Management

Spotify to cut hiring plans

Bloomberg reports that Spotify Technology, the world's largest on-demand music and podcast provider, will slash employment ambitions, according to a statement from firm CEO Daniel Ek to workers. He said…
Published on June 16, 2022
By Iris Barker

New Research Warns The EU May Fall Short Of The Digital Decade Targets

According to a report by strategy consultant Public First, the European Union risks lagging behind its Digital Decade targets by ten years unless governments focus on bridging the skills gap.
Published on June 16, 2022
By Debdutta Ghosh

Clubhouse downsizes during strategic U turn

As part of a restructuring and reconsideration of the company's direction, Clubhouse, a social network featuring audiobroadcasts, has laid off some of its employees, reports Bloomberg.
Published on June 7, 2022
By Iris Barker

EU Agreement On A Single Mobile Charging Port Is Expected On June 7

Governments of the European Union and parliamentarians of the bloc are poised to agree on a standard charging port for mobile phones, tablets, and headphones in a meeting on June
Published on June 4, 2022
By Debdutta Ghosh

Founder of Uniqlo becomes Japan’s richest businessman

The founder of Uniqlo returned to the position of Japan's richest businessman, according to American Forbes.
Published on June 2, 2022
By Iris Barker

Musk raises investors funding for Twitter deal to $33.5B

The founder and CEO of Tesla and SpaceX has again changed his plans to fund the Twitter deal.
Published on May 26, 2022
By Iris Barker

One of Tesla’s biggest investors calls for Tesla share buyback

Billionaire Leo KoGuan, one of Tesla's largest private investors, has demanded that the company purchase back its assets from shareholders to compensate them for the share price drop caused by…
Published on May 20, 2022
By Iris Barker

Goldman Sachs to reopen Monaco office for wealthy clients

Goldman Sachs, the investment bank serving the world's wealthiest people, will return to Monaco after six years.
Published on February 17, 2022
By Iris Barker

Microsoft cancels mandatory remote working for employees

Microsoft will open its offices in Washington state beginning in late February and allow employees to return to work, according to the company's official blog.
Published on February 15, 2022
By Iris Barker

Emission Tests For Hybrid Cars To Be Made Stricter By The European Union: Reports

After complaints that existing testing generates readings up to four times lower than real-world emissions, the European Union plans to toughen its method for measuring carbon dioxide emissions from plug-in
Published on February 6, 2022
By Debdutta Ghosh

Meta loses 36 positions in the ranking of the best US employers

Meta (formerly Facebook) has fallen 36 places in a year on Glassdoor, a recruitment service based on employee feedback, in its ranking of the best employers in the US. Employees…
Published on January 13, 2022
By Iris Barker

China Cancels More Flights From The US Over Covid Scare

After a spike in passengers testing positive for Covid-19, China ordered the cancellation of six more US flights in the coming weeks on Wednesday, bringing the total number of cancellations
Published on January 12, 2022
By Debdutta Ghosh

Wall Street companies to delay return to offices

Wall Street companies have been forced to reconsider plans to return to the office amid the spread of the omicron, Reuters learned. The financial industry has been aggressively pushing for…
Published on December 24, 2021
By Iris Barker

Former McKinsey partner confesses to insider trading

Puneet Dikshit, a former McKinsey partner, admitted in court that he traded shares in online lender GreenSky with access to crucial non-public information. On September 15, it was revealed that…
Published on December 16, 2021
By Iris Barker

The EU Wants A 9-Month Expiration Date For Its Covid-19 Vaccine Passports

The European Union is contemplating extending the validity of its Covid-19 immunization certificates by nine months, allowing tourists to travel with greater freedom while the coronavirus pandemic continues. The European
Published on November 25, 2021
By Debdutta Ghosh

Arabesque Report Finds Substantial Climate Disclosures Being Made By Only 1.2% Of Top Global Firms

Any significant disclosure about the climate risks posed by their business is made by just over one per cent of the five thousand big firms of the world, while no
Published on November 19, 2021
By Debdutta Ghosh

Lyft Revels Its Long-Overdue Safety Report Staing 4,000+ Sexual Assault Cases Were Reported

Between the years 2017 and 2019, Lyft Inc had received complaints of more than 4,000 cases of sexual assault on its ride-hailing network, according to a statement of the company.
Published on October 23, 2021
By Debdutta Ghosh

Bundesbank’s Head steps down

The Bundesbank said that its leading manager Jens Weidmann is expected to resign on 31 December. The news was surprising: according to his contract, Mr Weidmann was expected to keep…
Published on October 21, 2021
By Iris Barker

ASOS chief resigns amid slowing sales

Nick Beighton, CEO of British online clothing and cosmetics retailer ASOS, is stepping down from his post at the company, where he has worked for 12 years, including six years…
Published on October 12, 2021
By Iris Barker

Bank of America to pay $200 to each vaccinated Merrill Lynch employee

Bonuses of $200 will be offered to client relationship partners, administrative support and operational staff at Merrill Lynch Wealth Management, owned by Bank of America. Payments will be given to…
Published on October 7, 2021
By Iris Barker

Ferrari signs contract with former chief designer of Apple

Former Apple design director Jony Ive and his colleague Mark Newson have signed a multi-year collaboration agreement with Ferrari and the Dutch holding company Exor, which partly owns the carmaker.…
Published on September 28, 2021
By Iris Barker

Facebook announces dismissal of its CTO

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.
Published on September 23, 2021
By Iris Barker

ATF: US billionaires earn extra $1.8T during the pandemic

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…
Published on August 27, 2021
By Iris Barker

Citigroup Draws Another Senior Executive From Credit Suisse For Tech M&A Business

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
Published on August 18, 2021
By Debdutta Ghosh

Analysts forecast record 10-year growth in Wall Street bonuses

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.
Published on August 12, 2021
By Iris Barker

Bloomberg: Boeing employees are leaving for SpaceX and Amazon

Thousands of employees of the US aerospace corporation Boeing have left the company amid continuing internal problems, Bloomberg writes.
Published on July 27, 2021
By Iris Barker

Survey: Americans ready to quit their jobs if remote working is abolished

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…
Published on July 25, 2021
By Iris Barker

American Father And Son Sentenced To Prison In Tokyo For Helping Ghosn Escape Japan

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
Published on July 19, 2021
By Debdutta Ghosh

Zara owner explains reluctance to close shops for online sales

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…
Published on July 18, 2021
By Iris Barker

Musk’s fortune grows by $10bn in a week

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…
Published on June 27, 2021
By Iris Barker

Dior owner tops list of world’s richest billionaires

Owner of Dior and Louis Vuitton has overtaken the founder of Amazon to top the list of the world's richest billionaires, updated in real time. His fortune has grown by…
Published on May 24, 2021
By Iris Barker

Power At The Workplace Should Not Be Abused, Says Microsoft CEO Nadella

Executives of companies should not abuse the power that are allocated to them, believes Microsoft CEO Satya Nadella. This was the first comments from a top executive of the company
Published on May 23, 2021
By Debdutta Ghosh

Adidas head expects casual fashion boom once people return to office after COVID

Employees who work from home "in flip-flops and tracksuits" will be difficult to persuade to return to formal wear, says the head of Adidas. He believes that after the pandemic,…
Published on May 9, 2021
By Iris Barker

culture and leadership: The taoïst leader

This article has been written in collaboration with Laurent Chateau (1), specialist in Taoist Leadership ™. This research specifies how the leader of the times to come will need to…
Published on May 4, 2021
By Olivier Meier

New Study Finds 75% Large Listed Companies Short On Their Climate Commitment

According to an analysis conducted by sustainable finance firm Arabesque which focused on the shortcomings of corporate pledges to take action to tackle climate change, less than 25 per cent
Published on April 23, 2021
By Debdutta Ghosh

EU Unveils Rules On ‘Green’ Reporting By Companies And Defends Its Efforts

The decision of the European Union to formulate new regulations that would require companies to show investors how climate change will affect their activities was defended by it on Wednesday
Published on April 22, 2021
By Debdutta Ghosh

Credit Suisse announces management resignation over Greensill and Archegos Capital scandals

Swiss bank Credit Suisse has announced a management reshuffle, a cut in its year-end dividend and the scrapping of bonus payments to its board members. All of these decisions are…
Published on April 6, 2021
By Iris Barker

Google to spend $7bn to create 10,000 jobs in the US

Google will invest $7 billion to expand its business in the United States, The Wall Street Journal reports.
Published on March 18, 2021
By Iris Barker

Britain’s New Proposal To Significantly Change Running And Auditing Of Firms

Following the collapse of retailer BHS and builder Carillion, the British government has proposed to weaken the market dominance of the “Big Four” auditors while making the directors of the
Published on March 18, 2021
By Debdutta Ghosh

Ant Group CEO resigns

CEO of Ant Group has resigned from his position - according to the company, of his own volition. Bloomberg previously reported that employees at Jack Ma's fintech company are leaving,…
Published on March 14, 2021
By Iris Barker

French Supermarket Giant Casino Sued By Indigenous Amazonians For Rainforest Destruction

A lawsuit was filed against the French retailer Casino in a French court by indigenous people from Brazil and Colombia in which they alleged that the retailer was selling beef
Published on March 4, 2021
By Debdutta Ghosh

Blackstone’s chief executive receives over $610M remuneration in 2020

Blackstone Group chief executive and co-founder Stephen Schwartzman received at least $610.5m in dividends and compensation in 2020. This is the largest payout among US private equity fund directors and…
Published on March 1, 2021
By Iris Barker

Walmart to raise employees’ wages to $15 an hour due to COVID-19 pandemic

One of the world's largest retailers, US chain Walmart, has announced its intention to raise salaries for its US employees after a successful financial year.
Published on February 18, 2021
By Iris Barker

Tech Giants Targeted By New Anti-Monopoly Rules In China

The grip of the tech companies of China which is already stringent was strengthened further on Sunday with the country’s market regulator releasing a set of new guidelines related to
Published on February 8, 2021
By Debdutta Ghosh

Amazon’s new head sets to develop its gaming business despite a string of failures

Amazon will continue to develop its Amazon Game Studios (AGS) game division despite a string of failed projects, said Andy Jassy, who will succeed billionaire Jeff Bezos as CEO by…
Published on February 4, 2021
By Iris Barker

BlackRock C.E.O Push Companies Towards Net Zero Transition

Last month, BlackRock had urged companies to “lay out their plans” of reaching “net-zero emissions by 2050”.
Published on February 4, 2021
By Debaleena Bhattacharjee

Tech companies employees name the best country to work in

Employees of global technology companies have named the UK as the best place to work, according to a ranking by online job search site Glassdoor.
Published on January 13, 2021
By Iris Barker

Cvoid-19 Vaccines From Bharat Biotech And Oxford/AstraZeneca Approved In India

In its efforts to launch the one of the biggest inoculation drives of the world, two coronavirus vaccines have been formally approved by the Indian authorities for emergency use. The
Published on January 3, 2021
By Debdutta Ghosh

New Draft Riles By EU For Large Tech Firms Proposed Fines Of 6-10% Of Annual Turnover

The new draft rules for regulating large tech companies drawn up by the European Union will force companies such as Amazon, Apple, Facebook and Alphabet unit Google to potentially change
Published on December 15, 2020
By Debdutta Ghosh

UniCredit CEO’s Uncertain Future Puts Governance Talks On Hold

Mustier puts forth “strict conditions” about any “potential deal”.
Published on November 30, 2020
By Debaleena Bhattacharjee