Wednesday, 19 September 2018

Amazon launches in Turkey.

FILE PHOTO: The logo of Amazon is seen at the
company logistics centre in Boves,
France, August 8, 2018.
REUTERS/Pascal Rossignol/File Photo

ISTANBUL (Reuters) - Inc said on Wednesday it had launched activities in Turkey, offering products across 15 categories to customers across the country.

Full story at Yahoo News.

Tuesday, 18 September 2018

Brexit deal deadline to be pushed back to November in bid to ‘avoid a catastrophe’

Prime minister Theresa May and
EU Council president Donald Tusk (Getty)

The deadline for a Brexit deal is set to be pushed back to November under plans to be discussed by EU leaders this week.

The European Council summit on October 18 has long been the official cut-off point for an agreement on the Withdrawal Agreement and future relationship between the UK and EU.

But the need for an emergency meeting in November has been raised as in recent weeks as the two sides struggled to reach consensus on outstanding issues despite an intensification of talks.

Now it has been confirmed that European Council president Donald Tusk will formally propose an “extraordinary” summit when he address EU leaders on the issue in Salzburg on Thursday.

By Luke James.
Full story at Yahoo News.

Monday, 17 September 2018

A global insurance group doubled down in one area to make results boom.

The insurance industry is changing.
Photo: Reuters

London-listed insurance group Charles Taylor (CTR.L) released its half year results on 12 September and what stood out was the surge in revenue (up 21%) and adjusted profits before tax (up 10%).

David Marock, the CEO of the firm which has 2,500 staff in 100 countries, told Yahoo Finance UK that while it can count a number of reasons for its year-on-year growth for the last few years, it has mainly attributed its success to its focus on developing and delivering cutting-edge technology to be administered in the insurance market.

“A number of years ago we concluded that the time was finally coming for the insurance industry to embrace technology and, increasingly, clients were expecting it,” said Marock.

By Lianna Brinded.
Full story at Yahoo News.

Friday, 14 September 2018

In Lagos: Tin Can Island Customs Command generates N31.8bn in August.

Tin Can Island Customs Command
generates N31.8bn in August (Premium Times)

The Customs Area Controller (CAC) of the command, Comptroller Musa Abdullahi, said this while conducting the Zonal Coordinator Zone “A” Assistant Comptroller General of Customs (ACG), Dahiru Aminu round the projects to be inaugurated on Wednesday in Lagos.

The Tin Can Island Port Customs Command says it generated N31.8 billion in the months of August 2018, higher than N28.6 billion generated in the corresponding period of 2017.

The Customs Area Controller (CAC) of the command, Comptroller Musa Abdullahi, said this while conducting the Zonal Coordinator Zone “A” Assistant Comptroller General of Customs (ACG), Dahiru Aminu round the projects to be inaugurated on Wednesday in Lagos.

He said that the figure generated increased by N3.24 billion.

The News Agency of Nigeria (NAN) reports that the zonal coordinator inaugurated One Stop Treatment Area, Staff Canteen and a mini football pitch erected at the command.

Full story at Pulse NG.

Thursday, 13 September 2018

Business confidence at its worst this year, marred by uncertainty.

Business confidence in South Africa has declined by 4.2 index points - measuring 90.5 in August compared to 94.7 in July 2018 - the lowest level this year.

The South African Chamber of Commerce and Industry released its Business Confidence Index on Wednesday. The BCI does not reflect business sentiment, but rather how businesses are experiencing the present business environment.

In a statement, SACCI said, "Only three of the 13 sub-indices of the composite BCI improved in August 2018 on the July 2018 readings, five were unchanged and five turned negative. In comparison, 6 sub-indices improved month-on-month in July 2018 and three were unchanged.

Full story at Fin24.

Wednesday, 12 September 2018

A guide to why the Northern Irish border is a huge problem for Brexit.

A road sign is seen in front of Parliament Buildings at
Stormont in Belfast, Northern Ireland. Photo: Reuters

One of the issues at the epicentre of the Brexit talks has been the Northern Ireland border. But now with the European Union’s chief negotiator Michel Barnier saying that a Brexit deal is possible within eight weeks, it suggests that the UK may have made headway on the extremely complex subject when it comes to severing ties with the bloc.

And though the former UK foreign secretary Boris Johnson recently called the post-Brexit fall-back solution for the border in Northern Ireland a “suicide vest” being wrapped around the UK constitution, even Jacob Rees-Mogg’s staunchly pro-Brexit European Research Group (ERG) has come to terms with the importance of the border question.

Today (12 September), the ERG intends to reveal its solution to the problem, which has vexed negotiations with the EU since the very beginning. It will supposedly appease the bloc and prevent a hard border. Or perhaps it’ll be a fantasy scenario, much like Rees-Mogg’s assessment on how there’ll be a “£1.1tn ($1.4bn) Brexit boost.

By Edmund Heaphy.  
Full story at Yahoo News.

Tuesday, 11 September 2018

A 227-year-old financial firm CEO explains why the tech revolution won't hurt City jobs.

The robot revolution is here.
Photo: Ivan Alvarado/Reuters
The greater use of technology, namely artificial intelligence automation, is revolutionising business. But widespread adoption is also creating a pipeline of problems for the human workforce.

Last year, global consultancy giant McKinsey revealed in a benchmark report that more than a fifth of the global labour force are at risk of losing their jobs due to automation. That’s the equivalent of 800 million workers worldwide. After looking at 46 nations and more than 800 job types, it found that while robots will “increase productivity and improve our lives,” unless workers, businesses, and governments recognise this risk, then there will be millions of displaced staff.

However, financial firms have been a bit more optimistic on the impact of white collar jobs on Wall Street and other business hubs. Even the boss of a 227-year old investment firm Charles Stanley (CAY.L), which has $30.8bn (£23.8bn) of assets under management, believes that the industry and workers within it, will be able to weather that transition.

By Lianna Brinded. 
Full story at Yahoo News.

Monday, 10 September 2018

European markets under pressure as trade concerns take center stage.

Shares in Europe struggled to make gains on Monday morning amid ongoing concerns over global trade.

The pan-Europe Stoxx 600 was flat with auto stocks falling the most. The sector is particularly vulnerable to trade tensions. Fiat shares were down by 1.3 percent in early deals.

Global markets are focused on trade concerns after President Donald Trump said Friday that there could be an additional $267 billion in tariffs against China. The administration is also finalizing plans to impose tariffs of up to 25 percent on $200 billion of Chinese goods. Trump also suggested that Apple should move its production to the U.S. to avoid being caught up in the tariffs against China.

By Silvia Amaro.
Full story at Yahoo News.