The chief executive of Goldman Sachs says it’s “great” a group of young analysts raised concerns about working conditions at the investment firm. A group of 13 US employees mocked…
Category: Business News
China: Biggest car brand launches rival to Tesla
China’s biggest carmaker Geely is launching a premium electric car brand it hopes will take on Tesla. The Chinese company, which owns Volvo and Lotus, announced its Zeekr brand on…
Egypt: Suez Canal blocked by large container ship
Egypt’s Suez Canal has been blocked by a large container ship that ran aground while turning in the narrow channel, vessel tracking sites show. Several tug boats were deployed to…
France: Ikea on trial for snooping on staff and customers
The French subsidiary of Ikea will go on trial on Monday over allegations that it snooped on employees and customers by using private detectives and police officers. Ikea France will…
Saudi Arabia: Aramco’s profits slide nearly 45% after lower oil demand
The oil giant Saudi Aramco has announced that its profits fell sharply last year as lockdowns around the world curbed demand for oil. Earnings in 2020 fell by nearly 45%…
China: Elon Musk denies Tesla cars are used for spying in China
Elon Musk, the chief executive of the US electric carmaker Tesla, says his firm would be “shut down” if its vehicles were used for spying on China. His comments came…
Asia: China and Taiwan face off in pineapple war
It could be the world’s most heated dispute over pineapple, even eclipsing the interminable debate about whether or not it belongs on pizza. Last month, China banned Taiwanese pineapple imports,…
USA: Donald Trump’s wealth takes tumble during presidency
Donald Trump’s net worth dropped by about $700m to $2.3bn (£1.65bn) during his time as president, according to the Bloomberg Billionaires Index. The Covid-19 pandemic hit his fortunes hard, with…
China: Tycoon abruptly quits tech giant he founded
Colin Huang is China’s seventh richest person and is worth more than $50bn from his stake in the online firm. The founder of high-flying Chinese e-commerce group Pinduoduo has stepped…
USA: Burnt-out Goldman Sachs bankers ask for 80-hour week cap
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…