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Budget 2018: Tax managers want Arun Jaitley to align cycle to calendar year

A Deloitte survey of pre-Budget expectations of managers on personal income tax shows that most give a thumbs-up to aligning the tax year with the calendar year. Jurisdiction-free e-assessment of tax returns, a gradual reduction in personal tax rates in line with changes to the corporation tax structure and enhanced tax breaks for education of kids are among other key Budget 2018 demands from Finance Minister Arun Jaitley. Indian managers are keen to align the tax year (April-March) with the…

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Lord O’Neill, former head of Goldman Sachs Asset Management, told the BBC that the UK economy has shown terrific resilience in the face of Brexit

The man who first coined the term BRICs – the economics sage Jim O’Neill – has just passed a surprisingly upbeat judgment on the economic impact of Brexit. Lord O’Neill, the former head of Goldman Sachs Asset Management, was a leading voice in the 2016 Remain campaign. The man who first identified Brazil, Russia, India and China as the 21st century’s rising global powers is a highly regarded economist, and when he speaks, the markets listen. So for him to…

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Madness announce huge concert in Northumberland – here’s how to get tickets

Music fans will get the chance to go One Step Beyond this summer as Madness announce an exclusive four-date tour of UK stately homes including a trip to Alnwick Castle. The British pop icons, who have been thrilling audiences for more than four decades, will headline four open air gigs and will bring their House of Fun to Alnwick Castle in Northumberland on July 14. Tickets for the tour go on general sale at 9am on Friday, January 26, from…

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Oregonians to vote on Medicaid taxes as costs soar

Oregon aggressively expanded its Medicaid rolls under the Affordable Care Act, adding enough people to leave only 5% of its population uninsured—one of America’s lowest rates. Now, with the reduction of a federal match that covered those enrollees, the state is calling on voters to decide how to pay for its ballooning Medicaid costs. A special election on Tuesday asks Oregonians whether they approve of a tax on hospitals, health insurers and managed-care companies that would leave Medicaid, as it…

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Uber says security bug that let hackers bypass two-factor authentication wasn’t ‘particularly severe’

Uber initially dismissed the flaw as “expected behaviour” Carl Court/Getty Images A security researcher uncovered a bug in Uber’s two-factor authentication system that could have potentially allowed hackers to bypass it and hack into users’ accounts. However, the ride-hailing company initially said the issue was “not particularly severe”. Earlier this month, New Delhi-based analyst Karan Saini filed a bug report with HackerOne, which manages Uber’s bug bounty programme. However, Saini told ZDNet that his report was rejected. Uber uses two-factor…

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Bathabile Dlamini caught in a contradiction at Sassa inquiry

Social Development Minister Bathabile Dlamini has contradicted herself during an inquiry into why she should not be held personally liable for the Sassa fiasco. On the first day of the inquiry, Dlamini said no one had ever raised concerns about the controversial work streams. But on Tuesday she admitted to receiving a letter from Thokozani Magwaza, who was CEO of the South African Social Security Agency (Sassa) at the time, in which he raised issues. Advocate Geoff Budlender asked Dlamini…

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P&G Trying to Stop ‘Dangerous’ Tide Pods Challenge, CEO Says

Jan. 22, 2018 7:45 p.m. ET Procter & Gamble Co. PG 0.90% Chief Executive David Taylor on Monday outlined steps the company is taking to keep teens from eating Tide laundry pods for sport, a behavior he called a “dangerous trend” fueled by social media. In a blog published by the company, Mr. Taylor said the company has put out public-service announcements and is asking industry and advocacy groups to discourage the game while working with social media companies to…

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UK regulator says Fox buying Sky not in public interest, suggests remedies

LONDON (Reuters) – Britain’s competition regulator told Rupert Murdoch his $15 billion takeover of Sky was not in the public interest and would be blocked unless there was a way to prevent the tycoon from influencing the network’s news output. The initial ruling complicates a plan by Walt Disney Co to buy the majority of Murdoch’s assets, including Sky. Disney had hoped that Murdoch would have taken full control of the European broadcaster by the time the U.S. group completed…

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What I’ve Learned from Talking About My Bipolar Disorder at Work

thomas vogel/Getty Images Many years ago, I had to take some time off work for depression. I had a sick note from the doctor, and had disclosed that it was mental health–related. After two weeks, when I was just starting to feel like I could cope again, my colleagues invited me out for the evening. I wanted to remain welded to my sofa, but I decided to go as a way of easing myself back into my routine. I returned…

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National Express signs up as sponsor of the Jockey Club

Image copyright Getty Images Coach operator National Express has signed up as a sponsor of the horse racing operator the Jockey Club. As well as running 15 racecourses the Jockey Club stages the high-profile Cheltenham Festival and Grand National meetings each year. The firm will provide coach services direct to all major events in The Jockey Club’s race calendar. The size of the deal has not been revealed but it is understood to be a six figure sum. Paul Fisher,…

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UK regulators thwart Murdoch takeover of Sky

Matthew Garrahan in London January 23, 2018 The UK regulator scrutinising Rupert Murdoch’s £11.7bn bid to take full control of Sky has delivered a rebuke to the 86-year-old billionaire, saying the deal would concentrate too much power in the media mogul’s hands, thwarting his second and final attempt to buy the pan-European broadcaster. The Competition and Markets Authority said the deal for the satellite broadcaster would give the Murdoch family “too much control over news providers across all media platforms,…

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National Grid criticises Ofgem over Hinkley Point C proposals | UK news

Company says regulator’s plans are ‘disappointing’ and its claim of £100m savings is too high A computer-generated image of Hinkely Point C nuclear power plant in Somerset. Photograph: HO/AFP/Getty Images National Grid has hit out at Ofgem’s proposals over an £800m project to connect the Hinkley Point C power station to the electricity network, saying they put investment in the UK energy sector at risk. The Hinkley Seabank plan is an essential overhaul of the power network to send electricity…

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Global fund managers sound alarm on dual-class shares

Emma Dunkley January 23, 2018 Tension is brewing among asset managers, bankers and exchanges as dual-class shares bear down on Hong Kong and Singapore. At issue is the high volume of fast-growing companies that want to list with the controversial structure, stripping voting rights from shares and alarming fund managers. “It looks as though everyone is rushing to do them [dual-class shares] whether it’s Alibaba, whoever, all the IT start-ups want to do it,” says Hugh Young, head of Asia…

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Global financial system facing ‘perfect storm’

The global financial system is now carrying more risk that it was at the time of the financial crisis, a senior central banker has warned. A decade of low interest rates and other emergency stimulus has lured emerging markets into debt dependency, without addressing the structural causes of the global disorder, according to William White, the Swiss-based head of the OECD’s review board and ex-chief economist for the Bank for International Settlements. What is more, the policies adopted by central…

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I-Minerals Extracts Large Bulk Sample; Targets Production of 12 tons of Halloysite, The Canadian Business Journal

VANCOUVER, BC–(Marketwired – January 23, 2018) – I-Minerals lnc. (TSX VENTURE: IMA) (OTCQB: IMAHF) (FRANKFURT: 61M) (the “Company”) announces it has extracted a 210-ton bulk sample of primary clay from its Bovill Kaolin property. The Company is working with Ginn Mineral Technologies (“GMT”) to schedule a pilot plant to batch process the large sample. The objectives of the pilot plant are two-fold: to test the use of hydro-cyclones for the initial clay sand separation on the pilot level (see the…

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U.S. Imposes New Tariffs, Ramping Up ‘America First’ Trade Policy

WASHINGTON—President Donald Trump slapped steep tariffs on imports of solar panels and washing machines, kicking off his second year in office by showing he is ready to start implementing his long-promised “America First” trade policy. The moves were announced Monday in response to U.S. industry pleas for relief from a recent flood of cheap imports and are the first of what administration officials said would be a series of trade-enforcement actions in the coming months. The tariffs are aimed mainly…

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