IN THE mining world the bout has the drama of a heavyweight title fight. In one corner is Ivan Glasenberg, billionaire boss of Glencore, the world’s biggest commodities-trading firm. In the other is Dan Gertler, an Israeli billionaire accused by America of corruption related to his dealings with Joseph Kabila’s government in the Democratic Republic […]
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JOHN LEGERE, the lion-maned boss of T-Mobile, made his wireless firm the fastest-growing carrier in America by cutting prices and giving customers better deals than AT&T and Verizon, which he relentlessly mocked on Twitter as retrograde behemoths. His personal brand as an industry maverick may have helped too. On April 29th he put that image […]
Read moreChinese investors are “busy asset-stripping” Zimbabwe’s resources, the country’s main opposition leader said in a speech this week, according to reports. “I have seen the deals that (Zimbabwean President Emmerson Mnangagwa) has entered into with China and others, they are busy asset-stripping the resources of the country,” Nelson Chamisa said at a May Day rally […]
Read moreU.S. worker productivity increased modestly in the first quarter, and a jump in compensation supported views that inflation pressures were building up. The Labor Department said on Thursday nonfarm productivity, which measures hourly output per worker, rose at a 0.7 percent annualized rate in the January-March quarter. Fourth-quarter productivity was revised to show it increasing […]
Read moreCounterfeit goods remain a big problem for global retailers, especially in Asia, the chief executive officer of Adidas told CNBC Thursday. The German brand has calculated that up to 10 percent of the Adidas-branded products on sale in Asia could be fake. This includes products in stores and online. “In Asia it is a problem, […]
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Luxembourg’s finance minister believes that Europe should consult with the United States before going ahead with any taxation plans on large digital firms like Google. “If a provisional taxation would lead to an escalation in the relationship with the main partners, and specifically with the United States, it would obviously be counterproductive, that’s why I […]
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There is no precedent in the euro zone to address the debt pile of a bailed-out county and that’s why discussions on Greece’s debt are taking so long, the Luxembourg finance minister told CNBC. European institutions and the International Monetary Fund (IMF) have struggled to find an agreement over how to make the Greek debt […]
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European equities are seen lower Thursday as investors closely monitor trade talks between the U.S. and China. The FTSE 100 is seen off by 32 points at 7,520; the DAX is expected to open lower by 46 points at 12,764; and the CAC 40 is seen down by 20 points at 5,502; according to IG. […]
Read moreThe Bank of England has named former Schroders and Morgan Stanley banking analyst Huw van Steenis as a senior adviser on the future of the British financial system. During the appointment — which the BoE said was likely to last six to nine months — Van Steenis will help BoE staff study new financial technology, […]
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Spain’s soccer league, La Liga, will have a new home in the U.K. and Ireland from next season, after the rights to screen matches were bought by television group Eleven Sports. For the last two decades, Spanish football has been shown live on Sky television, but the broadcaster lost out on the rights to screen […]
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