Monday, 23 January 2017

Latest News

Salaries should be reduced

IN A newly published research document from the Lancaster University Management School, the link between salaries and bonuses paid to company directors and a company’s financial performance in the UK is described as being ‘negligible.’ Salaries of these executives have increased by an average of 82 per cent during the…

Spain grabs tax from Monaco

THE Football Leaks release of information continues with news that French football team Monaco has had to agree to pay a large amount of tax to the Spanish government based on profits from transfers. According to the official view of the Spanish government, Monaco is considered to be a tax…

US bans Arctic drilling

POSSIBLY worried by a statement made by Donald Trump about exploitation of existing oil reserves, President Obama has banned the offshore drilling for gas and oil in the Arctic. This was made in a joint announcement with Canada, although the Canadian decision only covers the next five years whilst Obama’s…

Stop IKEA sleepover craze

A SPOKESMAN for the IKEA has appealed to young people to stop filming themselves hiding in IKEA stores and having illegal ‘sleepovers.’ It appears there’s been at least 10 episodes during the last few months and the latest found two 14-year-old girls in one of their Swedish stores. Two Belgian…

Popular News

AS the UK moves closer to the final triggering of…

Inditex keeps making money

INDITEX, the world’s largest retailer of clothes continues to go from strength to strength and has announced a profit of €16.4 billion, an 11 per cent rise over the nine month period to the end of October last year. The owner of such diverse ranges as Zara (which is its…

Royal Bank fails stress tests

STRESS tests conducted by the Bank of England have found that the Royal Bank of Scotland would fare the worst among Britain’s banks if a major economic catastrophe occurs. RBS failed the annual check-up and is now forced to embark on a £2 billion programme of cuts to ensure it…

Italian referendum could hurt the EU and bring down world’s oldest bank

A REFERENDUM on constitutional change in Italy due to be held on Sunday December 4 could lead to a new rash of financial worries with Italian banks and possibly to the failure of the world’s oldest bank Banca Monte dei Paschi di Siena which was founded in 1472. The referendum…

Changes afoot but knickers are safe

ALTHOUGH respective chief executives of Marks and Spencer (M&S) have been fighting flagging sales for years, they have always found some comfort in the fact that food sales were good and ladies liked to buy their underwear from the store as it was long-lasting, unlikely to break at an embarrassing…

Tesla to set up in Barcelona

DESPITE the controversy concerning the possible secession of Catalonia from Spain, the California-based manufacturer of luxury electric cars, Tesla has without fanfare decided to open new headquarters in Barcelona from which it will distribute its cars and accessories within Spain. This is considered to be something of a vote of…

European economy holding steady at the moment

DESPITE the fact that it showed a drop over the previous result, Brexiteers were pleased to see a report that the British economy had grown by 0.5 per cent in the third quarter of 2016 and continue to be of the opinion that things will get better, despite expressions of…

Bad news for most billionaires

THERE are more billionaires on planet Earth than ever before but on average each of them is slightly poorer after another rocky year for the global economy. A joint analysis published by UBS and PricewaterhouseCoopers estimates that the total wealth of the global billionaire population plummeted by some €270 billion…

Paying via phone

AS the world moves inexorably towards a cashless society, with Sweden apparently leading the way, a small Swedish company looks set to capitalise on a combination of bank’s high charges, consumer wish to pay by debit card wherever possible and fear that contactless payment cards are easily broken into. Jacob…
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