Business Contents Archive

There’s a caveat. ⁠ ⁠ The bank’s top executives will share the $380mn bonus pool only if they pull off a radical restructuring.⁠ ⁠ Credit Suisse’s board has devised the bonus plan for the top 1% of staff, equivalent to about 500 senior managers, in a bid to sustain morale during a bruising period for the bank as it embarks on a sweeping overhaul.⁠ ⁠ Tap the link in bio to read more.⁠ ⁠ Image: Reuters

Norway's $1.35 trillion sovereign wealth fund said on Thursday it has in recent weeks divested virtually all its remaining shares in companies belonging to India's Adani group. #norway #adanigroup #hindenburg #divestment

Children, whose house was destroyed during the war in Syria and later moved to Turkey, sit in a car in Kahramanmaras, Turkey, after their house was destroyed in Turkey's deadly earthquake, February 9, 2023. 🔗 Read the latest news on the devastating quake at our link in bio. 📷 suhaib_s_salem #Turkey #quake #earthquake #reuters #reutersphotos

● Shell, the world’s largest international oil and gas company by market capitalization after Exxon Mobil and Chevron, is trying to do something with little precedent. In 2020 its then-chief executive officer, a Dutch chemical engineer named Ben van Beurden, announced it would be a “net-zero” emitter by 2050. ● A net-zero Shell would have to be radically different from the company that exists today. In 2021, Shell and its customers released almost 1.4 billion tons of carbon dioxide into the atmosphere—more than the emissions of Japan, the world’s third-largest economy. ● And last year, with prices elevated by the war in Ukraine and resulting supply disruptions, Shell and its competitors made record profits extracting, processing, transporting, selling and speculating in oil and natural gas. ● Tap the link in our bio for more. (📸: Sem Langendijk for Bloomberg Businessweek)

OH, PUCK: Marty Walsh is a "huge hockey fan" and excited about the opportunity, a source tells Fox News. Link in bio.

The RBI is likely to raise interest rates once again in April as inflation pressures persist and the Federal Reserve continues to tighten, analysts said on Thursday, a day after the central bank delivered what many had expected to be its last hike in the current cycle. #rbi #fed #inflation #indianeconomy #reporate

MULTIPLE ISSUES: The cause of the meltdown is unclear, but Twitter engineers and experts have warned that the platform is at an increased risk of fraying since Elon Musk fired most of the people who keep it operating.

Here's to more cheers! 🍻 We're gearing up for #SuperBowlLVII with anheuserbusch 🏈 It's always a celebration with budweiser, budlight, buschbeer, & michelobultrapr See you on Sunday!

Habits and attitudes of professionals who love what they do. (Reporting by Marcel Schwantes)

Netflix announced that it is rolling out paid password sharing, otherwise known as a crackdown on password sharing, to four more countries -- Canada, New Zealand, Portugal and Spain. #netflix #ott #canada #india #newzealand

PLANE AND SIMPLE: COO Andrew Watterson said it "struggled to keep the operation moving" at "key airports."

Public sector insurer LIC reported manifold jump in net income at Rs 8,334.2 crore during the three months ended December 2022 as against Rs 235 crore a year ago. LIC earned Rs 1,11,787.6 crore in net premium income during the reporting quarter as against Rs 97,620.34 crore in the year-ago period. #lic #q3results #netprofit #netincome

Coca Cola may soon take two of its India-made brands, Thums Up and Maaza, to the global markets. Thums Up recently crossed $1 billion in sales in India, and Maaza is expected to achieve the milestone by 2024. #cocacola #maaza #thumsup #india

Microblogging site Twitter on Thursday announced the subscription plans for Twitter Blue in India. The users in India will have to pay to keep their Twitter Blue subscription active and use the additional features. Watch the reel to know more #twitter #twitterbluetick

The United Kingdom is expected to be the only G7 country to fall into recession in 2023, according to the latest estimates of the International Monetary Fund. Annual GDP is set to contract some 0.6 percent in the coming year, predominantly due to higher taxes, rising interest rates and the high cost of energy as well as lower government spending. The UK’s outlook has worsened since the IMF estimated a 2023 growth of 0.3 percent last October. Its prospects are now worse than those of sanction-hit Russia. The IMF’s latest World Economic Outlook does predict, however, that the UK’s output will grow by 0.9 percent in 2024. As our chart shows, the other G7 member states are expected to see growth, even if only marginally, with Japan taking the lead with a 1.8 percent increase, followed by Canada (1.5 percent) and the United States (1.4 percent).