‘News of the World’ shut down in bid to end phone-hacking scandal
James Murdoch, the chairman of News International, which owns the newspaper, announced that the final edition would be published this weekend, citing the “inhuman” alleged behaviour of some staff as prompting the decision. The 168-year-old newspaper will donate all this weekend’s revenues to good causes and would not accept...
After Taking A $10 Billion Bailout, Goldman Sachs Announces It Will Outsource 1,000 Jobs To Singapore
Less than three years after receiving $10 billion in bailout money from American taxpayers, Goldman Sachs informed its employees recently that it will fire 1,000 workers in the United States and elsewhere, shifting their jobs to the cheaper Singaporean labor market. According to Fox Business, Goldman Sachs has quietly informed...
Saudi slaps quotas to boost local jobs
JEDDAH, Saudi Arabia — Saudi Arabia has imposed new quotas on companies in the kingdom to employ local staff, with cuts in permits for foreign workers if they fail to comply. The labour ministry on Saturday launched the latest stage of its "Nitaqat" (Ranges) programme aimed at prodding local firms to employ Saudis as the oil-rich...
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