Britain 'too lazy and fat', says Trade Secretary Liam Fox
Image copyright Thinkstock Britain is "too lazy and too fat" with businessmen preferring "golf on a Friday afternoon" rather than contributing to the country's prosperity, Liam Fox has said.The international trade secretary's remarks, at a Conservative Way Forward event, were recorded by the Times.Downing Street said he was clearly expressing private views.Richard Reed, Innocent Drinks co-founder, said Mr Fox "had never done a day's business in his life".Mr Fox, who was a prominent voice wi..>> view originalWal-Mart stops selling Egyptian cotton sheets made by India's Welspun
CHICAGO Wal-Mart Stores Inc (WMT.N) on Friday said it will stop selling Egyptian cotton sheets made by Welspun India (WLSP.NS) after the Indian manufacturer was unable to assure them the products were authentic.Last month, U.S. retailer Target Corp (TGT.N) severed ties with Welspun after accusing them of passing off cheap sheets as premium Egyptian cotton for two years. "Welspun has not been able to assure us the products are 100 percent Egyptian cotton, which is unacceptable," Wal-Mart said ..>> view originalEU finance ministers line up behind tax ruling against Apple
Netherland's Minister of Finance Jeroen Dijsselbloem during press conference after the Eurogroup's deliberations at the Informal Meeting of Ministers for economic and financial affairs in Bratislava, Slovakia, Friday, Sept. 9, 2016. Ministers for economic and financial affairs gather for a two-day informal meeting in the Slovak capital, where they will discuss BREXIT, EU economic policies, and the migration crisis. (AP Photo/Bundas Engler) The Associated Press By GEORGE JAHN, Associated P..>> view originalVW Engineer Pleads Guilty in Emissions-Cheating Scandal
Updated Sept. 9, 2016 4:45 p.m. ET A Volkswagen engineer pleaded guilty to helping the auto maker’s admitted efforts to cheat on emissions tests, becoming the first person criminally convicted in the U.S. in a wide-ranging scandal that has cost the German giant billions of dollars. The engineer, James Liang, who has been with the company since 1983, agreed to cooperate in the continuing U.S. investigation, according to his plea agreement filed in federal court in Detroit. That ..>> view originalBrexit vote revives dream of EU army
Image copyright Getty Images Image caption Brexit could pave the way for development of the embryonic EU army The British decision to leave the European Union in the wake of the Brexit referendum has given renewed impetus to the idea that the EU should have its own army.The UK - by far the most capable European military player, along with France - has always been a brake on such an idea, fearing unnecessary duplication with Nato. The UK went along wit..>> view originalJimmy John's Could Be Gearing up for a Global Expansion
Jimmy John’s sold a majority stake in its company to private equity firm Roark Capital Group, which could mean the gourmet sandwich chain is about to go global. Founder and board chairman Jimmy John Liautaud will remain the largest non-institutional shareholder and “continue to help shape the company’s high-level strategic direction,” according to a press release. President and CEO James North will also stay in his role and oversee day-to-day operations. No other changes to the chain’s manageme..>> view originalWells Fargo still facing suits from customers, employees over bogus accounts
Despite a blockbuster settlement announced Thursday, Wells Fargo isn’t done fighting allegations that its aggressive sales culture pushed employees to create accounts that customers never authorized.The San Francisco banking giant still faces lawsuits from customers who say they were harmed by the bank’s practices, as well as from former employees who claim that they were were fired or forced to quit when they wouldn’t resort to breaking rules to meet the bank’s strict sales quotas. Thursday’s..>> view originalStocks in sell-off after Boston Fed chief's remarks on rates
Federal Reserve Bank of Boston President Eric Rosengren’s more robust call to raise interest rates — warning that inaction could overheat the economy — pushed stocks to their lowest point in two months on Friday. The Dow Jones Industrial Average closed down nearly 400 points, giving up most of the gains of the summer after Britain’s vote to exit the European Union. In a day of steady downhill trading, the Dow closed at 18,085, losing 2.13 percent. Advertisement Rosengren is a voting member o..>> view originalAmazon is doubling down on retail stores with plans to have up to 100 pop-up stores in US shopping malls
David Ryder/Getty ImagesAmazon is aggressively expanding its presence in the real-world retail market, with a plan to open dozens of new pop-up stores in US shopping malls over the next year, a source familiar with the matter told Business Insider. The miniature retail storefronts are a separate effort from the physical bookstore that Amazon opened in Seattle last year and are primarily designed to showcase and sell the company's hardware devices, particularly its Echo home speakers. The pop-up..>> view originalFacebook co-founder pledging $20 million to defeat Trump
FILE-In this April 26, 2012 file photo, Dustin Moskovitz, a Facebook co-founder, poses outside of his office in San Francisco. Moskovitz says he is giving $20 million to help defeat Donald Trump, calling the Republican presidential candidate divisive and dangerous and his appeals to Americans who feel left behind “quite possibly a deliberate con.” (Eric Risberg/Associated Press) By Julie Bykowicz | AP September 10 at 4:23 AM WASHINGTON — With a new promise of $20 million to help defeat D..>> view original
Wednesday, September 14, 2016
Britain 'too lazy and fat', says Trade Secretary Liam Fox and other top stories.
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