Exclusive: Tesla makes China boss highest-profile executive after Musk
Tesla Inc’s China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters.
Turnover surges as funds rush to exit private equity stakes
Private equity holdings are being sold at a record clip in an opaque secondary market, investors say, as asset managers cash out to cover losses elsewhere and rebalance portfolios.
Exclusive: Morgan Stanley to slash 2022 banker bonuses in Asia by up to half
Morgan Stanley plans to slash investment bankers’ annual bonuses by as much as 50% in Asia, said two people with direct knowledge of the matter, as the Wall Street firm reins in costs to tackle tough market conditions that have hit its revenue.
Goldman Sachs promotes 80 people to elite partner rank
Goldman Sachs Group Inc promoted 80 bankers as partners of the storied Wall Street firm, up from 60 people in 2020, the company said in a statement on Wednesday.
Apple to raise App Store prices in some countries in Europe, Asia
Apple Inc (AAPL.O) said on Tuesday it will raise prices of apps and in-app purchases on its App Store from next month in all of the euro zone and some countries in Asia and South America.
Exclusive: German economy ministry reviews measures to curb China business
Germany’s economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency on Asia’s economic superpower, two people familiar with the matter told Reuters.
GLOBAL ECONOMY Factories squeezed by higher prices, weak demand
Factories across Asia and Europe struggled for momentum in July as flagging global demand and China’s strict COVID-19 restrictions slowed production, surveys showed on Monday, likely adding to fears of economies sliding into recession.
Stocks make recovery bid, hemmed in by weakening world economy
World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn, even though the growth concerns were fanned further by data showing a sharp slowdown in China.
Online assessment and benchmarking tool for geoscientists establishes a worldwide audience
A UK-developed online self-assessment tool which benchmarks individuals’ skills and identifies skills gaps within the international operational geoscience community, is establishing a worldwide presence within nine months of its launch.
World stocks skid as consumer data flashes recession worry
Global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession.
