Firm Management
Xi Jinping's 'Common Prosperity' Plan Forces Hong Kong Employees to Return Their Work Bonuses
Chinese state-backed financial companies in Hong Kong demand employees to return portions of their bonuses, aligning with President Xi Jinping’s ‘common prosperity’ plan to reduce income inequality.
Macy’s Ends Buyout Deal with Arkhouse, Brigade After Talks Deteriorate
The board of the department store Macy’s unanimously decided to terminate its negotiations with Arkhouse Management and Brigade Capital regarding the group’s proposal to acquire the retailer.
Paris Olympics Collaborates With Alibaba's Energy Expert to Reduce Venue's Carbon Emissions
The upcoming Paris Olympics will be using Alibaba’s AI-powered Energy Expert tool to reduce venue emissions, supporting both the Games' sustainability goals and Alibaba’s carbon neutrality targets.
Delta Airlines CEO Blames Fare Discounts for Missing Profit Expectations
Delta Air Lines CEO Ed Bastian calls fare discounting and other pressures a major contributor to missed financial expectations and a 5% drop in Delta's stock price.