European startup founders are working longer hours than you might think
Business News

European startup founders are working longer hours than you might think

Business Despite recent claims that European startups aren’t working hard enough, new research shows the continent’s founders are putting in serious shifts to turn their ideas into successful businesses. A survey of 128 founders by early-stage VC firm Antler found that three-quarters of them work more than 60 hours weekly, with 19% exceeding 80 hours. German founders emerged as Europe’s hardest workers, with 94% working more than 60 hours weekly and 38% exceeding 80 hours. Daria Stepanova, co-founder of German startup AIRMO, said she’s sacrificed “time, stability, and relationships” to grow her company. However, she sees a certain level of obsession is a good thing. Otherwise, “what you’re building probably...
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Ashok Leyland secures defence orders worth Rs 700 crore
Business News

Ashok Leyland secures defence orders worth Rs 700 crore

CHENNAI: Hinduja Group flagship Ashok Leyland has announced that its defence business has won multiple orders valued at more than Rs 700 crore. The vehicles to be supplied under these orders are to fulfil defence sector needs of troop transportation, logistics and other specialized mobility requirements under the Close-in Weapon Systems (CIWS) programme. Deliveries will commence next financial year.The recently awarded contracts encompass a diverse range of specialized vehicles, including the Stallion 4x4, Stallion 6x6, Short Chassis Bus and Mobility System Travelling Platform. Shenu Agarwal, MD & CEO of Ashok Leyland, said, “The defence business remains a key pillar of Ashok Leyland’s future growth.” Amandeep Singh, president – defence business, Ashok Leyland, said, “Our future defence order and tender pipeline is also quite robust.”
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Tesla’s huge brand damage, Walmart’s manager pay, Target follows Costco: Business news roundup
Business News

Tesla’s huge brand damage, Walmart’s manager pay, Target follows Costco: Business news roundup

Image: Scott Olson (Getty Images), Scott Olson / Staff (Getty Images), Scott Olson (Getty Images), Duolingo, Photo: Andrew Harnik (Getty Images), Michael Ciaglo (Getty Images), Joe Raedle (Getty Images), Mario Tama (Getty Images)A Walmart in Chicago, Illinois. Image: Scott Olson (Getty Images)Walmart’s big pay bump for its store managers is paying off, according to U.S. CEO John Furner. Speaking at the National Retail Federation (NRF) State of Retail & the Consumer 2025, Furner highlighted the company’s efforts to boost engagement and performance across its management ranks. Read MoreIn this photo illustration, the injectable weight-loss medication Wegovy is available at New City Halstead Pharmacy on April 24, 2024 in Chicago, Illinois.Image: Scott Olson / Staff (Getty Images)After revolutionizing the weight-loss drug market, Novo Nordisk (NGO) and Eli Lilly (LLY) are setting their sights on heart health. Both pharma...
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Target slashes bonuses, Walmart holds the eggs, and cheaper Wegovy: Business news roundup
Business News

Target slashes bonuses, Walmart holds the eggs, and cheaper Wegovy: Business news roundup

Image: Justin Sullivan (Getty Images), Mario Tama / Staff (Getty Images), Scott Olson / Staff (Getty Images), Scott Olson (Getty Images), Photo: Julia Demaree Nikhinson/Pool (Getty Images), Jason Miller / Stringer (Getty Images), Scott Olson (Getty Images), Win McNamee (Getty Images)A Target in Albany, California. Image: Justin Sullivan (Getty Images)Target has announced it will reduce bonuses for salaried employees due to weak consumer spending and inflationary pressures. Bloomberg, citing sources with knowledge of the situation, said employees will receive 87% of their eligible 2024 bonuses, a sharp decline from the previous year, when workers received 100% of their bonuses, with some even seeing their payouts double. Read MoreIn this photo illustration, boxes of the diabetes drug Ozempic rest on a pharmacy counter on April 17, 2023 in Los Angeles, California.Image: Mario Tama / Staff...
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