List of All Articles with Tag 'business'

Thailand plans to promote the use of yuan and other Asian currencies in trade and investments to curb

KKR & Co. has lined up debt financing from a group of banks led by Jefferies Financial Group

China last week unleashed some of its strongest criticism against Russia since Vladimir Putin invaded Ukraine. Yet any

Japanese online lender Rakuten Bank Ltd. says it’s better positioned than rivals to enjoy a profit boost when

Coinbase Global Inc. is offering to buy back some of its outstanding junk bonds as the world’s largest

Palantir Technologies Inc. raised its forecast for adjusted profit in 2023 and authorized a $1 billion share buyback

Proterra Inc., which makes heavy-duty electric vehicle components like chargers and batteries, filed for bankruptcy on Monday. The

Starwood Property Trust Inc. says a debt sale at a discount is a possible option for money tied

Private equity firm Advent International is nearing a deal to acquire Zimmermann in a transaction valuing the Australian

Beyond Meat Inc. fell in late trading after the plant-based burger company said it’s unlikely to hit its

It was arguably the mass shift to remote working sparked by coronavirus lockdowns which saw Zoom rapidly become a household name – but now, three years later, even the tech giant itself is extolling the benefits of a physical office. The videoconferencing firm has now told employees who live within 50 miles of an office that they should commute in at least two days each week, in a plan due to come into force over the course of the next two months. The move to what Zoom calls a “structured hybrid approach” will impact thousands of employees at 12 offices across the world, including in the UK. A spokesperson said: “We believe that a structured hybrid approach – meaning employees that live near an office need to be onsite two days a week to interact with their teams – is most effective for Zoom. “As a company, we are in a better position to use our own technologies, continue to innovate, and support our global customers. “We’ll continue to leverage the entire Zoom platform to keep our employees and dispersed teams connected and working efficiently. Additionally, we will continue to hire the best talent, regardless of location.” The company was reported to have nearly 8,500 employees at the end of 2022, but like several other big tech companies was forced to let go 15 per cent of its staff in February, amounting to some 1,300 employees, as chief executive Eric Yuan took a 98 per cent pay cut. Zoom went from having 10 million daily meeting participants in 2019– a measure which fails to account for whether one person attends multiple meetings – to 300 million the following year, as social and working lives were pushed further online by health restrictions to curb the spread of Covid-19. But the tech firm has taken a hit amid a push by many firms to get employees back into offices, with its share price falling from a high of $559 in October 2020 to $68, lower than they were prior to the pandemic. Mr Yuan faced a series of questions from employees who expressed frustration about the time and money they’d waste while commuting, during a tense meeting about the new hybrid policy last week, one employee who was present told the New York Times. The company currently employs more than 200 people at its UK office, and has this week opened a new office space in central London, which is being billed as “laying down the foundations for Zoom as a successful hybrid business”, according to The Times. Read More Young people are sick of working hard for no money – and are using social media to vent The pandemic missing: The kids who didn’t go back to school Amazon, Microsoft and Google investigated by Ofcom over ‘competition concerns’ Breaking the office bias: smashing the stereotypes holding women back

In his four and a half years in office, Mexican President Andres Manuel Lopez Obrador has placated Pemex