Worker demands for more flexibility and security, bolstered by the pandemic and a tight labor market, are only growing more intense as the world economy reopens and some firms begin trying to pull employees back to offices, payroll provider ADP reported in a survey of nearly 33,000 people worldwide. The survey found that two-thirds of…
Two-Thirds of Workers Might Seek New Jobs If Forced Back to Office: Global Survey
Fed Up With COVID-19 Lockdown, Bankers, Fund Managers Looking to Leave Shanghai
HONG KONG—Finance sector professionals in Shanghai are preparing to move back to Hong Kong and other offshore centers after spending only a few years in the Chinese city as a harsh COVID-19 lockdown has hurt their business prospects and upended daily lives. Thousands of bankers, traders, and investors in the financial hub of the world’s…
Buffett to Auction Off One Last Private Lunch for Charity
OMAHA, Neb.—The world’s most expensive lunch will go on sale again this spring when investor Warren Buffett auctions off a private meal to raise money for a California homeless charity one last time. Buffett, Berkshire Hathaway’s CEO, held the lunch auction once a year for 20 years before the pandemic began to raise money for…
Pfizer Recalls Some Batches of Blood Pressure Drug Over Carcinogen Presence
Pfizer said on April 22 that it was voluntarily recalling five batches of its Accupril blood pressure tablets after finding elevated levels of a potential cancer-causing agent in the medicine. The drugmaker said it was not aware of any reports of adverse events related to the recalled batches, which were distributed in the United States…
Big Business Joins Forces to Bridge Germany’s Growing Skills Gap
BERLIN—Germany’s industrial heavyweights are teaming up to retrain workers in areas such as software and logistics to fill a growing skills gap and avoid layoffs among workers of all ages as the economy shifts to clean energy and online shopping. More than 36 major companies, ranging from auto suppliers such as Continental and Bosch to…
Twitter CEO Set to Receive $42 Million If Terminated After Musk Deal
Twitter Inc. CEO Parag Agrawal would get an estimated $42 million if he were terminated within 12 months of a change in control at the social media company, according to research firm Equilar. On Monday billionaire Elon Musk struck a deal to buy Twitter for $44 billion, ending its run as a public company since…
Australian Regulator Sues Uber for Misleading Fares, Seeks $19 Million Penalty
Australia’s competition watchdog is suing Uber Technologies Inc and seeking a A$26 million ($18.69 million) fine from the ride-hailing platform after it admitted to misleading consumers about ride fare estimates and cancellation fees. The Australian Competition and Consumer Commission (ACCC) on Tuesday said Uber admitted that between December 2017 and September 2021 it warned consumers…
Warner Bros Discovery Adds 2 Million Subscribers in First Quarter
Warner Bros Discovery said on Tuesday it added about 2 million paid streaming subscribers in the first quarter, at a time when industry pioneer Netflix lost subscribers for the first time in more than a decade. In the first set of results from the media giant forged by a $43 billion merger between Discovery Inc….
Decentralized Twitter Spinoff Company Distances Itself From Musk
Bluesky, the project developing a decentralized Twitter Inc. alternative announced in 2019, distanced itself from its parent company after it was acquired by tech tycoon and the world’s richest man Elon Musk. What Happened: In a Monday Twitter thread, Bluesky announced that it wanted to leverage “the surge of interest in Twitter’s future […] to clarify the relationship between Bluesky…
Don’t Be Bearish. The Inevitable End of Bad Advice
Commentary “Don’t be bearish.” That was the message delivered by a “Wall Street Journal” article in August 2021, discussing the “new generation” of “financial media stars.” To wit: “As the U.S. retreated amid the pandemic to its couches, millions of would-be stock pickers—some flush with stimulus cash—fired up social-media and messaging apps and dove headlong into the…
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