Political threats could hit fragile global growth August 18, 2016 The global economy is in danger of being blown off course by any number of political risks stalking both advanced and emerging markets, Moody’s warned today. In its quarterly economic outlook, analysts said they expected growth to be stable, if unspectacular, over the next two years, but highlighted a cocktail of threats or "downside risks" – from the [...]
Three job titles which will earn you a bigger bonus than a chief executive August 18, 2016 You don’t have to be a chief executive to earn a sizeable bonus. In fact, according to new research out today, that isn’t the position you should be aiming for anyway – at least for bonuses. ‘Global account manager’ has been named as the top title for annual sweeteners, according to jobs and recruitment website [...]
This is how people are most likely to talk about London August 18, 2016 People have been gossiping about life in London – and what they have to say does not make for a relaxing read. Over a third (36 per cent) of non-Londoners would describe the city as "stressful", according to The Rias City Index, released today. However, the perception only gets worse once you venture into the capital itself, [...]
Victoria’s Secrets owner L Brands’ second quarter results beat expectations August 17, 2016 Victoria's Secrets owner L Brands' shares jumped in after-hours trading after it shook off retail industry woes with rising sales and earnings. The company, which also owns Pink and Bath & Body Works, reported comparable sales rose two per cent to $2.89bn in the second quarter ended 30 July. During this period it opened seven [...]
Cisco becomes latest tech giant to slash jobs August 17, 2016 Networking giant Cisco confirmed plans to axe around seven per cent of its global workforce. The layoffs — which amount to 5,500 jobs — mean it will join other tech giants such as Microsoft, Intel and HP who have all made sizeable layoffs in recent years. Read more: The US stocks bucking the global selloff trend (for now) It came [...]
London police swoop on Sage employee amid fraud investigation August 17, 2016 The City of London Police arrested a Sage employee today at Heathrow airport on charges of conspiring to defraud the accountancy software maker. The woman was arrested in connection with an alleged fraud against the firm. She has since been bailed, the statement said. Read more: Sage Group transformation leads to revenue boost Over the weekend, [...]
Sweet Mercy: Government drops all-out war on sugar but pushes ahead with its soft drinks levy August 17, 2016 The government has today scrapped the most draconian measures from its long-awaited childhood obesity strategy, but the Treasury will forge ahead with its levy on soft drinks dubbed the "sugar tax". The department of health has pledged to work towards a 20 per cent reduction of sugar in foods and drinks that are popular with [...]
Telegraph not for sale, say owners after rebuffing approaches from two high-profile media figures August 17, 2016 The owners of the Daily Telegraph have reiterated that their newspapers are not for sale after it emerged that two high-profile media figures have approached them about the company this year. Evgeny Lebedev, the owner of the Evening Standard and now online-only Independent newspapers, is understood to have made an informal approach over the availability of Telegraph [...]
US Federal Reserve minutes contain hawkish undertones August 17, 2016 The minutes from the US Federal Reserve's meeting on 26-27 July showed growing support for an interest rate rise. An unnamed individual agreed with the Federal Open Market Committee member who voted to increase borrowing costs at the meeting. "Given their economic outlook, they judged that another increase in the federal funds rate was or would soon be warranted, with a [...]