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Exclusive: Indian automaker Mahindra cuts over half of North America workforce – sources

Indian automaker Mahindra & Mahindra Ltd has cut more than half of the workforce at its North American unit, two sources familiar with the matter told Reuters, due to the COVID-19 pandemic and an ongoing legal tussle.

Markets

Amazon India launches online academy to coach future engineers

Amazon.com Inc has launched an online academy to train students for one of India's most competitive college entrance tests, the e-commerce giant said on Wednesday, as it taps a boom in virtual learning during the COVID-19 pandemic.

Markets

Geely and Foxconn team up to build cars for other automakers

Taiwan's Foxconn and Chinese automaker Zhejiang Geely Holding Group said on Wednesday they will join hands to provide contract manufacturing for automakers.

Markets

Citi’s Asia consumer banking head moves back to US

CITI regional consumer banking head, Gonzalo Luchetti, will return to the US to head the consumer banking unit from Feb 1.

Markets

Citi’s Asia consumer banking head returns to US in leadership shuffle

CITI will soon appoint a new regional consumer banking head for Asia-Pacific and Europe, Middle East and Africa (EMEA), with its current head due to vacate the post.

Markets

Uber and Lyft drivers challenge California ‘gig worker’ ballot

Drivers for ride-share and meal delivery apps filed a lawsuit Tuesday to nullify a referendum passed by California voters that lets such "gig workers" be treated as contractors.

Markets

Telefonica sells mobile phone masts to American Towers for US$9.4 billion

Spanish telecom company Telefonica said on Wednesday it agreed to sell its mobile phone masts in Europe and Latin America to U.S.-based telecom infrastructure operator American Towers for 7.7 billion euros (US$9.41 billion) in cash.

Markets

Just Eat Takeaway’s quarterly orders surge 57per cent on lockdown boost

European food-ordering firm Just Eat Takeaway.com NV said on Wednesday it had received 57per cent more orders in the fourth quarter than a year earlier, as strict social distancing rules and work-from-home trends continued to boost online orders.

Markets

YouTube suspends Trump channel, removes video due to ‘potential for violence’

YouTube has suspended President Donald Trump's channel as it violated policies for inciting violence.

Markets

Affirm Holdings prices US IPO above target range, raises US$1.2 billion

REUTERS: Affirm Holdings Inc, a U.S. provider of installment loans to online shoppers, said on Wednesday it sold shares in its initial public offering (IPO) at US$49 apiece, above its target range, to raise US$1.2 billion. Affirm said it offered 24.6 million shares of its Class A common stock...

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