Businesses can unlock $12 trillion via key development goals-Davos study
By Sujata Rao | DAVOS, Switzerland DAVOS, Switzerland Companies could unlock at least $12 trillion in market opportunities by 2030 and create up to 380 million jobs by implementing a few key development goals, according to a study by a group including global business and finance leaders.The report, released on Monday by the Business and Sustainable Development Commission, said pressure on business to become a "responsible social actor" was likely to grow. The group was launched at the Davos ..>> view originalGerman Ministers Reject Trump Remarks on Car Tariffs
BERLIN — Senior German officials reacted with surprise and defiance Monday to comments made by President-elect Donald Trump, who said in an interview that NATO was "obsolete" and threatened Germany's automakers with hefty import taxes.Trump said in an interview with German daily Bild and The Times of London that German car manufacturers could face tariffs of up to 35 percent if they set up plants in Mexico instead of the U.S. and try to export cars to the U.S. from there.Such tariffs would m..>> view originalStark Inequality: Oxfam Says 8 Men as Rich as Half the World
The same report a year earlier said that the richest 62 people on the planet owned as much wealth as the bottom half of the population. However, Oxfam has revised that figure down to eight following new information gathered by Swiss bank Credit Suisse. Oxfam used Forbes' billionaires list that was last published in March 2016 to make its headline claim. According to the Forbes list, Microsoft founder Gates is the richest individual with a net worth of $75 billion. The others, in order of rankin..>> view originalLi Ka-shing Sweetens Deal for Australian Energy Company
Photo Li Ka-shing, one of Asia’s richest men, in Hong Kong last year. A deal to take control of an Australian energy company, the Duet Group, has won unanimous support from Duet’s board of directors. Credit Justin Chin/Bloomberg HONG KONG — Hong Kong’s richest man has taken a step closer to winning control of a big Australian energy company, as he seeks to overcome Australia’s occasional wariness toward foreign investors from China.Companies controlled by Li Ka-shing, t..>> view originalGlobal shares mostly lower amid worries over Brexit, Italy
A man is reflected on the electronic board of a securities firm in Tokyo, Monday, Jan. 16 2017. Asian shares were mostly lower Monday morning amid worries about Britain's exit from the European Union, and Takata stock dropped in Tokyo after the air bag ...>> view originalSouth Korea Seeks Arrest of Samsung Scion in Graft Scandal
SEOUL, South Korea — In a departure from the leniency typically given South Korean big businesses, prosecutors on Monday requested the arrest of the de facto head of Samsung Electronics, the country's most valuable company, in an influence-peddling scandal that has toppled the country's president.Lee Jae-yong, the 48-year-old vice chairman at Samsung Electronics, faces allegations of embezzlement, of lying under oath during a parliamentary hearing and of offering a bribe of 43 billion won ($..>> view originalThese 2 Global Eyewear Giants Have Agreed to a $49 Billion Merger
Italy's Luxottica and France's Essilor have agreed a 46 billion euro ($49 billion) merger to create a global powerhouse in the eyewear industry with annual revenue of more than 15 billion euros, they said in a statement on Monday.The deal, one of Europe's largest cross-border tie-ups, brings together Luxottica (luxgf), the world's top spectacles maker with brands such as Oakley and Ray-Ban, with Essilor (esloy), the world's leading manufacturer of ophthalmic lenses."Finally ... two products whic..>> view originalWho are the 8 richest people? All men, mostly Americans
The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Most are American, with one European and one Mexican in the mix. Several have pledged to give it all to charity.The eight tycoons' net worth, as calculated by Forbes magazine, was cited Monday by anti-poverty activists Oxfam in a report highlighting income inequality. As the world's business and political elite gathers in the Swiss town of Davos this week, her..>> view originalInvestors turn wary on Brexit, Trump uncertainty
LONDON Investors bailed out of sterling and stock markets in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over the terms of Britain's divorce from the European Union undermined appetite for risky assets.The dollar .DXY rose, except against the yen, rebounding after suffering its worst week since November when it was hit by a lack of clarity over the policies of U.S. President-elect Donald Trump, whose inauguration is on Friday."(The movement) shows tha..>> view originalUS profit growth pickup could justify Wall Street rally
U.S. profit growth pickup could justify Wall Street rally By Reuters Published: 01:04 EST, 16 January 2017 | Updated: 01:04 EST, 16 January 2017 By Caroline ValetkevitchNEW YORK, Jan 16 (Reuters) - U.S. companies are set to report their strongest profit growth in two years, which could go a long way toward justifying Wall Street's record-breaking rally, say stock investors who anticipate many companies will top expectations.Fresh from a year-long decline in quarterly profits, compani..>> view original
Sunday, February 12, 2017
Businesses can unlock $12 trillion via key development goals-Davos study and other top stories.
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