HSBC has taken a drastic approach to cost-cutting under its new chief executive, Georges Elhedery, by terminating investment bankers on the day they were scheduled to receive their bonus figures—without awarding them
HSBC, Europe’s largest bank, is facing a costly dilemma over office space after pandemic-era downsizing left it short of desks for a workforce now being urged back into the office. The bank,
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Smith, who only stepped down as FedEx’s chief executive in 2022, remained executive chairman of the company he established in 1973 with just 14 Dassault Falcon 20 jets. Over the course of
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Spotify co-founder Daniel Ek is making waves far beyond the world of music streaming, spearheading a €600 million investment in Helsing, a German defence tech company now valued at €12 billion. The
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Silver and platinum prices are surging as investors increasingly seek alternatives to gold and protection against a weakening US dollar, according to a report by the Financial Times. With gold up 25%
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Apple is grappling with mounting internal and external challenges as it scrambles to deliver long-promised upgrades to Siri, its voice assistant, ahead of next week’s Worldwide Developers Conference (WWDC). The delays have
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The explosive growth of the opaque private credit industry may be laying the groundwork for the next global financial crisis, according to a major new study involving researchers from Moody’s Analytics, the
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Warren Buffett, the legendary investor who transformed Berkshire Hathaway into one of the world’s most valuable companies, has announced that he will step down as the company’s CEO at the end of
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Global Payments has agreed to acquire rival payment processor Worldpay in a $24.2 billion cash-and-stock transaction, marking one of the most significant deals in the fintech sector this year. The agreement comes
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by Durga Tejvan Pettinger’s Economics: 50 Essential Ideas offers a compact yet incisive look at some of the most significant economic theories, bringing them to life with historical context, real-world applications, and
More HSBC has taken a drastic approach to cost-cutting under its new chief executive, Georges Elhedery, by terminating investment bankers on the day they were scheduled to receive their bonus figures—without awarding them
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