Author Archives
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London Knocked off Most-Expensive Spot for Locating Staff by a Sterling Slump
London is no longer the world’s most expensive city for companies to locate staff since there has been a slump in the sterling after Brexit, said luxury real estate firm Savills. The British pound is down by around 11 percent… Read More ›
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36 Percent Haircut and Debt Token to be Given to Customers of Bitfinex Exchange
Customers would stand to lose just over 36 percent of the assets they had on the platform but would be compensated for these losses with tokens of credit, crypto-currency exchange Bitfinex, which lost $72 million to hackers last week, told… Read More ›
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Jet Order Race Sees Airbus Closing in on Rival Boeing
After booking about half of the 197 firm sales unveiled at last month’s Farnborough Airshow, the latest data from Airbus and Boeing shows that the former has virtually closed the gap with Boeing in their intense battle for airliner orders… Read More ›
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Aimed to Improve Peak-hour Staffing, Wal-Mart’s Plans to Launch New Scheduling System Across U.S.
While Wal-Mart Stores Inc aims to improve staffing levels during peak shopping times and offer more certainty over hours for employees, the company said that it has implemented a new system for scheduling workers at 650 U.S. stores. Its customer… Read More ›
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London’s Clearing Business Becomes Key Battleground in Post Brexit U.K.
In the post-Brexit battle for London’s financial-services industry, an obscure back-office function intended to bring more stability to trading has emerged as a pawn. Now that French and German officials have already targeted the industry, there are signs the U.K. is… Read More ›
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US Heath System Loosing $290 Billion per Year to Patients Skipping Meds
A new survey into drug intake trends in the U.S. says that nearly 125,000 people are killed in the country each year and costs the U.S. health care system $290 billion annually due to patients missing out on their medication… Read More ›
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Coffee Cups Next to be Charged in UK After Charge on Plastic Grocery Bags?
The British government has forecast there will be 6 billion fewer bags in circulation and a boost to the environment, thanks to a 5 pence (6 cent) charge on single-use plastic grocery bags in the U.K. “Taking six billion plastic… Read More ›
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Creation of Two Steel Giants by Merger Being Mulled by China: Reports
Creating two steel giants – one located in the north and another in the south, China is considering a sweeping overhaul of its steel industry through consolidation, Bloomberg reported quoting people familiar with the plan. The sources said that while… Read More ›
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Advantages to Uber from Selling its China Business to Didi Chuxing
After selling its China business to a domestic rival – Didi Chuxing, Uber has virtually bowed out of the world’s second-largest economy. Bringing an end to the brutal battle in China between the two apps, the combined new company is… Read More ›
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$35 Billion to be Spent to Buy Uber’s China Business by Taxi App Rival Didi Chuxing
Uber’s China business would be taken over by rival Chinese ride-hailing service Didi Chuxing. This announcement was made by both the companies on Monday. The combined company would be valued at $35 billion according to a person familiar with the… Read More ›
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