Novartis faces potential South Korea sales ban after executive dodgy dealings August 11, 2016 One of the world's largest drug producers, Novartis, is facing a sales ban in South Korea due to an ongoing scandal over kickbacks – known in the industry as rebates – that has engulfed its senior executives. Six former and current Novartis executives – including former South Korean chief executive Moon Hak-sun – have been indicted on charges of [...]
Alibaba’s shares are on a tear after a huge revenue jump August 11, 2016 Alibaba certainly isn't feeling the effects of the Chinese slowdown just yet. Shares in Alibaba – the world's largest retailer – have climbed by almost six per cent in the US pre-market after it posted revenue far ahead of expectations. Alibaba's shares were already up around seven per cent so far this year. A rise in revenue was bolstered [...]
Arianna Huffington steps down as Huffpost editor-in-chief August 11, 2016 Arianna Huffington has announced she will step down as editor-in-chief as the Huffington Post, the online news outlet she founded. In a statement today she said she was stepping aside to focus her attentions on Thrive Global, the new health startup she unveiled in June. Read more: These are the 20 richest billionaires in tech "One [...]
End the stadium standing ban: It’s an open goal for football fans and clubs August 11, 2016 Twenty eight people died at the 30 June Stadium in Cairo last year, suffocating in a crush that began when police fired tear gas at away fans entering without tickets. It was another in a long line of stadium tragedies. But like the 2006 PhilSports Arena disaster in the Philippines, and the disasters in Johannesburg [...]
How free trade died in the US – and why the same could happen in Britain too August 10, 2016 Two landmark US trade deals look like candidates for the morgue: the 12 nation Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) with the EU. After nearly 70 years at the forefront of efforts to liberalise trade and investment across international borders, the US has done a complete about face, with leaders [...]
Why the £10bn surfing industry deserves its introduction as an Olympic sport in 2020 August 10, 2016 Once the epitome of sporting counter culture and the natural home to the mavericks and outsiders of the sports world, surfing has finally been accepted as an Olympic sport. With Brazilian pro surfers like Gabriel Medina and Filipe Toledo now superstars in a sport which is rivalling football in its appeal to younger generations, the [...]
How Manchester United stepped up for sponsors Adidas and Chevrolet when unveiling Paul Pogba August 10, 2016 Football players have always had huge marketing value off the pitch. In fact, Real Madrid president Florentino Perez built the club’s whole strategy around it. He invented the concept of Galacticos in his first stint at the club in the early 2000s, bringing in Figo, Ronaldo, Zidane, Beckham and Robinho before repeating the trick with Cristiano [...]
One of the UK’s most senior political journalists is moving into government August 10, 2016 New culture secretary Karen Bradley has recruited The Sun's chief political correspondent to serve as a special adviser. Craig Woodhouse confirmed his move to the Department of Culture, Media and Sport on Twitter earlier today. After 11 wonderful years on Fleet Street it's time for something new. Hugely excited to be joining @DCMS as special [...]
The BFG and Finding Dory boost Walt Disney results August 9, 2016 Walt Disney’s second quarter was boosted by the BFG, Jungle Book and Finding Dory. The figures Revenue for the three months to 2 July came in at $14.3bn (£11bn), up nine per cent year-on-year, and slightly ahead of Wall Street expectations. Diluted earnings per share, meanwhile, were up 10 per cent to $1.59, and net [...]
Fancy life as a human body designer or rewilding strategist? These 10 creepy-sounding job titles will exist by 2025 August 9, 2016 Technology may have an ever-increasing effect on jobs, with everyone from accountants to, er, world record holders worrying about where their jobs are going. But it also means new job titles are springing up every day. New research conducted by Microsoft Surface and The Future Laboratory has predicted 10 new job titles expected to emerge in the [...]