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.... Four years ago, academics at the University of Oxford predicted 35% of jobs could be rendered obsolete by new technology, while the Bank of England predicted in 2015 that up to 15m jobs in Britain were at risk from robots “hollowing out” the workforce. The RSA is also more optimistic about the potential of robots and artificial intelligence than US tech billionaire Elon Musk, who has said AI was “the scariest problem” and “our biggest existential threat” because, he predicts, they will be able to do everything better than humans. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 10:34:36 AM
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....You must also keep it in good condition: behind museum-quality glass is one option, and avoid direct sunlight and water damage. “I once spoke to a billionaire on a yacht,” says Estes. ... [Read full article on Guardian ]
Saturday 16th of September 2017 06:00:04 AM
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. Last week, much of the tech world was temporarily unhinged by a circus in Cupertino, where a group of ageing hipster billionaires unveiled some impressive technology while miming the argot of teenage fandom (incredible, amazing, awesome, etc) and pretending that they were changing the world. ... [Read full article on Guardian ]
Sunday 17th of September 2017 06:00:33 AM
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.... It appears to have been put up for sale and then withdrawn. Once the property of Lily Safra, widow of billionaire banker Edmond Safra, it was marketed at £45m by the estate agent Savills, according to an advert which states it has now been “removed by the agent”. ... [Read full article on Guardian ]
Saturday 16th of September 2017 07:00:05 AM
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.... Retail Acquisitions, the company he headed that made the acquisition, received up to £25m from BHS, despite owning the department store chain for just 13 months until it collapsed. The regulator has already agreed a £363m cash settlement with Green to rescue the BHS pension scheme and halted legal proceedings against the billionaire. ... [Read full article on Guardian ]
Sunday 17th of September 2017 09:31:18 AM
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....The regulator is investigating the sale of the retailer, which had a pension deficit of as much as £571m when it collapsed last year. In February, Green, a billionaire who owned BHS for 15 years before selling it to Chappell, agreed to hand over £363m to rescue the scheme in a deal with the regulator. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 04:59:34 PM
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Latest Finance News related to Billionaire

Former BHS owner didn't get summons as was 'on a boat' image
Source : Guardian [Read Article] Wednesday 20th of September 2017 04:59:34 PM
....The regulator is investigating the sale of the retailer, which had a pension deficit of as much as £571m when it collapsed last year. In February, Green, a billionaire who owned BHS for 15 years before selling it to Chappell, agreed to hand over £363m to rescue the scheme in a deal with the regulator. ...
Tycoon says he needs subsidy to build Land Rover Defender successor in UK image
Source : Guardian [Read Article] Tuesday 19th of September 2017 02:46:05 PM
. The billionaire businessman Jim Ratcliffe has warned that it would only be possible to build a successor to the Land Rover Defender in the UK, creating up to 10,000 new jobs, if the project receives government backing. ...
Robots 'could take 4m UK private sector jobs within 10 years' image
Source : Guardian [Read Article] Tuesday 19th of September 2017 10:34:36 AM
.... Four years ago, academics at the University of Oxford predicted 35% of jobs could be rendered obsolete by new technology, while the Bank of England predicted in 2015 that up to 15m jobs in Britain were at risk from robots “hollowing out” the workforce. The RSA is also more optimistic about the potential of robots and artificial intelligence than US tech billionaire Elon Musk, who has said AI was “the scariest problem” and “our biggest existential threat” because, he predicts, they will be able to do everything better than humans. ...
Former BHS owner could face fine if the charges stick image
Source : Guardian [Read Article] Sunday 17th of September 2017 09:31:18 AM
.... Retail Acquisitions, the company he headed that made the acquisition, received up to £25m from BHS, despite owning the department store chain for just 13 months until it collapsed. The regulator has already agreed a £363m cash settlement with Green to rescue the BHS pension scheme and halted legal proceedings against the billionaire. ...
It’s one rule for big data, another for its victims | John Naughton image
Source : Guardian [Read Article] Sunday 17th of September 2017 06:00:33 AM
. Last week, much of the tech world was temporarily unhinged by a circus in Cupertino, where a group of ageing hipster billionaires unveiled some impressive technology while miming the argot of teenage fandom (incredible, amazing, awesome, etc) and pretending that they were changing the world. ...
Christian Candy reshuffles assets worth more than £300m in a year image
Source : Guardian [Read Article] Saturday 16th of September 2017 07:00:05 AM
.... It appears to have been put up for sale and then withdrawn. Once the property of Lily Safra, widow of billionaire banker Edmond Safra, it was marketed at £45m by the estate agent Savills, according to an advert which states it has now been “removed by the agent”. ...
How photography became the hottest new investment choice image
Source : Guardian [Read Article] Saturday 16th of September 2017 06:00:04 AM
....You must also keep it in good condition: behind museum-quality glass is one option, and avoid direct sunlight and water damage. “I once spoke to a billionaire on a yacht,” says Estes. ...
Sports Direct challenged by MPs over claims it underpays couriers image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:32:43 PM
....MPs on two parliamentary select committees have challenged Sports Direct over claims it is deliberately under-paying couriers by mislabeling heavy items, including bicycles, as lightweight packets to avoid paying the fair delivery cost. Frank Field, Labour MP and chair of the Commons work and pensions select committee, said he had written to Mike Ashley, the billionaire Sports Direct founder, to demand answers following concerns raised by a whistleblower at delivery company Hermes. ...
Build-to-rent – the solution to Britain's housing crisis? image
Source : Guardian [Read Article] Thursday 14th of September 2017 05:00:33 AM
....If Grosvenor’s £500m masterplan comes to fruition, people will be living on the factory site from 2020-21 when the 12-acre development reopens to the public. Grosvenor, which is owned by 26-year-old Hugh Grosvenor, Britain’s youngest billionaire, intends to file for planning permission in October. ...
Does Peter Hargreaves have a whale of an opportunity for UK investors? image
Source : Guardian [Read Article] Saturday 9th of September 2017 05:59:00 AM
.... What’s not so easy is buying them at a price where you are then going to make money,” says Hargreaves. The billionaire will be familiar to some as the biggest financial backer of the Brexit campaign, making a £3. ...
Richard Desmond poised to sell Express and Star to Trinity Mirror image
Source : Guardian [Read Article] Friday 8th of September 2017 07:32:26 AM
....Boardrooms have proved to be fertile ground for Desmond tirades. Another outburst included the “bust up of the billionaires” with Lord Alan Sugar at a meeting of TV service YouView’s shareholders, which involved an expletive-laded outburst end with the exclamation “You’re fired!”, stealing Sugar’s catchphrase from BBC show The Apprentice. ...
Bell Pottinger has toxified political debate in South Africa | Justice Malala image
Source : Guardian [Read Article] Wednesday 6th of September 2017 05:59:41 PM
.... Its aim was to divert South Africa’s attention and deflect criticism away from President Zuma. They chose the Afrikaner billionaire Johann Rupert as their fall guy, and used him in Twitter messages, Google and Facebook advertisements, newspaper articles, television features and in political messages and speeches by key Zuma allies. ...
Bell Pottinger: key players and controversial clients image
Source : Guardian [Read Article] Tuesday 5th of September 2017 05:25:02 AM
....The wealthy, powerful and controversial Guptas have been described as “the most hated family in South Africa”. The Gupta brothers moved from India to South Africa in 1993 and developed a very close relationship with Jacob Zuma and his family, becoming billionaires along the way. ...
Value of classic cars and fine art plunges as photographs soar image
Source : Guardian [Read Article] Monday 4th of September 2017 04:54:15 PM
....4% last year – comes after years of booming demand that has made them one of the best investments over the past decade, said Coutts. Fine art has fallen out of favour among the world’s billionaires, with prices down 6. ...
Should Oxford and the V&A take millions from this Putin pal and Trump donor? image
....His charitable donations have been described as some of the most generous ever made in the UK, but unease about Len Blavatnik’s philanthropy has grown after a leading political academic quit the University of Oxford. The Ukraine-born billionaire gave £75m to Oxford to set up the Blavatnik school of government, one of the largest donations in the history of the university. ...
New M&S chairman faces tough task turning round high-street institution | Shane Hickey image
.... Nary a week goes by that the exploits of Mike Ashley and Sports Direct do not hit the news. Last week the details of the billionaire’s latest high court dispute emerged – the Newcastle United owner claims a former friend lured him into handing over £3m that Ashley believed would be invested in a French golf course. ...
Sir Philip Green threatening legal action against Frank Field MP image
Source : Guardian [Read Article] Thursday 31st of August 2017 08:44:05 PM
.... How can this be the case when the document you referred to on the radio is not new; it is a document produced by the regulator last year?”. The billionaire boss of the Arcadia group added that once the regulator came to him with its findings he immediately paid £363m directly into the pension scheme – a sum he said was agreed with investigators. ...
Sports Direct's Mike Ashley sues former business partner over £3m golf course scheme image
. Mike Ashley, the billionaire owner of Newcastle United, is moving from the pub to the golf course in his latest high court dispute with a former business partner. ...
Client accuses Savills of confidentiality breach in Candy brothers dispute image
. Savills, the estate agent to London’s elite, is facing accusations that it breached client confidentiality during a bitter battle between the billionaire Candy brothers and a former business associate. ...
Sir Philip Green's retail empire agrees to pay £30m to BHS creditors image
Source : Guardian [Read Article] Friday 25th of August 2017 01:05:05 PM
....”. The settlement avoids the prospect of the retail billionaire fighting a lengthy legal battle over the demise of BHS. ...
Samsung heir sentenced to five years in jail after corruption conviction image
....A bribery and cronyism scandal that has already toppled a South Korean president has claimed a major business scalp after a court sentenced Lee Jae-yong, the acting chairman of Samsung, to five years in prison for crimes including offering bribes and perjury. The billionaire, South Korea’s third-richest man and heir to the sprawling Samsung empire, had been accused of making large donations to foundations run by a close friend and confidante of the deposed South Korean president, Park Geun-hye, in return for political favours. ...
Bell Pottinger faces sanction over claims it stirred racial tension in South Africa image
. Bell Pottinger will be given a “disciplinary sanction” by the UK’s public relations trade body over allegations that the leading PR firm ran a secret campaign to stir up racial tension in South Africa on behalf of its billionaire clients. ...
Chanel owners pay themselves $3.4bn dividend – four times company's net profit image
. The reclusive billionaire brothers who own Chanel paid themselves a $3. ...
Going underground: number of Britons digging basements soars image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 05:01:05 AM
.... Led Zeppelin guitarist Jimmy Page has been locked in a row with pop star Robbie Williams over plans by the former Take That singer to create a two-storey basement in his west London home. The billionaire founder of the Foxtons estate agency, Jon Hunt, is pushing on with plans to build a multi-storey basement in his Kensington home despite objections from the French embassy, while artist Damien Hirst overcame objections to plans for a mega-basement in his £40m home in Regent’s Park. ...
Ex-BHS owner Dominic Chappell prosecuted by pensions regulator image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 11:38:09 AM
.... Retail Acquisitions received payments of up to £25m from BHS despite owning the department store chain for just 13 months until it collapsed. The regulator has already agreed a £363m cash settlement with Green to rescue the BHS pension scheme and halted legal proceedings against the billionaire. ...
Global super-rich agreeing to rent luxury London homes without visiting image
Source : Guardian [Read Article] Friday 18th of August 2017 02:39:09 PM
....”. Abrahmsohn, who has sold dozens of multimillion-pound homes on and around The Bishops Avenue in Hampstead to billionaires from across the world, said his agency had secured a series of “mega deal” rentals recently and let properties worth £40,000 a week in aggregate. ...
Bill Gates gives $4.6bn to charity in biggest donation since 2000 image
Source : Guardian [Read Article] Tuesday 15th of August 2017 05:30:31 PM
....2bn contribution by investor Warren Buffett to the Gates foundation last month. In 2010 the Gates and Warren Buffett created the Giving Pledge, a promise to give at least half of their wealth to charity, and called on other billionaires to join them. ...
Bell Pottinger faces hearing over claims it stirred racial tension in South Africa image
. Bell Pottinger, the public relations company founded by Margaret Thatcher’s spin doctor Lord Bell, will on Friday be hauled before the public relations and communications association (PRCA) disciplinary committee over allegations it ran a secret campaign to stir up racial tension in South Africa on behalf of billionaire clients. ...
Vanishing app: Snapchat struggles as Facebook bites back image
Source : Guardian [Read Article] Friday 11th of August 2017 05:40:23 PM
.... Wall Street cares about revenues in a way that Silicon Valley doesn’t. Life has changed for Snap Inc and its newly minted billionaire co-founder, Evan Spiegel, since the company went public in March. ...
Why is Google spending record sums on lobbying Washington? image
Source : Guardian [Read Article] Sunday 30th of July 2017 11:00:18 AM
....The largest monopoly in America, Google controls five of the top six billion-user, universal web platforms – search, video, mobile, maps and browser – and leads in 13 of the top 14 commercial web functions, according to Scott Cleland at Precursor Consulting. As the controversial Trump-supporting PayPal billionaire Peter Thiel points out, companies like Google don’t like to advertise this fact. ...
Can Jack Ma, Asia’s richest man, create 1m jobs in the US? image
Source : Guardian [Read Article] Sunday 30th of July 2017 06:30:12 AM
.... To fulfil his promise of 1m jobs, he needs more than 50,000 companies to replicate Wolf’s success in the next few years. By then, or course, Trump will likely have moved on to his next pet project, and Ma, the English teacher turned tech billionaire, will have greased the wheels in the world’s two largest economies. ...
Jeff Bezos: how the world's richest man can change his stingy reputation image
....001%, Bezos recently hinted that he is finally looking for opportunities to put more of his money toward social good. Bezos has long had a reputation for being unusually stingy, even for a multibillionaire. ...
London's Walkie Talkie building sold for record-breaking £1.3bn image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:22:56 PM
....Lee Kum Kee purchased the glass-fronted 3 Harbour Exchange building in Docklands in December for £37m, and earlier this year the group tried and failed to buy the Gherkin. LKK is a 129-year-old family business that specialises in oyster sauce, shrimp paste and Chinese herbal medicine, and is controlled by 88-year-old billionaire Lee Man Tat. ...
Amazon founder Jeff Bezos – briefly – becomes world's richest man image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:20:59 PM
....Bezos leapfrogged Gates, who has been the richest man on the planet since 2013, after a rise in the share price of Amazon ahead of its latest results due Thursday night. According to a real-time billionaires index compiled by Forbes, the rise pushed the value of Bezos’s fortune to $91bn (£69bn) – compared with Gates’ wealth of $90bn. ...
Uber and Deliveroo chiefs face new grilling by MPs image
Source : Guardian [Read Article] Tuesday 25th of July 2017 10:18:54 AM
....Reeves said the business committee had had its best moments in recent years when it held “the feet to the fire of some of our business tycoons” over their treatment of staff. Retail billionaires Sir Philip Green, whose empire includes Topshop and the now-defunct BHS, and Mike Ashley, the founder of Sports Direct, appeared in front of the committee to face questions during the last parliament. ...
Jimmy Choo auctioned off to US fashion brand Michael Kors for £900m image
Source : Guardian [Read Article] Tuesday 25th of July 2017 08:00:16 AM
....After a somewhat acrimonious departure, Mellon last year unsuccessfully sued her former employer for millions of pounds in damages claiming it had tried to sabotage her new business, a luxury footwear bearing her own name, by allegedly trying to prevent its suppliers from producing her designs. Jimmy Choo’s majority shareholder JAB Luxury, the investment arm of Germany’s billionaire Reimann family, put the firm up for sale in April. ...
Jared Kushner sealed real estate deal with oligarch's firm cited in money-laundering case image
....A Guardian investigation has established a series of overlapping ties and relationships involving alleged Russian money laundering, New York real estate deals and members of Trump’s inner circle. They include a 2015 sale of part of the old New York Times building in Manhattan involving Kushner and a billionaire real estate tycoon and diamond mogul, Lev Leviev. ...
CEO-to-worker compensation gap shrinks in 2016 – but it's still 271-to-1 image
.... He said the dip may be down to CEOs being compensated in other ways or to them holding off on cashing in stock options in the hope that the Trump administration will enact promised tax changes that will benefit high earners. Donald Trump has stocked his cabinet with billionaires and consistently cited their wealth as one of their core qualifications. ...
Mike Ashley brushes off 60% dive in profits as shares in Sports Direct rise image
....7m in the year to the end of April. Ashley, the company’s billionaire founder, chief executive and majority shareholder, blamed the fall in profits on the decline in the value of the pound against the dollar, which he said had a “significant impact”. ...
Rupert Murdoch ‘could use Sky data trove for political ends’ image
Source : Guardian [Read Article] Saturday 15th of July 2017 09:00:03 PM
.... The Information Commissioner’s Office here launched an investigation into the micro-targeting of individual voters with personalised messages after a series of articles in the Observer. The company at the heart of both US and UK investigations – Cambridge Analytica – is owned by a hedgefund billionaire and Trump donor, Robert Mercer. ...
Havaianas flip-flop brand sold for £850m as scandal-hit owners sell stake image
. Brazilian flip-flop brand Havaianas is being sold for nearly £850m as its billionaire owners flog the family silver to pay a £2. ...
Sports Direct buys 26% stake in Game Digital image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:59:54 AM
....The founder of Sports Direct, Mike Ashley, has added a near 26% stake in the struggling video games retailer Game Digital to his string of high street investments. Game Digital said Sports Direct, controlled by the billionaire, had acquired 44m shares, amounting to a 25. ...
Judge says Mike Ashley case is 'a lot more interesting' than others image
Source : Guardian [Read Article] Wednesday 12th of July 2017 06:07:26 PM
. A high court judge has joked that the legal dispute over what Sports Direct billionaire Mike Ashley allegedly said during a drunken night out to a London pub is “a lot more interesting” than most dry business disputes that reach the courts. ...
Detroit is 'booming' again. You have to be rich and powerful to notice, though | Bankole Thompson image
.... Multimillion dollar investments are being pumped into downtown and Midtown, creating a sort of Mecca in the American midwest. The unquestionable driver behind most of the investments is billionaire investor Dan Gilbert, the founder and chairman of the mortgage giant, Quicken Loans, who is majority owner of the basketball team, the Cleveland Cavaliers. ...
Mike Ashley tells high court: I'm a power drinker, I like to get drunk image
....” Sports Direct shares peaked at 922p in 2014 but are now changing hands at 298p. Ashley told the court this week that he was so “fabulously wealthy” that he didn’t know what to spend his money on when Sports Direct floated on the stock market 10 years ago and made him a paper billionaire. ...
Mike Ashley: former colleague is trying to extort millions over 'banter' image
....Mike Ashley has accused a former colleague of trying to extort millions of pounds from him by making out that a joke during “ludicrous” drunk banter amounted to a £15m business deal. The billionaire founder of Sports Direct repeatedly accused Jeff Blue, the banker he allegedly promised the bumper pay day, of being a “liar” and dismissed suggestions that he often makes multi-million pound deals while drunk in the pub as “total crap”. ...
Mike Ashley's talk of £15m deal was just banter, court is told image
Source : Guardian [Read Article] Wednesday 5th of July 2017 11:23:12 AM
. A City trader who witnessed Sports Direct billionaire Mike Ashley allegedly agree to pay a banker £15m during a boozy session in a London pub has dismissed the claimed deal as “just a laugh in a pub”. ...
Mike Ashley 'paid ex-Sports Direct chief secret £1m-a-year bonus' image
Source : Guardian [Read Article] Tuesday 4th of July 2017 04:57:10 PM
. Mike Ashley, the controversial billionaire founder of Sports Direct, allegedly secretly paid his former chief executive £1m-a-year out of his personal funds in order to keep down the pay of other staff. ...
LeEco chairman 'has bank accounts frozen over debt' image
Source : BBC [Read Article] Tuesday 4th of July 2017 04:54:25 AM
. The billionaire co-founder of struggling Chinese technology giant LeEco has had personal assets frozen by a Shanghai court, state media reports. ...
Mike Ashley vomited into fireplace at pub meeting, court told image
Source : Guardian [Read Article] Monday 3rd of July 2017 02:24:59 PM
. The high court has been given an extraordinary insight into the working practices of Mike Ashley, the controversial founder of Sports Direct, who it was claimed would challenge subordinates to extreme drinking competitions that once ended with the 52-year-old billionaire vomiting into a fireplace. ...
Mike Ashley 'vomited into fireplace at pub meeting' image
Source : BBC [Read Article] Monday 3rd of July 2017 01:58:14 PM
....He claims Mr Ashley often held meetings in pubs, and at one time promised to pay him £15m if he managed to increase Sports Direct's share price to £8. He said the billionaire only paid him £1m. ...
The Guardian view on Murdoch’s Sky takeover: not a done deal | Editorial image
....Did a smile steal across the face of Rupert Murdoch? It probably did so when the culture secretary Karen Bradley stood up in parliament on Thursday. While the billionaire was told his bid to buy the 61% of Sky that he does not own could give him too much power over the news and the political process in Britain, Mr Murdoch would have also heard that he and his family were “fit and proper” holders of a UK broadcast licence. ...
Green's 'main purpose' in BHS sale was to avoid pension liability, says watchdog image
.... Under his tenure, the scheme went from a surplus into a deficit. That close involvement, which continued even after BHS had been sold, bolstered the regulator’s case for recompense from the billionaire. ...
Holland & Barrett sold to Russian billionaire for £1.8bn image
Source : Guardian [Read Article] Monday 26th of June 2017 07:53:35 AM
....Holland & Barrett has been acquired for £1. 8bn by a retail investment fund controlled by Russian billionaire Mikhail Fridman. ...
How privatization could spell the end of democracy image
Source : Guardian [Read Article] Wednesday 21st of June 2017 08:00:25 AM
.... We’ve been taught that all fields of human life should be organized as markets, and that government should be run like a business. This ideology has found its perverse culmination in the figure of Donald Trump, a celebrity billionaire with no prior political experience who catapulted himself into the White House by invoking his expertise as an businessman. ...
Duke of Westminster's property group to build 1,500 rental homes in London image
.... One of Britain’s biggest property owners, it owns swaths of the capital’s most exclusive neighbourhoods in Mayfair and Belgravia. The firm, owned by 26-year-old Hugh Grosvenor – who became the Duke of Westminster and Britain’s youngest billionaire last year after his father’s sudden death, is tapping into the rising trend for long-term renting among young professionals. ...
EasyJet offers private jet experience at Luton – without the private jet image
. EasyJet passengers can now travel like billionaires – at least to as far as the steps of the plane – following the launch of a new venture to allow the airline’s customers to use the private jet terminal and facilities at Luton airport. ...
Adnan Khashoggi: Saudi billionaire arms dealer dies aged 82 image
Source : BBC [Read Article] Tuesday 6th of June 2017 06:37:25 PM
. Saudi arms dealer Adnan Khashoggi, a billionaire businessman known for his lavish lifestyle, has died in London at the age of 82. ...
China's HNA: The biggest company you've never heard of image
Source : BBC [Read Article] Tuesday 6th of June 2017 02:52:26 PM
.... The UK inside the EU or outside the EU, [the] UK is [the] UK," he says. HNA, which is led by Chinese billionaire Chen Feng, was founded in 1993 and made its name in shipping and aviation. ...
Philip Green fashion empire hit by 16% fall in profits image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:29:15 PM
. Sir Philip Green’s fashion empire suffered a 16% fall in profits last year as the billionaire’s Topshop-to-Miss Selfridge group struggled with difficult trading on the high street. ...
Splendid isolation? image
Source : BBC [Read Article] Sunday 4th of June 2017 12:02:19 AM
.... . For that reason Sean Mulryan, the Irish billionaire behind the development, has described it as his "island of dance". ...
Climate clash image
Source : BBC [Read Article] Thursday 1st of June 2017 09:37:48 AM
....And chief executives have been queuing up - or at least tweeting - to share their views too. Facebook's Mark Zuckerberg said the withdrawal was "bad for the environment, bad for the economy, and it puts our children's future at risk", while fellow dotcom billionaire Jack Dorsey, the co-founder of Twitter, called it "an incredibly short-sighted move backwards". ...
Operation Car Wash: The biggest corruption scandal ever? image
Source : Guardian [Read Article] Thursday 1st of June 2017 04:30:45 AM
.... At first, the press described it as the biggest corruption scandal in the history of Brazil; then, as other countries and foreign firms were dragged in, the world. The case would go on to discover illegal payments of more than $5bn to company executives and political parties, put billionaires in jail, drag a president into court and cause irreparable damage to the finances and reputations of some of the world’s biggest companies. ...
Sir Stelios Haji-Ioannou pledges to give half of £2bn fortune to charity image
. The easyJet founder, Sir Stelios Haji-Ioannou, has promised to give more than half of his £2bn fortune to charity after he was “inspired” by the world’s richest man, the Microsoft billionaire and philanthropist Bill Gates. ...
Couriers on Britain's shopping addiction: 'Customers don't care as long as it's cheap' image
....This growing torrent of parcels is heartening news for the delivery giants. Hermes, ultimately owned by 73-year-old German billionaire Michael Otto and family, turned a profit of £27m in the UK last year using almost entirely self-employed couriers. ...
Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
....Edinburgh Woollen Mill has confirmed the acquisition of the Jaeger brand as part of plans to launch a new 50-store department chain. Philip Day, the billionaire owner of the Edinburgh Woollen Mill group, wants to open at least 50 of his eponymous Days stores, the first of which opened in Carmarthen, Wales, late last week. ...
Ford faces lots of bumps in the road to a world of driverless cars image
Source : Guardian [Read Article] Sunday 28th of May 2017 06:00:02 AM
....While there is great appeal in the idea of reclining with a drink inside one’s Ford Fiesta, circa 2030, oblivious to the congested M25 the car is safely navigating, the sliproad to this nirvana may be bumpy. Witness the travails of some of Tesla’s staff, in the pioneering factory in Fremont, reportedly suffering all too human problems as their billionaire visionary boss, Elon Musk, ramps up production. ...
What's better than a Buffett rule? Labor's Buffett rule by stealth | Greg Jericho image
.... What perhaps has been ignored is that the ALP has also come up with a policy that might achieve some of its aims with much less tinkering with the tax system. The Buffett rule of tax comes from the US billionaire Warren Buffett, who in 2011 was surprised that, because of deductions and differing tax rates, he paid a lower average rate of tax than did his secretary. ...
Former Anglo Irish chair Seán Fitzpatrick walks free as trial collapses image
....One of those who used Anglo Irish to play the global property casino was Ireland’s one-time richest man, Seán Quinn. Quinn is the former billionaire whose rise and fall while overborrowing from Anglo Irish personifies the collapse of Ireland’s Celtic Tiger economy. ...
'I spit on you again': Russian billionaire renews tirade against Putin rival image
. The Russian billionaire and Arsenal shareholder Alisher Usmanov has launched an embittered online attack on the anti-corruption campaigner and Vladimir Putin critic Alexei Navalny. ...
Ineos to buy Dong Energy's oil and gas arm in £1bn deal image
Source : BBC [Read Article] Wednesday 24th of May 2017 10:30:50 AM
....Last month it struck a $250m (£192m) deal with BP to buy the Forties pipeline system, which transports nearly 40% of the UK North Sea's oil and gas production. In the latest move, Ineos - which is controlled by British billionaire Jim Ratcliffe - will pay Dong just over $1bn, plus up to $250m in contingent payments. ...
Ford names Jim Hackett as new CEO in push to build self-driving cars image
.... In the US, the race pits traditional auto firms such as Ford and General Motors against technology-focused newcomers, such as Uber and Google, through its Waymo spinoff company. Also in the running is Tesla, led by futurist billionaire Elon Musk, an auto firm that bridges the divide between Detroit and Silicon Valley by specialising in electric and autonomous cars. ...
Arsenal: Stan Kroenke says Gunners shares 'are not, and have never been, for sale' image
....The Gunners, who finished fifth in the Premier League this season, face Chelsea in the FA Cup final on Saturday. Arsenal legend Ian Wright says the club needs the spending power of a billionaire such as Usmanov, adding "something has to change". ...
Billionaire makes 'biggest philanthropic gift' by living Australian image
....Mr Forrest was once Australia's richest man, with his wealth peaking in 2008 during the nation's mining boom. In 2013, he pledged at least 50% of his wealth to charity after joining the Giving Pledge campaign launched by US billionaires Bill Gates and Warren Buffett. ...

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