Entrepreneurs now have their own pressure group – at last November 18, 2013 LISTEN up, entrepreneurs: you are about to get your own trade union. Yes, you read that right – a union, or at least a pressure group, specifically set up to fight for those who create and set up businesses. This new Entrepreneurs’ Alliance is an excellent idea. There are lots of groups that support established [...]
Gulf airlines get off to a flying start at air show November 18, 2013 GULF airlines announced $150bn-worth (£93bn) of plane orders on the first day of the Dubai Airshow yesterday, giving a big boost to manufacturers and showing the financial clout of carriers in the region. Boeing has taken an early lead in the fight for orders at the event, with Dubai-based Emirates placing an order for the [...]
Swiss banks urged to come forward November 18, 2013 The head of the US Justice Department’s tax division has warned that Swiss banks which do not come forward under a government-brokered programme risk prosecution over tax evasion by their US customers. The programme closes in about six weeks. “We want to assure the banks that we are here to speak with them and implement [...]
France reassures Israel on Iran November 18, 2013 President Francois Hollande told Israel yesterday that France would continue to oppose an easing of economic sanctions against Iran until it was convinced Tehran had given up any pursuit of nuclear weapons. “France will not give way on nuclear proliferation,” Hollande said at a welcoming ceremony at Tel Aviv airport. “So long as we are [...]
Apple buys Israel’s PrimeSense November 18, 2013 Apple has bought PrimeSense, an Israeli maker of chips that enable 3D machine vision, for $345m (£213m), the Israeli financial newspaper the Calcalist reported yesterday. PrimeSense has raised $85m from Israeli and US venture capital funds such as Canaan Partners Global, Gemini Israel and Genesis Partners, Calcalist said. “We do not comment on what any [...]
What the other papers say this morning – 18 November 2013 November 18, 2013 FINANCIAL TIMES Fed considers delay to Volcker rule The Federal Reserve is considering a delay in the compliance date for the highly anticipated Volcker regulation, giving banks additional time to conform with its provisions, according to people familiar with the matter. The Fed has the option of delaying the compliance date in one-year increments. It [...]
Aberdeen set to win £500m bid battle for Swip November 18, 2013 ABERDEEN Asset Management is poised to sign a £500m deal to buy Scottish Widows Investment Partnership (Swip) after beating a rival bidder to land the company. The all share deal – which would give Lloyds just under a 10 per cent stake in Aberdeen – is set to be unveiled this morning after the other [...]
Former US Treasury secretary Geithner joins Warburg Pincus November 18, 2013 FORMER US Treasury secretary Timothy Geithner is joining Warburg Pincus as president and managing director, the private-equity giant said this weekend. Geithner, who played a major role in the US response to the global financial crisis, stepped down as US Treasury secretary in January after four years in the role. He will work closely with [...]
Tinkoff looking for calm after Friday sell-off November 18, 2013 MOVES by a Russian MP to clarify changes in the country’s consumer lending laws are expected to soothe investors’ fears about London listed TCS Group, after its shares halved in trading. Shares in the Russian firm, which were floated at $17 by Morgan Stanley, Goldman Sachs and Sberbank last month, fell as low as $8 [...]
Labour denies Balls-Miliband rift after email row published November 18, 2013 LABOUR insiders claimed yesterday that the party is united on economic policy after emails were published appearing to show a deeply strained relationship between advisers for leader Ed Miliband and shadow chancellor Ed Balls. Andy Burnham, the shadow health secretary, told the BBC that “I can’t remember the front bench and indeed the wider party [...]
