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Plan for shorter working hours

DESPITE the fragility of their position in the lower house of parliament and the fact that there will be a new election in June of this year, the interim government is determined to push ahead with its plan to change the working pattern within Spain and with a majority in…

The world’s best currency is...

WHEN looking to identify the world’s best-performing currency, the last place that most people would consider would be in Africa, which for so many years has seen massive inflation and poor financial results, but according to Bloomberg, the Zambian kwacha has so far performed better than any other currency during…

Yahoo’s poor performance

IN what is quite an unusual move, Starboard Value, a significant investor in internet company Yahoo, has called for the replacement of the entire board in a letter to other shareholders, where it says it is “extremely disappointed with Yahoo’s dismal financial performance, poor management execution, egregious compensation and hiring…

No nudes is bad news

IT appears that following the decision announced by the Playboy group to stop publishing images of nude women in their magazine that sales have shrunk and in consequence, advertising revenue has also reduced. Hugh Hefner, who will soon be 90, has already put the Playboy mansion up for sale at…

Popular News

IN what is said to have been by mutual agreement,…
AMERICAN billionaire Randy Lerner has agreed to sell recently demoted…
IT has been reported that Spanish electricity providers, including Gamesa,…

Amancio Ortega is the second richest man world

EVERY year Forbes magazine produces its list of the richest people in the world and according to them, Amancio Ortega, owner of Inditex which includes the Zara Group, is the second richest man in the world with a personal fortune estimated at just under €61 billion. €68 billion is the…

The world’s cheapest smart phone launched

AN Indian company has launched what it says is the world’s cheapest smart phone. The aptly named Ringing Bells initially advised their Freedom 251 phone would be priced at under 500 rupees (€6.50), but at the launch it announced the price would be just 251 rupees (€3.25). Amazingly, the phone…

Government retains Lloyds shares

CHANCELLOR George Osborne has decided to postpone the sale of the government’s final stake in Lloyds Banking Group, after admitting that the global turmoil in stock markets and slowing growth was the reason for the delay. With an expected ‘windfall’ of £2 billion (€2.6 billion), this was to be a…

El Corte Ingles to take on Amazon

HAVING first trialled its internet shopping site in larger cities in Spain before Christmas, El Corte Ingles has now announced that it will extend its service to include Alicante, Marbella, Murcia and Palma, whose stores will join Malaga, which was part of the initial launch. 100,000 is the number of…

Ofgem to investigate Age Uk’s gas and electricity promotions

A SHOCKING report by The Sun newspaper in the UK suggests that a charity specifically set up to support those who are elderly, has been benefitting by promoting expensive gas and electricity tariffs in return for payment by E.ON, and this is now to be investigated by official body Ofgem.…

Credit Suisse to cut 4,000 jobs

THE market must be bad when a Swiss bank announces that it is to cut jobs, which is exactly what Credit Suisse has done following the publication of its 2015 figures, which show a loss of €2.3 billion, its first since 2008. €800M is the amount that Credit Suisse expected…

Good news if you want Sterling

AFTER a very strong 2015, the pound has gone into something of a nose dive against both the Euro and the American Dollar. At one stage last year, it was almost on par with the rate against the Euro when it was introduced in 2002 and certainly broke the €1.40…

Luxury goods company LVMH announce record sales in 2015

DESPITE the weakness of the Chinese economy, the world’s largest luxury goods company LVMH announced record sales, which rose by 16 per cent in 2015 to €35.67 billion. The company, which owns a number of the world’s most prestigious brands including Louis Vuitton and Christian Dior, said that trading in…
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