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Twitter Communications India, the Indian subsidiary of social media company X Corp, has reported a web profit of Rs 30 crore in the fiscal year ending March 2023. This is a major turnaround from the earlier yr’s internet loss of Rs 32 crore. The Indian arm derives its earnings from advertising assist services, analysis and growth services, and user assist providers. The transfer leads to the walkout of 5,000 staff on the website, which makes a variety of the company’s most profitable autos, together with the Chevy Tahoe, the Chevy Suburban and GMC Yukon.

Employees say they concern Tata could quickly start closing some older parts of the plant and bringing in steel from India or elsewhere. If Tata demands heavy job cuts, “we will simply go to warfare with them,” Alun Davies, a senior official of the Community union, warned. The proposal “sets up Tata Steel UK for a sustainable and worthwhile future,” Koushik Chatterjee, Tata Steel’s chief monetary officer, informed analysts on a name final month. Stanley Reed, who covers power and environmental issues from London, and Francesca Jones, a Cardiff-based photographer, visited the metal plant in Port Talbot, Wales, to interview employees, executives and residents.

Citibank has received an employment tribunal case brought by an analyst it sacked for claiming bills for meals he shared with his partner, after which lying about it. The owner of an upmarket restaurant in Melbourne has broken down after a fireplace destroyed his venue just three weeks after it opened. Spending in September was triple what consultants had predicted, further elevating the likelihood of another rate of interest rise on November 7.

The South African Revenue Service’s commissioner briefed Parliament’s standing committee on finance on the state of tax assortment for the previous financial year. The province recorded its first case of the H7 strain on Thursday, as four different provinces in the country grapple with an outbreak that has led to a scarcity of poultry merchandise. Loadshedding was set to resume on Monday however has now been suspended till Tuesday. The electrical Business News energy minister said the improved energy technology and lower-than-projected demand has allowed for an ‘exponential increase’ in deliberate outages or what he calls ‘good maintenance’. Public Enterprises Minister Pravin Gordhan told MPs on Wednesday that Eskom should have a brand new CEO by December and that the method to discover a worthy candidate was underway.