Putting the net into networking June 17, 2009 IN business, your network is your career’s lifeblood. Contacts are not there to sit unused in the Rolodex, but to be exploited for ideas, deals, jobs and opportunities. After all, only a fraction of executive appointments are made as a result of applications to advertised positions – most are down to knowing the right people. [...]
CRACKDOWN June 17, 2009 BANK OF ENGLAND (BoE) governor Mervyn King last night launched his most outspoken call yet for a regulatory revolution and a crackdown on excessive risk-taking in the City. In his annual Mansion House dinner speech, King called for “instruments to prevent the size, leverage, fragility and risk of the financial system from becoming too great”. [...]
CAREERS CLINIC June 17, 2009 TONI EASTWOODDEVELOPMENT MANAGER, EVERYWOMAN My boss has formed a laddish rapport with the men on our team, and they go out drinking a lot. As a woman, I feel excluded, and I think I’m being overlooked for important projects. Some of the women on the team are happy to play up to the macho atmosphere, [...]
CRACKDOWN June 17, 2009 THE US financial system is headed for a groundbreaking period of reform, after President Obama unveiled his vision of a regulatory regime designed to avert new financial crises. Outlining a raft of measures he termed a “transformation on a scale not seen since the reforms that followed the Great Depression”, Obama blamed a “culture of [...]
Jilted China slates BHP’s Rio marriage June 17, 2009 CHINA slammed the proposed tie-up between mining giants Rio Tinto and BHP Billiton yesterday, saying it had “a strong monopolistic flavour,” and threatened to use its new antitrust laws to derail the venture. “The deal between Rio and BHP should be subject to Chinese anti-monopoly law,” the Chinese Ministry of Industry and Information Technology said. [...]
Drogba hit by six match ban as Uefa throw book at Blues June 17, 2009 CHELSEA striker Didier Drogba was last night hit with a huge six-match European ban for his expletive-laden remonstration following last season’s Champions League exit to Barcelona. Defender Jose Bosingwa also received a four-match ban for comments about the referee while Chelsea were handed an £85,000 fine, as governing body Uefa threw the book at the [...]
Treasury minister quits over expenses June 17, 2009 TREASURY minister Kitty Ussher resigned from the government last night after it emerged she avoided paying £17,000 capital gains tax on her Burnley constituency home when she sold it in 2007. Ussher denied she did anything wrong, but said she was stepping aside to prevent causing the “government any embarrassment.” Ussher, a former City Minister, [...]
BAT snaps up Indonesian firm June 17, 2009 BRITISH American Tobacco has bought an 85 per cent stake in Indonesia’s fourth-largest cigarette maker by volume for $494m (£301m). BAT, maker of Dunhill and Lucky Strike, said the decision to acquire an 85 per cent stake in Bentoel Internasional Investama will give it a foothold in Indonesia’s lucrative kretek, or clove-flavoured cigarette market, which [...]
Concussion fear puts Hook’s tour in jeopardy June 17, 2009 FLY-HALF James Hook faces an anxious wait to see if his British & Irish Lions tour is over after suffering head and neck injuries in Tuesday’s bruising tour match with Southern Lions. Hook has already been ruled out of Saturday’s first Test with world champions South Africa and must now visit a neurosurgeon next week [...]
US rejects Iran meddling June 17, 2009 The US rejected claims it was interfering with the post-election tumult in Iran yesterday, saying President Barack Obama would raise concerns about, but not meddle in, Iranian politics. “As the president has said, we are not interfering with the debate that Iranians are having about their election and its aftermath,” said a State Department spokesman. [...]
