Sunday, 13 Jun 2021

Business

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Why it is important to take breaks from work

(NYTIMES) – It’s probably never been easier to acknowledge that a lot of us work too much and too hard, and should take more time off. Indeed, the very idea of burnout seems to be having a cultural moment. “If you think you’re burned out, you’re burned out. And if you don’t think you’re burned […]

In Defense of SPACs

These complex takeover vehicles serve an important purpose that’s worth protecting. By Steven Davidoff Solomon The DealBook newsletter delves into a single topic or theme every weekend, providing reporting and analysis that offers a better understanding of an important issue in the news. If you don’t already receive the daily newsletter, sign up here. Special […]

Sean Keane: What does it really mean when money’s ‘on sale’?

OPINION: Interest rate reductions are all about bringing demand forward. That is the core purpose of central bank rate cuts. When a central bank reduces interest rates, it is trying to trigger consumption and investment today rather than waiting for it to happen tomorrow. The objective currently is for this pull forward in economic activity […]

White House says G7 leaders will endorse proposed 15% global minimum corporate tax

U.S. President Joe Biden walks with Italian Prime Minister Mario Draghi, France’s President Emmanuel Macron and European Commission President Ursula von der Leyen after posing for the G-7 family photo with guests at the G-7 summit, in Carbis Bay, Cornwall, Britain June 11, 2021. Patrick Semansky/Pool via REUTERSWASHINGTON (Reuters) – G7 leaders meeting in Britain […]

With Start of Hurricane Season, It’s Time to Consider Flood Insurance

This year’s hurricane season began early, with a named storm forming before the official start on June 1, and it is expected to be active. If you lack flood insurance, especially if you live near the coast, this is the time to consider it. Standard homeowner insurance policies don’t cover damage from flooding, so you’ll […]

European shares hit record high, bond yields fall as inflation fears ease

LONDON/SHANGHAI (Reuters) – Shares gained on Friday and bond yields fell from the United States to Europe as investors shrugged off rising U.S. consumer prices, even as fears of longer-term inflation lingered.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 10, 2021. REUTERS/StaffThe Euro STOXX […]

China property giant assures investors, customers amid reports of financial woes

BEIJING – Evergrande Group, the second largest property developer in China, has sought to assure customers and investors that it is business as usual, following recent news reports that the company is in deep financial woes. On Monday (June 7), the group posted on its website that it had offered discounts on some of its […]

New Round of Funding Brings Klarna to $45.6 Billion Valuation

Klarna’s just-revealed $639 million round of funding brings it to a valuation to $45.6 billion, which the company said will help it grow further while also supporting a keystone sustainability program, the GiveOne initiative. GiveOne was established by Klarna earlier this year, and earmarks 1 percent of equity raised to be “directed to initiatives supporting […]

Brewdog ‘sorry’ and vows action as ex-staff claim toxic culture

Brewdog co-founder James Watt has apologised and vowed to “listen, learn and act” after a group of ex-employees joined together to allege a culture of fear at the company. The group, calling itself Punks with Purpose, placed an open letter on Twitter in which they described the craft beer specialist’s atmosphere, since its inception in […]