Bloomberg Citigroup Inc. reduced the compensation of outgoing Chief Executive Officer (CEO) Michael Corbat by 21% to $19 million for 2020, a year in which regulators sanctioned the lender over its internal controls. Corbat, who is ceding CEO job to Jane Fraser, was granted stock awards totaling about $12.3 million; a cash bonus of $5.3 million and a $1.5 million salary, …

Bloomberg Imagine a world without Google, the search engine so pervasive it’s the starting point for more than five billion queries a day. That’s the reality facing Australia, where the tech giant is threatening to unplug its homepage in a standoff with the government. Google opposes a planned law that would force the company and Facebook Inc. to pay Australian …

Bloomberg Kuaishou Technology, the operator of China’s most popular short-video service after ByteDance Ltd.’s Douyin, jumped 161% in its Hong Kong debut after a $5.4 billion initial public offering that attracted hundreds of billions of dollars of orders. The shares closed at HK$300 after rising to as high as HK$345, compared with the IPO price of HK$115, valuing the Tencent …