Month: April 2022
Airbnb CEO says staff can ‘live and work anywhere’
Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Home-sharing platform Airbnb announced that it is planning to let its employees live and work wherever they want as other firms start to look beyond the coronavirus pandemic and bring staff back to the office. Brian Chesky, the company’s CEO and co-founder, revealed the […]
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Euro zone inflation hits record high for the sixth month in a row
Inflation in the euro zone remains well-above the ECB’s target, as energy and food prices soar. Bloomberg | Bloomberg | Getty Images Inflation in the euro zone has hit a record high for the sixth consecutive month, sparking further questions over how the European Central Bank will react. Headline inflation in the 19-member region reached […]
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Apple’s big quarter shows that smartphones aren’t getting hit by weakening macroeconomic conditions
The results suggest that the premium smartphone market could be resilient if macroeconomic conditions deteriorate and consumers start watching their expenses. Source
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Chinese leaders stick to Covid controls as the virus spreads and forces a Beijing luxury mall to close temporarily
Major luxury goods mall Beijing SKP, pictured here in 2021, said Friday it would close — with no reopening date specified — after the city confirmed three Covid cases in an apartment community nearby. Qilai Shen | Bloomberg | Getty Images BEIJING — China showed few signs of loosening its zero-Covid control policies as the […]
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Russian strikes hit Kyiv amid UN chief’s visit; Ukraine plans evacuation of civilians from last Mariupol holdout
Russian strikes in Kyiv injure 10 people amid UN leader’s visit Russian strikes in Ukraine’s capital Kyiv on Thursday hit residential buildings and wounded 10 people, Ukrainian emergency services said. Witness reported large explosions in Kyiv’s northwestern Shevchenkivsky district that left windows blown out and parts of buildings blackened. It came as UN Secretary-General Antonio […]
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The Bank of Japan may have limited tools to deal with the weak yen, but that’s not its focus
The Bank of Japan may be limited in its ability to deal with recent weakness in the yen, but experts who spoke with CNBC noted the currency is not really the central bank’s main focus anyway. The Japanese yen went above 130 against the dollar on Thursday after the BOJ reiterated its ultra-easy monetary policy […]
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It’s almost impossible for Europe to replace Russian gas in the short-term, OMV CEO says
Alfred Stern, CEO of OMV, said the energy company is “trying to find sanction-conformed solutions” after Russia demanded payment for gas in rubles. Source
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Top autos CEO warns of battery supply scarcity as EV competition heats up
In 2021, Volvo Cars said it planned to become a “fully electric car company” by the year 2030, a move which will require it to have a consistent and secure supply of batteries for its vehicles. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images The new CEO and president of Volvo Cars has predicted […]
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UN deputy secretary-general responds to criticism over Ukraine conflict, says there’ll be lessons learned
Russian is one of five nations that hold a veto power on the U.N’s Security Council. Carlo Allegri | Reuters The United Nations deputy secretary-general has told CNBC there will be “lessons learned” from the war in Ukraine. Speaking Wednesday after the release of the U.N’s “2022 Financing for Sustainable Development Report,” Amina Mohammed said […]
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South Korea to lift outdoor mask mandate starting next week
People wearing face masks walk through a railway station in Seoul on Feb. 18, 2022. Prime Minister Kim Boo-kyum announced on Friday South Korea will lift an outdoor face mask mandate starting next week. Jung Yeon-je | Afp | Getty Images South Korea said on Friday it will lift an outdoor face mask mandate next […]
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