The company’s new store in China is aimed squarely at a country of tea drinkers that has emerged as a major core of its business. NYT > Business Day
China’s Alibaba and Tencent have rocketed this year to become global investor darlings, inching up on Facebook and Amazon, as their sway in China grows. NYT > Business Day
USA : House of Cards is one of Netflix’s biggest shows, but one of its stars is still not getting an equal share of the deck.
Source: CNN US labour news from LabourStart
Source: Choosing Democracy US labour news from LabourStart
From exploding smartphones and hoverboards to fake news on social media, many tech hardware, software and web products suffered embarrassing setbacks. But it was not all bleak. NYT > Business Day
Biggest Company-Wide Layoffs in the Last 15 Years In the last year alone, the computer industry eliminated 72,333 jobs, and more than 17,000 of them were wiped out in the first three months of 2016. Recently, Intel announced its plans to eliminate 12,000 workers — and although that number is big, it … Read more…
The firm, which usually hires hundreds of people yearly, has canceled interviews and cut short negotiations, said people briefed on the matter. NYT > Business Day