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....The details of BAT’s promotion of cigarettes in troubled countries, come as BAT works to raise financing to conclude its purchase of Reynolds American, which will make it the biggest tobacco company in the world. The revelations also follow a Guardian investigation revealing that BAT and other multinationals have used threats against at least eight African nations, demanding they axe or dilute the kind of tobacco control measures that have saved millions of lives in the west. ... [Read full article on Guardian ]
Friday 18th of August 2017 07:00:17 AM
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....“It is beyond my understanding how the board of Naif can conclude that providing a subsidised loan to facilitate a project of this nature is ‘not in a way likely to cause damage to the commonwealth government’s reputation’,” Yates said in July. The leader of the Australian Greens, Richard Di Natale, said: “Even beyond the obvious environmental catastrophe that would be unleashed by the Adani mine, these allegations should make the Liberals immediately rule out handing over $1bn of public money to a multinational corporation with such serious questions to answer. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 02:09:17 AM
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Latest Finance News related to Multinational

Revealed: how British American Tobacco exploited war zones to sell cigarettes image
....The details of BAT’s promotion of cigarettes in troubled countries, come as BAT works to raise financing to conclude its purchase of Reynolds American, which will make it the biggest tobacco company in the world. The revelations also follow a Guardian investigation revealing that BAT and other multinationals have used threats against at least eight African nations, demanding they axe or dilute the kind of tobacco control measures that have saved millions of lives in the west. ...
Adani $900m rail line loan should be ruled out after fraud allegations, opponents say image
....“It is beyond my understanding how the board of Naif can conclude that providing a subsidised loan to facilitate a project of this nature is ‘not in a way likely to cause damage to the commonwealth government’s reputation’,” Yates said in July. The leader of the Australian Greens, Richard Di Natale, said: “Even beyond the obvious environmental catastrophe that would be unleashed by the Adani mine, these allegations should make the Liberals immediately rule out handing over $1bn of public money to a multinational corporation with such serious questions to answer. ...
For the first time ever I am defending banks. Here’s why | John Harris image
.... As big banks lined up with the UK’s largest corporations to warn the public that Brexit would be disastrous, the sense of an instantaneous backlash was obvious. Former City insider Nigel Farage well knew Brexit’s basic populist plotlines, and when he made his victory speech in the small hours of 24 June, he said that the leave campaign had knocked down three adversaries in particular: “multinationals”, “big politics”, and “merchant banks”. ...
Amazon paid just £15m in tax on European revenues of £19.5bn image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:15:53 AM
....Ana Arendar, Oxfam’s head of inequality, said: “Despite some action by ministers and companies, widespread corporate tax avoidance continues to cost both rich and poor countries billions every year that could pay for schools and lifesaving healthcare. “We urgently need comprehensive public country-by-country reporting for multinationals to ensure they pay their fair share of tax – the UK government should implement this by the end of 2019 – unilaterally if necessary. ...
REVEALED: The blossoming expat communities in countries you may NOT have considered image
....The country features long expanses of deserted paradisiacal beaches, turquoise Caribbean seas, quiet rural communities, charming markets, stunning biodiversity and bustling modern cities. Indeed, employment opportunities in Costa Rica have also blossomed, as many multinationals take advantage of its free trade zones, rich environment, agriculture and ecotourism. ...
Britain is still a world-beater at one thing: ripping off its own citizens | Aditya Chakrabortty image
.... Neither David Cameron nor Theresa May would countenance the British government creating a new power station, but they will pay way over the odds for foreign governments to do so. Want more examples? Think about the giant outsourcing industry, where a multinational such as G4S can fail to lay on enough guards for the 2012 London Olympics and charge taxpayers for phantom electronic tags on dead criminals – and still be put in charge of securing the Royal Mint. ...
Serious Fraud Office opens investigation into BAT bribery claims image
Source : Guardian [Read Article] Tuesday 1st of August 2017 09:34:35 AM
.... It invited members of the public to come forward with any evidence they might have. The news follows a major Guardian investigation revealing that BAT and other multinationals have used threats against at least eight African nations, demanding they axe or dilute the kind of tobacco control measures that have saved millions of lives in the west. ...
Can Bozoma Saint John repair Uber's troubled image? image
Source : Guardian [Read Article] Friday 28th of July 2017 12:00:21 PM
.... The company is in desperate need of an image overhaul after months of allegations of toxic work culture, sexual harassment and a series of high-profile executive departures, including that of the bad-boy chief executive Travis Kalanick. Saint John has years of experience honing the reputations of multinational companies, but is shifting people’s perceptions of the ride-sharing company a challenge too far?. ...
Boots ends 130 years of manufacturing as it sells off factories image
Source : Guardian [Read Article] Wednesday 26th of July 2017 12:24:08 PM
....Globally, Fareva produces and packs pharmaceutical, beauty, industrial and household products backed by 12 research and development centres. Walgreens Boots Alliance said: “The proposed agreement will create a partnership to provide Walgreens Boots Alliance with a core multinational manufacturing and development resource, enabling the company to accelerate its global product strategy. ...
Netherlands and UK are biggest channels for corporate tax avoidance image
Source : Guardian [Read Article] Tuesday 25th of July 2017 06:07:55 PM
.... The UK accounted for 14%, ahead of Switzerland (6%), Singapore (2%) and Ireland (1%). Every year multinationals avoid paying £38bn-£158bn in taxes in the EU using tax havens. ...
TNT parcels 'backed up to ceiling' in wake of massive cyberattack image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:34:00 AM
....Graham Cluley, an independent cybersecurity expert, said the final bill for the attack could be huge. “There’s no such thing as 100% security, but this malware outbreak has disrupted a number of large multinationals for weeks, hitting their systems, and in some cases financial outlook, for six,” Cluley said. ...
Pepsico, Unilever and Nestlé accused of complicity in illegal rainforest destruction image
....“Relying on NGOs to uncover the truth is simply not good enough,” she said. “If RAN, with our relatively limited budget, can figure it out, then multibillion dollar, multinational corporations certainly can. ...
British American Tobacco to acquire Reynolds as activists decry merger image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:51:28 PM
.... The deal is expected to complete by next Tuesday. BAT is one of the multinational tobacco companies that have threatened governments in at least eight countries in Africa to block or dilute new regulations to limit the harm caused by smoking, a Guardian investigation found last week. ...
Investors received record-breaking dividends in 2017, research shows image
Source : Guardian [Read Article] Monday 17th of July 2017 06:01:43 AM
....Justin Cooper, a spokesman for Capita Asset Services, said: “Shareholders can be thankful they had punchy special dividends and the weak pound in their corner, but improving profits have also played their part. Exchange rate gains have come not only for big multinationals declaring dividends in foreign currencies, but also for others with overseas operations, or export sales, supercharging their profits and so their dividends. ...
Globalisation: the rise and fall of an idea that swept the world image
Source : Guardian [Read Article] Friday 14th of July 2017 04:28:14 AM
.... In 1996, only five years after the end of the Soviet Union – with Russia’s once-protected markets having been forcibly opened, leading to a sudden decline in living standards – a communist won 40% of the vote in Russia’s presidential elections. That same year, two years after the passing of the North American Free Trade Agreement (Nafta), one of the most ambitious multinational deals ever accomplished, a white nationalist running on an “America first” programme of economic protectionism did surprisingly well in the presidential primaries of the Republican party. ...
Philip Morris waging global effort to hobble anti-smoking treaty, files show image
. Philip Morris, the multinational company best known for Marlboro cigarettes, has developed a corporate strategy to undermine a global treaty and fight tobacco regulation around the world, leaked documents reveal. ...
Threats, bullying, lawsuits: tobacco industry's dirty war for the African market image
. British American Tobacco (BAT) and other multinational tobacco firms have threatened governments in at least eight countries in Africa demanding they axe or dilute the kind of protections that have saved millions of lives in the west, a Guardian investigation has found. ...
Indie brewers fight back in bitter row over beer brands' craft credentials image
....Camden Town, Goose Island, Blue Point, Meantime, Hop House 13, Blue Moon, Sharp’s Doom Bar, Lagunitas and London Fields. This pub cellar’s worth of beer brands have one thing in common: they are widely perceived as “craft” brews but are actually owned by multinational companies. ...
Camden Town Brewery founder insists big can also be beautiful image
Source : Guardian [Read Article] Saturday 8th of July 2017 03:00:11 PM
....”. On Monday, another multinational, Carlsberg, said it had bought London Fields Brewery in Hackney, east London. ...
Carlsberg buys London Fields Brewery image
Source : Guardian [Read Article] Monday 3rd of July 2017 05:39:11 PM
....Carlsberg has snapped up London Fields Brewery, which has been up for sale since its founder was charged with tax fraud. The beer firm in Hackney, east London, which built a cult following for brews such as Easy IPA and Shoreditch Triangle IPA, is the latest in a string of “craft” breweries to be bought by a multinational firm, joining ABInBev-owned Camden and Meantime, now owned by Asahi. ...
The Guardian view on the EU’s Google judgment: firm and fair | Editorial image
....The technology of the mobile internet has been a huge blessing for the world. But where it is not in the hands of undemocratic governments, it is controlled today by multinational advertising companies, which is the business that makes both Google and Facebook their almost incredible profits. ...
Google fine: EU is not waging underhand trade war against ​​US tech firms | Nils Pratley image
.... Since that danger has now passed (for the time being, at least), restoring levels to a “standard” setting is sensible. What a coincidence: activist investor Dan Loeb’s Third Point hedge fund is hounding Nestlé to improve its performance, and the consumer goods multinational has decided this is exactly the right moment to launch a SFr20bn (£16bn) buy-back. ...
One year on from Brexit vote: business's winners and losers image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
....”. Large multinationals listed on the FTSE 100 but with significant foreign earnings have been among the biggest winners from the vote, benefiting from a weaker pound. ...
BIS warns rolling back globalisation would be ‘detrimental’ image
Source : Guardian [Read Article] Sunday 18th of June 2017 05:41:55 PM
.... It called for more international cooperation to ensure businesses pay their fair share of tax. “Trade and financial linkages enable companies, particularly large multinationals, to make decisions regarding production and profit declaration to minimise their taxes,” the report said. ...
Cladding for Grenfell Tower was cheaper, more flammable option image
Source : Guardian [Read Article] Friday 16th of June 2017 12:15:05 PM
....The company also paid a dividend of £950,000 to its sole shareholder, an investment group specialising in construction companies called Xerxes Equity. The chairman of Xerxes and its largest shareholder is the corporate grandee Tony Rice, who is a former chief executive of the telecoms multinational Cable & Wireless and is also a trustee of the housing charity Shelter. ...
Complex chain of companies that worked on Grenfell Tower raises oversight concerns image
.... to work on ventilation systems. And it also emerged that Reynobond PE, an aluminium panel used in the Grenfell Tower cladding, was designed by the multinational firm Arconic, formerly part of the multinational metals group Alcoa. ...
German firms grapple with UK poll result image
Source : BBC [Read Article] Friday 9th of June 2017 11:19:21 AM
.... Most, like the polls, assumed a comprehensive win for Theresa May, and the size of her majority was seen as being of negligible consequence to the direction of Brexit negotiations. As one chief executive of a German-based multinational put it: "A weak or strong UK government still really has no negotiation power in the Brexit. ...
Qatar row: Economic impact threatens food, flights and football image
....People know about it thanks in part to its national airline (Qatar Airways), its international news station (Al Jazeera) and through sport (notably winning the right to host the 2022 football World Cup and being a former sponsor of perhaps the world's most famous club, Barcelona). And with a distinctive skyline in the capital Doha, it has succeeded in attracting multinationals to open offices there. ...
Sterling flat as shares edge higher image
Source : BBC [Read Article] Friday 2nd of June 2017 07:47:25 AM
....63. A weak pound tends to boost the 100-share index, since many of the firms included are multinationals that derive much of their revenues from abroad. ...
Investment groups tell investors to give up tobacco industry image
Source : BBC [Read Article] Wednesday 31st of May 2017 02:27:31 PM
.... . These include multinational agencies, lobby groups, governments and the global medical establishment, as well as the stark fact, as formulated by the WHO, that "tobacco kills up to half of its users". ...
EU targets lawyers and accountants in tax-avoidance clampdown image
Source : Guardian [Read Article] Tuesday 30th of May 2017 06:24:16 PM
....Juncker, who once joked that bank robbers could make the best police officers, has presided over a multi-pronged attack on tax avoidance since arriving in Brussels. Large multinational companies will have to disclose more information about taxes and profits, although precise details are still being hammered out. ...
Whole Foods represents the failures of 'conscious capitalism' | Nicole Aschoff image
....The Whole Foods founder penned his treatise in response to the growing consensus that capitalism is doing irreparable harm to the planet and the people who live on it. Our for-profit system is increasingly viewed as a zero-sum game in which ecological destruction, climate change and rising inequality are firmly linked to the rapacious behavior of multinational corporations. ...
Tax on test: do Britons pay more than most? image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
....Gross salary £100,000After tax £59,000Tax rate 41%. While Ireland remains a low-tax haven for giant multinationals, its resident population has suffered steep tax increases after its banks collapsed and it was forced into a £57bn IMF-EU bailout. ...
Petrofac executive suspended amid fraud probe image
Source : BBC [Read Article] Thursday 25th of May 2017 11:29:00 AM
....". Earlier in May the SFO confirmed it was investigating Petrofac as part of a wider investigation into Unaoil, a Monaco-based firm that it has accused of corruptly securing contracts for dozens of multinationals. ...
Oil bosses have given £390,000 to Tories under Theresa May image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 05:00:43 AM
....In the first week of the election campaign, his wife, Sawsan, donated an additional £50,000 to the party. Asfari has been questioned under caution by SFO officers investigating claims that Unaoil, a Monaco-based firm, corruptly secured contracts for multinationals. ...
Tories receive £50,000 from man questioned by Serious Fraud Office image
Source : Guardian [Read Article] Thursday 18th of May 2017 02:12:09 PM
.... The Asfaris have now given £819,350 to the party. The investigation is part of the SFO’s inquiry into Unaoil, a Monaco-based firm that has been accused of corruptly securing contracts for multinationals. ...
KitKat foiled again in attempt to trademark four-fingered bar's shape image
Source : Guardian [Read Article] Wednesday 17th of May 2017 09:31:17 AM
....It’s enough to make anyone need a sit-down with a cup of tea and a four-fingered chocolate wafer biscuit. The confectionery multinational Nestlé has lost the latest round of its long-running battle with rivals Cadbury to trademark the shape of the KitKat bar in the UK. ...
McDonald's pulls ad that 'exploited child bereavement' image
Source : Guardian [Read Article] Tuesday 16th of May 2017 10:12:36 AM
....Last month, Pepsi withdrew an advertising campaign featuring Kendall Jenner after the company was accused of co-opting the imagery of protest movements to sell its products. The soft drink multinational’s video featured the reality TV star and model Jenner joining a protest but then defusing a standoff with police by handing an officer a can of Pepsi. ...
Vodafone reports hefty loss after hit from Indian unit image
Source : BBC [Read Article] Tuesday 16th of May 2017 08:12:13 AM
....6%. On Brexit, Mr Colao said he had no plans to follow other multinational UK-based businesses in moving some operations overseas. ...
General election 2017: Lib Dems promise £100-a-week for entrepreneurs' living costs image
....Those starting an enterprise would get help under the scheme for the first six months, up to a maximum of £2,600. Launching his business manifesto, leader Tim Farron will claim other parties cut tax for multinationals but he is on the side of small businesses. ...
Tory donor questioned by SFO over corruption claims at Petrofac image
Source : Guardian [Read Article] Friday 12th of May 2017 04:47:44 PM
.... There are 44 business ambassadors, including Douglas Flint, the chairman of HSBC, and Natalie Massenet, the founder of fashion retailer Net-a-Porter. The investigation is part of the SFO’s inquiry into Unaoil, a Monaco-based firm that has been accused of corruptly securing contracts for multinationals. ...
Smirnoff owner Diageo to pay HMRC £107m in 'Google tax' crackdown image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:54:14 PM
. Diageo, the drinks company behind Johnnie Walker, Smirnoff and Guinness, is to pay HMRC £107m under the “Google tax” crackdown aimed at multinationals. ...
Cybercrime on the high seas: the new threat facing billionaire superyacht owners image
....”. Maass said Trump’s planned tax reforms would likely give the rich an income boost and had encouraged them to spend, particularly as Trump is expected to introduce a tax holiday to encourage multinationals to repatriate some of the billions held offshore. ...
Nespresso bid to recycle coffee pods image
Source : Guardian [Read Article] Saturday 29th of April 2017 11:05:12 PM
. Coffee company Nespresso – part of Swiss multinational Nestlé – is to trial a scheme for consumers to recycle their used aluminium capsules for the first time in the UK, in the face of a growing environmental backlash against increasingly popular single-serve pods, many of which end up in landfill. ...
Google, Amazon and Microsoft report rising profits image
Source : BBC [Read Article] Thursday 27th of April 2017 08:53:18 PM
...."Our results this quarter reflect the trust customers are placing in the Microsoft Cloud," said Microsoft chief executive Satya Nadella. "From large multinationals to small and medium businesses to non-profits all over the world, organisations are using Microsoft's cloud platforms to power their digital transformation. ...
Can Donald Trump better renegotiate Nafta? Yes, by bringing back TPP image
Source : Guardian [Read Article] Tuesday 25th of April 2017 08:44:58 AM
....There is also room for increased protection against corporate abuse of the investor-state dispute-settlement procedure. For example, negotiators could add provisions for the summary dismissal of frivolous suits, such as challenges by multinational corporations to a new regulation on the grounds that it will diminish their ability to earn profits. ...
Could the IMF's 'world currency' help encourage global unity? | Mohamed El-Erian image
....While it is not easy to combine developmental and commercial activities, the implications for global growth and stability of not doing so suggest that it is an effort that should be explored. Moreover, the IMF could start small, focusing on interactions with other official multilateral and regional institutions, sovereign wealth funds, and multinational financial companies – all anchored by an active coalition of the willing among the G20. ...
O’Reilly’s exit shows the sons are rising in the Murdoch empire image
Source : Guardian [Read Article] Sunday 23rd of April 2017 05:59:05 AM
....The forced departure of Bill, over protests and wriggling from dad (85), shows that the sons have finally begun to call the tune. Fox is on the way to becoming like any other multinational giant: on either side of the Atlantic, no sweaty hand, however money-coining, can be allowed to roam unchecked. ...
Braced for Brexit image
Source : BBC [Read Article] Friday 21st of April 2017 08:44:19 PM
....The pound has fallen in value in the wake of last June's referendum outcome. The leading music streaming services, from Sweden's Spotify to US-based Apple Music, are all multinational firms whose pricing policies are decided elsewhere. ...
FTSE 100 suffers worst day since Brexit vote after May calls election image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:11:25 PM
....More than £45bn was knocked off the value of shares in Britain’s biggest companies following Theresa May’s snap general election announcement, with the FTSE 100 index suffering its worst day since the Brexit referendum as a rally in the pound hit the stock market. Most multinationals listed on the London stock exchange earn the majority of their profits in dollars, which have been worth more due to sterling’s decline in the wake of the EU vote. ...
Labour plans clampdown on 'sweetheart deals' to close £36bn tax gap image
Source : Guardian [Read Article] Friday 14th of April 2017 11:01:09 PM
.... He said the “tax gap” between what companies should be paying and what is actually received by the exchequer amounts to some £36bn. Successive governments, including Theresa May’s administration, have pledged to crack down on multinational companies gaming the international tax system to pay less tax. ...
BrewDog toasts £213m US private equity investment image
Source : BBC [Read Article] Sunday 9th of April 2017 02:08:58 PM
....BrewDog earlier relied on crowdfunded cash and has 55,000 small investors. Founders James Watt and Martin Dickie had previously said they would never sell to a multinational beer maker, but Mr Watt told the BBC selling a minority stake to the US firm would "give us the fire power to compete globally". ...
Brexit hasn’t happened yet – and it is changing all the time image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
.... To anyone with eyes to see and ears to hear, it is abundantly clear that many expats, both continental and British, are extremely worried about their future status and freedom to travel around Europe – as, for that matter, are many of us who are not expats. And multinational firms and banks are making strategic decisions now: they cannot afford to wait, and rely on promises and statements from the government which seem to change tone with remarkable rapidity. ...
Speedboat among £5.1m of assets seized in tax fraud investigation image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:53:57 PM
....British and Dutch authorities have seized more than €6m (£5. 1m) worth of assets – including luxury cars, a speedboat and properties – from an Anglo-Dutch couple accused of running a multinational tax avoidance scheme. ...
May and LSE chief woo Saudi ministers for $2tn Aramco listing image
Source : Guardian [Read Article] Wednesday 5th of April 2017 09:44:22 AM
....On Wednesday May and Rolet met Yasir al-Rumayyan, the director of the Saudi public investment fund – a sovereign wealth fund – to discuss inward investment in the UK with a focus on science, education and infrastructure, though no particular projects have been agreed. Trade talks have historically focused on arms sales, but sources insisted the prime minister had not brought a full trade delegation with her on this trip, with no one from the British multinational arms manufacturer BAE Systems. ...
Amazon expands into UK's £96bn business-to-business market image
Source : Guardian [Read Article] Tuesday 4th of April 2017 05:30:43 AM
....The products the service will sell range from laptops to thermal imaging cameras and cleaning products. Bill Burkland, head of Amazon Business UK, said: “Whether you are a sole trader, a buyer in a mid-size company or a chief procurement officer in a large multinational organisation, Amazon Business has the products and capabilities to serve your needs. ...
Google reveals latest UK tax bill image
Source : BBC [Read Article] Friday 31st of March 2017 02:19:00 PM
....George Osborne, who was chancellor at the time, described the deal as a "victory", but Labour's John McDonnell said the sums were "trivial". The agreement came after years of criticism of Google and other multinational firms over their tax arrangements in the UK and across Europe. ...
What businesses want from the talks image
Source : BBC [Read Article] Tuesday 28th of March 2017 11:01:52 PM
BrewDog threatened lawsuit against plan for bar with 'punk' in name image
Source : Guardian [Read Article] Tuesday 28th of March 2017 03:38:11 PM
....The dispute emerged just a day after BrewDog blamed “trigger-happy” lawyers for sending legal threats to a brother-and-sister duo who wanted to open a pub called the Lone Wolf. BrewDog forced the pub pair to change the venue’s name – to the Wolf – but founder and chief executive James Watt has since backed down after a social media backlash that saw the company labelled “just another multinational corporate machine”. ...
BrewDog backs down over Lone Wolf pub trademark dispute image
Source : Guardian [Read Article] Monday 27th of March 2017 12:04:26 PM
....The brother-and-sister team behind the Wolf pub in Birmingham were forced to drop their original plan to name the establishment the Lone Wolf, after receiving a legal warning from BrewDog, which has launched a spirit bearing the same name. But BrewDog founder James Watt announced a change of heart on Monday after the Guardian’s report sparked a backlash that saw the firm, a vocal critic of large, faceless brewing firms, accused of acting like “just another multinational corporate machine”. ...
BrewDog accused of hypocrisy after forcing pub to change name image
Source : Guardian [Read Article] Sunday 26th of March 2017 04:42:58 PM
. BrewDog, the craft beer company that prides itself on a “punk” ethos, has been accused of acting like “just another multinational corporate machine” after forcing a family-run pub to change its name or face legal action. ...
Brexit could damage UK's fight against corruption, says OECD image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:07:05 AM
. Brexit could damage the UK’s efforts to tackle corruption and give multinationals leverage over the British government in bribery cases, the Organisation for Economic Co-operation and Development has warned. ...
Two major US technology firms 'tricked out of $100m' image
Source : BBC [Read Article] Wednesday 22nd of March 2017 01:39:49 PM
....Posing as an Asian-based manufacturer, Evaldas Rimasauskas tricked staff into transferring money into bank accounts under his control, US officials said. The companies were not named but were described as US-based multinationals, with one operating in social media. ...
Why denying refugees the right to work is a catastrophic error | Paul Collier and Alexander Betts image
.... Syrians, for example, are often skilled and well educated, and share a language with Jordanians. Crucially, international recognition of a regional refugee crisis creates a potential opportunity for the government of Jordan to appeal for the relocation of a number of multinational corporations to Jordan, for reasons that partly connect to corporate social responsibility and partly to core business interests. ...
Pound's jump unsettles London shares image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:06:16 AM
....The London market has risen for the past four trading sessions in a row, notching up three record closes along the way. However, sterling's rise to its highest level since 23 February has raised worries about how it may hurt profits when London-listed multinationals repatriate profits back to the UK. ...
George Osborne is laughing at us as he takes his Evening Standard job | Aditya Chakrabortty image
.... It was an administration of bunglers, chancers and the shameless; it has done huge damage to the relationship between the political elite and the public. And at its centre was Osborne, the tactician-in-chief, the man who cut taxes on multinationals even while he lifted benefits off disabled people. ...
Student digs in Britain giving first-class returns image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:40:59 PM
....One specialist developer of student accommodation laid on a golf day at a course just outside the resort town in the south of France to entertain wealthy prospective backers. While more traditional property assets have been hit by tax rises, more regulation and uncertainty surrounding Brexit, big investors including multinational investment banks and overseas pension funds have identified student housing as a goldmine that can generate big and predictable profits. ...
'Lots of nurses have already left': EU workers head for exit image
Source : Guardian [Read Article] Tuesday 14th of March 2017 12:26:28 PM
....The team spirit in the NHS was and is stimulating. However, it is mainly created by the multinational teams that have in common a love and dedication to their specialty and medicine in general. ...
We will all need a stiff drink to swallow Hammond’s austerity image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
.... The Treasury was developing an industrial strategy under the premiership of James Callaghan and chancellor Denis Healey in 1976-79, but this was abandoned by the Thatcher governments from 1979 and contemptuously dismissed as a failed policy of trying to “pick winners”. We now find that multinationals such as the French PSA Group taking over General Motors’ subsidiaries in Europe want assurances from HMG that, with Britain out of the single market, they can rely on a supply chain within the UK, supported by an accommodating industrial policy and decent infrastructure. ...
Government abdicating responsibility for social care, say providers image
Source : Guardian [Read Article] Tuesday 7th of March 2017 07:00:36 AM
....24 per hour. Care England’s members include independent care providers ranging from single care homes, voluntary organisations providing homecare, and multinational companies such as Bupa. ...
The oil deal, the disgraced former minister, and $800m paid via a UK bank image
....”. Asked about its intelligence-gathering operations, Shell said: “Like most multinational organisations, Shell takes the duty to protect its people, assets and commercially sensitive information seriously and hires those with the most relevant experience to join its corporate security team, including on occasion former government personnel. ...
Sick DPD couriers face £150 charge if unable to find cover image
Source : Guardian [Read Article] Friday 3rd of March 2017 07:39:12 PM
....Couriers who deliver parcels for Marks & Spencer, River Island and John Lewis face being charged £150 a day if they cannot find cover when they are ill. Drivers for the multinational company DPD, which also makes home deliveries for Amazon and Asos, told the Guardian the contractual threat meant they sometimes forced themselves to work when sick. ...
Dyson shrugs off Brexit fears with massive UK expansion plan image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:19:58 PM
....Dyson was one of the most prominent business leaders to publicly support Brexit before the referendum in June. His company has developed from a business specialising in bagless vacuum cleaners into a fast-growing multinational technology company selling bladeless fans, air purifiers, hand-dryers, hairdryers and robotic vacuum cleaners. ...
Will business rates hike be final chapter for high street bookshops? image
Source : Guardian [Read Article] Saturday 25th of February 2017 07:00:05 AM
....In a letter to David Gauke, chief secretary to the Treasury, the Booksellers Association said many bookshops will be crippled by rate increases and described the tax as “archaic”. It also criticises the lack of tax paid by multinational online retailers such as Amazon and called on the Treasury to give bookshops the special status of “community asset value” – reflecting the benefits they bring to the local area – which would allow them to qualify for a 20% discount on their business rates. ...
'The pips are squeaking!' image
Source : BBC [Read Article] Friday 24th of February 2017 09:44:16 PM
....Having a geographical spread has protected them, as commercial property prices vary across the country. "It must be fair that a small retailer in a market town pays less than a multinational on Bond Street," says Mr Shenton. ...
Ministers expected to soften impact of business rate changes image
Source : Guardian [Read Article] Tuesday 21st of February 2017 09:03:22 PM
....“But lots of small businesses are perfectly viable; they just can’t find half their rent again in business rates before all the other expenses. The business rates system probably worked fine in the late 20th century but it is out of date if multinationals like Amazon see their rates bill fall while small independent retailers see theirs rise. ...

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