French PM calls for solidarity on 75 per cent tax before showdown with football bosses October 31, 2013 The French prime minister is standing firm on the socialist government's policy of a 75 per cent tax on those earning over €1m (£856,000), as bosses from France's leading football clubs prepare to meet President Francois Hollande to argue against the tax. The tax is designed so that companies will be liable to pay 75 [...]
Stadium ban for Toure race abuse October 30, 2013 EQUALITY campaigners last night welcomed the decision to impose a partial stadium closure on CSKA Moscow after some of their supporters racially abused Manchester City’s Ivory Coast star Yaya Toure. European football’s governing body Uefa charged the Russian club after Toure and City complained of the problem in last week’s Champions League fixture in Moscow. [...]
Any other business – 31/10 October 30, 2013 ■ Maybe it was his inability to stop the world’s biggest economy from swerving dangerously close to default; perhaps it was prompted by a poll from NBC News showing all-time low approval ratings. Whatever the cause, Barack Obama’s place at the top of the celebrated Forbes list of the world’s most powerful people has been [...]
GM profit up on good US demand and improvement across Europe October 30, 2013 GENERAL Motors posted better-than-expected third-quarter profit yesterday as the US carmaker’s new lineup of pickup trucks and other revamped models boosted North American results, and revenue rose in Europe for the first time in two years. The strong showing in North and South America and the improvement in Europe offset the decline in Asian markets [...]
Russian miner Alrosa raises £810m in float October 28, 2013 RUSSIAN state-owned diamond miner Alrosa yesterday raised $1.3bn (£810m) through a public offering in Moscow, with shares sold at the bottom of the price range. Russian federal and regional governments together sold a 14 per cent stake in the miner and an Alrosa subsidiary sold two per cent to repay existing debt. The share sale [...]
Rational self-interest: Why helping yourself is key to helping others October 28, 2013 IT USUALLY begins with Ayn Rand,” author Jerome Tuccille once wrote. He’s not wrong. An amazing number of people come to support a free society and a free market economy after reading Rand’s novels – especially The Fountainhead and Atlas Shrugged – in their student years. But then her novels have what young people want. [...]
Toure accused of false racism complaint as CSKA hit back October 24, 2013 CSKA MOSCOW have hit back at Manchester City’s Yaya Toure, accusing the Ivory Coast midfielder of fabricating a complaint that he was subjected to monkey chants from their fans during Wednesday’s Champions League match. In the face of growing condemnation yesterday, the Russians also quoted his international colleague Seydou Doumbia, who plays for CSKA, as [...]
Russia’s Tinkov sees London listing of TCS price at top end October 22, 2013 RUSSIAN entrepreneur Oleg Tinkov’s consumer credit firm TCS priced its London listing at the top of a target range yesterday, with shares gaining five per cent on debut as investors bet on its ability to capitalise on households’ growing appetite for debt. TCS Holding Group, owner of Tinkoff Credit Systems, has challenged state-controlled banks and [...]
Russia cheers China deals October 22, 2013 RUSSIAN energy companies signed a slew of deals with China yesterday, seeking to lock in sales to fund costly production and pipeline projects that will direct exports away from Europe to Asia. The agreements, announced during a visit by Prime Minister Dmitry Medvedev to Beijing, brought Igor Sechin, chief executive of state oil major Rosneft, [...]
Red Bull deny Russia GP link to driver choice October 22, 2013 RED BULL chiefs have denied that the addition of a Russian Grand Prix from next season was a factor in Toro Rosso’s surprise promotion of 19-year-old Daniil Kvyat. Kvyat is set to become the second youngest driver in Formula One history when he makes his debut in March, having been handed a seat at Red [...]