Dropbox is cutting its workforce by 11%; 315 employees are set to lose their jobs as COO steps down

Jan 14, 2021 10:04 am UTC| Business Economy

Dropbox is reducing its global workforce, which is bad news to those who will be affected. The companys CEO, Drew Houston, stated that the massive layoff is a crucial move on their end to keep the company afloat and make...

Business debt: hidden advantage for giant firms means economy has been K-shaped for decades

Jan 14, 2021 06:39 am UTC| Business Economy

When the COVID-19 pandemic first hit, it seemed like the day of reckoning for over-stretched corporate borrowers was finally at hand. For years, pundits and policymakers had been warning about a dangerous build-up of the...

Five economic effects from the Democratic sweep in Washington

Jan 14, 2021 06:32 am UTC| Economy Politics

Joe Biden will inherit among the most challenging political and economic environments of any US president. With America reeling from the storming of the Capitol by pro-Trump insurrectionists, not to mention a raging...

Federal financial aid for college will be easier to apply for – and a bit more generous

Jan 14, 2021 04:58 am UTC| Life Economy

Editors note: The Free Application for Federal Student Aid better known as FAFSA is being simplified through the omnibus spending bill that became law in December. The FAFSA is what students must fill out to receive Pell...

S. Korea approves Netherlands-based brokerage IMC to do business locally

Jan 13, 2021 23:28 pm UTC| Economy Business Investing

Netherlands-based brokerage house IMC was green-lighted by the Financial Services Commission (FSC) to operate a financial investment and brokerage business in South Korea on the condition that its subsidiary serves as a...

Climate Change Series

S. Korea allocates 30 trillion won to promote green energy, digital exports

Jan 13, 2021 15:46 pm UTC| Economy Business

South Korea will allocate 30 trillion won in trade financing to expand outbound shipments in green and digital sectors from $180 billion in 2019 to $250 billion in 2025. Exporters in such fields could also avail of...

S. Korea earmarks 205 billion won for eco-friendly ship projects

Jan 13, 2021 13:37 pm UTC| Economy Business

South Korea will allocate 205 billion won to build 39 eco-friendly ships this year, including 23 for the public sector. The funding is part of South Koreas vision to operate around 530 eco-friendly ships by...