HOLD ON TO YOUR HATS June 17, 2009 THOUSANDS of racegoers braved the wind and the rain yesterday for day two of Royal Ascot. Vision D’Etat, the winner of last year’s French Derby, beat the favourite Tartan Bearer into second place in the day’s biggest race, the Prince of Wales Stakes. The event, which goes on until Saturday, attracts runners from all around [...]
Why China is destined to take over the world June 17, 2009 WHEN CHINA RULES THE WORLDBy Martin JacquesFABER & FABER, £16.99 THE “WHEN” – as opposed to the “if” – that now prefaces talk of China taking over the world is chilling. Part of the reason is that it is an alien culture in many ways, that is to say, not Western, and therefore not commensurate [...]
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 [...]
