Monday, January 22, 2018
Redactor's Choice
You are here: Home / Categories / Business & Entrepreneurship (page 3)

Business & Entrepreneurship

Shell sells stake in Dutch wind farm to Switzerland’s Partners Group

eneco (1)

Terms of Partners Group’s participation in the “Blauwwind II” consortium were not disclosed. Project leader Shell, which last month put together a 13-bank consortium to provide 1 billion euros in funding to build it, cut its stake to 20 percent from 40 percent. Eneco, which disclosed on Monday it had agreed to buy 50 percent of the output from Borssele 3 and 4, cut its stake in ownership of the project to 10 percent from 20 percent. Shell has said it intended to continue investing in major offshore wind projects, arranging the highest-risk f... Read More »

World Bank issues warnings on interest rates and inflation

bank (1)

Financial markets are complacent about the risks of sharply higher interest rates that could be triggered by better than expected growth in the global economy this year, the World Bank has warned. The Washington-based organisation said that much of the rich west was running at full capacity as a result of a broad-based upswing in activity, but were now vulnerable to a period of rising inflation that would prompt action from central banks. Launching the Bank’s global economic prospects, the lead author Franziska Ohnsorge said: “There could be fa... Read More »

Jaguar Land Rover reports record annual sales

jag (1)

The company said Jaguar sold 178,601 cars, up 20% on the year before, while Land Rover sales rose 2% to 442,508. JLR said sales had more than tripled since 2009. It said this was the seventh successive year of growth, which was driven by the introduction of new models and increased uptake of its clean diesel and petrol engines. Jaguar saw strong demand for the Jaguar F-Pace, XE and XF models, while Land Rover's best-seller for the year was the Discovery Sport, which sold 126,078 vehicles. The company said that growing sales in China and the ... Read More »

Apple investigated by France for ‘planned obsolescence’

iphone (1)

Under French law it is a crime to intentionally shorten lifespan of a product with the aim of making customers replace it. In December, Apple admitted that older iPhone models were deliberately slowed down through software updates. But it insisted it was because the phones' battery performance diminished over time. The French investigation is being led by the economy ministry's consumer protection agency. It follows a legal complaint filed in December by pro-consumer group Stop Planned Obsolescence (Hop). Hop said France was the third countr... Read More »

Denmark’s Novo Nordisk offers $3.1 billion for Belgian biotech group Ablynx

novo (1)

Ablynx already rejected an offer by the Danish group on Dec. 14 and Novo Nordisk said the new bid, made on Dec. 22, was some 14 percent higher. The Belgian company was not immediately available for comment on Monday. “Novo Nordisk regrets that the board of directors of Ablynx has so far declined to engage in any discussions, despite the proposals which have been put forward,” it said in a statement. The Danish company said it would pay 28.00 euros per share in cash for Ablynx and an additional 2.50 euros per share if certain conditions re... Read More »

Apple should address youth phone addiction, say two large investors

add (1)

Jana, a leading activist shareholder, and CalSTRS, one of the nation’s largest public pension plans, delivered a letter to Apple on Saturday asking the company to consider developing software that would allow parents to limit children’s phone use, the Wall Street Journal reported earlier on Sunday. Jana and CalSTRS also asked Apple to study the impact of excessive phone use on mental health, according to the publication. CalSTRS and Apple did not immediately respond to requests for comment. Jana and CalSTRS together control about $2 billion (£1... Read More »

UK companies will face huge new VAT burden after Brexit

vat (1)

More than 130,000 UK firms will be forced to pay VAT upfront for the first time on all goods imported from the European Union after Brexit, under controversial legislation to be considered by MPs on Monday. The VAT changes spelled out in the taxation (cross-border trade) bill – one of a string of Brexit laws passing through parliament – are causing uproar among UK business groups, which say that they will create acute cashflow problems and huge additional bureaucracy. Labour and Tory MPs and peers said that the only way to avoid the VAT Brexit ... Read More »

Mark Zuckerberg vows to ‘fix’ Facebook

mark (1)

Mr Zuckerberg has famously set himself challenges every year since 2009. Facebook launched in 2004. Social media firms have come under fire for allowing so-called fake news ahead of US and other elections to spread. Facebook in particular has been criticised for allowing Russia-linked political ads in the run-up to the 2016 US presidential vote. Mr Zuckerberg said he intended to focus on "important issues", which he listed as "protecting our community from abuse and hate, defending against interference by nation states, or making sure that t... Read More »

Surf wear brand Billabong bought by Quiksilver owner

bill (1)

The deal is a lifeline for the troubled firm, which has only turned a profit in one of the past five years. Queensland-based Billabong suffered a $58m wipeout last year, triple its loss for 2016. The company sells clothing under eight different brands and sponsors surf events around the world. Boardriders was formerly known as Quiksilver, and still sells clothing under its original name. It is owned by US private equity fund Oaktree Capital Management, which was already a major Billabong investor. Well-established in both skiing and skateboardi... Read More »

Meltdown and Spectre: All Macs, iPhones and iPads affected

apple (1)

It emerged this week that tech companies have been racing to fix the Meltdown and Spectre bugs, that could allow hackers to steal data. Apple said it had already released some patches but there was no evidence that the vulnerability had been exploited. But it advised downloading software only from trusted sources to avoid "malicious" apps. Mac users have often believed that their devices and operating systems are less vulnerable to security issues than, for example Android phones or computers running Microsoft systems. But the Meltdown and Spec... Read More »

Scroll To Top