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Asian shares weaken on global growth concerns, Japan outperforms
Asian shares weaken on global growth concerns, Japan outperforms
By Stella Qiu SYDNEY Most Asian share markets were subdued on Friday and the dollar held onto its
2023-05-12 14:29
Tesla's Autopilot driver-assist system gets closer look as US seeks details on recent changes
Tesla's Autopilot driver-assist system gets closer look as US seeks details on recent changes
U.S. automobile safety regulators are zeroing in on changes that Tesla has made to its Autopilot partially automated driving system including how it makes sure drivers pay attention and how it detects and responds to objects
2023-07-06 19:59
Shopify Falls on Investor Growth Concerns Despite Revenue Beat
Shopify Falls on Investor Growth Concerns Despite Revenue Beat
Shares of Shopify Inc. dropped as investor concerns about long-term growth outweighed the Canadian e-commerce platform’s outlook for
2023-08-04 03:23
Orange Faces EU Warning Shot Over $19 Billion Masmovil Deal
Orange Faces EU Warning Shot Over $19 Billion Masmovil Deal
Orange SA’s $19 billion bid to combine its Spanish operations with Masmovil Ibercom SA is under threat from
2023-06-19 18:49
New Zealand Seen Dodging Recession on Tourism, Cyclone Rebuild
New Zealand Seen Dodging Recession on Tourism, Cyclone Rebuild
New Zealand will avoid a recession as more tourist arrivals, cyclone recovery and government spending support growth, according
2023-05-18 11:53
South Korea think-tank raises inflation forecast on higher energy prices
South Korea think-tank raises inflation forecast on higher energy prices
SEOUL A South Korean government think-tank revised its annual inflation projection upwards on Thursday, citing the recent rise
2023-08-10 11:28
Yellen Eyes China De-Escalation But Lifting Tariffs ‘Premature’
Yellen Eyes China De-Escalation But Lifting Tariffs ‘Premature’
Treasury Secretary Janet Yellen said she believes the US should look for ways to further “de-escalate” tensions with
2023-07-16 14:25
Singapore Orders Review After Outcry Over Ministers’ Home Rents
Singapore Orders Review After Outcry Over Ministers’ Home Rents
Singapore Prime Minister Lee Hsien Loong ordered a review after questions were raised in parliament and on social
2023-05-23 18:50
Asia airlines brace for cost hit, slow return of Chinese fliers - industry execs
Asia airlines brace for cost hit, slow return of Chinese fliers - industry execs
By Chen Lin SINGAPORE Asia-Pacific airlines face headwinds from rising fuel prices and high inflation, industry executives said
2023-11-10 17:27
Introducing “Nada Yada Yada”: Metro by T-Mobile's BS-Free Promise
Introducing “Nada Yada Yada”: Metro by T-Mobile's BS-Free Promise
BELLEVUE, Wash.--(BUSINESS WIRE)--Aug 22, 2023--
2023-08-23 02:21
Elon Musk calls working from home ‘morally wrong’
Elon Musk calls working from home ‘morally wrong’
Elon Musk faced backlash for arguing that people who worked from home were “morally wrong” because it was unfair to those who could not work remotely. In an interview with CNBC’s David Faber on Tuesday, Mr Musk described the people working remotely as “laptop classes”, saying that the issue extended beyond productivity concerns. He likened the concept of working from home to a quote often attributed to Marie Antoinette, the last queen of France before the French Revolution. “I think that the whole notion of work from home is a bit like the fake Marie Antoinette quote, ‘Let them eat cake’,” Mr Musk said. “It’s not just a productivity thing. I think it’s morally wrong.” Mr Musk criticised the hypocrisy of expecting service industry workers to go to work while others had the privilege of working from home. “Get off the goddamn moral high horse with the work-from-home bulls**t,” he said. “People building the cars, servicing the cars, building houses, fixing houses, making the food, making all the things that people consume. It’s messed up to assume that, yes, they have to go to work, but you don’t” he said. “It’s not just a productivity thing, I think it’s morally wrong.” The tech mogul has been a fierce advocate of return-to-office policies. He imposed a strict policy in Tesla in June 2022, warning employees that they would lose their jobs if they did not comply. The policy required employees to spend a minimum of 40 hours in the office a week and anything less would be “phoning it in”. “The laptop class is living in la-la land,” he said. Mr Musk’s comments on work-from-home culture generated a divided response on the internet, with many lashing out at him. “Being one of the world’s richest man, @elonmusk sounded tone deaf when he himself expects ppl to eat cake rather than share his wealth. @davidfaber just sounds like a boomer with his ‘productivity’ whining. Ppl are as productive and engaged working from home - if not more,” a Twitter user said. Another user, Lora Kolodny, pointed to another CNBC report which said Tesla will carve out deals for “exceptional” employees amid the company’s hardline policy to return to work. The report, which cited sources, said Tesla was struggling to bring all its employees back to the office due to a lack of resources. “Uhhh - REALLY!? Because as far as I know, Tesla and Twitter under Musk’s management will grant ‘exceptional’ employees right to work from home. Memba this?” Ms Kolodny said. In the hour-long interview, Mr Musk also said he did not care for the consequences of his unfiltered and unabashed views on Twitter even if it meant incurring financial losses. “I’ll say what I want to say, and if the consequence of that is losing money, so be it,” he said. He added that Twitter will attempt to rehire some of its staff after dramatically firing employees following his controversial takeover of the microblogging platform. He acknowledged that the job cuts were too deep. “Desperate times call for desperate measures… Unfortunately, if you do it fast, there are some babies who will be thrown out,” Mr Musk said, adding there is a possibility of rehiring people who were let go. Read More Lawsuit filed against Twitter, Saudi Arabia; claims acts of transnational repression committed Elon Musk subpoenaed by US Virgin Islands in Jeffrey Epstein lawsuit Linda Yaccarino: How Elon Musk may have hired his biggest critic to head Twitter AI pioneer warns UK is failing to protect against ‘existential threat’ of machines Elon Musk announces Linda Yaccarino as new CEO of Twitter How Elon Musk may have hired his biggest critic
2023-05-17 13:54
‘Insidious 5’ topples 'Indiana Jones' before ‘Mission: Impossible’ launches
‘Insidious 5’ topples 'Indiana Jones' before ‘Mission: Impossible’ launches
Indiana Jones’ reign atop the box office was short-lived
2023-07-09 23:54