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Amazon Studios chief resigns after harassment reports

Amazon Studios chief resigns after harassment reports

Amazon Studios (AMZN.O) chief Roy Price has resigned, a company spokeswoman said on Tuesday, following reports that he harassed a producer and ignored an actress’s allegation of sexual assault by producer Harvey Weinstein. Price took a leave of absence last week and Albert Cheng, the studio’s chief operating officer, remains interim head of the division, […]

October 17, 2017 | By | Reply More
George Soros foundations now control $18 billion – reports

George Soros foundations now control $18 billion – reports

NEW YORK: Investor George Soros has transferred about $18 billion (13.66 billion pounds), the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic grant-making group in the United States, according to media reports on Tuesday. The foundations already controlled billions of dollars, but Soros, 87, has in recent […]

October 17, 2017 | By | Reply More
Travel company TUI plans extra flight capacity after Monarch failure

Travel company TUI plans extra flight capacity after Monarch failure

October 18, 2017 Travel company TUI plans extra flight capacity after Monarch failure Reuters LONDON: Europe’s largest tour operator TUI (TUIT.L) is putting on extra flights to make up for capacity lost after this month’s collapse of Monarch, TUI’s UK and Ireland boss said on Wednesday. Shares of leading travel companies and airlines rose after […]

October 17, 2017 | By | Reply More
Japan Inc wants Abe election win, but smaller majority

Japan Inc wants Abe election win, but smaller majority

TOKYO: Japanese companies overwhelmingly want Prime Minister Shinzo Abe’s ruling coalition to stay in power in this Sunday’s national election but about two-thirds want it to lose seats, a Reuters poll found. The survey suggests corporations want political stability but don’t want to hand Abe a landslide victory for fear he might become complacent about […]

October 17, 2017 | By | Reply More
UK lawmakers say Amazon, eBay not doing enough to combat VAT fraud

UK lawmakers say Amazon, eBay not doing enough to combat VAT fraud

LONDON: A UK parliamentary report has criticised Amazon and eBay for not doing enough to prevent tax fraud on their online market places and recommended the government hold the online giants accountable for tax lost to evaders. In April the National Audit Office said Britain was losing up to 1 billion pounds a year in […]

October 17, 2017 | By | Reply More
Morgan Stanley smashes estimates on strength in wealth management

Morgan Stanley smashes estimates on strength in wealth management

NEW YORK: Morgan Stanley (MS.N) posted a much higher-than-expected quarterly profit on Tuesday as record revenue from its wealth management business helped offset the blow from a slump in trading activity. Revenue from the bank’s wealth business rose 8.7 percent to $4.22 billion (£3.2 billion) and generated pretax margin of 26.5 percent, above Chief Executive […]

October 17, 2017 | By | Reply More
Labuan IBFC to attract more investments from China

Labuan IBFC to attract more investments from China

KUALA LUMPUR: The Labuan International Business and Financial Centre (Labuan IBFC) hopes to attract more investments from China under the One Belt One Road (OBOR) initiative. As such, Labuan IBFC will be taking part in the OBOR roadshows to be held in Beijing, Shanghai and Tianjin from Oct 30 to Nov 5 to promote its […]

October 17, 2017 | By | Reply More
Grim store sales cast shadow ahead of India’s ‘festival of lights’

Grim store sales cast shadow ahead of India’s ‘festival of lights’

NEW DELHI: This close to India’s glittering festive season, the cash register at Neha Tandon’s clothes store should be working overtime as revellers snap up elegant sarees for Diwali celebrations and lavish wedding parties. But the traditional spending sprees have not transpired this festival season, the first since a sudden recall of India’s high-value banknotes […]

October 17, 2017 | By | Reply More
Volkswagen posts record sales

Volkswagen posts record sales

Even with the US automotive market beginning to contract and with the continued fallout from the marque’s role in falsifying data regarding its diesel-powered cars’ efficiency and emissions, the VW group on Monday announced that for the very first time in a single month its combined sales have surpassed one million vehicles. In total 1.01 […]

October 16, 2017 | By | Reply More
EasyJet, Lufthansa among seven to bid for Alitalia

EasyJet, Lufthansa among seven to bid for Alitalia

ROME: British budget airline easyJet and German carrier Lufthansa both said Monday they have submitted offers for parts of Italy’s ailing Alitalia. The stricken carrier said that it had received seven binding offers in all, without providing details. The easyJet and Lufthansa proposals will spark disappointment in Italy, which wants to sell Alitalia in one […]

October 16, 2017 | By | Reply More