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Oil major BP to cut 15% of its workforce

A BP Plc logo sits at the top of a totem sign at a filling station in London, UK, June 8, 2020. /VCG BP will cut about 15 percent of its workforce in response to the coronavirus crisis and as

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CGTN Exclusive: Attacks on Huawei more about politics than security

The latest intensified restrictions on Huawei's supply indicates that the U.S. worries more about its tech advantage rather than cyber security which it claims to care, said an official at Huawei in

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Is COVID-19 catalyst for Gulf economic transformation?

People shop at a Cooperative Society in Hawalli Governorate, Kuwait, May 9, 2020. /Xinhua Editor's note:Guy Burton is an adjunct professor at Vesalius College, Brussels. The article reflects t

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U.S. faces unemployment crisis amid record trade drop

New U.S. economic data out Thursday showed a record plunge in exports while layoffs exceeded 42 million, demonstrating further signs of the crisis facing the world's largest economy amid the coronavi

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Top cybersecurity VCs share how COVID-19 has changed investing

The coronavirus pandemic is, without doubt, the greatest challenge the world has faced in a generation. But the wheels of the world keep turning, albeit slower than during normal times.But where the w

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Amazon Air adds 12 new aircraft to its cargo fleet, expands its ground operations

Amazon announced today it has added 12 new cargo aircraft to Amazon Air, bringing its total fleet to more than 80 aircraft, in part because of increased demand for shipments during the COVID-19 pandem

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Workforce training app developer Poka adds strategic investor Schneider Electric

Poka, a workforce training app and software service for industrial companies, has added SE Ventures, the venture capital arm of the European energy and automation conglomerate Schneider Electric to it

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Tictrac secures $7.5M to expand employee wellbeing platform as WFH baloons

“Employee Wellbeing” SaaS platforms have been around for some time. Both regulation and increasing stress levels and health problems in the workplace have fed the rise of this sector of tech, and with

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Self-driving vehicle startup Argo AI completes $2.6B deal with Volkswagen, expands to Europe

Volkswagen Group finalized Tuesday its $2.6 billion investment into Argo AI, the Pittsburgh-based self-driving car startup that came out of stealth in 2017 with $1 billion in backing from Ford.The de

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Daily Crunch: SpaceX’s crewed spacecraft successfully launches and docks

SpaceX made history this weekend, tech executives respond to the ongoing protests against racism and Zynga announces a big acquisition.Here’s your Daily Crunch for June 1, 2020.1. SpaceX’s firs

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Bonusly, the platform for employee recognition, raises $9 million Series A

Bonusly, a platform that involves the entire organization in recognizing employees and rewarding them, closed on a $9 million Series A financing round led by Access Venture Partners. Next Frontier Cap

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6 VCs share their bets on the future of work

As tech companies like Twitter and Facebook gear up for longer-term remote work solutions, the future of work is becoming one of the more exciting opportunities in venture capital, Charles River Ventu

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Hong Kong fearless of foreign sanctions, threats: Hong Kong SAR gov't official

It is against international law and practice for the United States to use unilateral sanctions as a threat to interfere in the policies of other countries and regions,

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Thousands protest mass Renault job cuts

VCG Thousands of workers rallied on Saturday outside the Renault factory in northern France to protest the automaker's decision to cut 15,000 jobs worldwide, including 4,600 in France.Unions s

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Renault to restructure factories and make worldwide job cuts

Workers gather as up to 4,600 French jobs are to be cut after car manufacturer Renault announced cost-saving measures. /Geoffroy van der Hasselt/AFP Renault says 15,000 jobs are being cut worl

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Uber UK launches Work Hub for drivers to find other gig jobs during COVID-19

Uber UK has launched a Work Hub for drivers to view a selection of temporary work opportunities with other companies as a way to supplement pandemic-hit ride-hailing earnings during the coronavirus c

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France's Renault to slash around 15,000 jobs worldwide

France's second leading carmaker Renault on Friday announced that it would cut 14,600 posts worldwide and reduce production capacity over the next three years in order