Citi reduces executive bonuses amid poor financial performance

A lawyer from the US Federal Trade Commission attempted to delay a trial against Amazon's Prime service, claiming that team members were leaving the case due to job cuts under the Trump administration. However, soon after making the request, the lawyer reversed the decision. This situation reflects uncertainty regarding antitrust enforcement since the change in administration. While the Biden administration focused on scrutinizing big tech, the current leadership may be changing its approach. Wall Street is experiencing a downturn, and the US dollar is weakening. This situation is affecting foreign investors as it limits their ability to balance gains and losses across different assets. Investors who previously relied on Wall Street’s strong performance are now facing challenges. Citi has reduced bonuses for its top bankers, linking their pay to the bank's financial performance. This decision comes as the bank struggles with profitability and operational issues. The bonus plan, which will not continue, was introduced to improve performance but has not met its goals. Julia Pyke, a leader in the nuclear industry, is managing the Sizewell C project with a focus on adaptive and inclusive leadership. She emphasizes communication and community engagement to build trust. Pyke also advocates for gender equality in the industry, showcasing how her leadership approach helps navigate complex challenges. Audi is reconsidering its plans to stop launching new petrol models next year due to delays in transitioning to electric cars. The company is facing financial difficulties, including a drop in profits and car deliveries. As it reassesses its strategy, Audi is exploring cost-cutting measures and product adjustments. In the UK, the Financial Conduct Authority plans to ease mortgage lending rules, responding to government growth demands. This move aims to support homeownership but raises concerns about potential borrower risks. The balance between protecting consumers and promoting economic growth remains a key discussion point. Disney's upcoming remake of "Snow White" is stirring controversy over casting and narrative changes. The film highlights the tension between staying true to classic stories and adapting to modern cultural values. Disney’s strategy may face scrutiny as it tries to align its storytelling with current audience expectations while navigating public debate.