Klarna CEO says firm was ‘lucky’ to cut jobs when it did, targets profitability in 2023
After reducing headcount by about 10%, CEO Sebastian Siemiatkowski said Klarna will return to profitability on a monthly basis by summer 2023.
A wave-powered prototype device is aiming to produce drinking water from the ocean
Projects looking to desalinate water in a sustainable way will become increasingly important in the years ahead.
Anwar Ibrahim sworn in as tenth Malaysian prime minister
The appointment caps a more than 20-year wait for the former deputy prime minister who has been opposition leader for two decades amid jail terms and political coups.
Superyacht rentals, private jets and a soccer-themed hotel: Dubai is cashing in on the Qatar World Cup
The UAE’s commercial capital of Dubai is set to see an estimated 1 million additional visitors during the course of the soccer tournament, according to the Dubai Sports Council.
Mainland China’s total daily Covid cases soar above Shanghai lockdown highs
Mainland China reported more than 31,000 Covid infections for Wednesday, including asymptomatic cases.
Foxconn says ‘technical error’ occurred when hiring workers at major iPhone plant in China
Larger protests at Foxconn’s flagship iPhone plant in China were under control and the company continued to communicate with employees engaged in smaller protests, a source said on Thursday.
Has your workplace caught the ‘turnover contagion’? Here are some warning signs
A so-called “turnover contagion” typically occurs when workers quit their jobs because of their peers.
Bank of Korea opts for smaller hike; Asia markets rise after Fed signals slowing ‘soon’
Shares in the Asia-Pacific are set to trade higher as Fed officials signal smaller hikes ahead.
A short seller betting against this UK grocer says its shares could plunge by over 40%
The hedge fund manager says the company could raise fresh capital by diluting shareholders year after year to keep itself afloat in a challenging environment.
Buy this one large-cap stock — because its CEO is a ‘significant visionary,’ strategist says
“I anticipate this stock will be back on track very soon,” says Rob Luna, chief investment strategist at Surevest. Another analyst gave it 24% upside.
