How rich is Jeff Bezos?
What is Jeff Bezos' Net Worth?
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How rich is Jeff Bezos?
What is Jeff Bezos' Net Worth?
How old is Jeff Bezos?
What does Jeff Bezos' house look like?
Uber Technologies Inc. hopes to one day operate a network of flying cars. The ride-hailing company laid out some aggressive plans to get closer to its first flight.
Engineer Toby McCartney explains how his Scottish start-up MacRebur is persuading councils to use local waste plastic to build roads. Two English councils have already started building roads this way. A smartphone film for BBC World Hacks by Dougal Shaw.
Mark Lack interviews Beate Chelette – CEO and Founder of The Women’s Code, a revolutionary system to help women cope, collaborate and lead in their careers! Beate talks about why she decided to start this business and her aha moment! She tells the story about of reaching out to the President of the United States and how that led her to where she is today!
Qlm referencing: (qlmbusinessnews.com via telegraph.co.uk – – Fri, 28 Nov 2017) London, Uk – –
Vauxhall had a “reckless disregard for safety” by letting people drive its Zafira cars which it knew were unsafe and could catch fire, says damning parliamentary report.
The car maker has come under attack from the Transport Select Committee about its actions following a spate of fires in 2015 involving the Zafira B model people-carriers.
The cars burst into flames because of problems in their heating and ventilation systems but MPs said Vauxhall was “too slow to begin an investigation, too slow to address the causes and too slow to alert drivers of real safety concerns. Drivers and their families were needlessly put at risk.”
Louise Ellman, chairman of the committee, added Vauxhall was also too quick to blame the fires on “improper and unauthorised repairs”.
“Vehicle fires can be terrifying,” she said. “Vauxhall does not appear to have grasped the seriousness of the problem, placing the blame on third parties.”
More than 230,000 Zafiras Bs were sold, but by the time it was realised there was a problem, the model had been superseded and there are no records on the number of cars which caught fire as a result of the issue.
An initial recall of the cars for repairs did not totally solve the problem, with MPs saying Vauxhall did not accept there was a wider problem.
“The initial recall reduced the risk of fire, but owners were left thinking their cars were safe when the reality was there was some form of risk,” Ms Ellman said. “Vauxhall’s decision to continue to let people drive affected cars once it knew that cars that had already been recalled still caught fire amounts to reckless disregard for safety.”
A second recall to fix the problem was needed and MPs also said the vehicle registration body the DVSA should have worked more closely with Vauxhall to deal with the problem, as well as carrying out independent tests to discover the true cause of the fires.
In a statement, Vauxhall said it “apologised for any anguish or distress caused”.
“Nothing is more important to us than safety and we go to enormous lengths to maintain the safety of our vehicles and have strengthened these processes further as a result of the learnings from Zafira B.”
So far 183,000 Zafira B models have been recalled for the second fix. However, Vauxhall cannot force owners to bring their vehicles in and is working with the authorities to track down those still to be repaired.
By Alan Tovey
The Association of the British Pharmaceutical Industry has warned that the world's biggest drug companies could abandon the UK unless the NHS receives substantially more funding.
The association represents firms including GlaxoSmithKline and AstraZeneca, as well as the UK operations of international giants like Pfizer and Novartis. It says health spending should rise from the current 9.9% of GDP to the G7 average of 11.3%. That would amount to an extra £20.8bn.
Lisa Anson, the UK boss of AstraZeneca, and new President of the ABPI tells Ian King Live why the body is making the call in its election manifesto.
(qlmbusinessnews.com via uk.reuters.com — Thur, 27 Apr 2017) London, UK —
British retailers reported the biggest increase in sales volumes since mid-2015 during April, according to an industry survey on Thursday that may help to allay fears of a worsening consumer-led slowdown.
The Confederation of British Industry's monthly retail sales balance spiked to +38 from +9 in March, confounding expectations for a decline to +6 in a Reuters poll of economists.
The upbeat figure contrasted with official data that showed retail sales posted their biggest quarterly fall in seven years in the first quarter of 2017, reinforcing economists' view that household spending, the main driver of the economy, is now slowing sharply.
The CBI said the strength during April was notable because the survey of 57 retailers did not cover the Easter holidays, one of the most important shopping periods of the year.
However, the CBI's retail balance has been volatile from month to month recently.
“Retailers are still cautious over the outlook, expecting slower growth over the year to May, as higher inflation eats into household spending,” CBI economist Ben Jones said.
“With price competition remaining fierce and rising costs squeezing margins, retailers face mounting pressures in the months ahead.”
The CBI said retailers expected sales growth to slow next month, with the index falling back to +16.
By Andy Bruce
Twitter – the social media platform beloved by US president Donald Trump – saw its shares surge on Wednesday after we learned it added a lot more users that had been expected in the first three months of this year.
The number of monthly active users was up by six percent compared with the same period last year, reaching 328 million.
Investors had expressed concerns about Twitter's future as user growth stalled last year.
The company credited changes to its timeline function which is now content listed by themes rather than in chronological order.
(qlmbusinessnews.com via theguardian.com – – Wed, 26 Apr, 2017) London, Uk –
McDonald’s is to offer 115,000 UK workers on controversial zero-hours contracts the option of moving to fixed contracts with a minimum number of guaranteed hours every week.
The move is a significant development in the debate about employee rights because McDonald’s is one of the biggest users of zero-hours contracts in the country. Sports Direct has also used workers on zero-hour contracts in its shops.
The fast-food chain is to offer fixed hours contracts after staff in its restaurants complained they were struggling to get loans, mortgages and mobile phone contracts because they were not guaranteed employment each week.
Zero-hour contracts are controversial because companies can use them to exploit workers, offering unpredictable working hours and changing shifts at short notice.
The TUC has called for the government to ban zero-hours contracts. It has found that staff on these contracts earns a third less per hour than the average worker.
McDonald’s has been trialling the shift to fixed hours contracts in 23 sites across the country. The company said that about 80% of workers in the trial chose to remain on flexible contracts and it has seen an increase in levels of employee and customer satisfaction after the offer. Staff have been offered contracts in line with the average hours per week they work. This includes contracts of either four, eight, 16, 30 or 35 hours a week.
The company will initially expand fixed contracts to 50 more restaurants before rolling it out nationwide to existing and new employees later this year.
Paul Pomroy, the chief executive of McDonald’s UK, said: “The vast majority of our employees are happy with their flexible contracts, but some have told us that more fixed hours would help them get better access to some financial products.”
Pomroy denied that McDonald’s was reacting to political pressure by making the change. “We are reflecting people’s lives. In a growing business, we need people to come and work for us, it’s a mutually beneficial approach,” he added.
The McDonald’s boss also confirmed that staff who are paid by the hour have had their pay increased by an average of 15% since April 2015.
“The hard work of our restaurant teams has enabled us to deliver 44 consecutive quarters of growth in the UK,” Pomroy said. “It’s right that we continue to invest in our people so they can deliver the experience that our customers want and expect.”
The changes are part of a modernisation drive by McDonald’s that includes the launch of a premium burger, digital touch screens in restaurants and a new delivery service that will be trialled from June alongside a partner such as Deliveroo.
McDonald’s has defended zero-hours contracts in the past, saying they offer flexibility to workers. However, the company has been targeted by protesters over its treatment of staff. Earlier this month, campaigners from Fast Food Rights and Better Than Zero dressed as clowns and demonstrated outside a McDonald’s restaurant in Glasgow over its use of zero-hours contracts.
The TUC has warned that 3.5 million people could be stuck in insecure work such as zero-hours contracts, agency work or low-paid self-employment by 2022 – 290,000 more than at present.
Frances O’Grady, the TUC general secretary, said: “MPs aren’t the only ones feeling insecure in their jobs right now. If nothing changes, hundreds of thousands more Brits could be stuck in insecure work, being treated like disposable labour. That’s the same as 13 extra Sports Directs or the entire working population of Sheffield.
“Paying rent and bills can be a nightmare when you don’t know how much you’ve got coming in each month. And planning childcare is impossible when you’re constantly at the beck and call of employers.
“The next government will need to tackle this problem head on. Every party manifesto must have real commitments to crack down on zero-hours contracts and bogus self-employment. And agency workers should always get the going rate for the job.”
By Graham Ruddick
(qlmbusinessnews.com via theguardian.com – – Wed, 26 Apr, 2017) London, Uk –
Consumer group finds products such as gin, Toblerone and Lego cheaper in supermarkets or online
Bargain airport prices for favourites such as gin and Toblerone are now likely to be cheaper at the supermarket, Which? has found.
A 360g bar of Toblerone cost £4 at Bristol World Duty-Free but £3 at Asda, while a 70cl bottle of Tanqueray gin cost £18 at Heathrow Terminal 2 and £15 at Morrisons, the consumer group found.
Despite a common assumption that airport shopping will cut out VAT, shoppers could save £21 by buying a 100ml bottle of Eternity for Men eau de toilette on Amazon for £25 rather than at Birmingham World Duty-Free for £46.
The Lego Star Wars Millennium Falcon was £20 cheaper at Toys R Us online than at Gatwick South World Duty-Free.
Which? said it was “stunned” to find the SanDisk Extreme Plus 64GB camera memory card selling for £73 more at Glasgow International’s Dixons Travel than at Currys online.
The organisation checked all the prices between 10 and 13 March. They are rounded to the nearest £1 and include the cost of delivery for online orders.
The watchdog also said consumers could find savings at airport shops, noting that it found the iPad mini 2 and Fitbit Flex 2 both for £10 less at Dixons Travel at Glasgow International airport than online at John Lewis.
It urged shoppers to “always do your research before you head to the airport to make sure the ‘deal’ is not actually dearer than you find on the high street or online”.
(qlmbusinessnews.com via bbc.co.uk – – Wed, 26 Apr, 2017) London, Uk – –
The £20.3bn spent bailing out Lloyds Banking Group during the financial crash has been repaid in full, UK chancellor Philip Hammond has said.
Nine years after the government bought 43.4% of Lloyds, the taxpayer has now got slightly more – £20.4bn – back.
The government began selling off its stake to investors in 2013, with the final 2% likely to be sold this year.
Earlier this week, Mr Hammond hinted that the 72% stake in Royal Bank of Scotland may be sold at a loss.
The vast bulk of the money returned to taxpayers has come from selling tranches of Lloyds shares, which began in September 2013 with the offloading of a £3.2bn stake.
However, the government has also received £400m in share dividends from Lloyds as the group returned to health.
In February, Lloyds reported its highest annual profit in a decade, helped by a reduction in payment protection insurance provisions.
Mr Hammond, speaking in Washington on Friday, said: “Recovering all of the money taxpayers injected into Lloyds marks a significant milestone in our plan to build an economy that works for everyone.
“While it was right to step in with support during the financial crisis, the government should not be in the business of owning banks in the long term.
“The right place for them is in the private sector and I'm pleased to be able to say we are approaching the point at which we will sell our final shares in Lloyds Bank.”
There were plans to sell off a large tranche of shares to the public rather than institutional investors, but this was scrapped last year, with then chancellor George Osborne blaming turmoil in global financial markets.
‘Elephant in the room'
Hargreaves Lansdown senior analyst Laith Khalaf said that although the share sell-off has taken far longer than expected, the remaining stake “can now be sold off as pure profit for the government”.
He added: “Of the UK banks, Lloyds has cleaned up its act fastest since the financial crisis.
“For the Treasury, the elephant in the room is, of course, RBS, which required twice as much financial support from the taxpayer as Lloyds.”
The bailout of RBS was worth 502p a share – or £45bn in total. On Friday, RBS shares were trading at about 239.8p.
Mr Hammond said on Wednesday that the government would return RBS to private hands “as soon as we can”, but this might be at a price below what was paid.
“We have to live in the real world,” he said.
By Russell Hotten
Alison Brittain, the Chief Executive of Costa and Premier Inn owner Whitbread, tells Ian King Live that as inflation rises, consumers are thinking a bit harder about spending their money.
UK in Spain/flickr.com
(qlmbusinessnews.com via theguardian.com – – Tue, 25 Apr, 2017) London, Uk – –
The government appears to have performed a weekend U-turn on business rates and says a £300m relief fund to help small businesses worst hit by the shakeup is now available for councils to share out.
On Friday the Guardian was told by the Department for Communities and Local Government that although the consultation on how to distribute the money was complete it would require the approval of the new government – signalling a hiatus of several months until after the 8 June general election.
However, speaking in the House of Commons on Monday the communities secretary, Sajid Javid, insisted there would be “absolutely no delay because of the general election”. “It’s going ahead, exactly as planned. Councils are free to start using the scheme and helping local businesses.”
The business rates revaluation triggered a furious political row in February with the government coming under fire from its own MPs over the impact of the changes in their constituencies. Many of the affected businesses are in Conservative heartlands and the pressure saw the chancellor Philip Hammond announce a £435m relief package in the budget.
Half a million shopkeepers, pubs and restaurants saw their rates bills – the commercial equivalent of council tax – increase at the start of this month after a revaluation of property hit parts of the country where prices have surged.
For example, a property boom in the Suffolk coastal town of Southwold forced rateable values up by 152%, with some shop owners saying the resulting hike in their rates bill threatened the viability of their businesses.
Rachael Maskell, the Labour MP for York Central, described the situation created by the revaluation as “totally unfair” as although more small businesses were exempt from rates in her constituency others had seen their rateable value increase by 600%. “No one knows how the new relief funds will be distributed,” she said. “Total chaos.”
The DCLG website was updated over the weekend with the following statement added to the relevant homepage: “The government has considered the responses to the consultation on the scheme announced at spring budget 2017 for discretionary business rates relief and determined that final allocations to local authorities will be made according to the draft allocations published as part of the consultation.”
A DCLG spokeswoman confirmed the relief fund was now being rolled out. “Councils should establish their own schemes to distribute funds to local firms and can claim the funding from DCLG as soon as their schemes are up and running,” she said.
The revaluation, which is revenue neutral for the government, is supposed to make the system fairer by ensuring business rates reflect the property market with rates bills actually coming down in some parts of the country.
A revaluation is supposed to take place every five years but the previous review was controversially delayed by two years with high street campaigners accusing the government of postponing the process as it would be vote loser in Tory-held seats in the south-east ahead of the 2015 general election. The last revaluation, which came into effect in 2010, was based on rental values from 2008 which explains why some firms have seen a sharp rise in their bills.
Hammond’s relief package comprised the £300m discretionary fund, which is spread over four years, and a £1,000 discount on this year’s rates bill for pubs with a rateable value of less than £100,000.
It is now up to local councils, who receive funds quarterly, to decide the local businesses that need help. Local authorities have already been developing their schemes with London’s Haringey, for example, where the rates of most high street shops have increased by 20% to 30%, considering giving preference to small, medium and independent firms.
Mark Rigby, chief executive of business rent and rates specialists CVS, said it was important that councils acted quickly as businesses were already paying higher rates. “I would now urge councils across England to expedite the distribution of this relief to those firms hardest hit by the revaluation with business rates bills having already been sent out and the first tax instalment having been collected,” he said.
By Zoe Wood
Tesla's audacious timeline has left many current owners worrying about wait times throughout the company’s U.S. Supercharging network. Well, Tesla has a plan.
(qlmbusinessnews.com via bbc.co.uk – – Mon, 24 Apr, 2017) London, Uk – –
Plans by the Conservative Party for a cap on household energy bills will lead to fewer benefits for consumers, says one of the UK's biggest providers.
A cabinet minister said the Tories planned to intervene in the energy sector "to make markets work better".
But Scottish Power, one of the "Big Six" energy firms, told the BBC that the move would "stop competition" and "damage customers in the long run".
Shares in energy firms were hit by the proposed price cap.
British Gas owner Centrica fell about 5% and SSE was down more than 3% in early trading.
The energy industry has reacted with scepticism to the plan, saying it could lead to higher prices.
Labour said the proposal should be taken with "a pinch of salt", adding that energy bills had "soared" under a Conservative government.
'Dangerous' energy idea finds its time
Tories to promise cap on energy bills
Speaking to the BBC, Scottish Power's chief corporate officer, Keith Anderson, said: "If you put a cap on prices, you actually stop competition. That's the danger of price intervention."
When companies do not compete as much, that tends to lead to fewer benefits for customers, he said.
He added that if the Conservatives did intervene, it would be better to abolish standard variable tariffs.
About 800,000 of the poorest pensioners and 1.5 million low-income families with children are on standard variable tariffs, according to Citizens Advice.
These households are paying an average of £141 more a year for a dual-fuel gas and electricity bill than if they were on the cheapest deal, it said.
Defence Secretary Sir Michael Fallon defended the Conservative's intention to impose a cap on energy prices.
"We wanted to see more competition, we wanted to see more people able to switch between energy users," Sir Michael told the BBC.
"That over the last three or four years has not happened. This is a market that is not working perfectly and therefore we are intervening to make markets work better," he added.
Co-leader of the Green Party Jonathan Bartley said the policy did not go far enough and he wanted more local choices of supplier for consumers.
But trade association body Energy UK said a cap could risk "billions in investment and jobs".
British Gas parent firm Centrica and fellow supplier E.On have both said market competition is essential.
Price comparison site uSwitch.com said that previous interventions in the energy sector had led to lower switching rates and higher prices.
(qlmbusinessnews.com via telegraph.co.uk – – Mon, 24 Apr, 2017) London, Uk – –
Shares in luxury shoe maker Jimmy Choo surged by 8pc in morning trade after it unveiled plans to put itself up for sale.
The London-listed company – made famous as the brand of choice for Sex & The City character Carrie Bradshaw – is to conduct a review of “the various strategic options open to the company to maximise value for its shareholders”, including a sale.
It has invited interested parties to make themselves known to its bankers, Bank of America Merrill Lynch or Citi.
“There can be no certainty that an offer will be made, nor as to the terms on which any offer will be made,” the company added.
JAB Luxury GmbH, part of the investment arm of the billionaire Reimann family, owns 67pc of Jimmy Choo and declared itself supportive of the plan.
The fashion brand said it had not received any approaches to buy the company prior to making its announcement.
Shares rose 8pc to 182p in London, above its close price of 168p on Friday and giving the fashion brand a market value of £690m.
Jimmy Choo floated on the stock exchange in October 2014 at a price of 140p a share.
The company has faced challenging conditions in the luxury retail market since its initial public offering, with one broker describing 2015 as “a year to forget” for Jimmy Choo. But it rebounded in 2016, with its share price climbing back over the level at which it floated.
Revenues grew 14.5pc in the year ending December 31, 2016, to £364m, but pre-tax profits slumped 20pc to £17.7m, mainly due to a foreign exchange loss, caused by the fall in sterling.
Jimmy Choo, which was founded in 1996, has in recent years branched out into high-end male footwear, a growing part of the market.
“Globally, retail sales of men’s designer footwear have grown marginally faster than women’s designer footwear over the last three years, so it is easy to see why Jimmy Choo has expanded into this male segment,” said Euromonitor.
Jimmy Choo has also been outpacing its fashion rivals, the analyst added. “For now, everything seems to be going well – with the brand outperforming its rivals and bucking the trend in China.”
By Jon Yeomans
In this Tony Robbins video, we'll take a look back at some of the best footage of him out there, soaking up his advice to improve our lives and increase our success.
Anthony ‘Tony' Robbins is an American motivational speaker, self-help author, philanthropist, and advisor to stars like Oprah, who became well known from his infomercials and self-help books.
He's done interviews with big names like Wayne Dyer, Marie Forleo, and Frank Kern, and as of 2013, Forbes estimated his net worth at $480 million dollars.
He raises people's standards in health, business, and relationships and is a big proponent of rituals that change our state.
Top 10 hotel chains for business travel
On your next business trip be sure to keep these hotel chains in mind.
Located in the Brooklyn Army Terminal on the west side of the borough, Lowercase NYC has its sights set on bringing eyewear manufacturing back to the United States one pair at a time.
The whole world is now in your browser. Fly through landmarks and cities like London, Tokyo and Rome in stunning 3D, then dive in to experience them first hand with Street View. See the world from a new point of view with Voyager, which brings you stories from the BBC, NASA, Sesame Street and more.