Friday, April 26

Day: January 8, 2018

This businesswoman made $2 billion in just 4 days
8Jan By Sumon AdminNo Comments
Asia, Featured

This businesswoman made $2 billion in just 4 days

  A share surge at Country Garden Holdings Co., China’s largest developer by sales, has sent Vice Chairman Yang Huiyan’s wealth up by $2.1 billion -- and that’s just in the first four trading days of the year. Yang, controlling shareholder of Country Garden, saw her fortune soar to $25.6 billion as of Jan. 5 to rank as the fifth-richest person in the nation, according to the Bloomberg Billionaires Index. That’s before Country Garden’s shares rose another 6.9 percent on Monday in Hong Kong trading, taking its year-to-date-gain to more than 16 percent. The 36-year-old Yang is China’s richest woman and the nation’s youngest billionaire, according to the Bloomberg index. In 2005, her father transferred his controlling stake to her “due to his intention to train Yang Huiyan as the...
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Britain going to face huge VAT burden after Brexit
8Jan By Sumon AdminNo Comments
Featured, United Kingdom

Britain going to face huge VAT burden after Brexit

    The VAT changes spelled out in the taxation (cross-border trade) bill one of a string of Brexit laws passing through parliament are causing uproar among UK business groups, which say that they will create acute cashflow problems and huge additional bureaucracy. Labour and Tory MPs and peers said that the only way to avoid the VAT Brexit penalty would be to stay in the customs union or negotiate to remain in the EU-VAT area. Last night the Tory chair of the all-party Treasury select committee, Nicky Morgan, said the committee would launch an urgent investigation. She also said she would be writing to the head of HM Revenue and Customs to see what contingency plans were being made to avoid hitting UK firms. David Levene for the Guardian The Treasury select committee,...
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KPMG is no longer on the Grenfell Tower inquiry
8Jan By Sumon AdminNo Comments
Featured, United Kingdom

KPMG is no longer on the Grenfell Tower inquiry

    Accounting giant KPMG is no longer advising on the Grenfell Tower inquiry after campaigners said the government's decision to appoint the firm was a conflict of interest. The company said on Sunday night that it was stepping away from the investigation as we recognise that strength of opinion about our role risks undermining confidence in the inquiry. The move comes after an open letter signed by pop star Lily Allen as well as academics, writers, politicians and campaign groups urged prime minister Theresa May to drop the company from the probe. They argued that KPMG should not be involved in the process given it is an auditor to Celotex, which made the insulation in the building, Rydon Group, the contractor that refurbished it, and the Royal Borough of Kensington ...
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Due to lapsed security settings the Tory website goes down on cabinet reshuffle day
8Jan By Sumon AdminNo Comments
Featured, United Kingdom

Due to lapsed security settings the Tory website goes down on cabinet reshuffle day

    The Conservative website broke in the middle of Theresa May's critical reshuffle. The official site found at Conservatives.com wouldn't show to visitors who attempted to visit on one of the Government's most high-profile days. It was one of a run of technical problems for the party, which also tweeted the news that Chris Grayling would move to be Conservative party chairman before deleting it very soon after. As chairman, it would be one of Mr Grayling's responsibilities to ensure the website worked. Visitors over the morning of the reshuffle saw a message that said the connection to the site wasn't private, and were warned not to continue. Others saw a less explained error, which only showed that the site's server had broken. The problem appears to be a consequ...
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Bannon backs off explosive comments about Trump’s son
8Jan By Sumon AdminNo Comments
America, Featured

Bannon backs off explosive comments about Trump’s son

    President Donald Trump’s former strategist Steve Bannon on Sunday backed away from derogatory comments ascribed to him about Trump’s son in a new book that sparked White House outrage and could threaten Bannon’s influence as a would-be conservative power broker. Bannon, ousted from the White House in August, was quoted in ‘Fire and Fury: Inside the Trump White House,’ by journalist Michael Wolff, as saying a June 2016 meeting with a group of Russians attended by Donald Trump Jr. and his father’s top campaign officials was ‘treasonous’ and ‘unpatriotic.’ The president responded by saying Bannon had lost his mind, and the White House suggested the hard-right news site Breitbart News part ways with Bannon as its executive chairman. Bannon said in a statement released ...
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