China’s JD.com boss criticizes ‘slackers’ as company makes cuts By Reuters

© Reuters. FILE PHOTO: Liu, CEO and founder of China’s e-commerce company JD.com, speaks during an interview with Reuters in Beijing By Josh Horwitz and Brenda Goh SHANGHAI (Reuters) – Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate about the Chinese tech industry’s grueling overtime work culture, lamenting that years of growth had increased the number of “slackers” in his firm who are not his “brothers.” Liu’s comments, which Chinese media said were posted on his personal WeChat feed on Friday,…

Import prices March 2019

Tim Rue | Bloomberg | Getty Images The Yang Ming Marine Transport Corp. Oakland cargo ship is guided into the Port of Oakland by a pair of AmNav tugboats as an engineer tends to mooring lines in Oakland, California. U.S. import prices increased for a third straight month in March, driven by higher fuel prices, but the underlying trend remained soft. The Labor Department said on Friday import prices rose 0.6 percent last month, boosted by increases in the costs of fuels and industrial supplies. Data for February was revised…

With Brexit Delayed, British Businesses Say: Enough Already

An extension to the negotiations “comes with costs and uncertainty,” Josh Hardie, the deputy director-general of the Confederation of British Industry, said in an interview. Businesses “place their bets on other countries” if Britain is no longer perceived as a gateway to Europe. “That’s already happening — it’s not something that will just happen with Brexit,” he said. Roni Savage, the director at Jomas Associates, an engineering consulting firm with 15 employees, has already seen the knock-on effect of the Brexit impasse. Her firm surveys ground conditions for construction companies.…

Diversify or die: Why the next Alberta premier must look beyond oil

Financial Post columnist Kevin Carmichael talks about why now, as the world pivots away from fossil fuels, is the time for Alberta to reposition its economy. But the way forward won’t be easy. It will take psychological change, economic change and fiscal change. 'A stampede of stupid': Alberta's energy sector fighting Ottawa on three fronts Canada's oil and gas sector to lose over 12,000 jobs this year, PetroLMI report predicts 'We're going to get this pipeline built': Trans Mountain approval to come by end of May, Rachel Notley says Source…

Uber Seeks Valuation of Up to $100 Billion in IPO – Report

Ride-sharing company Uber Technologies is set to tap the markets with a $10 billion initial public offering, according to a report from Reuters. The stock sale, which would rank among the largest IPOs in history, could value the company at up to $100 billion, the report stated. The necessary government filings, which are expected to be made Thursday, come just weeks after the company’s smaller rival Lyft (LYFT had a disappointing offering in March. Lyft was priced at $72 a share but recently was trading around $67. Uber has had…