Explained: What is the Voluntary Retirement Programme that Microsoft is offering to its 8500-plus employees

Microsoft is offering voluntary retirement to roughly 7% of its US workforce—about 8,750 people out of 125,000 American employees. It’s the first time in the company’s 51-year history it has done anything like this. In previous years, when Microsoft needed to cut costs, it reached for layoffs: more than 15,000 jobs went last summer alone….

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Us Sanctions China Oil Refinery: ‘Economic Fury’: US sanctions China’s ‘teapot’ refinery & 40 shipping companies, tightens pressure on Iran oil trade

The United States has imposed fresh sanctions on a major China-based oil refinery and around 40 shipping companies and tankers linked to Iranian oil transport, escalating its campaign to choke Tehran’s key revenue stream.The move, announced on Friday, targets what Washington describes as an extensive “shadow network” used to move Iranian crude to global markets.It…

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ED conducts raids in Kolkata, North 24 Parganas in ration scam probe | Kolkata News

KOLKATA: The Enforcement Directorate (ED) on Saturday carried out searches at multiple locations in West Bengal as part of its ongoing money laundering investigation into the alleged ration distribution scam, officials said.ED teams are also conducting a raid at the residence of businessman Partha Sarathi in North 24 Parganas district in connection with the Public…

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