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Uber shares slump on company’s plans to cut spending, treat hiring as ‘privilege’
Uber CEO Dara Khosrowshahi said investor sentiment had changed - Copyright Richard Drew / AP Photo
By Tom Bateman & Reuters • Updated: 10/05/2022 - 09:56
Uber will cut spending and scale back hiring as investors cool on the tech sector, according to an internal email seen by Reuters.
"The least efficient marketing and incentive spend will be pulled back....
Facial recognition company Clearview AI permanently banned from selling data to private companies
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Facial recognition company Clearview AI permanently banned from selling data to private companies
Clearview AI - Copyright Canva
By Jack Ramage • Updated: 10/05/2022 - 21:38
Facial recognition surveillance company Clearview AI has permanently banned most private companies from using its using services following a court settlement filed in the United States on Tuesday.
The US software company brands itself as "the world's largest facial network" holding billions of face photographs...
Crypto exchange Coinbase’s disappointing results do not mean firm faces bankruptcy risk, says CEO
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Crypto exchange Coinbase's disappointing results do not mean firm faces bankruptcy risk, says CEO
File-Coinbase employee Daniel Huynh holds a celebratory bottle of champagne as he photographs outside the Nasdaq MarketSite, in New York's Times Square - Copyright Richard Drew/Copyright 2021 The Associated Press.
By Euronews and Reuters • Updated: 11/05/2022 - 13:59
Coinbase's chief executive said a disclosure in its latest quarterly filing did not indicate the largest US...
Special Report-How Wall Street banks made a killing on SPAC craze
By Jessica DiNapoli
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Posted on May 11, 2022
A Wall St. sign is seen outside the NYSE in New York
NEW YORK (Reuters) – Investment banks have raked in billions of dollars by feeding the frenzy for blank-check companies, and they have done so largely without risking any of their own money on...
Ukraine and Russia: What you need to know right now
By Metro US
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Posted on May 11, 2022
FILE PHOTO: Russia’s attack on Ukraine continues, in Kharkiv
(Reuters) – Ukrainian forces reported battlefield gains on Wednesday in a counterattack that could signal a shift in the war’s momentum, while Kyiv shut gas flows on a route through Russian-held territory, raising the risk of an energy...
Emirates says its Boeing 787 deliveries delayed by at least a year
By Metro US
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Posted on May 11, 2022
FILE PHOTO: The Boeing logo is displayed on a screen, at the NYSE in New York
By Alexander Cornwell
DUBAI (Reuters) -Emirates airline said on Wednesday deliveries of Boeing 787 Dreamliners it has ordered are delayed by at least a year until 2024 and that it...
EU proposes tax incentives for equity financing like those for debt
By Metro US
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Posted on May 11, 2022
One Euro coins are seen in this illustration
BRUSSELS (Reuters) – The European Commission proposed on Wednesday that companies get tax incentives for raising money through share issues in the same way they do when they borrow, allowing to remove the tax bias favouring corporate debt...
Moderna new CFO leaves as former employer launches probe
By Metro US
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Posted on May 11, 2022
Illustration shows Moderna logo
(Reuters) – Moderna Inc said on Wednesday its newly appointed chief financial officer, Jorge Gomez, departed from the drugmaker after his former employer Dentsply Sirona Inc disclosed an internal probe into financial reporting.
Gomez’s appointment was announced in April and came into effect on Monday....
Salary and #EmploymentBenefitsinDoha Qatar
Salary and Employment Benefits in Doha Qatar what you should know as an expat
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Coat of arms of Qatar
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Salaries in Qatar are more or less similar to that in western nations. But, given the lack of personal taxation, net income is usually higher, and this is one of the major attractions of working in Qatar.
During the past, remuneration packages...
How much salt are you consuming? Everyday foods you didn’t know were packed with sodium
Which Asian sauce or cheese is the saltiest? Can drinking lots of water after eating a bag of chips help? Read on for the answers to your salty questions.
(Photo: iStock/Stefan Tomic)
Khoo Bee Khim
09 May 2022 06:50AM(Updated: 09 May 2022 06:50AM)
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It’s no wonder that Singaporeans are...
Airline body IATA sees industry recovery now in 2023
AFPThe easing of Covid-19 related restrictions around the world has released demand pent up over the last two years when governments shut their borders, leading to a jump in flights.
Published May 9, 2022
Updated May 9, 2022
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RIYADH — The head of the world's biggest airline trade body said on Monday (May 9) passenger traffic...
French court upholds fake-job verdict against former PM Fillon
Monday, 09 May 2022 11:51 PM MYT
Former French Prime minister Francois Fillon (right) and his wife Penelope Fillon arrive at the Paris’ courthouse on June 29, 2020 for the ruling on a trial for embezzlement in the context of an alleged job fraud. — AFP pic
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Manchester and Birmingham airports: Chaos as passengers left to stand for hours in long queues for security
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Manchester and Birmingham airports: Chaos as passengers left to stand for hours in long queues for security
One traveller said he had "never seen it this bad" as images are shared on social media showing people standing in a car park as the queue gets longer and longer.
Kat Storr
News reporter @KatStorrWriter
Monday 9 May 2022 13:23, UK
Image:People had been told to arrive...
P&O Ferries: Dover-Calais boost as Pride of Kent cleared to sail again at fourth attempt
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P&O Ferries: Dover-Calais boost as Pride of Kent cleared to sail again at fourth attempt
It means that P&O should soon be able to operate at around 50% of its usual capacity on the vital cross-Channel route as the bruised company continues its efforts to battle back from the backlash over its mass sackings.
James Sillars
Business reporter @SkyNewsBiz
Monday 9 May 2022 18:26,...