Category Archives: Business

Trump proposes to cut business tax to 15%

The White House made its opening bid for what officials called the “biggest tax cut” in US history — with cuts that would benefit businesses, the middle class and certain high-earning individuals — but left unanswered questions about whether the plan would be paid for, or how. A list of goals for the tax overhaul, unveiled by President Donald Trump’s Read More


Wikipedia’s Jimmy Wales creates news service Wikitribune

Wikipedia’s co-founder Jimmy Wales is planning a news service that combines the work of professional journalists and volunteers. His goal is for Wikitribune to offer “factual and neutral” articles that help combat the problem of “fake news”. The service is intended to be both ad-free and free-to-read, so will rely on supporters making regular donations. One expert said it had Read More


France’s Presidential Runoff Is A Victory For Global Business

Preliminary results for Sunday’s French president runoff election set up a stark choice on May 7 between finalist presidential candidates Marine Le Pen’s isolationism and protectionism and Emmanuel Macron’s focus on innovation, entrepreneurship and globalism. As Macron himself said on Sunday, “The French have expressed their desire for change. We’re clearly turning a page in French history.” Macron represents the Read More


Starbucks is entering a new era and 4 jokes reveal the biggest problems haunting its business

Starbucks is sandwiched between inexpensive fast-food chains and high-end “Third Wave” coffee shops.  While it built its empire on its cool, Euro-inspired image, Starbucks is increasingly known for “basic” drinks like the Unicorn Frappuccino.  Moving away from the core brand sent Starbucks “over its skis” in the past, the CEO told Business Insider – and he’s well aware of past mistakes. Starbucks’ new mission: to be everything to everyone.  The Read More


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Next boss misses annual bonus as high street stores feel the pinch

Next boss Lord Wolfson has missed out on his annual bonus for the first time in 18 years amid tough times on the British high street. Wolfson’s total pay package dived by 58% to £1.8m in the year to 28 January, according to the fashion and homewares retailer’s annual report published on Tuesday, after a key earnings per share target Read More


UK inflation rate remains at 2.3%

UK inflation held steady last month, as rising prices for food and clothing were offset by lower air fares. The Office for National Statistics (ONS) said inflation as measured by the Consumer Prices Index remained at 2.3%. The main downward effect on inflation last month came from air fares, which was due to the timing of Easter. However, the ONS Read More


Business to consumer will remain one of the fastest-growing segments

BNP Paribas Asset Management India Pvt. Ltd’s track record, post Anand Shah’s joining the fund house in 2011 has been good. But, the calendar year of 2016 exposed chinks in stock picking strategy. Shah, as the fund house’s chief investment officer (now he is also the deputy chief executive officer and oversees the fund management as well as sales), has Read More


India, Malaysia set to sign 15 business pacts today

New Delhi: India and Malaysia are expected to sign around 15 business-to-business pacts on Monday aiming to deepen commercial linkages between Asia’s third-largest economy and its third-largest trading partner in the fast growing ASEAN or Association of Southeast Asian Nations economic grouping. The pacts are to be signed in the presence of visiting Malaysian prime minister Najib Razak in New Read More


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FCC to vote to reform $45 billion business data market

The Republican head of the Federal Communications Commission on Thursday proposed easing regulatory requirements in the $45 billion business data services market, a win for companies like AT&T Inc, CenturyLink Inc, Verizon Communications Inc and others. The proposal is a blow to companies like Sprint Corp and others that claim prices for business data are too high and backed a Read More


Gitanjali Gems Unit Nakshatra Files Papers For IPO

New Delhi: Gitanjali Gems’ arm Nakshatra World Ltd has filed draft papers with capital markets regulator Sebi to float an initial public offering. The IPO comprises 1.8 crore equity shares of Nakshatra World, which offers jewellery under the brands Nakshatra, Gili, Asmi, Sangini, Diya, Parineeta and Rivaaz, according to the draft red herring prospectus (DRHP). While the exact size of Read More