After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Marriott and Starwood share prices rise as shareholders approve $12.4bn takeover – bringing the creation of the world’s largest hotel chain one step closer April 8, 2016 Shareholders have approved the $12.4bn (£8.8bn) takeover of Starwood Hotels by Marriott International – meaning the creation of the world's largest hotel chain has just come a step closer. In joint statement today, the pair said shareholders of both companies had approved the merger – with 97 per cent of Marriott shareholders and 95 per [...]
Tullow Oil share price slides as it confirms damage to Ghana field April 8, 2016 Tullow Oil will suffer reduced oil output due to a damaged ship at its Jubilee field in Ghana, however the company assured it won't have a "material impact" on revenue. The FTSE 250-listed oil explorer expects production to restart in two weeks, but under revised conditions. And it'll still take time to ramp up, Tullow added. The company will re-issue [...]
Employees lose a staggering amount of time due to stress – here’s how much April 8, 2016 Ever feel like stress, anxiety and bottomless to do lists stop you from doing your best at work? It would appear you’re not alone. Vitality, the health insurers, and the University of Cambridge asked more than 32,000 employees about the impact work-related stress has on their ability to get work done in order to find [...]
Bank of England insider appointed new chief executive of the Prudential Regulation Authority (PRA) April 8, 2016 Sam Woods has been appointed the new chief executive of the Prudential Regulation Authority (PRA), the Bank of England announced this afternoon. Woods, who is currently executive director for the Bank's insurance division, will take over from the outgoing Andrew Bailey on 1 July 2016, and will have ultimate responsibility for supervising banks, building societies, insurers and investment [...]
Could you be unwittingly involved in the Panama tax-avoidance scandal? April 8, 2016 What do you, David Cameron and Vladimir Putin have in common? Panama. Don’t wait for another punchline, it’s not a joke. Although the world’s great and not-so-good have been caught up in the sensational "Panama Papers" revelations, the latest twists and turns have revealed an even more intriguing side to the life of offshore finance – [...]
Is social media making you depressed? You’re not alone April 7, 2016 We all know those gorgeous Instagram pictures of elaborate cocktails, stellar sunsets, fashion mag poses and the all round filtered amazingness of life are a bit of an illusion, but that doesn't stop us taking a peek at the lives of our mates and feeling a little envious. But for many, people, it's not just a twinge [...]
This Chinese boss gave 10 employees Maseratis, then took them on the drive of their lives April 7, 2016 Thought an away-day to the local paintballing centre was exciting? Try working with Chinese boss Ni Hai Shan, who presented 10 of his employees with £98,000 Maseratis as their year-end bonus – then took them on a mad journey along China's "highway of death". The People's Daily Online reported that 29-year-old Hai Shan, whose family business [...]
The Co-Operative Group is back on track as it unveils profit growth and flat group revenues April 7, 2016 The Co-Operative Group has said it is "firmly on track" as it unveils like-for-like growth in its food, convenience and funerals businesses and a rise in underlying profit. The figures The struggling business heralded "stable" group revenues at £9.3bn (though this was down from £9.4bn last year), with food like-for-likes up 1.6 per cent, and volumes up five [...]
IMF says lower taxes, more training and welfare cuts can kick-start global economic growth April 6, 2016 Countries around the world should slash taxes on employment and reform welfare to boost their economies, according to the International Monetary Fund (IMF). Ahead of its half-yearly and closely-watched world economic outlook, the IMF raised concerns about “the current environment of persistent weak economic activity in many advanced economies”, outlining its suggestions for increasing economic output and employment. Key [...]
From the new state pension to the new lifetime allowance: Here’s everything you need to know about three pension changes taking place today April 6, 2016 Callooh, callay: it's the day a raft of changes to the pensions regime come into force. A week after the last tranche came into effect. Yep – on top of pension freedoms and various Isas, chancellor George Osborne has decided to make even more changes to the system. Confused? From the new state pension to the lifetime allowance, here's [...]