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Amazon Lays Off 500 Employees in India Across Functions
The Seattle-based technology giant is letting go of at least 500 employees in India, and the process is ongoing, they said.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- corporations, employment, failure
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ZestMoney Founders Resign as Goldman Sachs-Backed Fintech Struggles to Raise Funds
Founders of ZestMoney have resigned from the startup, the latest twist in the fate of the Indian fintech.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
- Tags
- corporations, employment, failure, fintech
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LinkedIn Announced Layoffs and the Closure of Its Chinese Jobs App InCareer
The Microsoft-owned professional networking site is cutting 716 jobs.
- Categories
- Technology, Telecommunications
- Region
- Asia Pacific
- Tags
- employment, failure
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Adani Firms Dropped From UN-Backed List Of Green Firms In Latest Blow
Three of Adani Group’s publicly traded companies have been removed from an influential list of companies committed to acting against climate change.
- Categories
- Environment, Investing
- Region
- Asia Pacific
- Tags
- climate change, ESG, failure
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Copia exits Uganda, to Focus on Kenyan Operations
B2C e-commerce company, Copia has shut down its Ugandan operations due to the economic downturn. However, it will double down on its operations in Kenya.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
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A Blueprint for Closing the SDG Financing Gap: How to Raise $290 Billion in 12 Months to Tackle the World’s Biggest Problems
As of 2020, the annual SDG financing gap for developing countries stood at $4.2 trillion — up from $2.5 trillion pre-pandemic. And according to Chris Clubb at Convergence Blended Finance, though private capital is crucial to closing this gap, the $240 billion in annual public development finance only mobilizes around $44 billion in private investment, which covers just 1% of these countries' climate and SDG investment needs. He explores the core elements of Convergence's Action Plan for Climate and SDG Investment Mobilization, which shows how a small amount of public and philanthropic funding can catalyze private investment to more than double total climate and SDG financing in developing economies.
- Categories
- Environment, Investing
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Report: ‘Fully Financing’ HIV Response in Africa Will Save Millions of Lives: UNAIDS
The report demonstrates that failing to mobilise the required funding to end AIDS as a public health threat by 2030 has substantial health, social and economic costs.
- Categories
- Education, Health Care, Investing
- Region
- Sub-Saharan Africa
- Tags
- failure, public health
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ZestMoney Set to Lay Off Around 100 Employees After Acquisition Deal With PhonePe Falls Through
According to reports, the fintech company will trim its workforce by around 20% as part of its business continuity and survival plan.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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