In a bid to claw back $2.15 billion, the struggling pharmaceutical giant Bayer CEO is doing away with middle managers and 99% of the company’s 1,362-page corporate handbook, allowing nearly 100,000 employees to self-manage. Bayer, the 160-year-old German company known for inventing aspirin, has been stuck in a rut; Its market cap has plunged to […]
Thames Water customers could see their bills rise by 40% by 2030, the company’s bosses have warned, because of its high levels of debt. The i reports the firm’s financial woes have raised the prospect of the government taking it into public ownership at a cost to the taxpayer in the billions. [BBC] Thames Water […]
By Sarah Wu BEIJING (Reuters) – Chinese electric vehicle makers made a strong showing at the start of the country’s annual parliamentary meeting on Tuesday, bolstered by official recognition of their growing clout on the world stage as they asked for more regulatory support to become global brands. When Yin Tongyue started Chery Automobile 27 […]
Scottsdale’s city attorney confirmed in a sharply worded letter that an Axon employee had contacted a city planning commissioner’s boss about the official’s opposition to a controversial project. “This type of action tends to raise public concern about the integrity of the city’s public hearing process,” City Attorney Sherry Scott wrote in a letter dated […]
By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) -Citigroup appointed Viswas Raghavan from JPMorgan Chase as its new head of banking, prompting a wave of changes at his previous firm just weeks after he was promoted. Raghavan most recently served as JPMorgan’s head of global investment banking. He is expected to join Citigroup in […]
By Praveen Menon SYDNEY (Reuters) – Australia will introduce laws giving workers the right to ignore unreasonable calls and messages from their bosses outside of work hours without penalty, with potential fines for employers that breach the rule. The “right to disconnect” is part of a raft of changes to industrial relations laws proposed by […]
The chief executives of Meta, TikTok, X and other social media companies are giving evidence before the Senate Judiciary Committee about child safety on their platforms. The hearing comes as US politicians are growing increasingly concerned about the effects of social media on young people’s lives. While Meta chief executive Mark Zuckerberg is a veteran […]
The chief executives of Meta, TikTok, X and other social media companies are giving evidence before the Senate Judiciary Committee about child safety on their platforms. The hearing comes as US politicians are growing increasingly concerned about the effects of social media on young people’s lives. While Meta chief executive Mark Zuckerberg is a veteran […]
The chief executives of Meta, TikTok, X and other social media companies are giving evidence before the US Senate Judiciary Committee on Wednesday about child safety on their platforms. The hearing comes as US politicians are growing increasingly concerned about the effects of social media on young people’s lives. While Meta chief executive Mark Zuckerberg […]
Starting a career has increasingly felt like a rite of passage for Gen Z and Millennial workers struggling to adapt to the working week and stand out to their new bosses. But it looks like those bosses aren’t doing much in return to help their young staffers adjust to corporate life, and it could be […]
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup CEO Jane Fraser held a conference call on Thursday with managing directors to discuss the bank’s sweeping overhaul, according to two sources familiar with the situation, as it eliminated more leadership roles this week. In separate conversations, managers in markets, risk and investment banking were informed they were […]
By Tatiana Bautzer NEW YORK, Jan 18 (Reuters) – Citigroup CEO Jane Fraser held a conference call on Thursday with managing directors to discuss the bank’s sweeping overhaul, according to two sources familiar with the situation, as it eliminated more leadership roles this week. In separate conversations, managers in markets, risk and investment banking were […]