Business Contents Archive

Communist party members at EY China in Beijing have been asked to wear their party badges to show their political loyalty while they are at work.⁠ ⁠ A Communist party branch committee at the company made the demand just ahead of China’s annual parliamentary meetings, a time of high political sensitivity in the country. The rubber-stamp legislature is expected to confirm Xi Jinping for a third term as president.⁠ ⁠ Read the full story at the link in our bio.⁠ ⁠ #china #financialtimes #FT #beijing⁠ ⁠ Image: ImagineChina/Alamy

Nokia announced plans on Sunday to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker focuses on aggressive growth. The new logo comprises five different shapes forming the word NOKIA. The iconic blue color of the old logo has been dropped for a range of colours depending on the use. "There was the association to smartphones and nowadays we are a business technology company," Chief Executive Pekka Lundmark told Reuters in an interview. #nokia #logo #brand #identity #telecom #technology #barcelona #spain #mobileworldcongress #mwc #smartphone #mobilephone #mobile

Xiaojing Yang of the University of South Carolina and two coresearchers gave pet owners basic definitions of stocks and mutual funds, highlighting the increased risk associated with the former. They then asked people which type of financial instrument they’d rather buy and how much they’d invest. Dog owners were more likely than cat owners to opt for stocks, and they allocated more money to them than the relatively few cat owners who made that choice did. Additional experiments revealed that cat owners also preferred products that prevented problems, while dog owners were drawn to products that promised gains. The conclusion: Cat owners are more cautious consumers than dog owners. Tap the link in our bio to read an interview with Professor Yang about his research and its implications. Adapted from "Cat Owners Are More Cautious Consumers Than Dog Owners," by Amy Meeker. Artist credit: master1305/Getty Images.

The United States represents slightly more than a quarter of the world economy and continues to be the leading economic power, with a GDP of $25 trillion USD in 2022. This is according to data from the International Monetary Fund (IMF). China follows closely behind, with a GDP of $18.3 trillion USD, almost 20% of the world's total. Trailing further behind is Japan, Germany and India, who round out the top five, with a GDP ranging between $3.5 and $4.3 trillion USD. Together, the ten economic powers that appear in our infographic represent around 70% of global GDP.

'DISGRACEFUL': Fellow officials called the remarks "out of touch" and a "slow motion tractor crash." Link in bio.

Highly leveraged Indian tycoons are having a rough time. Gautam Adani’s $236 billion infrastructure empire has shrunk by more than three-fifths in a month. But while his relentless rise and spectacular fall hog headlines, a smaller storm may be brewing for another well-known magnate. Anil Agarwal’s once-London-listed Vedanta Resources Ltd. has a pile of debt, including a $1 billion bond due January. Yet, his most recent attempt to trim the load has upset the one partner he can’t afford to annoy: New Delhi.

'DRIVING PIVOT': ‘Shark Tank’ star on the single most entrepreneurial sector in the United States. Link in bio.

Twitter Inc has laid off at least 200 employees, or about 10% of its workforce, in its latest round of job cuts since Elon Musk took over the micro-blogging site last October. The layoffs on Saturday night impacted product managers, data scientists, and engineers who worked on machine learning and site reliability, which helps keep Twitter's various features online, according to a media report, citing people familiar with the matter.

● Starting with a budget of $500 billion, Mohammed bin Salman bills Neom as a showpiece that will transform Saudi Arabia’s economy and serve as a testbed for technologies that could revolutionize daily life. Neom appears to be one of the crown prince’s highest priorities, and the Saudi state is devoting immense resources to making it a reality. ● Yet five years into its development, bringing Neom out of the realm of science fiction is proving a formidable challenge, even for a near-absolute ruler with access to a $620 billion sovereign wealth fund. ● According to more than 25 current and former employees interviewed for this story, as well as 2,700 pages of internal documents, the project has been plagued by setbacks, many stemming from the difficulty of implementing MBS’s grandiose, ever-changing ideas—and of telling a prince who’s overseen the imprisonment of many of his own family members that his desires can’t be met. ● Tap the link in our bio for more. (📸: Iman Al-Dabbagh)

LOCKED OUT: The offenders can keep you out of your own device for good. Link in bio.