Business / 11 posts found

Trump commerce secretary’s business links with Putin family laid out in leaked files

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Wilbur Ross stands to profit from company run by Russians, some of whom are under US sanctions Donald Trumps commerce secretary, Wilbur Ross, is doing business with Vladimir Putins son-in-law through a shipping venture in What are the Paradise Papers? video Peter Harrell, a senior state department official under Barack Obama, who worked on sanctions against Russia, said: Im frankly surprised. Maybe I shouldnt be, given that with this administration, there seems to be a Russian in every closet. Rosss press secretary, James Rockas, said in a statement that Rosss holding would not conflict with his government duties on trade […]

Erdogan’s Escalating Feud With U.S. Hammers Turkish Markets

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Markets in Istanbul tumbled after the U.S. and Turkey stopped issuing visas for each other’s citizens in a spat related to last year’s failed coup against President Recep Tayyip Erdogan, deepening divisions between NATO members already at odds over the war in Syria. The Trump administration halted visa services for Turks on Sunday, citing the Oct. 4 arrest of a Turkish citizen employed at the U.S. consulate in Istanbul for alleged involvement in the July 2016 putsch attempt. Erdogan’s government responded in kind within hours, repeating verbatim much of the U.S. statement. “The implementation of a such a decision by the U.S. […]

May offers the British dream but speech turns into a nightmare

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PMs keynote speech interrupted by P45 prankster as she pledges cap on energy bills and 2bn investment in affordable housing Theresa May sought to relaunch her premiership on Wednesday by offering voters the British dream but the most personal speech of her premiership was overshadowed by a prankster handing her a P45, an incessant cough, and problems with the backdrop. The prime minister attempted to shift the focus from Brexit infighting to domestic policy on energy bills and council housing, but at times struggled to deliver her words as her voice faltered. After accepting a glass of water and a […]

Trump Restricts or Bans Travel From Eight Countries

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President Donald Trump restricted or suspended travel to the U.S. from eight countries, adding North Korea and Venezuela, while subtracting Sudan, from his earlier ban on travelers from six Muslim-majority nations. “I must act to protect the security and interests of the United States and its people,” Trump wrote in Sunday’s

Bitcoin is a fraud that will blow up, says JP Morgan boss

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Jamie Dimon claims cryptocurrency is only fit for use by drug dealers, murderers and people living in North Korea Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such as North Korea. Speaking at a conference in New York, the boss of Americas biggest bank said he would fire in a second anyone at the investment bank found to be trading in bitcoin. For two reasons: its against our rules, and theyre stupid. And […]

1MDB: The inside story of the worlds biggest financial scandal | Randeep Ramesh

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The Long Read: How a jailed former banker and a lone British journalist broke a story that shook the world On 22 June 2015, Xavier Justo, a 48-year-old retired Swiss banker, walked towards the front door of his brand new boutique hotel on Koh Samui, a tropical Thai island. He had spent the past three years building the luxurious white-stone complex of chalets and apartments overlooking the shimmering sea and was almost ready to open for business. All he needed was a licence. Justo had arrived in Thailand four years earlier, having fled the drab world of finance in London. […]

Coca-Cola apologizes for indigenous people ad intended as ‘message of unity’

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The ad, in which fair-skinned people bring soda to a local town, is not the first time countrys lax advertising regulations permitted offensive stereotyping Coca-Cola issued a rare apology and was forced to pull an online advert which was deemed by pointing the finger at the ag agency. Earlier this year, McDonalds made a huge cultural faux pas when it decided to disparage a popular traditional breakfast dish in hope of boosting its own sales. A Facebook campaign to promote McBurritos claimed tamales a popular steamed savoury maize dish stuffed with spiced meat or cheese which dates back to pre-Hispanic […]

Mexico raises interest rates in bid to shore up peso after Trump elected

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Banco de Mxico raises key interest rates by 0.5% as it warns global economy has become more complex after Donald Trumps election as US president Mexicos central bank raised interest rates on Thursday in an attempt to shore up the countrys currency, which has collapsed following Donald Trumps election as US president. The Banco de Mxico raised its key interest rate by 0.5% to 5.25% as it warned that the global economy had become more complex as a consequence of the electoral process carried out in the United States and its result. The increase in the rate from 4.75-5.25% takes […]

Nice is more than a destination: what Ryanair can teach United Airlines

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The budget Irish carrier had a terrible reputation for customer service until its notorious boss had a change of heart. Then the profits took off When I interviewed Ryanair boss Michael OLeary whose friendlier image had attracted flyers. OLearys company recorded a 28.7m loss in the final three months of 2013. In 2014, though, this rightwing bruiser with the runaway mouth had aDamascene conversion. OLeary decided that Nice wasnt just a Ryanair destination, but must be his airlines new corporate philosophy. If Id only learned in college that being nice was good for business, Id have done it years ago, […]

Amazon tests out newspaper delivery to complete its takeover of everything

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Instead of heading out for a newspaper, just order it online.Image: Getty Images Amazon Prime Now is the souped-up version of the regular online delivery service with its promise to get certain items in select locations to your door within two hours. Now it’s hoping to deliver the news and pronto. SEE ALSO: China ironically decides to clamp down on online news outlets on World Press Freedom Day Publishers in major Spanish cities, like Madrid and Barcelona, have teamed up with Amazon so that a physical newspaper can be ordered through the expedited delivery service. El Pais, Spain’s major newspaper […]
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