business
In March 2023, sisters Parvathi and Janaki, both in their 20s, visited a Foxconn-run plant in southern India after reading job postings on WhatsApp. Upon arrival, a security guard at the main gate turned them away after asking, "Are you married?" During an interview in her local shanty town, Parvathi explained, "We didn't get the jobs because we are both married." She added, "Even the auto-rickshaw driver who took us from the bus stand to the Foxconn facility told us they wouldn't take married women, but we thought we would still give it a shot." A Reuters investigation revealed that Foxconn, ...
IBTimes
Don Vultaggio, who co-founded the company that makes Arizona Iced Tea and remains its CEO, has held the price for their beloved product at a mere 99 cents a can since it launched 32 years ago. Drawing inspiration from Snapple's success, Vultaggio focused his attention to tea, founding the Arizona drinks company in New York back in 1992. Their signature large cans of iced tea were an instant hit, and Vultaggio continues to run the company with his sons by his side upto this day. Arizona Iced Tea's Enduring Price StrategyDespite rising grocery prices and some brands resorting to "shrinkflation" ...
IBTimes
Frédéric Arnault, the CEO of TAG Heuer and a prominent member of the world's second wealthiest family, has garnered attention not only for his business acumen but also for his high-profile relationship with Blackpink's Lisa. As the head of one of the premier brands within the LVMH empire, Arnault's influence in the luxury watch industry is undeniable. But how wealthy is Frédéric Arnault, and what has contributed to his substantial fortune? Career and Leadership at TAG HeuerFrédéric Arnault's journey in the luxury watch industry began in 2017 when he joined TAG Heuer as the director of the Conn...
IBTimes
Tesla has issued another recall for its Cybertruck, making it the fourth since its launch late last year. However, the most interesting detail from the announcement is buried within the recall notice: the number of cyber trucks currently on the road. On Monday, June 24, the NHTSA received a letter from Tesla confirming a recall for a faulty front windscreen wiper. The Cybertruck's single, large front wiper – the biggest ever fitted to a passenger vehicle – can malfunction due to "excessive electrical current." Early Delivery Numbers Revealed in Recall NoticeA separate recall was also announced...
IBTimes
Governments around the world are increasingly mandating real-time digital tax reporting. This trend spans from the growing number of countries requiring e-invoicing and e-reporting to the momentum around a European Union-wide approach through the EU's VAT in the Digital Age proposals. In the United States, the establishment of the voluntary Digital Business Networks Alliance reflects recognition that the digitisation of transaction-related information is accelerating, even without a mandate. This change should be seen as more than a mandatory requirement; it offers an opportunity for business ...
IBTimes
In sweltering summer, leaving a pet in a parked car can quickly turn deadly. So when Tesla introduced its innovative Dog Mode feature, designed to alleviate this risk of your pet overheating by keeping the vehicle's interior at a safe temperature, the Elon Musk brand became the ideal vehicle choice of pet owners. However, recent reports of malfunctions in this critical feature have raised alarming concerns. Imagine the horror of trusting technology to safeguard your furry friend's well-being, only to discover that it has failed, leaving your beloved pet in a dangerous and potentially life-thre...
IBTimes
A combination of the long-term consequences of Brexit and the unstable political climate in the country ahead of the July 4 elections has resulted in an exodus of millionaires from the United Kingdom in favour of "haven" countries. This is according to the latest data from a report from Henley, a consultancy firm that tracks migration trends. The "Henley Private Wealth Migration Report" report notes that the United Kingdom experienced a net loss of 9,500 high-net-worth individuals in 2024 — more than double last year's figure of 4,200 (which was a record-high figure). The UK ranks second in co...
IBTimes
A U.S. judge has revived a lawsuit dismissed last November, allowing Tesla vehicle owners to pursue a proposed class action accusing the electric car company for monopolising the repair and parts markets of electric vehicles. Trina Thompson, a federal judge in San Francisco, ruled Monday that Tesla owners can sue, alleging the company pressured them into paying inflated repair costs and enduring long wait times by threatening to void their warranties. Tesla Faces Lawsuit Over Repair PracticesTesla owners allege the company's practices violate federal and California antitrust laws by coercing t...
IBTimes
Cricket is a sport that runs wild in almost every street in India, with people from all walks of society playing or watching it passionately. People spend hours in shops trying to find the best quality cricket bat, meticulously checking the "ping" and ensuring it's "knocked in" well for use in the streets or a professional cricket match. Certified cricket bat makers like Sareen Sports (SS) in India are among the top manufacturers in the world. Pro players in regional tournaments and at the national level use their bats, which are known for their high performance and quality and can cost up to ...
IBTimes
The burgeoning cryptocurrency market has sparked significant interest in Bitcoin ATMs, devices that facilitate the purchase and sale of Bitcoin and other cryptocurrencies with cash or debit cards. These machines are becoming increasingly popular as they offer a convenient and accessible entry point into the world of digital currencies. Using a Bitcoin ATM is straightforward: users locate a nearby machine, follow on-screen instructions to either buy or sell Bitcoin and complete the transaction in minutes. A decade ago, the world's first Bitcoin ATM debuted at Vancouver's Waves Coffee House. Tod...
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