Category: Business

Amazon launches Kindle e-readers in the Netherlands

In its latest business venture, Amazon inaugurated a fully functional store in the Netherlands. Sources reveal the store will focus on sales of Kindle e-readers, print books, in addition to selling other goods and food items. With Netherlands, Amazon has built its 16th global marketplace. The latest project in the Northwestern European country, Amazon has

Looptworks: Process of upcycling turns ‘waste’ jerseys into coveted merchandise

Former Adidas Head- Scott Hamlin has taken an innovative approach into recycling and producing sustainable products. For his extraordinary take on upcycling, Hamlin buys unwanted jerseys from professional sports team and transforms them into merchandise ready for purchase. The process of turning a jersey into another product typically takes 2-3 weeks. While speaking about his

Apple to open first Indian store in 2021

While speaking at the company’s annual shareholders’ meeting, Apple’s chief executive Tim Cooke announced to open the first store and online outlet in India later this year. Without a local partner the tech giant had to struggle for a special approval from the Indian government. Experts allege Apple’s entry into the Indian market place was

HSBC declares 35,000 job cuts as profits sink

HSBC has announced that it will cut 35,000 jobs over the next three years owning to a widespread renovation. According to reports, the bank is targeting $4.5bn (£3.5bn) of cost cuts by 2022, while withholding $100bn (£70bn) of assets. The details of the spending cuts were revealed by Noel Quinn, the current serving interim chief

Nestlé withdraws production of lower-sugar Milkybar Wowsomes

In the latest announcement Nestlé has announced to withdraw the production of its lower-sugar chocolate bar- Milkybar Wowsomes, a product launched in the UK and Ireland in 2018. The alleged reason stated by the Swiss food giant for the discontinuation has been “underwhelming” demand. According to reports the bars used “hollow” sugar crystals, a result