SOUTH AFRICA’S stockmarket has Naspers largely to thank for its recent record highs. Shares in the media and internet group have soared by 45% this year; even before then it was Africa’s most valuable firm. So recent unrest among shareholders in Naspers might seem unwarranted. But in the days before its annual general meeting in […]
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MONDAY is “Game of Thrones” night at The Collective’s Old Oak building. Millennials congregate in TV rooms around the 11-storey, 550-person block. Some gather at the cinema, lounging on bean bags decorated with old graphics from Life magazine. Nothing gets residents out of their rooms like the hit TV show. This is not a […]
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LOFTILY as they may disdain the profit motive, Britain’s judges are, on a national level, money-spinners. English law is often specified as the one under which commercial contracts are to be interpreted and enforced. And disputes often end up being heard in British courts. But, like any business, the law is competitive, and other jurisdictions […]
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ANGLERS love a record catch. Fish farmers, too. So when a salmon bred and raised near this village at the head of a Norwegian fjord was pulled out of captivity earlier this year weighing a sumo-sized 17kg, it was cause for jubilation. “It was fantastic,” says Einar Wathne, head of aquaculture at Cargill, the world’s […]
Read moreClosely followed strategist Jim Paulsen told CNBC on Thursday that investors should stick with stocks because the economy is in a “sweet spot.” “We’re in a really good sweet spot of being able to generate broad-based economic growth without creating any inflation or interest rate pressures,” the chief investment strategist at the Leuthold Group said […]
Read moreBosses in France will find it easier to hire and fire staff under new reforms aimed at overhauling the country’s notoriously stringent labor market. The French government laid out 36 new measures on Thursday as part of President Emmanuel Macron‘s plans to encourage employment and business freedoms. These include greater autonomy at a workplace level, […]
Read moreThis article originally appeared on The Hill. The Treasury Department needs the president and Congress to pass a law raising the United States debt limit, or they may soon run out of money to pay their bills, and it could cost the country even more money down the road. President Trump and Senate Majority Leader […]
Read moreWhen management upheaval, allegations of corporate espionage and revelations of sexual harassment sent Uber into a public relations sinkhole, its long overshadowed rival Lyft shifted into overdrive. The company seized the opportunity to recruit disillusioned drivers so it could be more responsive to passengers searching for a ride-hailing alternative to Uber. It upgraded its smartphone […]
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Part of the tax plan President Donald Trump unveiled this week includes giving companies breaks on profits earned overseas, an idea that has provided little economic benefit in previous attempts. The move would allow corporations to bring those earnings back home at a sharply reduced rate. A similar effort more than a decade ago provided […]
Read moreCNBC’s Jim Cramer called Wells Fargo a “rogue bank” on Thursday after the bank said it uncovered much more potentially unauthorized consumer and small-business accounts than originally thought. On Thursday, Wells Fargo said its review of 165 million retail accounts opened from January 2009 to September 2016 identified 3.5 million as potentially unauthorized, up from […]
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