- A + A (Jan 17): The banker tasked with fixing Credit Suisse Group AG was ousted just nine months into the job for breaching Covid quarantine rules, throwing the Swiss financial giant into fresh turmoil as it struggles to emerge from a series of scandals. Antonio Horta-Osorio’s departure, unveiled in a surprise midnight announcement on Monday, brings an abrupt end to the tenure of a turnaround specialist who promised to instill a culture of personal responsibility at the bank after its most turbulent period since the financial crisis. He was replaced by Axel P. Lehmann, a Credit Suisse board member who oversees the risk committee but is little known outside Zurich. Horta-Osorio, who received a British knighthood after reviving Lloyds Banking Group Plc., is leaving after an investigation by the bank into reports that he broke quarantine protocols in the Switzerland and the U.K., underscoring the growing pressure on business, political and even sporting elites who … [Read more...] about Credit Suisse plunged into chaos after Horta-Osorio ousted
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Brian Klaas is an associate professor of global politics at University College London and a columnist for the Washington Post , where he frequently comments on U.S. foreign policy and democratization. For his latest and fourth book exploring the acquisition and repercussions of power, he traveled around the globe and interviewed more than 500 powerful people—from CEOs to cult leaders—and scoured the world for experts who research power, such as neuroscientists, behavioral economists, and anthropologists. advertisement advertisement Below, Klaas shares five key insights from his new book, Corruptible: Who Gets Power and How It Changes Us . Listen to the audio version—read by Klaas himself—in the Next Big Idea App. 1. Power doesn’t just corrupt—it attracts the corruptible. We’ve all heard Lord Acton’s famous aphorism: power tends to corrupt, and absolute power corrupts absolutely. Lord Acton was correct, but that’s just the tip of the iceberg. … [Read more...] about I interviewed more than 500 powerful people—from CEOs to cult leaders. Here’s why second-in-command is better
BELGRADE (Reuters) - Serbia's premier on Sunday denounced as "scandalous" Australia's decision to deport tennis superstar Novak Djokovic over his decision not to be vaccinated against COVID-19, and the Serbian president said he would always be welcome in his homeland. A unanimous ruling by a three-judge bench rejecting Djokovic's appeal against the cancellation of his visa dealt a final blow to his hopes of chasing a record 21st Grand Slam win at the Australian Open. "I think the court decision is scandalous...I find it unbelievable that we have two completely contradictory court decisions within the span of just a few days," Serbian Prime Minister Ana Brnabic told reporters in Belgrade. "I am disappointed...I think it demonstrated how the rule of law is functioning or better to say not functioning in some other countries. In any case, I can hardly wait to see Novak Djokovic in our own country, in Serbia." Djokovic, 34, boarded an Emirates flight in Melbourne bound for … [Read more...] about Serbia says Australia’s decision to deport Djokovic ‘scandalous’
The Kansas City Chiefs beating the Pittsburgh Steelers 42-21 Sunday night put up some big TV ratings. According to TVSeriesFinale.com , Patrick Mahomes and the Chiefs beating the Steelers and Big Ben averaged 22.74 million viewers in the early data. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) Due to the fact it was a live sporting event, the final number will be higher. View this post on Instagram A post shared by Kansas City Chiefs (@chiefs) Folks, that’s an absolutely absurd rating for any football game other than the Super Bowl. It was a Wild Card round game, and it averaged nearly 23 million viewers! If that’s not insane, I don’t know what is. As I’ve said too many times to count, business is booming for the NFL, and there’s no doubt about that. View this post on Instagram A post shared by … [Read more...] about The Chiefs Beating The Steelers Puts Up Huge TV Ratings
Share prices of Rivian Automotive ( NASDAQ:RIVN ) briefly fell to $75.13 per share on Friday before closing the session at $79.95 per share. It was the first time Rivian stock dipped below its initial public offering (IPO) price of $78 per share. The sell-off marks over a 55% drawdown from the stock's all-time intraday high of $179.47 per share set on Nov. 16, 2021. Here are arguments for and against buying the electric vehicle (EV) stock now. Image source: Rivian Automotive. Take advantage of inefficient markets Howard Smith : Markets aren't always efficient, and that's how investors can gain an advantage. While Rivian shares have dropped recently in concert with many high-growth tech names, one of the biggest dips came with the news that Amazon ( NASDAQ:AMZN ) was starting a partnership with Chrysler parent Stellantis ( NYSE:STLA ) to supplement its supply of electric delivery vans. Prior to this news, investors only knew that Amazon -- an early … [Read more...] about Rivian Stock Just Fell Below its IPO Price of $78 Per Share: Time to Buy?
Share to Twitter Share to Linkedin The Australian Open (“AO”) is one of the year’s premier professional tennis events with a global viewership of nearly one billion viewers. This year, in partnership with Tennis Australia and Decentraland, the Australian Open is fully immersing itself in the world of NFTs and the metaverse. "We had over 812,000 people attend AO2020 - which was a record year for us. Numbers were understandably down in 2021, however we're seeing fantastic ticket sales in the lead up to AO2022. We're certainly seeing a drive from Melbournians to return to live sport and we can't wait to see hundreds of thousands of people back in the precinct enjoying the AO's festival of sport and entertainment," said Cedric Cornelis, Tennis Australia Chief Commercial Officer Metaverses such as Decentraland and Sandbox are virtual worlds where users can own, develop, and interact with digital land through their VR headsets or internet browsers. These crypto and … [Read more...] about The Australian Open Swings Into The Metaverse, Will It Be An Ace?
Share to Twitter Share to Linkedin Bitcoin, cryptocurrencies and NFTs have had a mixed beginning to 2022, with the bitcoin price recording one of its worst-ever starts to a new year. Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains However, the non-fungible token (NFT) market has gone from strength to strength as marketplace OpenSea generated nearly $2.7 billion in volume since January 1 and is on track for its highest volume month ever. Ethereum and its biggest rivals Binance's BNB, solana and cardano have also struggled along with bitcoin. Now, after an investment giant issued a shock bitcoin prediction , cryptocurrencies and NFTs are braced for some of the biggest names in crypto to come together for the North American Bitcoin Conference—with billionaire investor Mark Cuban set to join crypto-friendly Miami Mayor Francis Suarez on stage. Subscribe now to … [Read more...] about Bitcoin, Crypto And NFTs Are Braced For A Big Week As Extreme Price Swings Hit Ethereum, BNB, Solana, Cardano And XRP
The president of the Airlines Association of Thailand says the government must allow the Test & Go entry scheme to resume as soon as possible. The scheme was suspended on December 21 as the Omicron Covid variant was just starting to spread rapidly across the globe. Puttipong Prasarttong-Osoth, who is also the boss of Bangkok Airways, says the scheme was working well, attracting more foreign visitors to the kingdom, and airlines are anxious to see it rebooted.Puttipong says the government needs to assess the severity of Omicron and resume Test & Go based on the number of serious infections. Since the scheme’s suspension, international arrivals must choose between mandatory quarantine in Bangkok or one of the country’s sandbox schemes, all in the south. If they opt for one of the sandbox entry schemes, they have to spend a minimum of 7 nights in Phuket, Krabi, Phang Nga or Koh Samui and then test negative for Covid-19 before being free to travel elsewhere in Thailand.Puttipong is … [Read more...] about Thailand News Today | 400+ Bars Apply To Re-open as Restaurants
A wild week of upsets led to big changes in the AP Top 25. Amid the chaos, a familiar team returned to the top. Preseason No. 1 Gonzaga climbed back to the top of The Associated Press men’s college basketball poll released Monday, ending Baylor’s five-week run. The Bulldogs had 25 first-place votes, 11 fewer than No. 2 Auburn, but edged the Tigers in overall points to take the top spot. Auburn has its highest ranking since reaching No. 2 in 1999-2000 after moving up two spots. Arizona, Purdue and Baylor rounded out the top five. Gonzaga (14-2, 3-0 West Coast) continued its roll since losing to Alabama on Dec. 4, stretching its winning streak to seven games with blowouts over BYU and Santa Clara last week. The rest of the AP Top 25 didn’t fare quite as well, with 13 teams losing, including nine on Saturday. Eight teams lost to unranked opponents. Baylor’s tenure at the top ended with losses to No. 18 Texas Tech and Oklahoma State. It was the first time the Bears lost … [Read more...] about AP men’s college basketball poll: Gonzaga back at No. 1, CSU Rams earns votes