Facebook chief technology officer Mike Schroepfer will step down in 2022. It was reported by Bloomberg on 23 September, citing an internal company document authored by Facebook CEO Mark Zuckerberg. Mike Schroepfer's dismissal will be one of the most significant departures at the company in the past...

The pandemic has caused considerable financial hardship in the U.S., but the super-rich have escaped serious losses. Insider reports that billionaires handled the coronavirus epidemic so well that they became a total of 1.8 trillion richer. Americans for Tax Justice (ATF) and the Institute for...

A veteran tech banker, Dhiren Shah, from the Credit Suisse Group AG has been poached by Citigroup as a part of the new strategy of the company to focus on investing money and effort in tech franchise, claimed a report by the news agency Reuters based on information from a memo of the latter. ...

Wall Street investment bankers will see double-digit bonus increases this year. Payouts to advisers and analysts will be the biggest in nearly a decade, Johnson Associates forecasts. Many Wall Street employees can expect double-digit bonus increases in 2021 as compared to the last year. Payouts to...

Thousands of employees of the US aerospace corporation Boeing have left the company amid continuing internal problems, Bloomberg writes. Employees are leaving the company amid a crisis that has been going on for more than a year - it began after the suspension of Boeing 737 MAX operation in March...

A survey showed that four out of ten Americans who work remotely at least part of the time will start looking for another job if they are required to return to the office. Workers are sometimes willing to give up a higher salary to work remotely. Four out of ten Americans, who work from home at...

Two Americans who are charged with the escaping of former Nissan chairman Carlos Ghosn form house arrest have been sentenced to two years of imprisonment by a Tokyo court on Monday.   The American duo - US Army Special Forces veteran Michael Taylor who was sentenced for two years and his son...

Zara is the world leader in online shopping, but the company has no intention of closing its shops, said the head of Inditex Group, which owns the brand. In his view, the future of the industry lies in a hybrid approach that combines traditional retail and online services. Zara does not intend to...

The fortune of Elon Musk increased by almost $10bn last week as shares in the Tesla carmaker surged. The company's stock surged after the Biden administration agreed an infrastructure upgrade plan with congressmen that includes spending on electric vehicle chargers. The fortune of Elon Musk last...