German Chancellor, Angela Merkel, yesterday scored a victory as she successfully corralled her government into voting for the revamped bailout fund, asserting her political authority by pushing the deal through without the oppositions’ help.
China has warned Asian nations not to provoke it under the cover of US military backing, in a move that plays out Beijing’s desire to challenge the United States’ power in the region.
This comes after Japanese prime minister Yoshihiko Noda and Philippine president Benigno Aquino agreed on Tuesday to strengthen cooperation between their coast guards and navel forces amid the disputes with China.
Recently ousted Hewlett-Packard CEO Leo Apotheker will be walking away with more than $13 million, while incoming CEO Meg Whitman will be getting an annual salary of just $1.
Apotheker was ousted last week after the company’s stock lost more than half its value during his 11-month stint with the technology giant. He however will be walking away with $13.2 million in stock and cash.
A mystery donor has left a bag filled with 10 bundles of a hundred 10,000 yen notes in a public restroom, with clear instructions that it should be used to help victims of the horrific March earthquake and tsunami.
Prices of US-listed Chinese stocks fell on Thursday after reports emerged that the US Justice Department was investigating into accounting irregularities at several Chinese companies listed on US stock exchanges.
With credit tightening in China, many businesses are turning to “private” lenders to overcome the credit crunch.
With the Chinese authorities clamping down on lending in a bid to cool down its overheated economy, many small and medium sized businesses are turning to private loans for their financing needs.
The European Union yesterday proposed radical rules to reform the audit sector, in a move that could potentially end the dominance of the accounting Big Four.
In a draft of regulation due to be published in November, EU internal markets commissioner Michel Barnier argues that the recent financial crisis “highlighted weaknesses in the statutory audit” and proposes a series of measures that would impose significant changes to the industry.
Almost two-thirds of the Thai cabinet are millionaires, including the south-east asian nation’s female prime minister, whose assets include seven Hermès handbags.
Thailand’s National Counter Corruption Commission yesterday released figures for 36 ministers’ assets declaration, which are mandatory for all incoming and outcoming cabinet members.
There is nothing better than being a CEO at a financial institution in the United States. While the average American faces longer working hours, with wages that barely increase, the average financial CEO salary rises exponentially even during a time of financial crisis.In addition, apart fom just earning more, a financial CEO will also receive higher tax savings than that of the average worker.
With most Americans having to work more hours for less pay and fewer benefits, clearly being a CEO should be the right career path for college graduates. If only it was that easy.
According to Fortune Magazine, Google is the 4th best company to work in. Not surprisingly as well, many young professionals desire to work at Google, with nearly 1 in every 4 aspiring professionals listing it as the company they most want to work for. Yet fewer than 1 in every 250 applicants actually end up working at Google.
What exactly is Google looking for in a future employee? And for that matter what do other tech giants like Facebook and Apple look for when they’re hunting for the next hire?
