The one thing financial markets want from the US presidential election is a clear result. The worst possible outcome would be a contested result, as in 2000, when it took 38 days for the US Supreme Court to confirm George W Bush’s victory over Al Gore. Donald Trump’s frequent hints during the election campaign that
Business
China has pulled the plug on plans for a record-breaking $34.5bn stock market float by online finance giant Ant Group just two days before it was due to take place. It came after the company’s bosses – including billionaire founder Jack Ma – were summoned to a meeting with regulators. The Shanghai stock exchange cited
The first arrests have been made over alleged fraud linked to the Eat Out to Help Out discount scheme, as well as coronavirus bounceback loans. Officers from HM Revenue and Customs (HMRC) arrested three men in London on suspicion of cheating the public revenue and fraud by false representation. The men are aged 43, 48
A leading private equity investor is close to clinching a takeover of Hovis that will return the bread-maker to British ownership. Sky News has learnt that Endless is in advanced talks to buy Hovis after a bidding war against Newlat Food, an Italian food producer. Sources said that a deal could be confirmed as soon
The John Lewis Partnership (JLP) is cutting a further 1,500 jobs through a shake-up of its head office functions to save cash as the coronavirus crisis continues to take a toll on sales. The employee-owned retailer had already shed 1,390 roles in the wake of pandemic disruption this year that saw eight underperforming John Lewis
Lloyds Banking Group is to cut 1,070 jobs under a plan to simplify structures in some back office operations. The bank said that the shake-up – the latest in a string of announcements – would affect its group transformation and retail bank teams and result in 730 net jobs lost. That was because the plans
Global stock markets are retreating from recent rallies – with the result of the US election too close to call. Futures had showed New York’s Dow Jones, S&P 500 and Nasdaq indices all set to climb sharply at Wednesday’s open – building on gains seen on both Monday and Tuesday – but the gains started
Marks & Spencer has recorded a financial loss for the first time in its 94 years as a public company after the coronavirus pandemic forced it to shutter stores. Half-year results to the 26 September showed clothing and home sales were hammered by the closure of non-essential retail during the first COVID-19 lockdown that began
When Boris Johnson belatedly agreed to offer “remarks to business” to the CBI Conference, delegates tuning in virtually would have done so with keener interest than usual. Until now the prime minister’s most notable message to the boss class was, famously, “f*** business”, an off-the-cuff remark offered when, as foreign secretary, he was asked about
Redefining Building & Design Standards with Natural Disaster Resistant Safe SuperStructures™ Studio RMA™ CEO Robert Mechielsen™ has raised the industry standard with his development of the First US Carbon Neutral Safe SuperStructure™ for construction and architectural industries, corporations, and residential and commercial properties. Defying the odds of natural disaster with impressive aesthetic appeal, these Patent- Pending Inventions that are
Dchained (https://dchained.com/) recently announced the official launch of its crypto-investment learning platform. Filled with up-to-date news, expert articles and newsletters, discussion forums with insiders, live Q&A sessions, archived content library, and an active community, the Dchained platform is intended to be the go-to reference destination for investors seeking crypto-currency information and insights. The platform offers
Boripe community primary health care centre located in Osun state, SouthWest Nigeria is wearing a new look with the purchase of medicines, medical equipments and painting of the external facility. The facility upgrade is funded by the WishWall Foundation and coordinated by iRead To Live Initiative, Nigeria. The primary health centre serves a minimum of about 800
Iconic Fashion Designer Sue Wong has just launched her new venture, SUE WONG DESIGNER SIGNATURE HOMES. Sue Wong is a Chinese-born American fashion designer best known worldwide for her gown designs with a contemporary twist based on old Hollywood glamour style. Next up on the designer’s immediate agenda is the restoration work on the new
The WishWall Foundation, USA in collaboration with iRead To Live Initiative, Nigeria has announced plans to donate medical equipments to a community primary health care facility in South west Nigeria. The community facility serves is situated in Boripe community, Osun state Nigeria with a population of about 800 residents. This facility serves as the first of
Power influencer/model/television host/fashion icon/ philanthropist Simonetta Lein made the official 2020 list of the Top Power Women In The World as seen in USA Today. 2020 ushered in @simonettalein as a celebrity TV Show host. What makes Lein a successful individual and a power woman is her resolve to shine through adversities. Recognized as one
FILE PHOTO: The Tesla factory is seen in Fremont, California, U.S. June 22, 2018. REUTERS/Stephen Lam DETROIT (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) wants to start building a new and large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials