Saturday, 4 May 2024

Business

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Whitewater Unions, and a Toobin-Like Bathroom Mistake

Send questions about the office, money, careers and work-life balance to [email protected]. Include your name and location, or a request to remain anonymous. Letters may be edited. Norma Rae on the River Before the pandemic, I worked in the outdoor adventure industry as a multiday river guide. For many, it’s a dream job — living […]

Tiffany Deal Is a Signature Move by the Sun Tzu of Luxury

The soap opera also known as the largest deal in luxury, the LVMH Moët Hennessy Louis Vuitton-Tiffany acquisition, finally has a happy ending. The two companies originally announced their synergistic engagement in November 2019 only to later engage in months of public mudslinging after the pandemic hit the luxury market and LVMH’s commitment turned wobbly. […]

British Airways owner: Air travel demand unlikely to fully recover before 2023

British Airways owner IAG says demand for air travel is unlikely to fully recover before 2023. International Airlines Group, which also owns Iberia, Aer Lingus and Vueling, was publishing further details of its July-September period on Friday after announcing a worse-than-expected quarterly loss of €1.3bn (£1.17bn) last week. Luis Gallego, who took over as IAG’s […]

Glenn Greenwald Leaves The Intercept, Claiming He Was Censored

The journalist Glenn Greenwald said on Thursday that he was leaving The Intercept, the news website he helped found, claiming that it had refused to publish an article he wrote on Joseph R. Biden Jr. unless he removed sections that were critical of the Democratic presidential nominee. Mr. Greenwald, who is best known for his […]

U.S. economy notches record growth in third quarter

Slideshow ( 2 images )WASHINGTON (Reuters) – The U.S. economy grew at an unrivaled pace in the third quarter as the government poured out more than $3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal. Gross domestic product […]

E tū union blasts Air New Zealand for axing hundreds more cabin crew jobs

A union has blasted further staff cuts at Air New Zealand as ”appalling” at the company which has received hundreds of millions of dollars in taxpayer money this year. Air New Zealand has today confirmed the loss of 385 cabin crew roles that had been under review for the last two months. E tū head […]

J.C. Penney Inks Asset Deal With Landlords, Lenders

The long, painful process of finding a buyer for the bankrupt J.C. Penney Co. Inc. took a big step forward Wednesday evening when the retailer signed an asset purchase agreement with two key landlords and its lenders.  Under the deal, Brookfield Asset Management Inc., Simon Property Group and a majority of the company’s debtor-in-possession and […]

Surge in coronavirus cases set to shake Asian markets

(Reuters) – Asian stocks were set to join a global sell-off on Thursday as worries about surging coronavirus cases in Europe and the United States sent investors scrambling for safe-haven assets.FILE PHOTO: People wearing protective face masks, following an outbreak of the coronavirus disease (COVID-19), look at a stock quotation board outside a brokerage in […]