Senate Democrats are finalizing a plan to close a tax loophole used by many companies. They want to use those revenues to shore up the government-run Medicare healthcare program. The tax change is aimed at the majority of businesses in the United States that are not subject to corporate income tax. West Virginia Sen. Joe … Read more
Six out of ten customers expect cheap costs to have a bigger impact on where they shop. The Institute of Customer Service surveyed 10,000 people as part of its review of customer service. A third of those surveyed were still open to paying more for quality service. According to a survey, six out of ten … Read more
Small businesses have called government programme to decrease prices a “slap in the face.” Federation of Small Business says it is unrealistic to want businesses to “soak up expenditures”. Advertising campaign was suggested by David Buttress, the government’s new cost of living tsar. A new government initiative to push companies to lower their pricing to … Read more
China’s state-owned energy giants CNPC and Sinopec are in talks with Qatar to buy up to 4 million tonnes per annum of LNG for up to 27 years. This would be the single-largest LNG purchase deal between the two countries. al oil companies are in advanced talks with Qatar to invest in the North … Read more
Confidence among Japanese manufacturers rose in June and was steady in the services sector. The Reuters Tankan closely correlates with the Bank of Japan’s quarterly tankan survey. The monthly poll of 499 large and mid-sized firms polled takes place between June 1-10. Certainty among Japanese manufacturers rose in June and was consistent in the administrations … Read more
The latest damning report on Jacob Zuma’s presidency, released on Friday, assigns him a “critical” role in the theft and mismanagement of South Africa’s state-owned firms during his nine years in power. A special inquiry filed a fourth volume of the huge report with President Cyril Ramaphosa, detailing Zuma’s key role in major corruption through … Read more
WASHINGTON: A Chinese intelligence officer was convicted in US federal court on Friday of economic espionage in an alleged state-backed effort to steal technology from US and French aerospace firms, the Justice Department said. Xu Yanjun, an official in the Jiangsu province foreign intelligence office of the ministry of state security, was found guilty in … Read more
RIYADH: Riyadh has launched 50 investment competitions for firms across 10 commercial activities to help “improve the quality of services provided to the residents and visitors of the capital”, SPA reported. The diverse range of projects includes two commercial buildings, four gardens, a social club for the elderly, 12 ready-mix concrete plants, a gas station, a multi-storied … Read more
