Author Archives
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Michael Kors acquisition of Versace will create more jobs in Italy: Donatella Versace
The deal places the American fashion in a better position in Europe. On Wednesday, Donatella Versace, the creative director of the fashion house stated the deal with Michael Kors would create more jobs in Italy. “In the last year Versace… Read More ›
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Deutsche Bank considering a merger with UBS
Speculation is rife on Deutsche’s potential merger with either UBS or Commerzbank. Deutsche’s CEO Christian Sewing has however dampened speculation of any potential merger for at least the next 3 years. On Wednesday, German business daily Handelsblatt reported citing sources… Read More ›
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U.S. would lose multiple front trade war: ECB study
The ECB’s simulation shows the U.S. will have bear the full brunt of the trade war, if Trump were to engage in it with more than a one country. In March Trump had said, trade wars were “… an easy… Read More ›
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U.S. trade tariff’s unlikely to directly translate into more jobs
One of the more significant reasons why Trump’s tariffs will not translate into more U.S. jobs is that consumers are not willing to pay a premium for ‘Made in USA’ goods when goods of the same quality is available for… Read More ›
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Anglo-Swiss mining and commodities giant Glencore launches additional share buyback of up to $1 billion
Glencore has come under investor pressure to boost its shareholder returns; it is also under pressure from U.S. regulators who have raised alleged corruption and bribery charges against the company. On Tuesday, mining and commodities trading giant Glencore stated, it… Read More ›
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Standard Chartered to stop funding new coal-fired powered plants
The move sees Standard Chartered joining its peers who have ended their support for the dirtiest of the fossil fuels midst rising concern on climate change. On Tuesday, in a step aimed at reducing funding for dirty industries, Standard Chartered… Read More ›
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Imperial bets on vaping devices for future growth prospects
While the traditional cigarettes market is seeing a decline, the sale of vaping pens and heated tobacco devices are on the rise. On Tuesday, British tobacco company Imperial Brands stated, it expects vaping pens and a heated tobacco device to… Read More ›
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Comcast’s $40 billion acquisition of Sky sends Sky’s share shooting up
With Comcast’s bid winning the auction, a rare event, the U.S. Cable-TV giant now enjoys the spoils of owning Europe’s biggest pay-TV group. Early trade on Monday saw shares of Sky jump by 9% to 17.22, slightly below the 17.28… Read More ›
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All options on the table, including second Brexit referendum: Jeremy Corbyn
Britain’s Brexit negotiations promises to reach charismatic climax typically seen in the Mission Impossible series of movies. BBC’s political editor, Laura Kuenssberg’s tweet states, the Labour Party wants all options on the table. Apart from the obvious political impact, the… Read More ›
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Global expenditure on advertising to grow at 4.5% through 2018: Zenith
The bulk of the spending on advertising will be allocated to social media ads and paid searches on search engines. As per a report prepared by Zenith, an industry forecaster, companies across the globe would have spend nearly $581 billion… Read More ›
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