Tuesday, 26 Nov 2024

Business

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Alibaba Suspends Executives After Rape Accusation

China’s e-commerce giant, Alibaba Group, said on Sunday that it had suspended several executives after one of its employees accused her boss of raping her on a work trip. The suspension came hours after one of its female employees published an essay on the company’s intranet service in which she said her boss raped her […]

Freight at the centre of a storm that threatens entire global economy

An international superstar visited Britain last Tuesday. The Ever Given, a 400m-long container ship that rose to global renown when it became stuck in the Suez Canal, blocking the crucial waterway for almost a week, docked at Felixstowe in Suffolk in the mid-afternoon on Tuesday – around four months late. About 2,000 containers were lifted […]

Warren Buffett's Berkshire Hathaway recovering from coronavirus woes

FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company’s annual meeting in Omaha May 4, 2013. REUTERS/Rick Wilking/File Photo(Reuters) -Warren Buffett’s Berkshire Hathaway Inc on Saturday reported improved quarterly operating results, as many businesses owned by the billionaire’s conglomerate recovered from the early depths of the coronavirus pandemic. Berkshire’s manufacturing, service […]

S&P 500, Dow close at record highs as solid jobs data boosts cyclicals

(Reuters) – The Dow and the S&P 500 indexes closed at record highs on Friday following a stronger-than-expected jobs report, while investors shrugged off concerns over the Delta variant impacting a nascent economic recovery.FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., […]

Tokyo Was Promised Glory and Riches. It Got an Olympics in a Bubble.

TOKYO — Tokyo’s leaders promised glory and riches when the Japanese capital won its bid to host the 2020 Summer Olympics. Jobs and the economy would grow. The public would rally in support. Japan’s international stature would rise. The Olympics are set to close on Sunday, a year later than planned and far off the […]

Tokyo Was Promised Glory and Riches. It Got an Olympics in a Bubble.

TOKYO — Tokyo’s leaders promised glory and riches when the Japanese capital won its bid to host the 2020 Summer Olympics. Jobs and the economy would grow. The public would rally in support. Japan’s international stature would rise. The Olympics are set to close on Sunday, a year later than planned and far off the […]

United Airlines will require COVID-19 vaccines for all its employees

United Airlines announced Friday that employees will be mandated to get a COVID-19 vaccine, becoming the first major U.S.-based carrier to announce such a requirement. The strict policy details that employees must be vaccinated five weeks after the Food and Drug Administration fully approves a COVID-19 vaccine or five weeks after Sept. 20, whichever comes […]

Kakao Bank becomes S.Korea's biggest lender by market value in stunning debut

SEOUL (Reuters) -Digital lender Kakao Bank Corp made a stellar debut on Friday, surging 75% from its IPO price to become South Korea’s biggest financial services firm by market value.The Kakao Bank app is seen on a mobile phone screen displayed in front of the South Korean digital lender’s website in this illustration picture taken […]