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Search resuls for: "Yao Yu"


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EUGENE LAW, DIRECTOR OF CHINA GALAXY INTERNATIONAL:"If the central government steps in to help Country Garden, it's for easing the debt crisis and preventing a spillover to financial institutions. But it will not help the China property market, which depends on factors, including employment and consumer confidence. Homebuyers would not rush to buy property just because Country Garden gets out of trouble. For the broader property market, the key is still home sales." Country Garden may have reached a tipping point where it will need more liquidity to fulfill such a policy goal.
Persons: Tyrone Siu, Ping, EUGENE LAW, Homebuyers, MICHAEL WONG, XU TIANCHEN, YAO, homebuyers, GARY NG, Clare Jim, Anne Marie Roantree, Edwina Gibbs, Kim Coghill Organizations: Ping An Insurance, REUTERS, Ping An Insurance Group, HK, Reuters, LU, OF CHINA GALAXY, Garden, Central Financial Work Conference, Thomson Locations: Shenzhen, China, HONG KONG
Elon Musk's X has been accused of breaking federal law for firing an employee who complained about return-to-office mandates. Five days later she was fired for breaking an unspecified company policy. AdvertisementAdvertisementTwitter illegally fired an employee who complained about Elon Musk's return-to-office mandates, the National Labor Relations Board said. AdvertisementAdvertisementThe complaint says that Yao Yue, a principal software engineer, criticized Musk's policy, tweeting "don't resign, let him fire you," and posting "don't be fired. Yue was then fired five days later in November, with the only explanation given was that she'd violated an unspecified company policy.
Persons: Elon Musk's, Yao Yue, , didn't, Musk, Slack, Yue, I’m, witter Organizations: Service, Twitter, National Labor Relations Board, NLRB, X, CNBC, ue 岳 峣, EO Locations: usk
'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsOct 13 (Reuters) - Elon Musk's X illegally fired an employee in retaliation for her internet posts challenging its return-to-office policy, the U.S. labor board alleged on Friday. In the complaint, a regional director of the U.S. National Labor Relations Board (NLRB) accused X — formerly known as Twitter — of violating the federal law that prohibits punishing employees for communicating and organizing with others about their working conditions. Employee Yao Yue responded with a post on Twitter telling fellow workers, "Don't resign, let him fire you." A few days later, she was terminated in violation of the National Labor Relations Act, according to the complaint.
Persons: Carlos Barria, Elon Musk's, X, Musk, Yao Yue, Samrhitha, Brendan Pierson, Maju Samuel, Alexia Garamfalvi, Josie Kao Organizations: REUTERS, U.S . National Labor Relations Board, Twitter, NLRB, National Labor Relations, Thomson Locations: San Francisco , California, U.S, Bengaluru, New York
The NLRB alleged that X fired Yu after she attempted to organize other Twitter workers who were upset about Musk's sudden change to the company's work requirements. Five days later, Yue was fired and told that she was violating an unspecified company policy, the legal document said. The NLRB alleges that X has "been interfering with, restraining, and coercing employees in the exercise of the rights guaranteed" under national labor law. "After 12 amazing years and 3 weeks of chaos, I'm officially fired by Twitter," Yue said in a tweet on Nov. 15. WATCH: Elon Musk has "cut off the good guys, empowered the bad guys" on X
Persons: Elon Musk, Recep Tayyip Erdogan, Fatih Aktas, Elon Musk's X, management's, Yao Yue, Musk, X, Yu, Yue, Slack, Yue's, Twitter, X didn't, I'm Organizations: United Nations, UN, Anadolu Agency, Getty Images, National Labor Relations Board, Twitter, San, National Labor Relations, NLRB, CNBC Locations: New York, United States, San Francisco
"The major thing that we see now is onshore-traded Country Garden bonds going down," he said. Country Garden is a giant with thousands of projects in nearly 300 Chinese cities. Li Changjiang, the president of Country Garden Services, sold 3.2 million shares of the company last week, reducing his stake to 0.11% from 0.21%. They also cut its price target to HK$0.9 from HK$2.3 and that of Country Garden Services Holdings to HK$6.7 from HK$22. "Distressed Chinese property developers’ bond restructurings can buy them some room," Fitch Ratings said in a report on Monday.
Persons: Longfor, Wanda, Yao Yu, Morgan Stanley, Morgan, Li Changjiang, Fitch, Jason Xue, Tom Westbrook, Clare Jim, Xie Yu, Georgina Lee, Marc Jones, Kim Coghill, Jamie Freed, Barbara Lewis, Christina Fincher Organizations: HK, Dalian, Garden, Country Garden Services, Garden Holdings, Garden Services Holdings, China, Greenland Holdings, Ocean Group, Thomson Locations: SHANGHAI, SYDNEY, China, Hong Kong, Evergrande, Cayman Islands, Shanghai, Sydney, London
"That doesn't get them completely out of the woods," said one Country Garden bondholder, who declined to be identified, adding that the developer was facing a further batch of bonds payments in coming months. "If sales don't improve people will worry about the repayment ability for developers like Country Garden who have large exposure in smaller cities," Cheng said. "Country Garden is a top developer in terms of sales. It has been another week of unsettling news in the property market in China. Other efforts are needed to boost buyers’ sentiment about the long-term trajectory of the property market," they added.
Persons: Raymond Cheng, Cheng, Friday's, Wanda, China's, Wang Jianlin, DWCM, selloff, Yao Yu, Wanda Commercial's, Ankur Banerjee, Jason Xue, Clare Jim, Xie Yu, Marc Jones, Tom Hogue, Robert Birsel, Sharon Singleton, Frances Kerry Organizations: HK, CGS, CIMB Securities, Dalian Wanda Group, ANZ, Dalian Wanda Commercial Management, P, JPMorgan, Reuters Graphics, Thomson Locations: SINGAPORE, HONG KONG, Hong Kong, China, Beijing, Greenland, Dalian, Singapore, Shanghai, London
More than half of Twitter's remaining staff appear to have chosen to leave the company, Insider reported. Some took to Twitter to post bittersweet photos of company laptops emblazoned with blue bird stickers. Some stickers featured hashtags popular among Twitter staff such as #LoveWhereYouWorked and #OneTeam. In an email earlier this week, Musk ordered all Twitter employees to commit to his "extremely hardcore" vision for Twitter by clicking a sign up-link before 5 p.m. Here are some of the best laptop pictures posted by departing Twitter employees:
Twitter staff are removing Slack messages they fear Elon Musk won't like, Platformer reported. This comes after the tech mogul fired some Twitter staff for criticizing him online. Engineers Eric Frohnhoefer, Sasha Solomon, and Ben Leib all appeared to be fired on Sunday and Monday for criticizing Musk. Platformer also reported that some of the fired employees had simply expressed sympathy with Frohnhoefer, Solomon, and Leib. Sources told The Times that some fired staff had shared news of Frohnhoefer's termination in internal chats.
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