Air France-KLM doubles profits despite inflation
Air France-KLM announced Friday it doubled its net profit in the second quarter, benefiting from high demand in air travel despite rising inflation...
2023-07-28 20:24
Wall Street futures rise ahead of inflation data; chip stocks rally
U.S. stock index futures rose on Friday, setting Wall Street on course to end a data- and earnings-heavy
2023-07-28 18:18
Stagnant German growth clouds eurozone economy
Flatlining German growth figures on Friday contrasted with positive performances in France and Spain, adding to worries that the traditional manufacturing powerhouse could become a...
2023-07-28 18:15
AIB makes a pre-tax profit of €987m
Its UK division, which includes its NI business, had a pre-tax profit of £119m, up £53m since 2022.
2023-07-28 17:55
Biden takes economic message to Maine as Trump's legal problems persist
Another looming indictment for former President Donald Trump. Another day on the road selling the economy for President Joe Biden.
2023-07-28 17:26
Former Elon Musk colleague reveals Twitter boss ‘seems quite lonely’
It’s lonely at the top – just ask Elon Musk’s former colleagues. The Twitter owner tells the same jokes and anecdotes “over and over” and “seems quite alone,” according to a former senior executive at the company. Esther Crawford, who went viral last year after being pictured sleeping on the floor of Twitter’s office while trying to meet a tough deadline set by Musk, shared her thoughts in a post on the platform which was recently renamed X. Sign up to our free Indy100 weekly newsletter Crawford joined Twitter when it bought her startup in 2020, well before the billionaire took over the social media platform in a $44bn deal last year. The former head of product development, who was sacked in February as part of a round of 200 layoffs, said: “Elon is oddly charming and he's genuinely funny. He also has personality quirks like telling the same stories and jokes over and over. “The challenge is his personality and demeanour can turn on a dime going from excited to angry. “Since it was hard to read what mood he might be in and what his reaction would be to any given thing, people quickly became afraid of being called into meetings or having to share negative news with him.” She said Twitter employees feared being called into meetings with him or having to deliver bad news. “At times it felt like the inner circle was too zealous and fanatical in their unwavering support of everything he said.” “Product and business decisions were nearly always the result of him following his gut instinct, and he didn't seem compelled to seek out or rely on a lot of data or expertise to inform it. “I saw a person who seemed quite alone because his time and energy was so purely devoted to work.” Meanwhile, Musk appeared to put more faith in random feedback and Twitter polls than in his employees who were working to troubleshoot problems. She said: “His boldness, passion and storytelling is inspiring, but his lack of process and empathy is painful.” However, she didn’t pull any punches about the previous management either, calling it “bloated” and “soft and entitled” where “teams could spend months building a feature and then some last-minute kerfuffle meant it'd get killed for being too risky.” Musk recently killed off the iconic bluebird Twitter logo, replacing it with a white X. He has said he wants to create a super-app inspired by China’s WeChat which would offer messaging and payments as well as social media. That vision may be difficult to make a reality, after the collapse of the platform’s advertising business as marketers soured on Musk’s decision to fire thousands of employees and dial down its content moderation efforts. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-28 17:25
Crisis-hit NatWest bank launches review into Farage case
British bank NatWest on Friday said it had launched an independent review into its handling of arch-Brexiteer Nigel Farage, whose account it controversially shut, costing...
2023-07-28 16:54
Germany's pivotal chemicals industry gripped by crisis
Thomas Kadowsky imagined that he would keep working at the German industrial coatings plant where he had served as team leader for over 30...
2023-07-28 15:59
British Airways parent IAG flies back to profit
IAG, parent of British Airways, said Friday it returned to first-half profit as the aviation sector recovers from the Covid pandemic despite inflation lifting company...
2023-07-28 15:46
Analysis-How the ghost of 1990s property crash returned to haunt Sweden
By John O'Donnell FRANKFURT Long before Europe faced its debt crisis, Sweden struggled through its own 1990s property
2023-07-28 15:29
Ethiopian Airlines facing 'real challenges' despite Covid success
Ethiopian Airlines successfully weathered the Covid pandemic by shifting its strategy, but Africa's only profitable carrier still faces "real challenges" in sourcing parts and staying competitive at a time...
2023-07-28 14:54
2CV classic car meet gets show on the road
Around 5,000 Citroen 2CVs from across the globe are tootling into the Swiss countryside this week for a mass gathering celebrating the...
2023-07-28 14:52
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