Business

Iconic corporate names breaking up in trend to boost value

Three multinational giants—General Electric, Johnson & Johnson and Toshiba—this week announced plans to split into multiple companies, joining a trend the firms hope will provide more growth opportunities.

Automotive

Volkswagen reaches wage deal with German workers

Volkswagen and Germany's largest industrial union have agreed on a 23-month wage deal that provides a 1,000 euro bonus recognizing employee efforts during the coronavirus pandemic and a 2.3% wage increase from January 2022.

Business

Indonesia's GoJek latest app to cut jobs as virus takes toll

Indonesian app giant GoJek said it will cut hundreds of jobs and ditch at-home massage and cleaning services as the global pandemic slashes demand for face-to-face businesses, after Singapore-based rival Grab also announced ...

Business

Virus-hit news industry needs tech giant aid: UK union

The main union representing journalists in Britain is calling on the government to triple a tax on global tech giants to support the industry, as it faces fresh shocks from the coronavirus outbreak.

US puts sanctions on N.Korea hacking groups behind major thefts

The US Treasury on Friday placed sanctions on three North Korea government-sponsored hacking operations which it said were behind the theft of possibly hundreds of millions of dollars and destructive cyber-attacks on infrastructure.

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