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South Korea should maintain current monetary, fiscal policies, IMF says
South Korea should maintain current monetary, fiscal policies, IMF says
SEOUL South Korea should maintain current, restrictive monetary and fiscal policies as it needs to take steps to
2023-09-06 16:17
NFL owners unanimously OK the Commanders sale to Josh Harris; Dan Snyder fined $60M on the way out
NFL owners unanimously OK the Commanders sale to Josh Harris; Dan Snyder fined $60M on the way out
NFL owners have unanimously approved the sale of the Washington Commanders from Dan Snyder to a group led by Josh Harris
2023-07-21 06:50
SEC Declines to Share View on Leveraged Loan Securities Suit
SEC Declines to Share View on Leveraged Loan Securities Suit
The Securities and Exchange Commission said it is “not in a position to file” a brief giving its
2023-07-19 05:50
Harris Says Too Many Palestinians Have Died as Fighting Resumes
Harris Says Too Many Palestinians Have Died as Fighting Resumes
Vice President Kamala Harris said too many Palestinian civilians had died and called images of the suffering in
2023-12-03 01:54
Middle Eastern Wealth Flows to China Amid Anxiety About US Ties
Middle Eastern Wealth Flows to China Amid Anxiety About US Ties
Oil-rich gulf monarchies are leveraging their wealth to deepen ties with China amid anxiety about the future of
2023-07-16 09:27
China Selloff Threatens $27 Billion of ‘Snowball’ Derivatives
China Selloff Threatens $27 Billion of ‘Snowball’ Derivatives
Another 10% decline in a major Chinese equity gauge may trigger a wave of selling in index futures
2023-10-27 09:18
EA SPORTS UFC 5 Arrives October 27: Feel the Fight With Visceral Gameplay and Graphics Powered by Frostbite
EA SPORTS UFC 5 Arrives October 27: Feel the Fight With Visceral Gameplay and Graphics Powered by Frostbite
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Sep 7, 2023--
2023-09-07 23:28
Zoom CEO raises eyebrows by saying people need to go back to the office
Zoom CEO raises eyebrows by saying people need to go back to the office
Zoom CEO Eric Yuan told staff an all-hands meeting earlier this month that he wants employees to return to in-person work because Zoom is making them too “friendly” and unable to build trust. “Over the past several years, we’ve hired so many new ‘Zoomies’ that it’s really hard to build trust,” Mr Yuan says in the audio, which was obtained and first reported by Insider. “We cannot have a great conversation. We cannot debate each other well because everyone tends to be very friendly when you join a Zoom call.” Mr Yuan’s thoughts were accompanied by action: On 3 August, Zoom instituted a new policy requiring employees who live within 50 miles of a physical Zoom office to report to work at least two days per week. The return to the office policy at Zoom is striking considering that it was the Covid-19 pandemic and resulting stay-at-home orders that turned the platform from one few people had ever heard of to a part of everyday life for millions. But Mr Yuan is not alone among senior executives at tech firms. Apple, Meta, and Amazon have all instituted return-to-work policies in recent months, angering employees who have enjoyed the increased flexibility afforded by work-from-home policies. Since Covid-19 vaccines have facilitated the re-opening of the economy, workers and bosses in many sectors have clashed over the importance of in-person work and the ability of companies to exercise control over their employees whereabouts and schedules. Some, like Zoom and a number of other tech companies, have adopted hybrid policies in which workers are required to come into the office on certain days of the week but are allowed to work from home on others. But even those companies have faced backlash from workers, many of whom were hired at a different stage of the pandemic when most or all work at their respective companies was being conducted remotely. Mr Yuan’s comments, which were not meant for public consumption, may provide a measure of insight into how he and other top executives truly feel about Zoom and remote work more broadly — suggesting that it somehow limits innovation by not allowing for the sometimes uncomfortable kinds of interactions that can build trust. Mr Yuan, who was born and raised in China, moved to Silicon Valley during the late 1990s. He founded Zoom more than a decade ago and became a multibillionaire during the pandemic. Read More Maui residents are still reeling from wildfire devastation. Now investors and realtors are trying to cash in
2023-08-25 03:30
OECD Warns Global Economy Risks Losing Momentum 
OECD Warns Global Economy Risks Losing Momentum 
The world’s advanced economies are heading into a deepening slowdown as markedly higher interest rates take a hefty
2023-11-29 18:21
EU Lawmaker Looks to Cap Windfall Profits in Power Price Crisis
EU Lawmaker Looks to Cap Windfall Profits in Power Price Crisis
The European Union should strengthen its emergency rules so that citizens don’t bear the brunt if electricity prices
2023-05-14 19:24
Nigeria's president inaugurates cabinet to tackle economic, security woes
Nigeria's president inaugurates cabinet to tackle economic, security woes
President Bola Ahmed Tinubu on Monday swore in a cabinet of 45 ministers, urging them to build public trust as his new government takes on...
2023-08-21 23:49
Swiss National Banker Says Talk Couldn’t Save Credit Suisse
Swiss National Banker Says Talk Couldn’t Save Credit Suisse
The Swiss National Bank’s vice president said the central bank lacked the means to save Credit Suisse from
2023-10-29 18:29