Amazon founder and former CEO Jeff Bezos, 60, has long made the news about his unusual requirements from employees, and this time, another source revealed that the multi-billionaire always ensured that a chair was kept empty during all meetings. The reason? To represent end-customers at the table, as per a report by Unilad Tech. The…
The chip giant Intel could be at a crossroads as it figures out its next steps amid its declining valuation and struggling business. Chip and wireless communications competitor Qualcomm approached Intel about a takeover deal, the Wall Street Journal reported Friday. And on Monday, Intel CEO Pat Gelsinger sent out an email announcing “the next…
China’s air quality is improving as industrial activity declines and its power and transportation sectors speed up decarbonization efforts. Concentrations of small airborne particulates fell 2.9% over the first half of 2024 from the same period the year before, the Finland-based Centre for Research on Energy and Clean Air said in a report. The air…
WASHINGTON (AP) — President Joe Biden said Thursday the Federal Reserve’s decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump’s economic policies as a failure in the past and sure to “fail again” if revived. “Lowering interest rates isn’t a declaration of victory,” Biden told…
There are a lot of odd things that Jeff Bezos does, but he’s the second richest man in the world for a reason. Amazon’s executive chair always made sure to have an empty seat in his meetings, and while it might sound bizarre to you and me, there was clearly method to his madness. Since…
Good afternoon. Here’s what you need to know to end your day. Stocks in Asia rallied after the Fed opted for an outsized rate cut to ensure a soft landing, while a gauge of regional currencies rose to a 14-month high. The Nikkei 225 climbed more than 2% as the yen slid. Source link
It’s 1 a.m. and Thomas Wu is riding his bike on the empty streets of Shanghai. The 43-year-old insurance executive has had another meltdown. Wu’s pay has been slashed by 20% in a nationwide push to lower salaries at state-owned finance companies. He frets about layoffs and wonders how he’ll find 600,000 yuan ($84,500) to…
BEIJING — China on Wednesday announced sanctions on American companies selling arms to the self-ruled island of Taiwan, which Beijing claims as its own territory and threatens to annex by force. Chinese state media made the announcement, citing the Foreign Ministry, but gave no details on the companies involved. Taiwan is awaiting deliveries of F-16…
Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Now that European Commission President Ursula von der Leyen has laid out her ambitious restructuring of the EU executive arm, she must overcome the challenge of parliamentary hearings in the coming weeks. One that might give…
The Hong Kong Police Force on Monday defended an officer’s decision to open fire on a man who charged at them with weapons in both hands after a report of domestic violence at a North Point flat. The force said officers were called to Kam Ping Mansion at around 9 pm yesterday about a domestic…