How will Theresa May keep EU-member Ireland’s border with Northern Ireland open after Brexit without any physical infrastructure on the border between Northern Ireland and Ireland? This question is proving to be the most excruciating issue in Britain’s sour grapes… Read More ›
Creativity
ABB names chairman Peter Voser as its interim CEO
Ulrich Spiesshofer, ABB’s CEO since 2013, has agreed with the board to step down. On Wednesday, ABB stated, it has appointed its Chairman Peter Voser as its interim chief executive following the stepping down of its CEO Ulrich Spiesshofer. In… Read More ›
Exxon Mobil Corp wins 3 exploration blocks offshore Argentina
The three blocks are located in the Malvinas basin, about 200 miles (320 kms) offshore Tierra del Fuego. U.S. oil giant Exxon Mobil Corp stated, its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina…. Read More ›
NZ’s PM Jacinda Ardern does a volte face against capital gains tax
It is not clear what events and knowledge has prompted her change of stance vis-a-vis CGT. On Wednesday, New Zealand’s Prime Minister Jacinda Ardern stated, her coalition government will not go ahead with a proposal for a capital gains tax… Read More ›
L’Oreal and Bettencourt Meyers family pledges $226M towards rebuilding Notre-Dame
L’Oreal and Bettencourt Meyers family pledges $226M towards rebuilding Notre-Dame. French luxury and cosmetics group L’Oreal, along with the Bettencourt Meyers family and the Bettencourt Schueller foundation, said they would donate 200 million euros ($226 million) in total for repairs… Read More ›
Total’s CEO Patrick Pouyanne pledges $112.98 million towards reconstruction of Notre Dame cathedral
French industry tycoons have come forward to generously pledge funds for rebuilding the Notre Dame Cathedral, one of the most famous landmarks in Paris which regularly draw nearly 13 million visitors a year. On Tuesday, Patrick Pouyanne, the Chief Executive… Read More ›
BlackRock quarterly profit beats average analysts’ estimate
While BlackRock posted a net income of $6.61 per share, in the three months ended March 31, analysts had expected a profit of $6.13 per share, according to IBES data from Refinitiv. On Tuesday, BlackRock Inc quaterly profit beat analysts’… Read More ›
Bank of America Corp posts mixed results in quarterly earnings
While Bank of America Corp’s net income applicable to shareholders have risen in comparison to the previous year, they are however lower than analysts’ average expectations. Revenues, net of interest expense, were also lackluster. On Tuesday, Bank of America Corp… Read More ›
Casino operator Caesars Entertainment Corp appoints Anthony Rodio as its CEO
The development comes at a time when Caesars Entertainment has come under increasing pressure from activist investor Carl Icahn. On Tuesday, U.S. casino operator Caesars Entertainment Corp, which has been under pressure from activist investor Carl Icahn to sell itself,… Read More ›
Italy’s antitrust regulator launches probe into 5 amazon businesses
Italy’s antitrust body has launched a probe into Amazon Services Europe, Amazon Europe Core, Amazon EU, Amazon Italia Services and Amazon Italia Logistica. On Tuesday, in a significant development, Italy’s antitrust authority disclosed it has begun a probe into five… Read More ›