Staff turnover caused by tensions in the workplace has deprived US companies of nearly a quarter trillion dollars over the past five years, according to a study published by the Society for Human Resource Management (SHRM, Virginia). The study showed that staff turnover due to the "toxic"...

Charges of manipulating the market in connection to the diesel emissions scandal that had rocked the German auto giant Volkswagen have been brought against three current and former executives of the company.   According to the charges filed by German prosecutors, investors were not informed...

the largest U.S. worker unions, the United Automobile Workers (UAW), has been authorized by its members to go on strike during the upcoming negotiations on new labor contracts among the workers of three American automobile concerns - General Motors, Ford and Chrysler (part of Fiat Chrysler...

Jack Ma, the billionaire and founder of Alibaba, said people could only work 12 hours a week thanks to artificial intelligence and educational reform. Ma made this statement during a speech at the World Conference on Artificial Intelligence in Shanghai. He believes that thanks to technological...

AMS to hold shareholders’ meeting on Osram takeover. AMS is the “Austrian sensor specialist” which has a goal of wrapping up the “planned takeover” of Osram, a “German lighting group”, within the first six months of 2020, revealed its Chief Executive Officer.   Last week, a war over Osram...

Over the past few months, the largest investment banks in the United States and the EU announced a total dismissal of about 30 thousand employees amid falling trade volumes, costs optimizations, automation and actions of the authorities of developed countries. The bulk of the layoffs in the current...

The Paris court fined € 500 thousand and sentenced to imprisonment for a term of one year Head of the Swiss HSBC affiliate for wealthy clients Peter Braunwalder. The court decision was made in January 2019, but was published only now. According to Bloomberg, referring to the court document, the...

The new chief executive officer of BMW would be Oliver Zipse.   While grappling with the challenge that the advent and growing popularity of electric cars, BMW is hopeful that Zipse, who was described as a "decisive" company lifer, would be able to guide the company through the turbulent...

Julien Balkany, Chairman of Panoro Energy. DMR – As the Chairman of Panoro Energy could you describe your activity, what place and positioning does your company have in the oil industry? Julien Balkany - As the Chairman of Panoro Energy, I am responsible for both the leadership and stewardship of...