Having a strong culture based on ethics is crucial in developing a long-lasting business. Only then will small businesses retain high-quality employees and maintain productivity at peak levels. In order to develop a culture in your office based on ethics, try out the following ideas. Focus on personal relationships in your small business Because a ...
No more “stuck in traffic” excuses! Uber has announced that it will launch a flying taxi service by 2023. A prototype of the vehicle that will ferry passengers across the sky at 150 mph has also been revealed. In the U.S., the service will initially be launched in two cities — Los Angeles and Dallas. ...
Various industries are on the brink of extinction due to millennials, many believe. But this idea is far from the truth. Are millennials killing beloved industries? Whenever the discussion touches on millennial behavior, many people would say that they are narcissistic, bratty, a generation glued to gadgets and other preconceptions. Some businesses even believe that ...
Germany’s largest banking institution, Deutsche Bank, has announced that it will lay off close to 18,000 employees worldwide over the next few years. By doing so, the bank calculates that it can eventually reduce adjusted costs by 25 percent to US$19 billion. Culling jobs At present, Deutsche Bank has about 91,500 employees across the world. ...
Big U.S. tech companies like Microsoft, Dell, and HP are reportedly looking to transfer a good chunk of their manufacturing out of China due to the sour trade relationship between Beijing and Washington. Moving out production “Hardware production has long been centered on China where production costs are cheaper, components of the tech supply chain ...
Over four decades ago, the global watch industry was dominated by Swiss companies. But in the 1970s, Japan launched cheap quartz watches that ran on batteries instead of using clockwork mechanisms. This essentially wiped out a large number of Swiss brands and positioned Japan as a major competitor in the industry. Led by Seiko The ...
An attempt by a Chinese company, partly owned by the communist government, to buy out the famous Westminster Choir College in New Jersey has been successfully thwarted. Opponents had warned that the sale would have allowed the Chinese government to extend its propaganda into American universities. Taking over Westminster Westminster has been one of the ...
One of UBS’s top economists, Paul Donovan, recently sparked off a storm on Chinese social media after using the term “Chinese pigs” while talking about the swine fever situation. The Chinese saw it as an insult to the people of the country, something that Donovan never actually intended. And though it has sparked criticism of ...
Ofo was once the poster child of China’s entrepreneurial spirit, with state media even hailing the company as one of the four great inventions of the country in modern times. However, the bike-sharing firm is now facing bankruptcy, unable to pay back even the money of its users. Ofo’s rise and crash Ofo was founded ...
A comment by a top UBS economist who joked about a “Chinese pig” has caused a huge ruckus in the Asian country. Chinese people vented anger against the company on social media while state-run dailies used the opportunity to play the victim card. The ‘pig’ comment In a podcast that was discussing swine fever and ...
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