(Reuters) - Amazon is set to hire Microsoft's departing product chief Panos Panay, Bloomberg News reported on Monday, citing sources familiar with the matter.
(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Devika Syamnath)
A renewed focus on national security coupled with rising geopolitical tensions has damaged confidence in the private sector
Over three decades this city 50km from Shanghai has become a favoured place to invest for German businesses seeking growth in the world’s second-largest economy. Many are family-owned and often highly specialised Mittelstand businesses of the type that have powered German exports and built the country’s reputation for high-end manufacturing. Today, business ties between Germany and China are frayed, with Berlin warning of the need to “de-risk” exposure.
EU states have worked hard to secure supplies and storage – while the UK seems just to be hoping it stays mild
STORY: This is ARCHAX, a giant robot from Japan The 15-foot tall 'Gundam'-like robot is controlled from a cockpitAnd it could one day be yours for around $3 million[Ryo Yoshida, CEO of Tsubame Industries]"Basically, you can get in and pilot it. It has 26 joints and can be controlled from inside the cockpit."Location: Yokohama, JapanARCHAX was developed over the past two yearsTsubame, the startup that made it, hopes to sell five units[Ryo Yoshida, CEO of Tsubame Industries]"The initial reason for creating it was that I wanted to make a new vehicle. In addition, Japan is really strong in the animation, games and robot industries, as well as in automobiles, so I thought it would be great if I could create a product that compressed all these elements into one that says, 'This is Japan.'"CEO Ryo Yoshida also hopes they could be used for disaster relief or in space
China will back firms in the smart vehicle supply chain to form groups dedicated to spreading innovation, state media said on Monday, as it races to hammer out standards for assisted and autonomous driving functions by 2025. The world's largest auto market, which set the target for such standards in July, has made so-called intelligent connected vehicles (ICVs) a long-term strategic focus in a drive to become the leading global player in the still nascent industry. China will support firms in forming "innovation consortia", that enable them to learn from each other's strengths in order to achieve technological breakthroughs, the official Xinhua news agency said.
Senior lending manager Jayne Follows was made redundant after her bosses decided to end remote working.
TOKYO (Reuters) -Oil prices edged up on Monday, recouping some of the losses suffered at the end of last week, as investors focused on a tight global supply outlook while a last-minute deal that avoided a U.S. government shutdown restored risk appetite. Brent December crude futures rose 49 cents, or 0.5%, to $92.69 a barrel by 0645 GMT after falling 90 cents on Friday. U.S. West Texas Intermediate crude futures gained 55 cents, or 0.6%, to $91.34 a barrel, after losing 92 cents on Friday.
Workspace provider IWG says 73% have cut rental costs while 80% have changed to accommodate hybrid working
BT, Deutsche Telekom and Telefónica CEOs among those calling for internet traffic drivers to contribute to investment
KARACHI (Reuters) -Pakistan refiner Cnergyico has imported the country's first private-sector shipment of Russian crude oil, it said on Monday, as the cash-strapped nation takes advantage of Moscow's discounts on its oil exports. The South Asian nation has started snapping up crude oil that Russia has discounted after its exports were banned from European markets over Russia's invasion of Ukraine. Pakistan's first cargo, imported by the government, arrived in June and a second government-to-government shipment is under negotiation.
The union has listed its assets and liabilities in the range of $1 million to $10 million, according to the Sept. 30 filing made in a San Francisco court. "While we have attempted numerous times to resolve the decade-long litigation with ICTSI Oregon, at this point, the Union can no longer afford to defend against ICTSI's scorched-earth litigation tactic", said ILWU International President Willie Adams.
Brussels plan aimed at aiding SMEs will also lead businesses to source more goods from China, say industry groups
Dealmakers anticipate steadier business in 2024 after four years of wildly fluctuating activity volumes
Founder Greg Jackson puts expansion above profits even as Shell deal turns it into second-biggest supplier
For a board director of a big company in 2023, this may now be required knowledge. Bernard Looney of oil company BP and Cboe Global Markets’ Edward Tilly resigned last month after their failure to disclose past relationships with employees to the board. CNN Worldwide president Jeff Zucker and McDonald’s boss Steve Easterbrook also left their roles for similar reasons in recent years.
TOKYO (Reuters) -Japan's business sentiment improved in the third quarter, a central bank survey showed, suggesting conditions for a durable economic revival are falling into place even as a global slowdown keeps policymakers cautious about the outlook. Big non-manufacturers' mood brightened to levels unseen since 1991, when Japan was experiencing an asset-inflation bubble, a sign retailers were benefitting from a rebound in consumption after the dismantling of pandemic curbs. Companies also retained their robust spending plans and faced a tight labour market, the survey showed, suggesting that conditions for the Bank of Japan to phase out its massive stimulus could fall into place.
For Josh Hughes-Davies, the best thing about his job in a bar in the coastal city of Brighton is the free meal with every shift. For his manager, Barrie Chapman, the overtime he now gets is a huge boost once unheard of in the hospitality sector. Like thousands of others in lower-paid sectors of the British economy, all three have benefited from a gradual improvement in employment terms since the global pandemic and Brexit forced companies to work harder to find staff in a tight labour market.
Plant under construction would make South Korean company the largest non-Chinese producer of nickel sulphate
The wider impact of the slowdown on employment is mitigated by an already depleted workforce
In January 2020, Zach Perret agreed what seemed like the deal of a lifetime. In the meantime, the Covid-19 crisis had turbocharged Plaid’s business as customers stuck at home increasingly relied on the sort of digital banking services the company helped facilitate. Plaid enables customers to connect their bank account to an outside application and share required data, be that with an online mortgage lender, a money transfer app or a digital trading platform.
