The unfolding story of the Murdoch family empire is often likened to a television soap opera: there is plenty of jetsetting, wheeler-dealing, power-broking and personal intrigue.
Yet Rupert Murdochs dominance of the media scene in Britain, America and Australia has been established for such a long time now that, if it were a fiction, fresh plotlines would be in danger of running out. We have already seen sibling rivalry, feuds, treachery, marital discord and public moral outrage.
But the write…
SocGen posts earnings miss as it sets aside more for coronavirus-related loan losses – CNBC
Societe Generale reported a net loss of 1.26 billion euros for the second quarter of the year, missing market expectations.
Societe Generale reported a net loss of 1.26 billion euros for the second quarter of the year, missing market expectations, as the bank set aside more capital due to the pandemic and reduced the value of its trading business.
The French bank decided to make further provisions of 653 million euros to deal with potential risks from the ongoing crisis.
“While April and May were heavily impacted by the reduction in activity of numerous economies around the world, the rebound in activities from mid…
Dollar wobbles as investors grow anxious about pandemic toll on U.S. economy – Investing.com
Dollar wobbles as investors grow anxious about pandemic toll on U.S. economy
By Hideyuki Sano
TOKYO (Reuters) – The U.S. dollar gave up brief early gains on Monday as mounting concerns about a slowing U.S. economic recovery from the coronavirus pandemic hobbled the currency after a brief rebound late last week.
The euro traded almost unchanged at $1.1768 (EUR=), coming off a low of $1.1741 touched earlier in the session, though it is still more than a cent below Friday’s two-year high of $1.1908.
The common currency hit a speed bump on some technical signs of being o…
Alibaba expanded during the SARS health crisis — and its co-founder has advice to share – CNBC
Leading a company through crisis is no mean feat. For those that get it right, it can be an opportunity to set the business apart from the pack, according to Alibaba’s executive vice chairman.
Leading a company through a crisis is no mean feat and for some, it can be their undoing. But for those that get it right, it can be an opportunity to set the business apart from the pack.
That was the case for Chinese technology giant Alibaba Group, executive vice chairman and director of Alibaba’s entrepreneur fund Joe Tsai said in a recent interview.
Now an e-commerce giant worth some $678 billion, Alibaba was about to launch Taobao, its online marketplace for consumers,in 2003 when crisi…
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