Top executives of Neiman Marcus, which filed for bankruptcy in May, do not deserve bonuses of up to US$10 million unless they can show they boosted the luxury department store chain’s earnings, a U.S. Department of Justice lawyer said. REUTERS: Top executives of Neiman Marcus, which filed for bankruptcy in […]
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A U.S. judge on Wednesday confirmed a 643 million euro (US$734 million) award in favor of a unit of Warren Buffett’s Berkshire Hathaway Inc that claimed it was fraudulently induced to buy a German pipemaker that had inflated sales to look profitable. NEW YORK: A U.S. judge on Wednesday confirmed […]
The latest clash between Facebook and Austrian privacy activist Max Schrems could disrupt hundreds of thousands of companies as Europe’s top court rules on Thursday on the legality of tools companies use to transfer Europeans’ data around the world. LUXEMBOURG: The latest clash between Facebook and Austrian privacy activist Max […]
Nearly half of Japan’s companies have no immediate plans in place to help counter the impact of the coronavirus pandemic, although a third of those surveyed in a Reuters poll indicated they were looking to improve productivity to cushion the blow. TOKYO: Nearly half of Japan’s companies have no immediate […]
CHICAGO: Amazon.com has extended a work-from-home policy until Jan 8 and is continuing to ask employees to defer all non-essential travel, a spokeswoman said on Wednesday (Jul 15). This comes adter the company on Tuesday launched a pilot healthcare programme for its employees and their families to provide primary services […]
OKLAHOMA CITY: Oklahoma’s Republican Governor Kevin Stitt said on Wednesday (Jul 15) he had tested positive for the novel coronavirus, the first time a US state governor has announced they were infected. The number of US cases has spiked, particularly in the south and west, since local officials started loosening […]
A Shinto maiden wearing a protective face mask walks at a shrine amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan Jul 15, 2020. WASHINGTON: Coronavirus infections surged across the globe on Wednesday (Jul 15), forcing several countries to put the brakes on reopening or impose new restrictions on […]
OTTAWA: Canada’s efforts to flatten the curve of coronavirus cases have put the country on the cusp of zero deaths from COVID-19 for the first time since March, but officials see worrying signs of a new spike as provinces lift restrictions. For months, Canadians followed strict public health rules on […]
WASHINGTON: US infectious disease expert Anthony Fauci said on Wednesday (Jul 15) he did not understand the White House effort to discredit him in the battle against coronavirus and believed it was a “major mistake” that reflected poorly on them. The White House over the weekend distributed a list of […]
Volkswagen on Wednesday said it was replacing software chief Christian Senger and moving the centre of its group-wide software development from its Wolfsburg headquarters to Ingolstadt, where premium brand Audi is based. FILE PHOTO: The company logo is seen at the headquarters of the German car manufacturer Audi in Ingolstadt, […]