Category: Business

French video games group Ubisoft announced several staff departures on Saturday after conducting a review in response to allegations of misconduct at the company, which earlier reports said centered around sexual misconduct charges. The changes were initiated to improve “workplace culture”, the company said. The group’s chief creative officer, managing director of its Canadian studios […]

Mickey waved from a distance and visitors wore colorful face masks with mouse ears on Saturday as Florida’s Walt Disney World opened to the public for the first time in four months amid a surge of coronavirus cases in the state. Walt Disney Co (DIS.N) welcomed a limited number of guests to its two most […]

Engie (ENGIE.PA) will designate a new chief executive officer in September as the former French gas monopoly pushes ahead with a transformation towards renewable energies and client solutions, executives told Le Journal du Dimanche newspaper. Earlier this year, Engie’s board of directors decided not to renew the mandate of CEO Isabelle Kocher, at the time […]

WeWork Executive Chairman Marcelo Claure said the office-sharing company was on course to have positive cash flow in 2021, a year earlier than a target the company set in February, the Financial Times reported on Sunday. Claure, in an interview with the newspaper, said WeWork has seen strong demand for its office spaces since the […]

Volkswagen (VOWG_p.DE) is replacing its head of software development, newspaper Handelsblatt reported on Sunday, as the German carmaker wrestles with the transition to electric vehicles. The newspaper said Christian Senger, a former BMW manager who runs the recently founded Car.Software.Org unit, was to be replaced after clashes with the company and concern at software problems […]

Tesla Inc (TSLA.O) cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic. The reduction follows price cuts in May on Tesla’s Model 3, Model X and Model S. The company headed by […]

Macau’s biggest junket operator Suncity, which operates VIP gambling rooms across Asia, has given rare insight into its balance sheet during a rebuttal of online criticism, saying it is financially robust and not the target of law enforcement. In a seven-minute video released on Sunday, Suncity founder Alvin Chau rejected social media posts that appeared […]