Business

Sonos CEO says speakers will work ‘as long as possible’

Image copyright Getty Images The boss of Sonos apologised on Thursday for a decision to prevent older speakers from receiving software updates. In a statement, the company’s chief executive Patrick Spence said the company would deliver updates to all products “for as long as possible”. But the company did not retract its earlier decision. The

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Bosses set out immigration priorities after Brexit

Image copyright AFP The UK’s largest business, trade and education bodies have set out their priorities for a post-Brexit immigration system. They called for flexibility for skilled workers to enter the UK through a points-based system, and a reformed sponsorship process. The Home Office said it would introduce a points-based immigration system. It added that

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John Stumpf: Ex-Wells Fargo boss pays $17.5m to settle charges

Image copyright Getty Images Former Wells Fargo chief executive John Stumpf is to pay $17.5m (£13m) to settle charges over the bank’s fake accounts scandal. He was also banned from working in the financial industry “in any manner” for life. It’s a rare example of a top banking executive being personally punished for failing to

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George Soros: Trump is ‘a conman and a narcissist’

Image copyright Reuters Image caption George Soros donated millions to Hillary Clinton’s 2016 presidential campaign Billionaire philanthropist George Soros has launched a stinging attack on the “authoritarian rulers” of both the US and China. He said President Donald Trump was a “conman and the ultimate narcissist” who had breached the limits of the US constitution.

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