Business News & Articles

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These digital nomads have ditched the 9-to-5 life

“There’s a vision that if you’re a successful freelancer, you’ll be sitting on a glorious beach somewhere, drinking margaritas, making millions of dollars,” Maplesden said. “But you can’t escape work.” It took him a few years to start making six figures. Many of his first efforts, such as selling poetry online, failed. “You need to be terrifyingly objective. There’s a tremendous amount of competition out there. Pick one thing and be really, really good at it,” he said. He said…

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Oxley Holdings raises over S$12m from sale of treasury shares, Companies & Markets

Wed, Oct 18, 2017 – 4:09 PM HOME-GROWN property developer Oxley Holdings (Oxley) said Wednesday morning that it has raised about S$12.95 million from the sale of over 22 million treasury shares. The sale of the treasury shares through Maybank Kim Eng Securities drew about 34 investors, including Asdew Acquisitions, Island Asset Management, ICH Capital and various corporate and individual investors, Oxley said. The shares were priced at S$0.59 each, representing an 8.3 per cent discount to the volume weighted…

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Seven killed in road accident in Mansa

Seven persons were killed and an equal number injured when an SUV collided with a truck near Bhikhi town here, police said today. The accident occurred at around 1:30 pm, they said. The occupants of the sport utility vehicle (SUV) were going to pay obeisance at a religious place in Rajasthan. All the 14 occupants of the vehicle belonged to Naya Gaon, near Chandigarh, police said. The deceased included two women and a child, they said. …

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BrewDog seeks £50m investment for fresh expansion drive

BrewDog plans to raise up to £50m to underpin a fresh expansion drive that will include the launch of a craft beer TV network. The Scottish brewer wants the financial firepower to roll out 15 new UK bars and bolster its brewing facilities, including an expansion of its UK operation and the creation of new breweries in Australia and Asia. The crowdfunding push, which will have a £10m target but could be extended to £50m, will price shares at £23.75 each and will…

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Congestion ‘costing city more than £1m a day’

Congestion is costing businesses in the Greater Birmingham area more than £1 million a day, according to a major new survey. New research suggests traffic problems are costing the region an estimated £407 million a year with 65 per cent of those questioned citing congestion as a major problem. The report has been published by the Greater Birmingham Chambers of Commerce. Nearly half of those surveyed (47 per cent) said the volume of commuter traffic was the main cause of…

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Anthem launches new PBM after fallout with Express Scripts

National insurer Anthem is launching its own pharmacy benefit management company in the wake of its fallout with its long-time PBM Express Scripts, the insurer announced early Wednesday. Anthem is partnering with CVS Health to establish the new PBM, which will be called IngenioRx. Starting in 2020, when Anthem’s Express Scripts contract ends, Ingenio Rx will start serving customers of Anthem-affiliated health plans and non-Anthem customers. Under a 5-year agreement, CVS Health will provide prescription fulfillment and claims processing services…

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Henry Onyekuru’s representative rules out possible January return to Everton

Which Premier League side has the most pro-Brexit supporters? Newsweek Everton starlet Henry Onyekuru cannot return to his parent club in January because there is no “break clause” in his loan deal with Anderlecht, according to an intermediary of the Nigerian forward. Ronald Koeman’s side beat off competition from the likes of Arsenal and West Ham United to sign Onyekuru from KAS Eupen for around £6.8m (€7.6m) in the summer transfer window before immediately farming him out on loan to…

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Rise in retail sales points to pick-up in third-quarter economic growth

The retail sector did better than expected in August, signalling stronger economic growth in the third quarter. Retail trade sales rose by a significant 5.5% year on year in August 2017. The sector is a key indicator of consumer spending, a strong driver of growth in the economy. The highest annual growth rates were recorded for retailers in household furniture, appliances and equipment (90%); followed by all “other” retailers (25.3%); and retailers in food, beverages and tobacco in specialised stores…

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DuPont Pioneer and Danforth Center Collaborate to Apply Cutting-edge Technologies to Improve Crops for Smallholder Farmers

DuPont Pioneer and Danforth Center Collaborate to Apply Cutting-edge Technologies to Improve Crops for Smallholder Farmers  Newswise — JOHNSTON, Iowa, and ST. LOUIS, Missouri, Oct. 17, 2017 – DuPont Pioneer and the Donald Danforth Plant Science Center (Danforth Center) have entered into a multiyear public/private partnership, including licensing and research collaboration agreements. The goal is to jointly develop improved food security crops. Under the terms of the agreement, Pioneer will provide the Danforth Center access to its intellectual property (IP),…

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Danone board to meet Wednesday over management issues: source

PARIS (Reuters) – Danone’s (DANO.PA) board will meet on Wednesday to discuss senior management issues, a source close to the matter said, amid media reports that the French multinational’s chairman will stand down. The source declined to give further details about the meeting, which is expected to start in the early afternoon. French newspaper Le Monde reported on Tuesday that Franck Riboud, 61, would stand down and hand over to chief executive Emmanuel Faber, 53, who will become both chairman…

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A Modi govt move that could hurt imports from China badly

India is tightening quality controls for consumer and capital goods, officials say, a move that follows calls to curb cheap imports from China amid diplomatic tensions between the world’s two most populous nations over their shared border. The new rules target toys, electronic goods, machinery, food processing, construction and chemicals, sectors dominated by China, and come amid greater scrutiny of mainland firms looking to enter India’s multi-billion dollar power transmission and telecoms business. For…

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China’s Xi to World: Party First, Reform Second

Politicians are widely distrusted by citizens in most societies, but surprisingly often they say what they actually mean. On Wednesday, Chinese President Xi Jinping opened the nation’s twice-a-decade congress—where the leadership for the coming five years will be selected—with a robust and lengthy defense of the Communist Party’s role as captain of the economy, and a series of rote gestures toward further market-based economic reforms. Investors should take him at his word. … Source link

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UK wage squeeze continues, as jobless rate remains at 42-year low – business live | Business

The 3 month average measure of total pay growth indicates that earnings have risen by 2.2% over the last year. This represents no change on the previous month. There has been some acceleration in pay in the financial and business services (where pay growth is now 2.7%, or, on the less reliable single-month measure, 3.1%). But in many industries – including the public sector, manufacturing, construction and distribution – pay growth is still below 2%. This does not suggest that…

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Iraqi forces advance to retake Kurdish-held territory around Mosul

Iraqi forces have retaken Kurdish-controlled areas near Mosul, including the region’s dam, as they pushed ahead with an advance to reclaim disputed territories in northern Iraq. Kurdish peshmerga troops withdrew without a fight from the areas, including Mosul Dam, as the Iraqi soldiers moved in, the military said in a statement on Wednesday. But the latest moves by Baghdad will fuel concerns that the advance risks escalating the crisis as western governments seek to rein in deeper incursions into Kurdish…

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