May maps out bigger role for state in corporate Britain
Businessam Staff
May 19, 2017
Prime Minister Theresa May promised to clamp down on executive pay, give workers a say on strategy and make it harder for foreign firms to take over British ones, as she set out pre-election plans to give the state more influence over corporate Britain. May’s Conservatives have for decades encouraged a low-key approach to corporate […]
UK: Conservatives aiming to end budget deficit by mid-2020s
Businessam StaffMay 18, 2017
British Prime Minister Theresa May will aim to balance the country’s budget deficit by the middle of the next decade, according to a manifesto document listing her Conservative Party’s policy proposals ahead of a June 8 national election. The document said the Conservatives would stick with the existing fiscal plans of Chancellor Philip Hammond who […]
Trump campaign had at least 18 undisclosed contacts with Russians – sources
Businessam StaffMay 18, 2017
Michael Flynn and other advisers to Donald Trump’s campaign were in contact with Russian officials and others with Kremlin ties in at least 18 calls and emails during the last seven months of the 2016 presidential race, current and former U.S. officials familiar with the exchanges told Reuters. The previously undisclosed interactions form part of […]
Zambian Central Bank cuts key rate as food prices set to fall
Businessam StaffMay 17, 2017
Benchmark policy rate is now at lowest level since 2015 Inflation was unchanged at 6.7% in April, lowest since 2013 The Bank of Zambia reduced its benchmark rate for the second straight time since its introduction five years ago as good rains improve prospects for lower food prices in coming months. The central bank cut […]
Despite Reserve Bank’s caution, 2,500 Indians investing in Bitcoins daily
Businessam StaffMay 17, 2017
Despite the Reserve Bank’s call for caution to people against the use of virtual currencies, a domestic Bitcoin exchange today said it is adding over 2,500 users a day and has reached five lakh downloads. Zebpay, an app-absed Bitcoin exchange, said it has had five lakh downloads on the Android operating system and is adding […]
The top 10 countries in the world for conservation have been revealed (Pictures+Video)
Businessam StaffMay 16, 2017
A team of scientists has put together a list of the countries that are doing the most to help conserve wildlife in its natural habitat. Surprisingly, it’s not necessarily the richest countries that are doing the most … but instead, it’s the ones who rely most on animal tourism and travel. Botswana is top at […]
NPA, Dangote, Flour Mills to raise N4.5bn for access roads reconstruction at Apapa
Businessam StaffMay 16, 2017
The Nigerian Ports Authority (NPA) has indicated that it plans to raise N4.3 billion, in conjunction with Dangote and Flour Mills, for the reconstruction of access roads around Apapa as port operators withdrew services over poor infrastructure. Hadiza Usman, managing director of NPA, disclosed this at a stakeholders’ meeting in Lagos on Monday, saying NPA […]
Cruises boom as millions of Chinese take to the seas
Businessam StaffMay 15, 2017
Liu Jing wakes at 7, feeds her 84-year-old mother and two-year-old grandson and then spends the day watching the boy play in the playground, with breaks for meals and his afternoon nap and perhaps a little TV in the evening. That’s not unusual for a Chinese retiree, many of whom play an instrumental role in […]
China’s President Xi says Belt and Road summit reaches consensus, achieves positive outcomes
Businessam StaffMay 15, 2017
China’s first ever Belt and Road summit, held in Beijing over the last two days, has reached a broad consensus and achieved positive outcomes, President Xi Jinping said on Monday. Xi’s signature foreign policy, the Belt and Road initiative, will not base cooperation on ideological grounds but will be open and inclusive, the Chinese president […]
Banks depict South African Rand probe as vague, embarrassing
Businessam StaffMay 11, 2017
Some of the banks accused of manipulating trades in the rand are objecting to the complaint by South Africa’s Competition Commission, calling it vague and embarrassing, and demanding it be amended or dropped “The commission has failed to plead the material facts necessary to sustain the allegation that there was an agreement, or agreements,” between […]