triggered by low demand, shrinking working capital, high input costs and stretched payment cycles has forced companies to cut costs. The textile industry…
