Bentley now officially in PH
By Tina Dumlao
James Bond. Queen Elizabeth. The Beatles.
Russian billionaire Alisher Usmanov has topped an annual “rich list” compiled by Britain’s Sunday Times newspaper, with a fortune of £13.3 billion ($20.3 billion).
HSBC could cut up to another 5,000 jobs as Europe’s biggest bank looks to find further savings, the Financial Times reported on Monday.
Now the cat is out of the bag. In the past few weeks, big shots of one of the world’s largest cigarette company, London-based British American Tobacco, or BAT, which posts yearly net revenue (meaning, minus the duties and excise taxes on its products) of about $27 billion (more than P930 billion), came out in various media reports on its plans in the Philippines, particularly its supposed $200-million investments.
The identification of King Richard III’s skeleton is the latest coup by forensic scientists who use radiocarbon-dating, DNA analysis, 3D scanning and other hi-tech tools to unlock the secrets of the long-dead.
Britain’s biggest retailer, supermarket Tesco, looked on course to withdraw from its struggling US business Fresh & Easy as chief executive Philip Clarke on Wednesday said its presence would likely end.
NEW DELHI, India—London’s mayor joked that revolutionaries had taken over Paris and told India’s investors Tuesday to look to the British capital instead, amid a row between the French government and India-born tycoon Lakshmi Mittal. On Monday French Industrial Renewal Minister Arnaud Montebourg said he did not want steel giant ArcelorMittal, controlled by Mittal, [...]
US auto giant Ford, a day after announcing the closure of a key plant in Belgium, said Thursday it will shut down two British factories as well in a bid to steer its European operations back to profit.
Ford is set to cut 1,500 jobs at two plants in Britain in the latest European restructuring move after it shut down a plant in Belgium, a union said Thursday.
British finance minister George Osborne said on Monday that the government will slash the welfare bill by £10 billion as it seeks to tame a massive deficit.
Moody’s on Tuesday held its negative outlook for the British banking sector, citing the weak economy, higher regulatory costs and exposure to the eurozone debt crisis.
Britain’s economy shrank by a worse-than-expected 0.7 percent in the second quarter, official data showed on Wednesday, as recession tightened its grip.
