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Canadian billionaire Kevin O'Leary slams 4-day week idea
Canadian billionaire Kevin O'Leary has slammed the four-day workweek as 'the stupidest idea' he's encountered, despite acknowledging shifts in work post-pandemic. He argues that productivity, not fixed hours, matters, with 40% of his staff working remotely. O'Leary also advised young professionals to curb daily spending on coffee and sandwiches, urging them to save and invest instead for long-term wealth.
Next boss warns over ‘dramatic fall’ in UK entry-level jobs
Peer’s comments come as Milburn report is likely to find government has failed to tackle youth unemploymentBusiness live – latest updatesThe boss of Next has sounded the alarm about a “dramatic fall” in the number of entry-level jobs in the UK and its impact on youth unemployment, saying the retailer now receives twice as many applicants for each role than two years ago.Lord Wolfson said the clothing and homeware chain, where he has been chief executive since 2001, typically received 10 applicat...
Private Credit Losses May Hit Insurers More Than Banks, ECB Says
European insurers and pension funds would likely be hit harder than banks by fallout from losses in the private credit industry, the European Central Bank said after simulating a “severe” shock to the market.
Hong Kong-Listed Biotech Insilico Is Said to Explore UAE Listing
Hong Kong-listed biotech firm Insilico Medicine Cayman TopCo is considering a secondary listing in Abu Dhabi, people familiar with the matter said, in a deal that would make it the first company from outside the Gulf to list shares on a regional exchange.
Indonesia Probes Major Palm Oil Companies on Export Price Issues
Indonesia is probing some of the world’s biggest palm-oil companies for suspected export abuses, adding to the upheaval in the industry days after the government announced a plan to nationalize shipments of the crop.
Next boss warns of youth unemployment ‘crisis’ as shop vacancies drop
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Danish Central Bank Warns of Housing Risks as Price Gains Spread
A surge in Copenhagen home prices is spilling over to the rest of Denmark, posing growing risks to the country’s lenders, the central bank said.
Hedge Funds Backing Futu, Up Fintech Hit by China Crackdown
China’s crackdown on cross-border trading sent the shares of popular brokers Futu Holdings Ltd. and Up Fintech Holding Ltd. plummeting, threatening pain for hedge funds and other investors who back these firms.
SpaceX IPO Buzz Grows, But History Of Big Listings Warns Investors
SpaceX's debut is expected to be followed by OpenAI and Anthropic, tapping into demand for AI-related companies
Global Oil Price Rises After U.S. Strikes in Iran Cloud Peace Deal
Optimism for a resolution to the conflict and the reopening of the Strait of Hormuz was checked after the United States said it had carried out strikes on missile launch sites in Iran.
Vape shops but no jobs: one young man’s search for work in Grimsby
The Lincolnshire seaside town is often written off by YouTubers as a place defined by deprivation and decline. But for many young people it's a place they love and are proud to call home, even though high unemployment limits their opportunities. The Guardian follows 19-year old Cohen, who is desperate to find a permanent job while running a mascot hire company and chasing his dream of becoming a professional wrestlerThis video is part of a year-long project, Against the tide, from the Guardian’...
Muthoot Finance Eyes Overseas Borrowings in FY27
George Alexander Muthoot, Managing Director at Muthoot Finance, discussed the recent gold import hike in India and said he will look to raise funds via external commercial borrowings to diversify its funding base this fiscal year. He speaks exclusively with Paul Allen on Insight with Haslinda Amin. (Source: Bloomberg)
Ethio Telecom Lists on Bourse, Marking Ethiopia’s First IPO
Ethio telecom listed on Ethiopia’s nascent stock market more than a year since the close of its initial public offering and marking the nation’s maiden IPO.
European Stocks Steady as Traders Watch Iran War; Ferrari Drops
European stocks were muted after six days of gains as traders monitored the latest tensions in the Middle East for signs the US and Iran are nearing a deal.
Malaysia Jolts Bullion Trade With 10% Import Duty on Gold Bars
Malaysia has imposed a 10% import duty on some gold bar shipments, according to traders familiar with the matter, disrupting the bullion trade in the Southeast Asian nation.
Thai Billionaire Charoen Sirivadhanabhakdi’s Frasers Property Sells European Properties To REIT For $343 Million
Billionaire Charoen Sirivadhanabhakdi's Frasers Property said the divestment of its European logistics properties was in line with the strategy to recycle capital as part of active portfolio management of stabilized and mature investment properties.
B&Q owner says sales slow as ‘late start’ to spring holds back shoppers
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India-US ink rare earth pact as China concerns grow: How New Delhi could benefit
India and the US have signed a bilateral framework to secure supplies, mining, and processing of critical minerals and rare earth elements. This agreement aims to strengthen resilient and diversified supply chains, fostering collaboration on financing and management of these vital resources. The pact underscores the strategic importance of the growing partnership between the two nations.
China Lets Policy Loan Rate Fall to Record Low to Boost Economy
China let the interest rate on a one-year policy loan to banks decline to a record low, according to people familiar with the matter, a sign Beijing is stepping up efforts to support an economy that’s losing momentum.
Fuel, Extreme Heat, El Nino: Why India "May Have A Terrible Year Ahead"
A weak monsoon, soaring temperatures, costly crude oil and food inflation could combine to squeeze households, businesses and economic growth in 2026.