Bloomberg ByteDance Ltd. is offering to buy back shares from its employees, ramping up efforts to boost staff morale after plans for an initial public offering stalled. The Beijing-based company, parent of the hit TikTok video app, informed employees on Wednesday that it will repurchase shares at a price of $155 per restricted stock unit to help those who ...

Bloomberg Oil slumped as concerns over a global slowdown and weaker demand vied with a tightening supply outlook after Opec+ cut output. West Texas Intermediate traded near $90 a barrel, after earlier falling as much as 2.9%. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the US and global economies are likely to sink into recession next year, ...

  Dubai / Gulf Time Etisalat UAE, branded as etisalat by e&, on Tuesday announced a memorandum of understanding (MoU) with Emirati Talent Competitiveness Council (ETCC) to participate in the Nafis initiative that will involve the hiring and empowering of more than 500 Emirati professionals in its retail, customer service, technology and IT space in a span of five years. ...