2020 Financial News

Alphabet CEO Sundar Pichai acknowledged in federal court on Tuesday that he sometimes marked documents as «privileged» and never turned off a setting that caused internal chats to delete automatically after one day. Pichai was in court in San Francisco to defend Alphabet's Google from a lawsuit by Epic Games that alleges its app store policies amount to an illegal monopoly and have caused consumers to pay artificially high prices.

revenue growth that's four times faster than those that are more stringent about office attendance, a new survey shows, adding fuel to the debate over productivity and performance in today's workplaces. The analysis of 554 public companies that employ a collective 26.7 million people found that «fully flexible» firms which are either completely remote or allow employees to choose when they come to an office increased sales 21% between 2020 and 2022, on an industry-adjusted basis. That compares with 5% growth for companies with hybrid or fully onsite workforces. The study, by flex-work advisor Scoop Technologies and Boston Consulting Group, included companies across 20 sectors, from technology to insurance. Revenue growth was normalised against average industry growth rates so that employers in better-performing areas would not skew the findings. Among the companies that did require at least some office attendance, those that came in a few days a week boosted sales at twice the rate of those in the office full-time, according to the survey.

Rihanna, 35, was spotted disembarking from a private jet at East Hampton airport, bundled up in a voluminous black floor-length puffer coat while cradling her three-month-old son, Riot Rose. Accompanying her was her partner of three years, Rocky, leading the way on the runway with their firstborn son, RZA Athelston Mayers. The notoriously private couple shielded their children's faces, keeping a low profile as they traversed the tarmac after the flight.

By Greg Bensinger

NEW DELHI : Italy’s Enel Group is looking to sell its entire renewable energy business in India and has hired HSBC for the transaction, two people aware of the development said. The proposed deal may have an equity value of around $300 million, the people said. The portfolio of Enel Green Power India comprises 760 megawatts (MW) of operational wind and solar power assets and a development pipeline of 2 gigawatts (GW).

NEW DELHI : Recruitment firms linked to BharatPe co-founder Ashneer Grover and his family members used backdated invoices to siphon off funds for work they never did for the fintech unicorn, an investigation by the Economic Offences Wing (EOW) of Delhi Police found. The probe agency also could not trace many firms to which BharatPe had made vendor payments.

Sea reported a surprise third-quarter loss as the Southeast Asian tech giant prioritized growth over profits by pouring money into its e-commerce business, sending its shares more than 17% lower on Tuesday. Rising competition from Alibaba Group's Lazada and ByteDance's TikTok, along with new entrants like PDD's Temu, have forced Sea to revamp its playbook this year, with warnings that the increased ecommerce investments may lead to losses in some quarters.

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Ashok Gehlot loyalist Shanti Dhariwal from the Kota North seat in Rajasthan, senior leader Sachin Pilot on Tuesday said he was «absolutely okay» with whatever decision the party has taken as dwelling on the past is not productive. The ticket distribution was by and large «very fair» with the winnability factor adhered to, he said, adding the priority now was to work for ensuring the victory of all candidates selected by the party.

BERLIN—The German capital has long been a lab for daring experiments in tackling the crisis of affordable housing that is plaguing city dwellers from San Francisco to Hong Kong. Anti-gentrification rules are so strict that in some neighborhoods, luxury renovations such as walk-in showers, balconies or cement tiles are turned down. Airbnb is tightly restricted while rental caps have forced thousands of landlords to slash rents.

A political group called No Labels is trying to qualify for ballots in all 50 states so that it can field a presidential ticket next year. Its argument: Americans want an option other than President Biden and former President Donald Trump, who has a commanding lead in the GOP primary. Here’s a look at No Labels, its funding and how its presidential effort is going.

Wanted by Hollywood: World-famous intellectual property that no one has yet thought to make into a movie. Or nearly three dozen movies, for that matter. Disney’s Marvel Cinematic Universe has been the most successful movie franchise in history, grossing nearly $30 billion globally over 33 films to date.

paedophile gang, who masqueraded as «witches and wizards,» have been convicted for orchestrating a «monstrous» child sex abuse ring within a Glasgow drugs den. Described by the NSPCC as one of the worst cases in recent decades, 11 individuals faced charges related to heinous acts against three primary school-aged children. The trial, spanning over two months, exposed a harrowing narrative where the young victims were subjected to a disturbing campaign of sexual depravity, including group rapes, while being plied with alcohol and cocaine.

(Reuters) — Republican lawmakers on the House Financial Services Committee said Tuesday they were calling for an urgent briefing from a government watchdog to address reported allegations of pervasive sexual harassment at the Federal Deposit Insurance Corporation (FDIC).

The German government says it is granting a 7.5 billion-euro ($8 billion) loan guarantee to energy technology company Siemens Energy as part of a package to help the firm

Bayern Munich has emerged from the turmoil caused by the coronavirus pandemic in good financial health after reporting record total revenues of 854.2 million euros ($913 million) for the 2022-23 season

In September, the award-winning author and academic Ibram X

Rahul Gandhi. In an exclusive interview with PTI, Pilot was about Chief Minister Ashok Gehlot's past remarks directed at him. Sachin Pilot said, "Leave it! Who said what...I can be responsible for what I have said or not said.

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Madhya Pradesh Elections 2023: The crucial Assembly elections in the state of Madhya Pradesh are drawing close and simultaneously the intensity in exchanging barbs between Bhartiya Janata Party (BJP) and Congress is also surging. In a straight out battle between both parties in Madhya Pradesh, neither Congress nor BJP is leaving stones unturned to ensure a victory. The Madhya Pradesh Assembly Elections is part of the five state Assembly Elections that are being held in November- Rajasthan, Chhattisgarh, Madhya Pradesh, Telangana, and Mizoram.

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