According to the Financial Times, more than 6,500 workers at Samsung Electronics, based in South Korea, began a three-day strike on Monday. This is the second setback in as many months for Samsung. The first one happened on June 7th, when salary rises were a contentious topic. The employees of the...

The Financial Times writes, citing reliable sources, that Bernard Arnault, one of the richest men in the world and the creator of the luxury goods company LVMH, has purchased shares in the competitor Compagnie Financiere Richemont SA. The sources argued that Arnault made a personal investment and...

Based on internal business statistics, CNBC has determined that US electric vehicle manufacturer Tesla has reduced at least 14% of its personnel this year. As of June 17, there were just over 121,000 members of Tesla's "all-employee" email list, including temporary employees. As per the official...

A U.S. appeals court was requested by the U.S. Justice Department and TikTok on Friday to expedite the review of the legal objections to a recently enacted statute that requires China-based ByteDance to sell up its U.S. assets or risk suspension. The deadline for doing so is January 19.   In...

Following Tim Cook's resignation, Bloomberg reported that 49-year-old John Ternus, who oversees the company's hardware development division, is expected to take over as CEO of Apple. According to Bloomberg, which cites people familiar with the company's internal operations, 49-year-old John Ternus,...

Bloomberg reports that Goldman Sachs, a U.S. investment bank, has mandated that its staff get special authorization from the management before they can travel to Paris for the Olympic Games, which are scheduled to take place from July 24 to August 14. The organization notes that a lot of companies...

According to MarketWatch, a faction of TotalEnergies' stockholders is demanding that the CEO and board chairman positions be kept distinct. Patrick Pouyanne has concurrently held both roles since 2015. The Swiss Ethos Foundation and a consortium of 19 international pension funds and management...

CEO of Citigroup Inc. Jane Fraser stated that the firm is nearing the end of an operational transformation that will involve additional layoffs. The Wall Street Journal obtained Fraser's address to employees, which stated that "these final changes will affect the largest number of our colleagues...

According to the Financial Times, which cites analysts' projections, major Japanese corporations will raise workers' compensation by an average of more than 4% following spring negotiations with labor unions. This would be the largest growth since 1992 despite a sharp rise in the cost of living and...