Mining and commodities trading group Glencore raised its earnings guidance on Thursday and said it expected the increased take-up of electric vehicles and demand for storage to boost demand for its products. The company increased its full-year forecast for a profit measure called marketing adjusted earnings before interest and tax (EBIT) by $100 million to […]
Read moreLego has appointed Niels B. Christiansen to replace Bali Padda as chief executive, the Danish toymaker said on Thursday. Christiansen was chief executive of the unlisted Danish thermostat maker Danfoss until last month, a position he took up in 2008. Padda, who took over as chief executive for Lego eight months ago, was Lego’s first […]
Read moreCurrency, United States Finance
Trump’s North Korea strategy is straight from Putin's playbook, analyst says
Escalating tensions between the U.S. and North Korea have highlighted similarities between President Donald Trump and another political heavyweight: Vladimir Putin, according to one leading political analyst. The U.S. president has been accused of responding with undue aggression to continued threats from North Korea and its expanding military arsenal. Charles Hecker, a senior partner at […]
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TEN years ago, BNP Paribas, a French bank, temporarily suspended dealings in three funds, citing “the complete evaporation of liquidity in certain market segments of the US securitisation market”. Many people treat this as the start of the credit crunch but once can trace it back to the need for Bear Stearns to rescue hedge funds […]
Read moreFrench soldiers were hit and injured by a vehicle in the western Paris suburb of Levallois-Perret, Paris police authorities said on Wednesday, adding that a security operation was underway in the area. “Police intervention is underway. Search underway for vehicle,” the Paris police department said in a Tweet. Six soldiers were hurt, four of them […]
Read moreDutch bank ABN Amro reported on Wednesday a larger than expected 45 percent rise in second-quarter underlying net profit to 960 million euros ($1.13 billion), helped by a growing loan book and lower costs. Analysts polled by the bank had on average expected a profit of 750 million euros, from the 662 million euros made […]
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THERE is a new way to travel between Los Angeles and San Francisco. At $230 for a round trip, it may not be cheaper than flying, but at least it is slower. Cabin is an interesting experiment; an attempt to compete with airlines by promising a better night’s sleep. Flying between the two cities may […]
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NINE straight highs for the Dow Jones Industrial Average might suggest that all is well with capitalism. But on the contrary, they could be a sign that things have been going profoundly wrong with the way the system is working. The main driver for the surge in share prices this year has been the […]
Read moreThe Handsome Her cafe in Melbourne, Australia, turned heads last week when it announced its plan to charge customers an 18 percent “man tax” and offer priority seating for women. tweet Cafe owner Alex O’Brien is hoping to highlight the gender pay gap, she tells Broadsheet: “I do want people to think about it, because […]
Read moreWhether to raise taxes on the rich is one of the thorniest issues in tax reform. Underlying that debate is an even more fundamental question: Who exactly qualifies as wealthy? Everyone can agree that Jeff Bezos and Bill Gates are pretty stinking rich. Those earning at least $1 million in income seem to be a […]
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