Britain agrees Brexit divorce deal with EU, May’s opponents vow to thwart it

While Brussels choreographs the first withdrawal of a sovereign state from the EU, May, a far from secure leader hemmed in by opponents in government and her own Conservative party, must now try to get the deal approved by her cabinet and, in the toughest test of all, by parliament.Brexiteers in May’s party accused her of surrendering to the EU and said they would vote the deal down while the…

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Burberry liberalises maternity leave policy as inclusivity drive continues

The new policy starts from next April and builds on the company’s existing maternity, paternity, adoption and partner leave commitments to create “a consistent approach for all employees globally who have worked at the company for at least 12 months”.While it may not have a huge impact in some countries where parental leave policy is already fairly generous, in other countries it will hav…

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Cortefiel to get new €600m loan facility

Credit Suisse , Societe Generale , BNP Paribas and Credit Agricole CIB have underwritten the loan which will replace Cortefiel’s €895m existing debt.The change of ownership and new loan will help Cortefiel to reduce its debt and remove the pressure of loans that were due to mature in 2018.

The company’s existing loans will be repaid at par in September after the deal between CVC, PAI …

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China’s industrial output growth slows in April, retail sales miss forecasts

Industrial production grew 9.8% in April from a year ago, slower than the 14.1% surge in March, National Bureau of Statistics data showed on Monday, but matching a consensus forecast by analysts from a Reuters poll.China’s economy showed steady improvement in April but new problems are emerging, the NBS said in a statement alongside the data.คำพูดจาก Read more

Former Amazon.com analyst pleads guilty to insider trading

Authorities said Brett Kennedy gave fellow University of Washington alumnus Maziar Rezakhani nonpublic information from Amazon’s database, showing that the retailer would lose less money and report higher revenue for the first quarter of 2015 than Wall Street expected, in exchange for $10,000 (7,652.28 pounds) cash.In a related civil case, the U.S. Securities and Exchange Commission said Reza…

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Italy’s fashion industry says tackling low pay problem

“The problem of irregular employment exists in the world and luxury businesses are the most active in the fight against the phenomenon,” said Carlo Capasa, head of the Italian chamber of fashion commerce.”Taking a few units that go underneath the radar seems a little pretentious,” he told AFP at Milan Fashion Week after the NYT front-page investigation headlined “Inside Italy’s Shadow Economy”.…

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Puig secures first sustainable loan of 200 million euros from Banco Sabadell

According to a release published by the company on Monday, these indicators were defined in accordance with the GHG Protocol, while the measurement methodology employed complies with the criteria of the Science Based Targets initiative (SBTi).Puig CEO Marc Puig explained that, in 2020, in the midst of the pandemic, the company completed its first sustainability programme, launched in 2014, and …

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New Yorkers overwhelmingly support Amazon campus in Queens, according to poll

Fifty-seven percent of New York City residents who responded to the poll approved of Amazon building one of two secondary headquarters in the Long Island City area of Queens, more than double the 26 percent who said they oppose the move, according to a Quinnipiac University poll.Respondents were divided on the $2.8 billion in tax breaks and incentives offered to attract Amazon, with 46 p…

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More than third of small UK companies fear no-deal Brexit hit – FSB

The Federation of Small Businesses (FSB) said 39% of small companies thought a no-deal Brexit would have a negative impact, compared with 34% who thought it would have no impact and 11% a positive impact. The remainder said they did not know.Most of those firms who thought a no-deal Brexit would harm their business said they were unable to plan for this scenario.

After more than three yea…

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