Health the biggest risk to UK finances
The UKs fiscal watchdog has said health costs are the biggest risk to the governments spending plans.
The Office for Budget Responsibilitys (OBR) says the UK faces the challenge of an ageing population and the high cost of technological advances.
It also says: "Lifting current limits on public sector pay increases would pose a fiscal challenge."
But on Brexit, the OBR says a large "divorce bill&
2017.07.14
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Travel tax plan wins £250,000 Wolfson Economics Prize
2017-07-14
A 27-year-old transport planner has won the £250,000 Wolfson Economics Prize for a plan to improve Britains roads.
Gergely Raccuja proposed a distance-based charge to replace fuel duty and vehicle excise duty, with the money raised being use
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Trump, House GOP jostle on ways to cut personal tax rates
2017-04-26
Capitol Hill awaits the promised release of President Trump’s tax plan this week, and lawmakers are hoping for clarity amid a debate roiled with myriad options — and no clear sense that any of the plans are gaining much traction.
Treas
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Increasing number of Americans are willing to drive farther, pay more for ethanol-free fuel
2017-04-26
Ethanol’s rise over the past decade has given birth to an under-the-radar market: Americans who are willing to travel miles out of their way and pay significantly more per gallon for ethanol-free fuel.
Like locally sourced food or antibiotic
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Sanders: Airlines are "dysfunctional"; Cong"ress must "take a hard look" at reform
2017-04-17
Calling U.S. airlines “dysfunctional,” Sen. Bernard Sanders said Sunday that Congress should examine the industry and consider requiring companies to be more respectful and responsive to their customers.
The Vermont independent and for
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Trump says Tax Day protesters were paid
2017-04-17
President Trump on Sunday suggested that the thousands of Tax Day protesters in cities across the country over the weekend were paid, and he called for “someone” to investigate who funded the effort.
The president tweeted about the ral
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Students fear new Chick-fil-A will create unsafe space on campus
2017-04-11
Students at Duquesne University are petitioning their school to reconsider a plan to bring Chick-fil-A to campus, arguing the fast-food restaurant’s support for traditional marriage would create an unsafe environment for gay students.
Niko M
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Kellyanne Conway: Tax reform will not be "rushed"
2017-04-11
White House counselor Kellyanne Conway on Tuesday said she thinks tax reform can happen sometime this year but that the process also isn’t going to be rushed.
“Remember, we don’t rush things here based on artificial timelines,&rd
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Coal miners vow 30 days of pressure on Congress to act on health care, pension guarantees
2017-04-03
With lives literally hanging in the balance, Congress is headed toward another last-minute showdown over health care and pensions for retired coal miners — some of whom have vowed to remain on Capitol Hill for 30 days to pressure lawmakers to a
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Bed Bath & Beyond clears up "confusion" over Ivanka Trump products
2017-04-03
Bed Bath & Beyond clarified that it’s still carrying Ivanka Trump merchandise in some stores after a representative’s claim that the company dropped the line was celebrated by anti-Trump boycotters.
Shannon Coulter, co-founder of t
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Sony Corp. casting wide net for Michael Lynton’s replacement
2017-03-27
Sounds like Sony Corp. Chief Executive Kazuo Hirai is casting a wide net in talks to replace Sony Entertainment boss Michael Lynton.
Warner Bros. Entertainment CEO Kevin Tsujihara has interviewed for the position, according to two people familiar
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Upstart clothing brand linked to celebs expands to regular guys
2017-03-27
Tom Cridland, chief executive of an upstart UK-based clothing brand that has managed to get its pricey duds into the hands of celebs like Leonardo DiCaprio, Ben Stiller and Daniel Craig, is now targeting ordinary shoppers.
The 26-year-old entrepre
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Trump budget goes big on border wall, short on agents
2017-03-21
Candidate Trump made bold promises about hiring enough agents to secure the border and deport illegal immigrants from the interior of the country. President Trump’s first budget gets off to a slow start.
By the end of 2018, Mr. Trump’s
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Ivanka Trump brand hit with class action lawsuit alleging "unfair competition"
2017-03-21
A San Francisco fashion retailer has filed a class action lawsuit against Ivanka Trump’s clothing line for unfair competition because of the first daughter’s ties to the White House.
Though Mrs. Trump does not have any official role in
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Neiman Marcus: Exploring options for company including sale
2017-03-15
NEW YORK (AP) — Luxury retailer Neiman Marcus says it’s exploring strategic alternatives including a sale of the company.
The announcement came as the retailer, which also operates Bergdorf Goodman, reported a loss in its second fiscal
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Obama’s final year: U.S. spent $36 million in records lawsuits
2017-03-15
WASHINGTON (AP) — The Obama administration in its final year in office spent a record $36.2 million on legal costs defending its refusal to turn over federal records under the Freedom of Information Act, according to an Associated Press analysi
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Drug firms plotted to make NHS pay more, says watchdog
2017-03-04
Two drug companies have been accused of striking an illegal agreement to ensure that the price of a life-saving medicine remained high, costing the NHS tens of millions of pounds a year.
The competition watchdog said yesterday that it had provisio
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Janet Yellen signals the Fed will likely raise rates this month
2017-03-04
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen is signaling that the Fed will likely resume raising interest rates later this month to reflect a strengthening job market and inflation edging toward the central bank’s 2 percent targe
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Air Canada says higher fuel costs will hit margins
2017-02-18
Air Canada is warning of lower margins in its current quarter as the airline deals with headwinds from higher fuel costs.
The airline said Friday that is expects its margins from its earnings before interest, taxes, depreciation, amortization and
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Kinder Morgan reported in talks on $6.8B Trans Mountain pipeline financing
2017-02-18
Kinder Morgan Inc. has begun talks with institutional investors including major Canadian pension funds and private equity firms to raise capital for the $6.8 billion expansion of its Trans Mountain pipeline project, according to people familiar with
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Brexiteers in warning to German business
2017-01-21
The German economy will pay a "high price" if its leaders make life hard for the UK over Brexit, British pro-Leave campaigners are to warn.
John Longworth, co-chair of Leave means Leave, and ex-minister Owen Paterson will sound the w
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Tribalism In Business: Why We As Leaders Must, And How We Can, Push It Back
2017-01-21
The tumultuous 2016 election, which finally ended with President Trump’s inauguration today, brought home how much American society, and indeed Western society, have become “tribalized”. I rarely heard the word “tribalis
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Greek finance minister hits back at IMF as bailout row deepens - business live
2016-12-13
Wall Street opens higher
Ahead of the US rate decision on Wednesday - with the first hike in a year widely expected - Wall Street is on the front foot again.
The Dow Jones Industrial Average has hit a new intra-day high of 19,
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Post Office says it will mostly be business as usual despite strike
2016-12-13
The Post Office has said next week’s strike will have minimal impact on Christmas mail, a claim disputed by the postal workers’ unions.
The government-backed post office operator said less than 3% of its outlets would be af
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Referendum adds to Italian banks" woes
2016-12-03
The focus of the news from Italy this weekend will be political - theres a referendum on constitutional reform.
The Prime Minister, Matteo Renzi, has said he will resign if the proposals are rejected.
This could be followed by new elections w
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Donald Trump vows "consequences" for companies leaving US
2016-12-03
President-elect Donald Trump has warned companies of "consequences" if they leave the United States.
He was speaking in Indiana, where he took credit for saving 1,000 jobs at the air-conditioning company Carrier Corp, which planned t
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Trump touts new hotel in Washington as example of business success
2016-10-26
With two weeks to go until the U.S. election, Republican presidential candidate Donald Trump touted his newest hotel venture on Wednesday, citing it as an example of his business success and ability to "get things done" for the American peo
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This Country Has Been Named the World"s Easiest Place to Do Business
2016-10-26
The World Bank tracks regulatory changes for businesses in 190 countries.
New Zealand has edged out Singapore to take top spot for ease of doing business in the World Bank’s latest rankings, but money laundering experts warned the honor mask
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13 Simple Ways to Market Your Business Offline
2016-10-26
Q: I run a small business and need some marketing ideas that I can use offline to get people to visit my store.
A: I review dozens of business plans each year. In the marketing section, nearly all of these plans say “We are going to ma
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Mercedes-Benz reveals luxury pickup truck
2016-10-26
Mercedes-Benz is jumping into the luxury pickup game, where profits are plentiful.
The luxury automotive brand, a division of German automaker Daimler, revealed a premium pickup truck dubbed the X-Class.
The company on Tuesday showed off a conc
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Judge approves $15B Volkswagen settlement
2016-10-26
A federal judge on Tuesday approved one of the largest consumer settlements in U.S. history, a nearly $15 billion U.S. deal concerning Volkswagen Groups diesel car emissions scandal.
The settlement sets in motion a massive vehicle buyback program
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Weak eurozone inflation raises prospect of ECB action - as it happened
2016-09-01
A slide in the oil price following a bigger than expected rise in US crude inventories helped put European markets under pressure, although banking shares were boosted by a number of positive signs from the UK economy and talk of possible merge
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German Businesses Blame U.S. for Iran Trade Disappointment
2016-09-01
FRANKFURT—German companies hoped the opening of Iran’s economy following the lifting of international sanctions in January would let them rekindle longstanding commercial ties and quickly strike gold.
Despite a jump in exports, the
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Hillary Clinton wants to be America"s small business president
2016-09-01
Both Donald Trump and Hillary Clinton have been doing their best to appeal to business owners on the campaign trail. Presidential candidate Hillary Clinton recently rolled out what she calls a job-creating package of reforms to jumpstart s
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Why It"s Vital to Pay Yourself First in Business
2016-09-01
As a business owner, I am sure you have heard of the concept of paying yourself. Unfortunately, based on my experience of working with hundreds of business owners, it’s a concept that many just don’t practice. I believe th
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World"s biggest economies in 2030
2015-04-13
In 15 years time, the US won’t be the world’s largest economy, China’s economy will have doubled, EU countries like France and Italy will be stagnant, and emerging markets will explode, according to new projections from the US
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Greece to be effective partner with Russia"s Gazprom - Forbes
2015-04-13
The Turkish Stream gas pipeline project makes Greece an important and useful partner for Russia’s Gazprom, despite the country‘s financial problems, Forbes magazine has said.
Greek Prime Minister Alexis Tsipras and Energy Minister
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Did you just miss your chance to get ruble-rich? Quite possibly
2015-04-13
Rogue investors who ignored the negative hype about Russia, are smiling from ear to ear after the ruble gained about 6 percent this week.
The ruble surged 6 percent this past week, opening Monday at 56.55 and closing at 53.5 on the Moscow Exch
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Loblaws expansion, renovations could squeeze "premium" Whole Foods market share
2015-03-12
Loblaws is sprucing up, Target is bowing out, Sobeys is eyeing Ontario, and the era of the "conventional" grocer is coming back shinier than ever, according to retail analysts.
After what CIBC World Markets researcher Perry Caicco de
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High consumer debt reflects "laissez-faire" attitude to borrowing
2015-03-12
Canadians spend too much money they dont have.
Sound familiar?
It should. Economists have been sounding the alarm about consumer debt for the last few years. It was also a recurring mantra of our late finance minister, Jim Flaherty.
Yet desp
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Fort McMurray goes about its business despite oil price drop
2015-03-12
The sudden drop in oil prices is bringing unsettled times to Alberta, the big-spending Canadian province that depends for its prosperity on extracting natural resources.
Albertas government is trying to find a way to make up for a $7-billion r
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Aboriginal workers, firms hit by Alberta oil slowdown
2015-03-12
Métis elder Yvonne McCallum has never really welcomed Big Oil into her community, but she accepts how important the energy industry has become to her people.
McCallum is the youngest elder in the community of Conklin, Alt
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Fort McMurray greenhouse to turn garbage into veggies
2015-03-12
The name Fort McMurray often conjures up grim images of oilsands mines, upgraders and tailing ponds.
Now, the local government is trying to turn over a new leaf – or at least grow some new leaves.
The community plans
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Apple Watch? Event on March 9 comes a month before launch
2015-02-27
Apple Inc sent out invitations for a media event in San Francisco on March 9, about one month before the much-anticipated launch of the new Apple Watch.
Apple Watch looks cool, but its a risky bet on fashion: Peter Nowak
The worl
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Halliburton oil services company closing Regina office
2015-02-27
Amid low crude prices, international oil services company Halliburton is closing its Regina office.
The company says the employees working out of the facility at 100 McDonald St. will be laid off by the end of March.
"Halliburton wi
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U.S. downgrades estimate of Q4 GDP growth to 2.2%
2015-02-27
The U.S. Commerce department has revised downwards its estimate of GDP growth in the 4th quarter of 2014, from 2.6 per cent to 2.2 per cent.
A worsening of the U.S. trade deficit and slower business inventory growth than expected both he
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Oil halted downward slide in February, but worst may not be over
2015-02-27
Toronto stocks rose and the Canadian dollar moved higher after oil showed signs of closing out February at a higher price than it achieved a month ago.
West Texas Intermediate, the most common North American contract, was up 75 cents at $49.94
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As Hedge Fund Returns Falter, Money Continues to Flow In
2015-02-27
Another year, and another mediocre performance by hedge funds, to put it kindly. The Barclay Hedge Fund Index gained a meager 2.89 percent in 2014, while the Standard & Poor’s 500-stock index gained over 13 percent and the B
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