News That Matters

Tag: leave

Hong Kong protests: ‘We don’t want to leave but may have no choice’

Hong Kong protests: ‘We don’t want to leave but may have no choice’

Business
Hong Kong seemed an obvious place for co-founders Jamie Wilde and Taylor Host to set up their artificial intelligence start-up.They had lived there for several years and knew the financial hub well. "It's a business-friendly jurisdiction, easy to build a professional team and it's easy to raise financing here," British-born Mr Wilde says.The co-founders set up Miro in Hong Kong in 2017. The firm uses artificial intelligence and computer vision to gather data for sportswear companies to enable them to target consumers more effectively.Business was looking up, sales were growing and investors from the US were keen to invest in the start-up. But then Hong Kong got hit by a double whammy: it became caught in the cross-fire of the US-...
In a scene reminiscent of the financial crisis, axed Deutsche Bank workers leave with belongings

In a scene reminiscent of the financial crisis, axed Deutsche Bank workers leave with belongings

Finance
The scene was solemn at Deutsche Bank's offices in London, New York and Tokyo on Monday as scores of employees, belongings in hand, left their desks for the final time as the German lending giant began one of the largest rounds of layoffs since the financial crisis.Carrying boxes and envelopes containing personal effects and A4 forms, Deutsche workers started their work week by collecting their belongings and emptying their desks.People exit Deutsche Bank's Manhattan headquarters with white envelopes that are reportedly their exit papers following news that the global banking giant will be letting go of thousands of employees due to a major restructuring at the German bank on July 08, 2019 in New York City.Spencer Platt | Getty ImagesMonday's exodus represented the first wave of several ro...
Gareth Bale: Real Madrid star urged to leave and return to the Premier League this summer

Gareth Bale: Real Madrid star urged to leave and return to the Premier League this summer

Sports
Gareth Bale has gone ‘stale’ at Real Madrid and he needs to move back to the Premier League to get his mojo back.That’s according to Sam Allardyce, who believes it’s time for the Welshman to end his stay in Spain. Bale’s time at the Bernabeu – where he has won 14 trophies, including four European Cups, in six years – has turned sour with manager Zinedine Zidane keen to offload him this summer. Getty Gareth Bale was dropped from the Real Madrid team towards the end of the season Despite scoring one of the greatest ever Champions League final goals a little over 12 months ago, Bale is not in Zidane’s plans and was dropped for the last three games of the season. And he has fallen further down the pecking order since the transfer window opened, following the a
Debenhams CEO to leave troubled retailer

Debenhams CEO to leave troubled retailer

Business
Debenhams has confirmed that its chief executive Sergio Bucher will step down this week, days after the troubled retailer entered into administration and was taken over by its lenders.A search has begun for Mr Bucher's successor and in the meantime non-executive chairman Terry Duddy will assume the role of interim executive chairman. Before Debenhams fell into administration this month, Mr Bucher failed in being re-elected to the board at the last annual general meeting in January, after two major shareholders voted against him.However, in a rather unusual situation, the board and Mr Bucher agreed at the time that he should continue as CEO and report to the board.The outgoing CEO was Amazon's senior vice president of fashion before joining Debenhams in 2016. ...