Malaysia's Malindo Air Asks Staff to Take Up to 50% Pay Cut to Cushion Coronavirus Blow

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Malaysia's Malindo Air Asks Staff to Take Up to 50% Pay Cut to Cushion Coronavirus Blow

KUALA LUMPUR — Malindo Air has ordered its staff to take up to a 50% pay cut and two weeks unpaid leave as the coroanvirus epidemic hurts air travel demand and the broader industry, according to a memo sighted by Reuters. In a company-wide memo …
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Your Retirement Depends on Knowing These 5 Things About Your 401(k)

Back when you were in grade school, passing a quiz involved memorizing random facts. Heck, you can probably still recite the 50 U.S. state capitals or the periodic table of elements. Unfortunately, adulthood ushers in a new set of tests, and knowing capitals …
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China's Dystopian Coronavirus 'Back to Work' Campaign

HONG KONG—People in today’s China are only too aware that algorithms crawl over all social media posts, and that multiple cameras are aimed at all street corners. But the coronavirus epidemic and its fallout have heightened the sense of dystopian …
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Mike Bloomberg's $620 Million Campaign Did Really Well—in American Samoa

Mike Bloomberg's $620 Million Campaign Did Really Well—in American Samoa. Billionaire former mayor blanketed the island, as he did elsewhere,
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In 2008, a Legendary VC Firm Warned of an Economic Crisis. It Just Sent the Same Alert About the Coronavirus

On Thursday, the venerable venture capital firm Sequoia Capital sent a warning about the economic effects of the coronavirus to the founders and CEOs of companies where it’s made investments. It also shared that warning with the general public.
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