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How to Survive an Economic Downturn: A Beauty Industry Veteran’s Hard-Earned Tips
Date: August 17, 2022
By Rohan Widdison, Founder & CEO of New Labs There’s more trouble on the horizon as businesses grapple with ongoing economic uncertainty, characterised by dampened consumer spending, supply chain disruptions, soaring operating costs and crippling labour shortages. The IMF’s ominous warning that ‘the world may soon be teetering on the edge of a global recession’...
Businessman Buys Russian Unit of German Diy Chain Obi for $10 After Settling Debts -Forbes
Date: August 15, 2022
(Reuters) – Businessman Josef Liokumovich bought a 60% stake in the Russian assets of German hardware store chain OBI for a nominal $10 sum after the Russian side settled debts, the entrepreneur told Forbes Russia in an interview published on Monday. Tengelmann retail group, which owns OBI, was not immediately available for comment. OBI GmbH...
Explainer-How Could the New U.S. Corporate Minimum Tax Affect Companies?
Date: August 12, 2022
By Rose Horowitch and David Lawder (Reuters) – The main revenue source in the new U.S. tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The U.S. House of Representatives was scheduled...
Bao Viet Life – the Insurance Brand Built by Vietnamese People, for Vietnamese People
Date: August 12, 2022
Bao Viet was founded in 1965 and is Vietnam’s largest insurance company. It began offering life insurance in 1996. Mr. Hoang Anh Duc, Deputy General Director of Bao Viet Life Corporation, spoke with Global Banking & Finance Review editor Wanda Rich about supporting customers through COVID’s latest challenges, some of the new products that the...
Britain Considers Energy Bill Subsidy for Industrial Firms
Date: August 12, 2022
LONDON (Reuters) -Britain is considering plans to subsidise power bills for energy intensive industries such as steel and cement, in an effort to support hundreds of businesses facing record high energy prices. The move comes weeks before a new prime minister is due to take office, with forecasts of a long recession and soaring inflation...
Royal Mail Warns of Fy Loss if Four Days of Strikes Go Ahead
Date: August 10, 2022
(Reuters) -Royal Mail warned on Wednesday that it could post a loss in the UK for the full-year 2022-23, if four days of strike called by the Communications Workers Union (CWU) in August and September went ahead. The CWU, which represents more than a 100,000 Royal Mail postal workers, said British postal workers will hold...