First-year bankers at investment bank Goldman Sachs have warned that they might quit unless their gruelling working conditions improve. An internal survey among 13 employees showed they averaged 95 hours…
Category: Business News
Italy: Lamborghini’s profits soar during Covid
Lamborghini had its most profitable year ever in 2020, despite a two-month shutdown of its Italian factory during the pandemic. “We were surprised,” said chief executive Stephan Winkelmann. While sales…
Taiwan: Dozens change name to ‘salmon’ to get sushi deal
Dozens of people in Taiwan have changed their names to “salmon” to take advantage of a restaurant’s sushi promotion deal. Officials have issued a plea asking people to stop visiting…
UK: 5G auction to boost mobile speed and coverage
The auction of the airwaves that will create faster mobile services for rural areas and hasten the rollout of 5G has ended, with all four operators pleased with their haul.…
UK: Bitcoin ad banned for ‘misleading pensioners’
An ad for a cryptocurrency exchange has been banned for “irresponsibly” promoting investments in Bitcoin. The Advertising Standards Authority (ASA) said the campaign had targeted pensioners who were “unlikely to…
USA: Intel buys time with ‘retrofit’ Rocket Lake desktop PC chips
Intel has launched its latest desktop PC chips having had to retrofit some of its recent semiconductor designs to work on older transistor tech to deliver the processing power required.…
Italy: Eni and Shell acquitted by Italian court over corruption case in Nigeria
An Italian court has cleared two global oil giants, Eni and Shell, over allegations of corruption in Nigeria. The long-running case centred around the $1.3bn (£936m) purchase of an offshore…
UK: Aston Martin’s electric sports models to be made at Gaydon plant
Luxury car giant Aston Martin has pledged to manufacture all of its electric cars in the UK from 2025. As first reported in the Financial Times, owner Lawrence Stroll said…
South Korea: Samsung warns Galaxy Note may be delayed due to chip shortage
Samsung, the world’s biggest computer-chip manufacturer, has warned of a “serious imbalance” in the semiconductor industry, as global shortages cause disruption. And as a result, it might delay the next…
EU: French glue-trapping of birds not allowed, says EU court
The controversial practice of trapping birds on glue-covered twigs cannot be allowed even as a tradition, the European Court of Justice has ruled. French hunters were told to suspend glue-trapping…