HONG KONG (BLOOMBERG) – Kuaishou Technology, the main rival to ByteDance, has received approval from the Hong Kong stock exchange for an initial public offering of about US$5 billion, according to people familiar with the matter, paving the way for one of the city’s biggest listings of the year. The Tencent Holdings-backed short video startup […]
Anxious about taking a new vaccine and scarred by a history of being mistreated, many frontline workers at hospitals and nursing homes are balking at getting inoculated against Covid-19. Anxious about their patients’ health and scarred by many thousands of deaths in the past year, hospitals and nursing homes are desperate to have their employees […]
Auckland man Adrian Clarke might be New Zealand’s unluckiest cryptocurrency investor. A trio of cryptocurrency misfortunes have cost him somewhere north of $110,000. Earlier this week, the New York Times reported that around one in five Bitcoin wallets, holding some $240 billion in fiat currency, are now inaccessible, mostly due to lost passwords (unlike a […]
The CEO of one of New Zealand’s highest profile cannabis firms quietly resigned from his leadership role at the end of last year. Documents filed with the Companies Office on 21 December last year show that former chief executive Paul Manning’s directorship with the company ended on December 8. Manning’s LinkedIn profile has since also […]
LONDON — Speculation surrounding influencer and filmmaker Margaret Zhang getting the top job at Vogue China has been buzzing in New York and Beijing for the past few days. Influencer Bryan Boy tweeted Wednesday to congratulate Zhang’s potential appointment. “Congratulations Margaret Zhang — if she is the new Vogue China Editor in Chief!” he said, […]
Automakers braced for turmoil when the pandemic hit. They expected supply chain disruptions and plummeting sales. But they never figured that a year later one of their biggest problems would be PlayStations. Strong demand for gaming systems, personal computers and other electronics by a world stuck indoors has sucked up supplies of semiconductors, forcing carmakers […]
According to the Robert Shiller “crash confidence index”, more investors today fear a repeat of the Great Crash of 1929 than at any stage since the survey began. The Yale professor’s “cyclically adjusted price to earnings” ratio similarly judges US stock market valuations to be higher than at any time since the dot.com bubble at […]
Nearly a month after The New York Times announced that the 2018 podcast “Caliphate” did not meet its journalistic standards, a public radio association has accused The Times of committing ethical lapses in its efforts to make amends. The Public Radio Program Directors Association, which represents executives at public media outlets across the country, sent […]
Tonya Hughes, a single mother in Rockville, Maryland, and a longtime substitute teacher, hasn’t worked since March 13, when her state first announced shutdowns because of the coronavirus. Previously, she’d worked for 10 years as a substitute, making about $18 an hour. Now, like so many women around the country, Hughes is at home with […]
FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren(Reuters) – Citigroup Inc reshuffled the leadership in for its U.S. consumer bank on Tuesday, according to a memo seen by Reuters. Gonzalo Luchetti, who most recently led the consumer bank […]