Here's a quick look at some of the top business stories making headlines today. From corporate policies to international trade and tech titans, there's a lot to unpack.
Deloitte Links Attendance to Bonuses
Deloitte is changing the game for its US tax staff. The company announced that office and client site attendance will now be a factor in performance reviews. This move could directly impact bonus allocations. In essence, showing up is now part of the performance equation.
China Aims for 5% Growth Amid Tensions
Beijing is projecting confidence in its economy, setting a growth target of "around 5%." This comes as the country navigates lagging domestic consumption and escalating trade tensions with the US. The government is outlining fiscal spending plans to stimulate growth, but the path forward remains uncertain.
“We are confident that we can achieve our goals,” said a government spokesperson. “Our policies are designed to create a stable and prosperous economic environment."
Tariff Reductions for Canada and Mexico?
Could tariffs on goods from Canada and Mexico be reduced? According to Howard Lutnick, a middle ground might be within reach to satisfy US demands. This could signal a thawing of trade relations under new leadership, potentially benefiting businesses across North America.
Trump Targets Semiconductor Subsidies
Former US President Trump is making waves again, this time by advocating for the elimination of a US$52.7 billion semiconductor subsidy law. He claims that semiconductor manufacturers are receiving excessive subsidies but not spending them effectively. This move could have significant implications for the semiconductor industry, particularly in the US.
Elon Musk: Father of 14!
Beyond the boardroom, Elon Musk has some personal news to share. The Tesla and SpaceX CEO has reportedly become a father for the 14th time. While managing his vast corporate empire, Musk is also attempting to radically dismantle US bureaucracy. It's a lot to juggle, and questions are swirling about how he finds time for his ever-growing family.
It's unclear how the new addition will impact his already hectic schedule, but Musk's ability to multitask remains legendary. Only time will tell what the future holds for the tech mogul and his expanding family.
Stay tuned for more business updates.