Antonio Horta-Osorio, the chairman of global banking behemoth Credit Suisse, has resigned with immediate effect after violating Covid-19 quarantine restrictions. Horta-Osorio had only been with the bank for nine months and he quit her job after an internal probe. After a series of crises at Credit Suisse, the former CEO of Lloyds Banking Group had…
While it waits for the construction of its long-delayed U.K. headquarters to be completed, Google has purchased a bright office space in London for $1 billion. The internet behemoth revealed on Friday that it has purchased the entire Central St. Giles building in London’s West End, where it already has a number of floors. Google…
According to British Petroleum, its quick electric vehicle charges are about to become more profitable compared to filling up a gasoline automobile. The achievement will be significant for BP, which is looking to diversify its business away from oil and towards power markets and electric vehicles (EV). EV charging has been a loss-making business for BP…
According to a research, North Korean hackers stole about $400 million in digital assets through as many as seven attacks on cryptocurrency platforms last year. Cyber-criminals in the secretive east Asian country had one of their most successful years on record for hacking last year, according to blockchain analysis firm Chainalysis. Investment firms and centralised exchanges were the…
As many as 44 million used of Facebook in the United Kingdom could share £2.3 billion in damages, according to a competition expert planning to sue Facebook’s parent company Meta. Meta “abuses its market dominance,” according to Dr. Liza Lovdahl Gormsen, by charging an “unfair price” for free use of personal data of users of Facebook’s…
The cruise company that is currently in a lot of financial trouble, Genting Hong Kong, witnessed its stock drop by more than 50 per cent following the firm announcing that it might not be able to fulfill its debts and other obligations. After a four-day hiatus, trading resumed on Thursday. “There is no certainty that the Group will…
A leading Chinese consumer organization has called for a boycott of a KFC meal offer, claiming that the deal that the company was offering for its customers promotes food waste. According to the China Consumer Association (CCA), the promotional offer from the company caused some buyers to go on a shopping spree and purchase more meals…
Online sales during the holiday season rose nearly 9% to a record $204.5 billion, Adobe Analytics said Wednesday, as consumers opened up their wallets to spend on gifts for family, friends, and for themselves. But the uptick in sales was driven, in part, by higher prices on goods from apparel to groceries to appliances, said…
Starbucks Corp said that its expenditure with suppliers and vendors from underrepresented groups in North America will nearly treble to $1.5 billion by 2030. Starbucks’ chief global inclusion and diversity officer, Dennis Brockman, says the firm can utilize the global supply chain disruption caused by Covid-19 to improve diversity. “This will give us an opportunity…
Philips shares fell more than 11 per cent on Wednesday morning after the Dutch health technology giant raised the cost of its major ventilator recall and warned that worldwide supply chain constraints would hurt earnings. As it continued to struggle for memory chips and other supplies, the hospital equipment and personal health device supplier said it…
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