Asda is abandoning plans to introduce a four-day working week after complaints from exhausted staff exposed a crucial misstep in the successful implementation of reduced working patterns. The supermarket chain launched a trial to have employees work their 44-hour week over four days instead of five for the same pay. That translated into 11-hour shift … Read more
Bernard Arnault has taken a personal equity stake in Cartier parent Richemont, according to people familiar with the French billionaire’s investments. It is unclear exactly how many shares the LVMH chairman and CEO acquired in Cie Financiere Richemont SA. It was described by one of the people as “small” and part of a broader portfolio … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Nvidia announced the next generation of its artificial intelligence processors on Sunday, a surprise move less than three months after its most recent launch. At the Computex conference in Taipei, the chipmaker’s CEO Jensen Huang … Read more