newszine

Alibaba CEO rules out layoffs this year

15 hours ago DieselGasoil Comments Off on Alibaba CEO rules out layoffs this year
FILE PHOTO: Daniel Zhang, Chief Executive Officer of Alibaba Group Holding Ltd., attends the Alibaba Group’s 11.11 Singles’ Day global shopping festival in Shanghai, China, November 11, 2017. Picture taken November 11, 2017. REUTERS/Aly Song SHANGHAI (Reuters) – Alibaba Group Holding Ltd expects to avoid layoffs this year despite China’s economic slowdown, CEO Daniel Zhang Read More

Belgian Nazi collaborators still receive pensions for ‘loyalty’ to Hitler – media

2 days ago DieselGasoil Comments Off on Belgian Nazi collaborators still receive pensions for ‘loyalty’ to Hitler – media
Almost 75 years after the end of World War II, a small number of Belgians who pledged allegiance to Hitler are still getting what the Nazi leader promised to them – loyalty bonuses that have never been taxed, local media reports. Twenty-seven Belgians continue to receive between €425 and €1,275 (US$482-$1,446) per month from the Read More

Citigroup CEO gets $24 million as compensation in 2018

7 days ago DieselGasoil Comments Off on Citigroup CEO gets $24 million as compensation in 2018
(Reuters) – Citigroup Inc said on Friday its Chief Executive Michael Corbat will get a 4.35 percent raise, bringing his total compensation for 2018 to $24 million. FILE PHOTO: Chief Executive Officer of Citigroup Michael Corbat speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne Corbat’s total compensation included Read More

Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber

7 days ago DieselGasoil Comments Off on Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber
SANTIAGO/BUENOS AIRES (Reuters) – Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America’s fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official. FILE PHOTO: The logo of Didi Chuxing is seen at a Didi station in Beijing, China Read More

Kværner ASA: Kvaerner’s orderbook up, revenues up, dividend proposed

2 weeks ago DieselGasoil Comments Off on Kværner ASA: Kvaerner’s orderbook up, revenues up, dividend proposed
12 February 2019 – Kvaerner delivered sound results for the fourth quarter and full year 2018, in line with what has previously been communicated. For the second year in a row, the orderbook increased. Order backlog at the end of 2018 was NOK 10 625 million versus NOK 8 077 million a year before. Also Read More

UBS revamps compensation scheme for 10,000 staff

2 weeks ago DieselGasoil Comments Off on UBS revamps compensation scheme for 10,000 staff
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – UBS (UBSG.S) has reorganized its pay policy for 10,000 back-office workers, Switzerland’s biggest lender said on Monday, changing how their bonuses are calculated. The staff — mainly working in functions like human resources, Read More

UBS overhauls pay policy for 10,000 employees: Financial Times

2 weeks ago DieselGasoil Comments Off on UBS overhauls pay policy for 10,000 employees: Financial Times
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo (Reuters) – UBS AG (UBSG.S) has overhauled its pay policy for 10,000 staff in an attempt to reduce uncertainty about bonuses and cut the amount of time managers spend on allocating them, the Financial Times reported Read More

Chevron aligns strategy with Paris deal but won't cap output

2 weeks ago DieselGasoil Comments Off on Chevron aligns strategy with Paris deal but won't cap output
By Kevin Crowley and Eric Roston on 2/7/2019 Photo: Chevron. HOUSTON and NEW YORK (Bloomberg) — Chevron Corp. vowed to cut greenhouse gas emissions in alignment with the Paris Accord on climate change, potentially averting a shareholder rebellion at its annual general meeting. The U.S. oil major pledged to reduce air pollution intensity by 25% Read More

Chevron ties executive pay to methane and flaring reduction targets

2 weeks ago DieselGasoil Comments Off on Chevron ties executive pay to methane and flaring reduction targets
HOUSTON (Reuters) – Chevron Corp plans to set greenhouse gas emissions targets and tie executive compensation and rank-and-file bonuses to the reductions, the oil major said in its latest climate report released on Thursday. FILE PHOTO – The logo of Dow Jones Industrial Average stock market index listed company Chevron (CVX) is seen in Los Read More

Brazil eyes management overhaul for Vale after dam disaster

4 weeks ago DieselGasoil Comments Off on Brazil eyes management overhaul for Vale after dam disaster
BRUMADINHO, Brazil (Reuters) – Brazil’s government weighed pushing for a management overhaul at iron ore miner Vale SA on Monday as grief over the hundreds feared killed by a dam burst turned into anger, with prosecutors, politicians and victims’ families calling for punishment. By Monday night, firefighters in the state of Minas Gerais had confirmed Read More