US casinos have their best July ever, winning nearly $5.4B from gamblers
Commercial casinos in the U.S. had their best July ever this year, winning nearly $5.4 billion from gamblers, according to a national gambling industry group
2023-09-15 03:56
Pakistan reviews FY2024 budget as last ditch effort to clinch IMF deal
By Asif Shahzad ISLAMABAD Pakistan introduced a number of changes to its fiscal 2024 budget on Saturday, said
2023-06-24 20:27
Elon Musk calls working from home ‘morally wrong’
Elon Musk faced backlash for arguing that people who worked from home were “morally wrong” because it was unfair to those who could not work remotely. In an interview with CNBC’s David Faber on Tuesday, Mr Musk described the people working remotely as “laptop classes”, saying that the issue extended beyond productivity concerns. He likened the concept of working from home to a quote often attributed to Marie Antoinette, the last queen of France before the French Revolution. “I think that the whole notion of work from home is a bit like the fake Marie Antoinette quote, ‘Let them eat cake’,” Mr Musk said. “It’s not just a productivity thing. I think it’s morally wrong.” Mr Musk criticised the hypocrisy of expecting service industry workers to go to work while others had the privilege of working from home. “Get off the goddamn moral high horse with the work-from-home bulls**t,” he said. “People building the cars, servicing the cars, building houses, fixing houses, making the food, making all the things that people consume. It’s messed up to assume that, yes, they have to go to work, but you don’t” he said. “It’s not just a productivity thing, I think it’s morally wrong.” The tech mogul has been a fierce advocate of return-to-office policies. He imposed a strict policy in Tesla in June 2022, warning employees that they would lose their jobs if they did not comply. The policy required employees to spend a minimum of 40 hours in the office a week and anything less would be “phoning it in”. “The laptop class is living in la-la land,” he said. Mr Musk’s comments on work-from-home culture generated a divided response on the internet, with many lashing out at him. “Being one of the world’s richest man, @elonmusk sounded tone deaf when he himself expects ppl to eat cake rather than share his wealth. @davidfaber just sounds like a boomer with his ‘productivity’ whining. Ppl are as productive and engaged working from home - if not more,” a Twitter user said. Another user, Lora Kolodny, pointed to another CNBC report which said Tesla will carve out deals for “exceptional” employees amid the company’s hardline policy to return to work. The report, which cited sources, said Tesla was struggling to bring all its employees back to the office due to a lack of resources. “Uhhh - REALLY!? Because as far as I know, Tesla and Twitter under Musk’s management will grant ‘exceptional’ employees right to work from home. Memba this?” Ms Kolodny said. In the hour-long interview, Mr Musk also said he did not care for the consequences of his unfiltered and unabashed views on Twitter even if it meant incurring financial losses. “I’ll say what I want to say, and if the consequence of that is losing money, so be it,” he said. He added that Twitter will attempt to rehire some of its staff after dramatically firing employees following his controversial takeover of the microblogging platform. He acknowledged that the job cuts were too deep. “Desperate times call for desperate measures… Unfortunately, if you do it fast, there are some babies who will be thrown out,” Mr Musk said, adding there is a possibility of rehiring people who were let go. Read More Lawsuit filed against Twitter, Saudi Arabia; claims acts of transnational repression committed Elon Musk subpoenaed by US Virgin Islands in Jeffrey Epstein lawsuit Linda Yaccarino: How Elon Musk may have hired his biggest critic to head Twitter AI pioneer warns UK is failing to protect against ‘existential threat’ of machines Elon Musk announces Linda Yaccarino as new CEO of Twitter How Elon Musk may have hired his biggest critic
2023-05-17 13:55
Exclusive-Kenya plans $500 million Eurobond buyback with new loans - cenbank governor
By Rachel Savage and Jorgelina do Rosario MARRAKECH, Morocco Kenya is planning to buy back up to a
2023-10-12 12:17
Oil prices mixed ahead of China lending benchmarks decision
By Katya Golubkova TOKYO Oil prices were mixed on Tuesday ahead of a decision on lending benchmarks by
2023-06-20 09:15
Former Silicon Valley Bank CEO: 'I am truly sorry'
The former chief executive of Silicon Valley Bank plans to apologize before a Senate committee Tuesday, writing in prepared testimony that he believes no bank could have survived the run that gutted SVB in early March.
2023-05-16 03:59
1 in 10 UK Small and Mid-Sized Businesses on Tide
LONDON--(BUSINESS WIRE)--Sep 20, 2023--
2023-09-20 14:17
Address Hotels and Resorts Announces the Opening of Address Jabal Omar Makkah Unveiling a Spiritual Haven in the Heart of Makkah
MAKKAH, Saudi Arabia--(BUSINESS WIRE)--Jul 12, 2023--
2023-07-12 14:16
Conservative activist who took down affirmative action is now going after law firms' diversity programs
The conservative activist behind the Supreme Court case that struck down affirmative action in college admissions this year is suing two international law firms for providing diversity fellowships.
2023-08-24 01:54
Insider: Expedia CEO talks about his company, travel demand, high prices, and his compensation
Expedia Group is benefitting as Americans board planes and book hotels to make up for travel they missed during the worst of the pandemic
2023-06-12 21:23
Del Vecchios’ Firm Is Long-Term Mediobanca Investor
The Del Vecchio family’s investment company “has never been an activist” shareholder and has a long-term commitment as
2023-10-21 19:17
ECB's de Cos still sees 'some way to go' on policy tightening
MADRID The European Central Bank still needs to raise its interest rates further and then leave them in
2023-05-23 01:58
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