Author: News Room

Last year, BP faced an embarrassing episode when former CEO Bernard Looney resigned after the company’s board said he hadn’t been fully transparent about his personal relationships with colleagues.Now the oil giant is making sure that doesn’t happen again.BP informed all employees last week that they must disclose any intimate relationships with colleagues, or they could face disciplinary action, the company confirmed to Business Insider. This includes dismissal in some circumstances, Reuters reported. Under the new policy, employees are also prohibited “from directly or indirectly managing relatives or those with whom they’re in an intimate relationship,” according to a memo…

BEIJING (Reuters) -Chinese automakers’ plans to invest in Europe won’t be deflected by the EU’s anti-subsidy probe into Chinese-made electric vehicles, a leading Chinese auto industry association said on Tuesday. “Chinese enterprises will continue to unswervingly develop in Europe and integrate into local markets,” said Cui Dongshu, secretary general of the China Passenger Car Association (CPCA) He made the remarks while announcing a rare drop in Chinese car exports for May amid an ongoing slide in domestic sales. The European Union alleges Chinese automakers benefit unfairly from state subsidies and accuses them of dumping excess production on Europe, charges that…

Zedge, Inc. (NYSEMKT: ZDGE) has reported a 14% increase in revenue for its third quarter, driven by significant growth in its Zedge Marketplace. The company’s ad revenue saw a 20% rise, while Zedge+ subscription revenue jumped 35%. The growth in Zedge Premium’s Gross Transaction Value (GTV) by 44% and a record average revenue per monthly active user (ARPMAU) of $0.074, up 39% from the previous year, underscored the company’s strong performance. Despite a GAAP loss from operations, Zedge demonstrated a positive trajectory with an increased non-GAAP net income and diluted EPS. The company ended the quarter with a substantial cash…

Lawyers for Elizabeth Holmes, the convicted Silicon Valley grifter, are set to argue her appeal before a California court Tuesday, revisiting a case that exposed the shortcomings of the tech world’s fake-it-till-you-make-it startup culture. Holmes was sentenced to 11 years in prison for defrauding investors in her failed blood-testing company, Theranos. She is seeking a new trial, arguing that the judge in her case erred in several decisions during the 2022 proceedings. Holmes is serving her sentence at a minimum-security facility in southern Texas and, as with most defendants, is not expected to appear in court when California’s Ninth Circuit…

Anthony Pompliano has sold his Ethereum holdings to invest in Solana, citing Solana’s perceived potential to outperform Ethereum. American entrepreneur and investor Anthony Pompliano says he made a shift in his crypto portfolio, selling his Ethereum holdings to invest in Solana, as reported by Altcoin Daily. Pompliano, known for his work as the host of The Pomp Podcast, shared the reasoning behind this decision in a recent Youtube podcast, discussing Solana’s potential to outperform Ethereum in the near future. Anthony Pompliano: “I sold my Ethereum and bought Solana instead.” pic.twitter.com/oUq46FNgCu — Altcoin Daily (@AltcoinDailyio) June 11, 2024 Anthony Pompliano revealed…

LONDON — Microsoft is handing over the development of all of its best artificial intelligence tools and software to OpenAI, according to one tech CEO — which could be a boon for archrival Google.Todd McKinnon, CEO of identity security firm Okta, told CNBC on Friday that as Google looks to defend its position in search, it is “probably doing the best job of actually not having to outsource their R&D.”He noted that the so-called transformers that power today’s generative AI technologies “all came from Google.”Transformers are deep-learning models that learn context and thus meaning by tracking relationships in sequential data, such…

Another president is waiting for another verdict from another jury. Less than two weeks after Donald Trump learned he had been convicted of 34 criminal counts in his hush money case, Joe Biden is enduring his own agonizing vigil as his son Hunter awaits the outcome of his gun trial. Jurors return Tuesday morning to consider evidence against the president’s son, who has pleaded not guilty to three charges related to his buying of a gun in 2018 that prosecutors say violated federal law because he was addicted to crack cocaine. The defense argued there was no direct evidence to…

Reports of Max Verstappen’s and Red Bull’s demise were, it would appear, if not exaggerated certainly premature. The three-time world champion arrived in Canada on the back of one win in the last three races, a veritable lean spell for a man who won 19 of the 22 races on the calendar last season. The suggestion Red Bull’s stranglehold on Formula 1 could at long last be waning were strengthened on Saturday, when George Russell put his Mercedes on pole position ahead of Verstappen. Having started from the front of the grid in eight consecutive races, pole has now eluded…

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America’s older workers aren’t the type to spend some days at home in pajamas — they’re more likely to go all in on the in-office hustle.New data from the Survey of Working Arrangements and Attitudes, a monthly survey that has been running since May 2020, found that workers aged 50-64, which spans older Gen X and younger boomers, are fully on-site the most — and are also the most likely to work from home full time. The survey examined where workers of different ages clocked in from February through May 2024.This contrasts with Gen Zers and younger millennials, who are…