U.K. Prime Minister Theresa May attempted to accelerate Brexit talks Thursday, but her European counterparts want to know how much London will pay to exit the bloc. May wrote a letter, published Thursday morning, reassuring all European citizens living legally in the U.K. that they can remain. “I couldn’t be clearer: EU citizens living lawfully […]
Read moreSeveral American cities are delivering prime pitches to Amazon as the retail tech giant weighs its option for a second headquarters in North America. While traditional factors such as talent, real estate, costs, taxes, transit and quality of life are likely to win the day, a little creativity can’t hurt. Some cities got downright wacky […]
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ONE of the first corporate jets was owned by Harry Ogg, the president of a washing-machine company. Bought in 1929, the four-passenger plane was named “Smilin’ Thru” and was decked out with a desk, a typewriter and space for washing machines. On sales trips Ogg told the pilot to fly low over a town, with […]
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YVES SAINT LAURENT, Lady Gaga, David Bowie. Some people do not operate by the same rules as everyone else. Might the same be true of companies? Most bosses complain of being slaves to short-term profit targets. Yet a few flout the orthodoxy in flamboyant fashion. Consider Tesla, a maker of electric cars. This year, so […]
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THESE are troubling times for Roberto Santana Flores, a Mexican maker of charro shirts, a modern take on the Mexican cowboy aesthetic. He recalls life before the North American Free-Trade Agreement (NAFTA), a trade deal linking Mexico with America and Canada. He remembers his shirts incurred a whopping 37.5% tariff if exported to America. Now […]
Read moreCurrency, United States Finance
Spain to suspend Catalonia's autonomy after regional leader fails to drop independence bid
Spain’s central government has said that it will move to suspend Catalonia’s autonomy after the regional leader failed to drop a bid for independence. In a statement on Spain’s government website on Thursday morning, Madrid said that the Catalan leader Carles Puigdemont had refused to comply with a request to formally declare whether the region […]
Read moreCurrency, United States Finance
Here are the best cities to claim your pension — but all fall short of a relaxing retirement
As retirees approach their golden years, the reality of how much their mandatory pension will pay out starts to bite. UBS analyzed 12 cities across the world in order to try and identify where people could best enjoy their retirement. And in an attempt to apply their research universally to a typical retiree, the Swiss […]
Read moreConsumer goods maker Unilever reported a 2.6 percent rise in underlying third-quarter sales on Thursday, blaming poor weather in Europe and natural disasters in the Americas. That was down from 3 percent growth in the first half of the year. The maker of Dove soap and Ben & Jerry’s ice cream, which in February rebuffed […]
Read moreLondon Stock Exchange Group Plc said on Thursday that its Chief Executive Officer Xavier Rolet will leave the bourse operator by the end of December 2018, just under a decade after he took the helm at the firm. LSE said it would start looking for his successor now. The group also reported a 17 percent […]
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Roche third-quarter sales beat forecasts with boost from new multiple sclerosis medicine
Roche‘s third-quarter sales rose 6 percent, beating analyst forecasts as the company was helped by better-than-expected revenue from its new multiple sclerosis medicine Ocrevus,the Swiss drugmaker said on Thursday. Roche third-quarter sales were 13.1 billion Swiss francs ($13.37 billion), compared to the 13.04 billion francs average estimate by analysts in a Reuters poll. Sales of […]
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