Credit Suisse took drastic action on Tuesday, replacing two key executives and cutting bonuses amid the fallout from two major business relationships. Its chief risk officer, Lara Warner and its…
Category: Business News
USA: Supreme Court declares Google’s code copying fair
A decade-long battle over copied code in Google’s Android operating system has ended in the US Supreme Court. Oracle, another tech titan, had sued Google in 2010 for copyright infringement…
UK: Bet365 boss earns £469m in a single year
The boss of the gambling firm Bet365 has been awarded one of the biggest pay packets in UK corporate history. The highest paid director of Bet365 Group – believed to…
Egypt: ‘I was blamed for blocking the Suez Canal’
Last month, Marwa Elselehdar noticed something strange. News had broken about a huge container ship, the Ever Given, that had become wedged across the Suez Canal, bringing one of world’s…
USA: Amazon apologises for wrongly denying drivers need to urinate in bottles
Amazon has apologised to a US politician for falsely denying that drivers are, at times, forced to urinate in plastic bottles. Mark Pocan, a Democrat from Wisconsin, referenced Amazon making…
South Korea: $500,000 Graffiti art defaced by spectators at gallery
Graffiti artwork on display in South Korea has been damaged by a couple who thought brushes and paint laid in front of the piece were for visitors’ use. “They thought…
Egypt: Suez Canal traffic jam caused by stuck ship Ever Given ‘cleared’
The last ships stranded by the giant container vessel that was stuck in the Suez Canal have now passed through the waterway, the canal authorities say. More than 400 vessels…
France: Deliveroo April Fools’ joke backfires in France
French Deliveroo customers who received fake bills for hundreds of euros’ worth of pizza have failed to see the funny side of the April Fools’ joke. On 1 April thousands…
USA: Google reopens offices
Google is changing its work-from-home policy as it looks to get more people back into its US offices. The tech firm said employees can work from home overseas for more…
USA: Stock markets hit new records on Biden spending plan
Asian markets rose on Friday following a record-breaking session on Wall Street. The S&P 500 broke the 4000-point barrier for the first time, while the Nasdaq and Dow Jones also…