Firm Management

Xi Jinping's 'Common Prosperity' Plan Forces Hong Kong Employees to Return Their Work Bonuses

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.


Latest News

Chinese Firm Under Fire For Confining Employee in Dark Room to Make Him Resign
Guangzhou Duoyi Network Co. Ltd confined an employee, Liu Linzhu, to a dark room without power or communication for four days to pressure him into resigning.
Microsoft Faces Backlash Over iPhone-Only Policy That Bans China Staff from Using Android Phones
In China, Microsoft employees were banned from using Android phones and were forced to use iPhones only as a device, sparking social media backlash due to overreliance on foreign technologies.
Former SpaceX employee alleges a "frat boy" culture at the company, where colleagues joked about being drunk while overseeing rocket launches and described pervasive casual sexism.
SKOREA-SAMSUNG-STRIKE
Samsung Electronics could potentially be shaken up by workers, represented by the NSEU, going on a three-day strike in South Korea for better pay and conditions.
electric vehicle battery
Major South Korean battery producer SK On is in crisis amid weak electric car sales of its clients in the US and Europe.
OpenAI Hack Exposes Employee Forum, Raises Broader Security Concerns
A major security incident at OpenAI raises significant concerns about the future security and vulnerability of AI companies to foreign infiltration.
Revolut Eyes IPO with Potentially $40 Billion Valuation as CEO Prepares $500M Share Sale
Revolut prepares for a $500 million share sale, potentially valuing the company at over $40 billion, as plans to eventually go public go into motion.
JAPAN-ECONOMY-AVIATION-JAL-RESULTS
Japan Airlines (JAL) and All Nippon Airways (ANA) have implemented strict guidelines to counter rising customer harassment, including sexual harassment, abusive language, physical assault, and indecent behavior.
Sony Cuts Jobs in Optical Media Plant, Phases Out Physical Disc Production
Sony announced that it would phase out recordable disc development and production after cutting up to 250 jobs at its optical media unit in northeastern Japan.
FTC’s Ban on Worker Noncompete Agreements Partially Blocked by US Judge
The FTC’s rule to ban agreements commonly signed by workers not to join their employers’ rivals or launch competing businesses has been blocked by the US District Court.
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