Almost 100 firms relocate to the Netherlands amid Brexit uncertainties: Dutch Agency  

DUE to the ongoing uncertainty in the UK, the Netherlands is becoming increasingly popular as a destination for Brexit-impacted companies, a Dutch government agency said on Monday (26). Almost 100 businesses have moved from the UK to the Netherlands or set up offices there to be within the European Union (EU) as Britain is scheduled to […]

Toxic Italian steel plant clean-up is a towering task

ROCK climbers scale a giant canopy in Taranto to build the world’s biggest iron-ore park cover as steel giant ArcelorMittal strives to clean up and turn around Italy’s most polluting plant. Beyond the factory lie the sea and sandy beaches, though only hardy souls dare to swim or eat mussels farmed here. The site in […]

UK ‘must learn from France’ as Indian student numbers continue to fall

By Nadeem Badshah MORE Indian students are saying au revoir to Britain and are choosing to study in France. Figures show that about 10,000 people from India are taking courses in French cities including Paris, a number which has trebled in three years. Alexandre Ziegler, France’s ambassador to India, said the sharp rise was down to […]

Reckitt Benckiser partners with Founders Factory as exclusive hygiene, home investor

CONSUMER goods giant, Reckitt Benckiser (RB) and Founders Factory have launched Founders Factory Hygiene and Home, a joint venture (JV) on Monday (5). The JV aims to discover and develop startups who will transform the lives of consumers and create a cleaner world through cutting edge technology and innovation. The FTSE 100 business said it intended to […]

BMW second quarter profits dented by electric vehicle investment

GERMAN high-end car maker BMW on Thursday (1) reported slumping second-quarter profits, with pricey investment in electric cars sapping the bottom line, but it remained confident of hitting its financial targets. Net profit at BMW fell 28.7 per cent compared with a year earlier in the April-June period to €1.5 billion, below the consensus of […]

Indian business tycoon Pramod Mittal remains in Bosnian custody  

INDIAN industrialist Pramod Mittal, the younger brother of steel magnate Lakshmi Mittal, is to remain in custody in Bosnia for at least a month following his arrest for suspected fraud, a prosecutor said Friday (26). A judge in the court of Tuzla in the northeast of the country “has ordered that the three people under […]

British Airways faces $230m fine over last year’s data theft

BRITISH AIRWAYS-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK’s Information Commissioner’s Office (ICO). The ICO proposed a penalty of £183.4 million, or 1.5 per cent of British Airways’ 2017 worldwide turnover, for […]

UK firms show more bias against BAME candidates than businesses in Germany

By NADEEM BADSHAH ANONYMOUS CVs and diversity among managers are needed to tackle racial discrimination in the Jobs market, campaigners said. A study showed that British firms appear more likely to discriminate than the Germans and Dutch with researchers sending the same CV to employers with different names. From looking at 200,000 job applicants across […]

Liberty completes acquisition of European ArcelorMittal steel assets for €740m

LIBERTY STEEL, part of Indian origin Sanjeev Gupta’s global GFG Alliance, today (1) completed the acquisition of seven major steelworks and five service centres across seven European countries from ArcelorMittal. The €740 million deal makes Liberty Steel one of the top ten producers globally, excluding China, with a total rolling capacity in excess of 18 […]

Henrik Adam to replace Hans Fischer as Tata Steel Europe chief executive

TATA STEEL EUROPE said its chief executive officer Dr Hans Fischer will stepdown with effect from July 1, 2019. Henrik Adam, currently chief commercial officer Tata Steel Europe, has been appointed to succeed Hans as the CEO from July 1, 2019. He will also join the Board of Tata Steel Europe. Hans will continue to […]