India has kickstarted the world’s largest election process as Prime Minister Narendra Modi vies for a third term in office. The election, spanning seven days and involving almost one billion voters, is set against the backdrop of economic growth, welfare initiatives, Modi’s personal popularity, and the rise of Hindu nationalism. Modi’s Campaign and Promises Prime
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Taiwan Semiconductor Manufacturing’s U.S.-traded shares experienced a 2.4% decline despite surpassing revenue and profit expectations in the first quarter. The company reported minimal structural damage from an earthquake in Taiwan earlier in April, although there were some wafers that had to be discarded. However, the management assured that most of the lost production would be
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The decision to push back the release of Transformers One from September 13 to September 20 was a strategic move by the studio to avoid competition with Beetlejuice Beetlejuice, which is expected to dominate the box office in September. However, this new release date also puts Transformers One in direct competition with DreamWorks Animation/Universal’s Wild
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Swiss engineering company ABB recently reported better than expected profit at the beginning of the year. Despite challenges faced by the global economy, ABB managed to exceed analyst forecasts in operational core profit, highlighting the company’s resilience and solid performance in the market. The impressive 11% increase in operational core profit to $1.42 billion for
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Following the recent announcement of layoffs at Tesla, CEO Elon Musk sent out an internal email alerting employees that some severance packages were incorrectly calculated and distributed. This mistake, according to Musk, is being rectified immediately. The oversight in providing inadequate severance to laid-off workers raises questions about the efficiency and accuracy of the company’s
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Recently, Tesla announced that they would be laying off 285 employees in the state of New York as part of a broader restructuring initiative. This decision comes after the company’s CEO, Elon Musk, sent out a company-wide memo stating that more than 10% of the global workforce would be reduced. Most of the affected employees
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U.S. Treasury Secretary Janet Yellen reiterated the Biden administration’s commitment to providing Ukraine with the necessary budgetary and military assistance. She expressed disappointment in the delays from Republican lawmakers in approving the aid, deeming them “inexcusable.” Yellen’s strong words come after a meeting with Ukrainian Prime Minister Denys Shmyhal and Finance Minister Serhiy Marchenko, where
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Despite recent safety issues that have plagued the aviation industry, airline executives are reporting a continued strong demand for flights. United Airlines, along with other major carriers, are anticipating record numbers of travelers this summer. This trend is evident in the record-breaking sales days that have been observed this year. The aviation industry has faced
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