PwC is ‘tipping the balance’ of hybrid working and will start tracking its workers’ locations
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PwC has demanded staff spend less time working from home—and it’s going to start tracking their location to ensure they comply.
https://fortune.com/europe/2024/09/06/pwc-tipping-balance-hybrid-working-tracking-workers-locations/
Rivian CEO says he deliberately didn’t follow the same strategy that Elon Musk set out at Tesla
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Scaringe's over decade long path from founding Rivian to delivering its first vehicle is finally paying off, and Musk's politics are now even aiding him.
https://fortune.com/2024/09/06/rivian-tesla-electric-vehicles-elon-musk-rj-scaringe-investors/
Bill Gates identifies the biggest burden being passed on to his children after seeing his daughter harassed online
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Microsoft founder Bill Gates said he had been naive in assuming that "when we made information available, that people would want correct information."
https://fortune.com/2024/09/06/bill-gates-misinformation-burden-generations-freedom-speech-rules/
Telegram CEO Pavel Durov hits ‘misguided approach’ of French charges against him in first public comments
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In a Telegram post late Thursday, Durov defended himself against the French judicial investigation, suggesting that he shouldn't have been targeted personally.
https://fortune.com/2024/09/06/telegram-ceo-pavel-durov-misguided-approach-french-charges/
Harris campaign raised $361 million in August—more than double Trump haul
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The massive Harris war chest is being used to fund a $370 million paid media effort for the final two months of the campaign.
https://fortune.com/2024/09/06/harris-campaign-raised-361-million-august-double-trump-haul/
Darktrace CEO and former Mike Lynch protege Poppy Gustafsson steps down before $5.3 billion takeover completes
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Darktrace announced co-founder Gustafsson, who worked for Mike Lynch at Autonomy, would be stepping down with immediate effect.
https://fortune.com/europe/2024/09/06/darktrace-ceo-poppy-gustafsson-steps-down/
Treasury says IRS push has recovered $1.3 billion in unpaid taxes from wealthy since late 2023
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Between 2010 and 2018, the audit rate for millionaires fell by 80%, according to Treasury Secretary Janet Yellen.
https://fortune.com/2024/09/06/treasury-irs-recovered-billion-unpaid-taxes-wealthy-late-2023/
Real estate developer convicted alongside New Jersey Sen. Bob Menendez pleads guilty to bank fraud
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Fred Daibes, 67, entered the plea in U.S. District Court in Newark, the U.S. Attorney's office said in a statement.
Trump tells business leaders that increasing tariffs on foreign imports will help solve rising child care costs
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In June, the right-leaning Tax Foundation estimated that Trump’s proposed tariffs would amount to a $524 billion yearly tax hike that would shrink the economy and cost the equivalent of 684,000 jobs.
https://fortune.com/2024/09/06/trump-increasing-tariffs-foreign-imports-rising-child-care-costs/
Summer 2024 officially sweltered to Earth’s hottest on record
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Human-caused climate change, with a temporary boost from an El Nino, keeps dialing up temperatures and extreme weather.
https://fortune.com/2024/09/06/summer-2024-officially-sweltered-earth-hottest-record/
Russia’s newest tactic to inject pro-Moscow content into U.S. politics is paying Americans to do the work
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Prosecutors say two employees of RT, a Russian outlet formerly known as Russia Today, funneled $10 million to the U.S. media company.
https://fortune.com/2024/09/06/russia-tactic-pro-moscow-content-us-politics-paying-americans/
Atlantic City’s top-performing Borgata casino was short on its online gambling taxes by $1.1 million, regulators say
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The state Division of Gaming Enforcement said the casino was ordered to pay the full amount of taxes due, with penalties and interest totaling $1.3 million.
https://fortune.com/2024/09/06/atlantic-citys-borgata-casino-underpaid-online-gambling-taxes/
Greece won’t be turning into Switzerland or Sweden any time soon as economy continues to suffer after years of recession
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"Younger people don't have many opportunities here to start their life and invest in their dreams."
https://fortune.com/europe/2024/09/06/greece-switzerland-sweden-economy-suffer-recession/
Seven & i Holdings says Alimentation Couche-Tard’s takeover bid ‘grossly undervalues’ the 7-Eleven owner
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Alimentation Couche-Tard CEO Brian Hannasch is confident the Canadian firm has enough funds to carry out an acquisition.
The U.S. will impose new export controls on quantum computing to stop China getting access to cutting-edge tech
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The new rules cover all exports, yet include exemptions for countries that impose their own controls—important to get U.S. allies on board.
Fired CFO alleges bank invented relationship story as reason to force her out
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Nadine Ahn claims she and Ken Mason, a former bank executive, were nothing more than “good friends,” and Ahn never abused her power to orchestrate pay raises for him.
Paramount’s Redstone to receive around $530 million between severance, benefits and sale
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Redstone holds a 20% stake in National Amusements and is in line to receive about $350 million from its sale.
Deutsche Bank CEO urges Germans to work harder to pull the country out of its economic lull
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“We simply have to tell our fellow citizens that we have to do more again,” Deutsche Bank’s Christian Sewing said.
https://fortune.com/europe/2024/09/05/deutsche-bank-ceo-germany-work-harder/
The CrowdStrike outage had an outsized impact on Delta, analysts say—and its rivals are soaring because of it
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Delta’s concentrated Atlanta hub and varied fleet made it vulnerable, according to Bernstein.
Hunter Biden avoids tax trial with surprise guilty plea
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With the surprise guilty plea, Biden will avoid the trial over failing to pay at least $1.4 million in taxes.
https://fortune.com/2024/09/05/hunter-biden-avoids-tax-trial-surprise-guilty-plea/