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United CEO apologizes for flying private as airline cancels thousands of flights
United CEO apologizes for flying private as airline cancels thousands of flights
United CEO Scott Kirby is apologizing to customers and his own employees after taking a private jet during a week when his airline was canceling thousands of flights.
2023-07-01 07:22
WeWork seeks to regain listing compliance with 1-for-40 reverse stock split
WeWork seeks to regain listing compliance with 1-for-40 reverse stock split
(Reuters) -WeWork said on Friday it would proceed with a one-for-forty reverse stock split to regain compliance with listing requirements,
2023-08-18 21:46
Wind of change picks up for German region's energy sector
Wind of change picks up for German region's energy sector
Residents of the rural Bavarian village of Schnabelwaid have said "yes" to the installation of wind turbines on the hillside next to their community in a rare win for an...
2023-07-26 14:17
Jury awards family $800K in Chicken McNuggets burn case
Jury awards family $800K in Chicken McNuggets burn case
A Broward County jury has awarded a Florida family $800,000 in a civil lawsuit against McDonald's and one of its franchisees after a toddler was burned by hot chicken nuggets.
2023-07-20 08:59
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
Wharton Professor Turned Israel Central Banker Gets Another Term
Wharton Professor Turned Israel Central Banker Gets Another Term
Israeli central bank Governor Amir Yaron is set for another five-year term after finally winning the backing of
2023-11-20 22:45
On Deck for Fed, ECB — Another Dose of Inflation Data: Eco Week
On Deck for Fed, ECB — Another Dose of Inflation Data: Eco Week
Fresh inflation readouts this week will probably feed into expectations of further policy tightening by Federal Reserve and
2023-06-25 04:48
French Inflation Unexpectedly Eases, Despite Jump in Energy
French Inflation Unexpectedly Eases, Despite Jump in Energy
French inflation unexpectedly slowed as smaller price increases for services and manufactured goods offset a government-controlled rise in
2023-09-29 15:48
Study Shows That Additive Manufacturing Reduces Emissions and Conserves Resources in Production for Fashion Footwear
Study Shows That Additive Manufacturing Reduces Emissions and Conserves Resources in Production for Fashion Footwear
MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--Oct 31, 2023--
2023-10-31 20:28
Arm Needed 3,500 Words to Detail Its Risks in China Before IPO
Arm Needed 3,500 Words to Detail Its Risks in China Before IPO
As it seeks to pull off what could the largest initial public offering of the year, Arm Holdings
2023-08-22 13:59
Analysis-Strikes knock another leg out from under Australia’s LNG throne
Analysis-Strikes knock another leg out from under Australia’s LNG throne
By Emily Chow and Yuka Obayashi SINGAPORE/TOKYO Long before labour unrest at liquefied natural gas (LNG) plants threatened
2023-09-15 12:16
Europe's economy has shrunk. For households that are hurting, it's just numbers
Europe's economy has shrunk. For households that are hurting, it's just numbers
The European economy has contracted slightly at the end of last year and beginning of 2023
2023-06-08 17:53