AstraZeneca’s CEO was the highest paid executive in Britain in 2020, earning £15.45 million for his part in delivering a coronavirus vaccine that has been administered tens of millions of times already this year. New analysis by the High Pay Centre think tank shows that the median FTSE 100 CEO was paid £2.69 million in 2020, 86 times the […]
BEIJING (BLOOMBERG) – Government-backed investors will recapitalise China Huarong Asset Management after the bad-debt manager posted a record US$15.9 billion (S$21.6 billion) loss, ending months of speculation over whether Beijing would deem the troubled financial giant too big to fail. The rescue package unveiled on Wednesday (Aug 18), while thin on official details, suggests Chinese […]
BEIJING (BLOOMBERG) – Government-backed investors will recapitalise China Huarong Asset Management after the bad-debt manager posted a record US$15.9 billion (S$21.6 billion) loss, ending months of speculation over whether Beijing would deem the troubled financial giant too big to fail. The rescue package unveiled on Wednesday (Aug 18), while thin on official details, suggests Chinese […]
Rising housing costs likely contributed to an increase in the number of workers along the northern Front Range with grueling commutes of 90 minutes or more each way, and their share is likely to keep growing in the future, according to a new report from Apartment List. Those workers are called “super commuters,” but the […]
HONG KONG (REUTERS) – Binance said on Wednesday it had appointed a former U.S. Treasury criminal investigator as its global money laundering reporting officer, part of an attempt by one of the world’s largest crypto exchanges to reinvent itself as a regulated financial firm. Governments and financial watchdogs are paying closer attention to the cryptocurrency […]
OPINION Like the vast majority of people, the camera on my smartphone is what I use to take the majority of my photos and videos. The reason for that is simple: the multi-camera systems on the likes of Apple’s iPhone 12 Pro Max and Xiaomi Mi 11 Ultra provide excellent results in most lighting conditions. […]
The official cash rate remained unchanged, Fletcher Building and Ebos Group produced strong results, and the New Zealand sharemarket surged more than half a per cent in busy trading on the first day of the latest nationwide lockdown. After falling sharply in the morning to an intraday low of 12,557.09, the S&P/NZX 50 Index rebounded […]
Qantas is joining a growing number of airlines that will require all staff to be fully vaccinated against Covid-19. Frontline employees – including cabin crew, pilots and airport workers – will need to be fully vaccinated by November 15 ad the remainder of employees by March 31 next year. There will be exemptions for those […]
WASHINGTON (Reuters) – U.S. retail sales fell more than expected in July as shortages depressed motor vehicle purchases and the boost to spending from the economy’s reopening and stimulus checks faded, suggesting a slowdown in economic growth early in the third quarter. The weak sales reported by the Commerce Department on Tuesday also reflected a […]
(Reuters) – U.S. stock index futures fell on Tuesday ahead of data that is likely to show the pace of the U.S. economic recovery slowed, while Home Depot kicked off the retail earnings season on a dour note.FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New […]