It’s no surprise that Elon Musk is ordering Twitter Inc. staff back to the office within a month of taking the keys to the social media company. Workers at Tesla Inc. are fully familiar with their billionaire boss’s strict preference for being present. But combine this with a weakening economy and pressure from Wall Street leaders for office working, ...

  After searching for a new chief executive officer since May, Biogen Inc. has selected industry veteran Christopher Viehbacher, who previously led Sanofi and later worked in venture capital. It’s a solid choice. Viehbacher helped steer Sanofi through turbulent times and has the experience to do the same for Biogen. Viehbacher will succeed Michel Vounatsos, who has led the company ...

  Bloomberg When the UK supermarket chains Asda and Morrisons were taken over last year, their private equity buyers took the typical step of piling them with debt. Now, that burden is becoming increasingly heavy as soaring inflation squeezes incomes, shoppers tighten their belts and borrowing costs soar. The UK’s third and fifth-largest supermarkets are facing combined annual interest bills ...

  Bloomberg Alibaba Group Holding Ltd. decided not to disclose full sales results for its signature Singles’ Day shopping festival for the first time, after forecasts that the figure may suffer a decline unprecedented in the event’s 14-year history. Alibaba said in a statement gross merchandise value (GMV) was “in line with last year’s GMV performance despite macro challenges and ...

  Bloomberg Malaysia Airlines Bhd is considering ordering 25 single-aisle jets, probably Boeing Co. 737 Max on top of an existing firm order for 25 of those planes, according to Chief Executive Officer (CEO) Izham Ismail. “Our future network requires 50 narrowbody aeroplanes, so we have still got space for 25,” Izham said on the sidelines of an annual meeting of ...

  Bloomberg Boeing Co. sees India as key to offsetting sluggish business in China, its biggest overseas market, as it tries to seal a massive aircraft order from the South Asian nation’s flag carrier and expand its presence in the country. “With uncertainty around China, the Indian market is increasingly important to us,” John Bruns, Boeing vice president of commercial ...

  Bloomberg United Airlines Holdings Inc. told pilots it will move forward a planned 5% pay hike to December “in a show of good faith,” days after the aviators rejected a proposed contract. The carrier decided to accelerate the raise based on its financial results through September and outlook for the rest of 2022, according to a letter sent by ...

  Bloomberg Coupang Inc, the South Korean e-commerce firm backed by SoftBank Group, posted its first operating profit on record after winning more customers and improving cost efficiency. The third-quarter operating profit amounted to $77.4 million, compared with a loss of $315 million on that basis a year earlier, the US-listed company said in a statement. Net revenue climbed 10% ...

Bloomberg The US and China disagree on so many things, across so many spheres, that other world leaders are increasingly warning of a deeper rupture that could split the global economy. With the stakes rarely higher, President Joe Biden heads to Bali, Indonesia, for his first in-person meeting with China’s Xi Jinping since taking office last year with promises to ...

  Bloomberg Slovenians are voting in a presidential election pitting a human-rights lawyer who has vowed to uphold the rule of law against the ally of an ousted nationalist leader criticized for undermining the country’s democratic values. Natasa Pirc Musar, who once served on the legal team of former US First Lady Melania Trump, had the edge in opinion polls ...