BusinessDay
IWG, the world’s largest shared office group, is in talks to spin off its US business into a separately listed company in New York. Mark Dixon, chief executive of the London-listed group, has held early-stage talks with investment banks about the plan, which was first reported by Sky News this weekend....
How likely are you to recommend your company as a place to work? Would you boast about your company to your friends? Now, how do you feel about bigging up your workplace publicly, or remonstrating with critics who attack it?...
Indonesia has named the site in East Kalimantan on the island of Borneo where it plans to build a new capital to replace Jakarta, President Joko Widodo announced on Monday....
For the world’s central bankers gathered in Jackson Hole, there was a sense that things would never be the same again. The developed world had experienced a “regime shift” in economic conditions, James Bullard, president of the St Louis Federal Reserve, told the Financial Times....
German banks grappling with the burden of negative interest rates are fighting back against a proposal to ban them from passing on the costs to their retail depositors. They warn that such a move could unleash “dangerous instability” on financial markets....
Viking Global Investors, one of the largest US stock-picking hedge funds, is imposing more restrictive redemption terms on some of its longtime clients, as it pushes deeper into venture capital and other difficult to-value investments....
Leading Brazilian companies and trade groups have joined the global outcry over surging wildfires in the Amazon as fears grow that the environmental crisis could hit business....
Four years ago, a Tokyo-based startup called Seven Dreamers stole the show at Japan’s biggest technology trade fair with Laundroid — an artificial intelligence robot that could neatly fold clothes....
A few weeks ago, pastor Angel Campos had a difficult conversation with a member of his congregation at Monte Vista Baptist Church in Phoenix, Arizona. The house of worship had been providing shelter to Central American asylum seekers — and the young man wanted that to stop....
Amgen agreed to buy Celgene’s Otezla, a treatment for psoriasis and Behçet’s disease, for $13.4bn on Monday, allowing Bristol- Myers Squibb to push ahead with its mammoth $90bn takeover of Celgene....