Indian businessman in Portugal says he only hires Indians because Portuguese workers are ‘too expensive’

An Indian business owner in Portugal said in a street interview that he mainly hires Indian workers because Portuguese employees are “too expensive” and communication is easier with people from India.Asked whether he only hires Indians, the man replied: “Yes.” He said Portuguese workers cost more and described language as a barrier when dealing with…

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RBI to align bank disclosure norms with global standards

MUMBAI: RBI’s new disclosure norms will put unlisted banks at par with listed peers, standardise reporting formats and units, and make global comparisons of Indian lenders much easier by mandating uniform, template-driven disclosures.The new norms prescribe globally aligned reporting architecture that mirrors Basel standards, addressing the third of the three pillars of the globally accepted…

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Volkswagen employees allowed to question CEO Oliver Blume after memo informing of 100,000 layoffs and closure of four German plants; Union says: We will host extraordinary staff assemblies to …

German car maker Volkswagen is reportedly planning to cut 100,000 jobs and close four of its manufacturing plants in the country, per a CNBC report last month. Now, Reuters reports that Volkswagen employees will get the chance to directly question and “grill” CEO Oliver Blume. According to the news agency, Volkswagen’s works council said it…

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Relationship quote of the day by Michelle Obama: ‘Do not bring people in your life who weigh you down. And trust your instincts… good relationships feel good’

Michelle Obama shared powerful advice at Oxford, urging listeners to “not bring people in your life who weigh you down” and to “trust your instincts.” She emphasized that good relationships feel good, are not painful, and extend beyond romantic partners to include friends and chosen social circles. This message highlights the importance of self-preservation by…

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