Fat Cat Thursday: UK CEO pay already exceeds average worker salary for the year
By 1 p.m. London time on Thursday, the average FTSE 100 CEO will have earned more this year than the median full-time worker’s annual salary.
Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs
Alibaba-owned e-commerce giant Lazada began its latest round of layoffs on Wednesday.
Microsoft says a Copilot key is coming to keyboards on Windows PCs starting this month
Microsoft sees 2024 as the year of the artificial intelligence personal computer. A new key on Surface PCs and other devices might help.
CNBC Daily Open: Hawkish Fed minutes chill markets further
Minutes of the Fed’s meeting indicated an “unusually elevated degree of uncertainty” about the path of monetary policy.
China’s property ‘inventory overhang’ could take more than 10 years to correct, economist says
China existing housing inventory, along with the those currently under construction, could take up to 12 years to fully clear, according to one China economist.
Alibaba was once a Wall Street darling. After plunging 75% over three years, what’s next?
It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.
Chinese provinces warn of thick fog, dozens of Shanghai flights delayed
Extremely heavy fog in several Chinese provinces on Thursday led to dangerously low visibility, closing highways, delaying flights out of Shanghai.
Indonesians head to the polls in February. Here are key issues dominating the elections
Indonesia is headed into weeks of political campaigning and debates before choosing its next president, vice president and members of parliament in February.
China leads losses in Asia as investors assess Fed minutes
China led losses in Asia-Pacific on Thursday, followed by Japan stocks which resumed trading after an extended New Year’s holiday.
Deutsche Bank names the stock that’ll be the ‘last man standing’ in autonomous driving
The driverless tech stock is “rare secular growth story” because its technology can find buyers among global automakers seeking to add self-driving capabilities
