Tag: Globally

China’s Xi pledges to build globally competitive environment for tech innovation

BEIJING (Reuters) – China’s President Xi Jinping has vowed to foster a globally competitive open environment for scientific and technological innovations, and expand international exchanges and cooperation, state media reported on Tuesday. The comments come at a time when the world’s second-biggest economy is trying to nurture new growth drivers, in its bid to restore […]

UH Manoa ranked in top 2.5% globally of 20,000 universities

May 20—The University of Hawaii at Manoa placed in the top 2.5% of a new global ranking of more than 20,000 universities. UH announced Sunday that it was ranked 511 on the Global 2000 list by the Center for World University Rankings, which measured key areas such as education, employability, faculty and research. UH also […]

AstraZeneca to withdraw COVID vaccine globally as demand dips

(Reuters) -AstraZeneca said on Tuesday it had initiated the worldwide withdrawal of its COVID-19 vaccine due to a “surplus of available updated vaccines” since the pandemic. The company also said it would proceed to withdraw the vaccine Vaxzevria’s marketing authorizations within Europe. “As multiple, variant COVID-19 vaccines have since been developed there is a surplus […]

Tesla to lay off more than 10% of staff globally as sales fall

Tesla will lay off more than 10 per cent of its global workforce as it grapples with falling sales and an intensifying price war for electric vehicles. The world’s largest automaker by market value had 140,473 employees globally as of December 2023, its latest annual report shows. News of the job cuts was shared in […]

Tesla to lay off more than 10% of staff globally as sales fall

By Victoria Waldersee (Reuters) -Tesla will lay off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles. The world’s largest automaker by market value had 140,473 employees globally as of December 2023, its latest […]

Alibaba Slashes Cloud Prices Globally as AI Demand Quickens

(Bloomberg) — Alibaba Group Holding Ltd. is cutting prices for cloud customers from the US to Singapore by as much as 59%, mirroring deep discounts at home as the once high-flying division struggles to fend off rivals and revive growth. Most Read from Bloomberg The move coincides with a surge in demand for cloud computing […]

Microsoft splits Teams from Office app suite globally

Microsoft is to split its meeting and chat app Teams from its Office software globally after making a similar move in Europe last year. The tech giant said it was expanding the approach worldwide to help “ensure clarity for customers”. The decision to split Teams from Microsoft’s Office suite of apps in Europe last year […]

Russia’s resilience to sanctions shows it is ‘costly and unattainable’ to isolate a large and globally integrated economy, economist says

Russia’s economy remains resilient against Western sanctions. Economist Elina Ribakova wrote about the limitations of trying to isolate a globally integrated economy like Russia. The West’s experience sanctioning Russia could help in crafting potential future trade restrictions against China. Russia’s economic resilience against sanctions has frustrated the West as the war in Ukraine drags into […]