Category: Business

[ad_1] Campaigners have accused the Swedish government of doing “everything in its power to stop climate action” after it cut a tax on flying, despite admitting that it would increase emissions. The flight tax, aimed at cutting pollution from aviation, was introduced in 2018, amid the rise of the “flight shame” (flygskam) movement popularised by…

[ad_1] OTTAWA, Sept 19 (Reuters) – Even though the Bank of Canada takes rate decisions on a consensus basis, this does not mean governing council members all share the same view on the path for rates, deputy governor Nicolas Vincent said on Thursday. The six-member council, which includes Governor Tiff Macklem, announces interest rates eight…

[ad_1] Cooking, cleaning, caring for the kids during the day, Chen Hualiang takes on household tasks many Chinese fathers tend to leave to their wives, bucking a deep-rooted patriarchal tradition and even inspiring a hit TV show. The former project manager gave up the rat race to join a growing number of “full-time dads”, as…

[ad_1] JPMorgan Chase has created a new global role to oversee junior bankers and analysts and prevent overwork. Ryland McClendon is the newly appointed global investment banking associate and analyst leader, according to an internal memo from earlier this month seen by Reuters. The firm has employed McClendon for just under 14 years, most recently…

[ad_1] Introduction: Bank of England interest rate decision today Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. After a hefty interest rate cut in the US last night, it’s the turn of the Bank of England to set monetary policy – but we’re not expecting as…

[ad_1] Laszlo Bock, consultant and former Google senior executive, likened Andy Jassy’s demand that Amazon employees spend five days a week in the office to ordering the usual at a restaurant.  Say the hamburger is your pick of choice at the regular joint and you all of a sudden go for the grilled chicken, Bock…

[ad_1] By Sameer Manekar (Reuters) – Analysts remained bullish on most Asian currencies despite marginally dialling back some bets, a Reuters poll showed on Thursday, as a defensive U.S. dollar driven by a dovish Federal Reserve enhanced the appeal of risk-sensitive assets. Long bets were the highest on the Malaysian ringgit and the Thai baht,…

[ad_1] On Wednesday, Boeing announced it will be temporarily furloughing a “large number” of white-collar employees. The news comes after around 30,000 Boeing workers began a strike on Friday after rejecting a new pay contract. “We are initiating temporary furloughs over the coming days that will impact a large number of US-based executives, managers, and…

[ad_1] The Fed’s decision to cut rates by 50 basis points garnered support from 11 of 12 voting members. Fed governor Michelle Bowman dissented, marking the first split by a central bank governor since 2005. Bowman advocated for a smaller, 25 basis point cut. The Federal Reserve’s jumbo rate cut garnered support from all but…

[ad_1] The Tuesday attack in Lebanon, where hundreds of pagers used by the Iran-backed militant group Hezbollah simultaneously detonated, points to a highly sophisticated operation that likely required months of planning and an infiltration of a global supply chain, experts told Business Insider. At least 2,800 people were injured and 12 killed, The Associated Press…