Drones in the sky, bicycles on the roads, and now Amazon is taking its logistics expansion to the sea. Lay-offs are reported from several regions - Ahold in the US, Konga in Nigeria and Asda in the UK are all cutting jobs, while Mega employees in Israel are still fighting for their jobs. In Europe, the longest-serving boss of a leading German company is being replaced.
'Paytm Force' helps sellers Alibaba-backed digital payments and online marketplace Paytm will provide end-to-end services for its sellers with its new 3,000 person strong 'Paytm Force'.
FOODBOARD™ – Cartonboard with functional barrier for sustainable and safe food packaging
With FOODBOARD™, Mayr-Melnhof Karton has developed the next generation of cartonboard which ensures highest product safety: FOODBOARD™ shields packed food against the migration of defined unintended substances such as mineral oils, phthalates, DIPN and bisphenol A and provides protection against cross-contamination during transport, storage and at the point of sale.
WhatsApp becomes free In a key strategy shift, the Facebook-owned communications service is going to remove its service fees for users. Instead, it will begin experimenting to simplify how businesses interact with consumers.
American Apparel rejects offer The bankrupt teen apparel retailer has refused the latest takeover offer of US$ 320 million from a group of investors who are backing the return of the company's controversial founder Dov Charney.
Ahold moves DCs The recently merged retailer is shifting its warehouse operations from suburban Buffalo distribution centres to C&S Wholesale in Pennsylvania and Massachusetts, which will eliminate 600 jobs in Western New York.
africa & Middle east
Fearing for job loss in Israel The second-largest Israeli supermarket chain Mega has been granted 30 days protection from creditors. It is expected to appoint trustees to keep the company going and find a buyer, which would save 3,500 jobs.