Uber Appoints Expedia Dara Khosrowshahi as its New CEO

 

In what has come as a surprise to some, sources report Uber is to appoint Expedia Inc CEO Dara Khosrowshahi as its chief executive.

The new head of the ride services company will be tasked with turning around its image and revenues after seven years of losses.

The 48-year-old would replace Uber co-founder Travis Kalanick. He was ousted as CEO in June amid rising concern over his behaviour and that of senior managers.

Google Chrome to mark HTTP sites ‘Not Secure’ from October

(qlmbusinessnews.com via wordtracker.com – – Tue, 29 Aug 2017) London, Uk – –

Google says its Chrome browser will mark HTTP websites with input fields (such as contact forms or those that require login details) as not secure, starting later this year.

The search engine gave notice of this a few months ago but has now taken the step of formally notifying webmasters who will be affected as the change gets closer.

The notification said, “Beginning in October 2017, Chrome will show the ‘Not secure’ warning in two additional situations: when users enter data on an HTTP page, and on all HTTP pages visited in Incognito mode.”

The notifications were sent to webmasters via Google Search Console. Sites that are HTTP and have credit card fields and require passwords are already marked as not secure. The additional two scenarios represent a gradual increase of the security protocol, with Google saying in its official post that its efforts have already resulted in a 23% reduction in the “fractions of navigation to HTTP pages with passwords or credit card forms on desktop”.

When the new warning kicks in, HTTP sites will have a ‘Not Secure  label displayed in the address bar as shown below:

Emily Schechter from the Google Chrome Security Team said more actions should be expected in future, remarking, “Eventually, we plan to show the “Not Secure” warning for all HTTP pages, even outside Incognito mode. We will publish updates as we approach future releases, but don’t wait to get started moving to HTTPS! HTTPS is easier and cheaper than ever before, and it enables both the best performance the web offers and powerful new features that are too sensitive for HTTP.”

If your site is currently a HTTP domain, you will need to migrate to HTTPs before October to avoid your web traffic being warned off visiting your site.

You can find a full guide to migrating to HTTPs along with the benefits of doing so in our blog post The Essential Guide to Migrating Your Website To HTTPS.

By Rebecca Appleton

Wall Street’s oldest steakhouse ultra-decadent secret ‘billionaire menu’

 

Just a few short blocks from the New York Stock Exchange, another Wall Street institution sits at its centuries-long perch at the triangular intersection of William and Beaver streets.

Delmonico's is widely considered to be one of the very first sit down restaurants in America, born at a time when New York offered little more than taverns and oyster cellars. Culinary mainstays like eggs benedict and baked Alaska were invented in their kitchen.

While Delmonico's is (rightly) renowned for its steak offerings, Executive Chef Billy Oliva tipped us off to several decadent items that aren't on the printed menu. Skip the dining room and head straight to the bar to ask the bartender for these secret items like a $100 grilled cheese or a $50 cookie.

Delmonico's is celebrating its 180th anniversary in September in style, offering a 180-day dry aged steak for a whopping $380.

25 of the Most Amazing Beaches to Add to Your Bucket List

25 places to add to your bucket list. Be sure to visit some of these amazing and beautiful beaches!

8- Navagio Beach, Greece – Also known as Smuggler’s Bay or Shipwreck Cove, this beach in Greece is picture perfect and has a very unique feel. That’s because, what is believed to be a shipwreck cigarette smuggling ship adorns the beach. This beach is very secluded, and you need to get a taxi-boat to get there.

7- Whitehaven Beach, Queensland, Australia – And speaking about secluded – this beach takes the cake. You can only access this pristine beach by registering with a tour guide, and even then you are only allowed entry for a few hours. The sand of Whitehaven Beach is really something special – it’s 98% pure silica, translation: you’d be hard-pressed to find a whiter beach.

6- Balos Beach, Greece – The colors of the water at Balos Beach are to die for. A swirl of pink, blues and turquoise make this beach’s waters some of the most beautiful in the world. Off the coast of Crete, this beach can get a bit smelly due to microorganisms in the muddy shallow water. But we would have to say that, for this kind of postcard perfection, it’s definitely worth it.

5- Rabbit Beach, Italy – When you look at Rabbit Beach, located in Lampedusa Italy, it’s hard to believe a place so beautiful actually exists. But, exist it does – and between the pure white cliffs, crystal clear waters and perfect weather – this beach is about as picture perfect as they come.

4- Grace Bay, Turks and Caicos Islands – The marine life at this beach is a must-see for any amateur Jacques Cousteau’s out there. A coral reef protects the beach and this is where many species of ocean life call home. If relaxing on the beach is more your speed, luckily it’s the perfect place for that, too.

3- Tulum, Mexico – This is definitely the perfect beach for anybody who likes a little something extra while on vacation. While visiting Tulum, you’ll be swimming in the shadow of ancient Mayan ruins. The beach is set right below a Mayan archeological ruin that hangs off the edge of a cliff. Talk about a view! And the smooth sand, blue-green waters and exceptional diving aren’t so bad either!

2- Anse de Grande Saline, St. Barths – This is the one and only nudist beach appearing on this list – although nudity is technically banned in St. Barth’s, this beach seems to be the exception to that rule. Although there’s little shade, the view from the beach of crystal clear waters and a perfect blue sky are totally worth it. There’s even an area behind the beach that is home to tropical birds.

1- Cabbage Beach, Paradise Island, Bahamas – Paradise Island is the perfect name – Cabbage Beach, not so much – but names aside, Cabbage Beach is definitely one of the most breathtaking beaches in the world. Because of its beauty, it does tend to get touristy, but take a quick walk down the beach and you can have that quiet moment you’ve been looking for.
What’s the most amazing beach you’ve ever been to? Let us know in the comments below! Don’t forget to like and subscribe to our channel for more videos like this one! Thanks for watching!

UK Supermarket Shares Slip As Amazon Unveil Wholefoods Price Cuts

(qlmbusinessnews.com via news.sky.com- – Fri, 25 Aug 2017) London, Uk – –

The online giant will complete its takeover of the upmarket chain on Monday and its plans have already hit shares of big grocers.

UK supermarket shares have taken a hit after Amazon said it was planning a round of price cuts when it completes its $13.7bn takeover of upmarket grocery chain Whole Foods.

Tesco was the biggest faller on London's FTSE 100 Index in early trading on Friday, slipping by nearly 2% – while rivals Morrisons and Sainsbury's dropped by more than 1%.

Marks & Spencer, which has its own high-end food division, fell by 1%.

Amazon's takeover of Whole Foods leaves supermarket chains around the world facing a new challenge from the world's biggest online retailer.

In France, Carrefour shares fell 2%. On Thursday, shares in Kroger, the biggest US supermarket operator, had closed 8% lower while Walmart – the world's biggest retailer – fell 2%.

Whole Foods, which has 460 stores, mainly in the US, will start offering lower prices on a range of products when its takeover by Amazon completes on Monday.

In the UK, where it has nine stores, there will be reductions on organic lines such as avocados, eggs, salmon and kale.

Jeff Wilke, chief executive of Amazon Worldwide Consumer, said: “We're determined to make healthy and organic food affordable for everyone.”

Amazon also said it would start selling Whole Foods brand products on its website, a move that hit shares in packaged food sellers such as Kellogg.

That move will also affect the UK, where AmazonFresh delivers to 302 postcodes across London and the South East.

The S&P 500's food retail index fell 5%, wiping more than $10bn off the value of big food sellers.

Experts said the price cuts were in line with Amazon's broader strategy of sacrificing short-term profits for long-term market dominance.

But Roger Davidson, president of consulting firm Oakton Advisory Group, said: “It does not look like they will go kamikaze on pricing.

“They will lower prices on consequential items to drive traffic and sales but not do a whole store price reduction which could really damage gross margin.”

By  John-Paul Ford Rojas

Spotify Closer to IPO as it Strikes Deal With Warner Music

(qlmbusinessnews.com via telegraph.co.uk – – Fri, 25 Aug 2017) London, Uk – –

Spotify has taken a major step towards a public listing after agreeing a long-term licensing deal with Warner Music Group.

The music streaming service’s agreement with Warner, one of the world’s biggest record labels, follows more than two years of negotiations.

“It has taken a while to get here,” said Warner’s chief digital officer Ole Obermann. “But it has been worth it, as we have arrived at a balanced set of future-focused deal terms”.

Spotify has now struck deals with leading record labels Sony, Universal and Warner, and could float on the New York Stock Exchange by the end of the year. It has been reported that the company will not have an initial public offering when it does go public.

Spotify continues to grow ahead of rivals Amazon and Apple, and last month reached 60m paying customers.

However, its net losses more than doubled last year, despite a 50pc increase in revenues, due to a rise in royalty and distribution fees.

The nature of the deal with Warner was not outlined, but it is likely to include concessions from Spotify that allow the labels to restrict certain songs from the service for a limited amount of time.

“Our partnership with Warner Music Group will help grow the new music economy where millions of artists can instantly connect with fans, and millions of fans can instantly connect with artists,” Stefan Blom, Spotify’s chief content officer, told the BBC.

Earlier this year, Spotify bolstered its board by recruiting four new directors ahead of the long-awaited float.

The appointments included former Walt Disney chief operating officer Tom Staggs, who was widely tipped as a future Disney chief executive.

By Sam Dean

Google and Wal-Mart Teaming up to Beat Amazon at its own game

 

It's more Battle of the Titans than David and Goliath: Wal-Mart, the world's biggest retailer, and internet giant Google are teaming up in an attempt to beat Amazon at its own game.

Amazon has long dominated global e-commerce across multiple sectors, and recently muscled in on the online groceries market, “paying 12.5 billion euros” for organic food retailer Whole Foods.

Ford to Launch Car Scrappage Scheme in Britain

(qlmbusinessnews.com via uk.reuters.com — Tue, 22 Aug 2016) London, UK —

LONDON (Reuters) – Ford on Tuesday became the latest carmaker to launch a car scrappage scheme in Britain, joining the likes of BMW and Mercedes-Benz, after months of procrastination from the government over whether to begin a national program.

The U.S. automaker is offering customers a 2,000 pound discount off a range of many Ford models when they trade in their vehicles registered until the end of 2009.

BMW, Mercedes-Benz and Vauxhall, the British version of the Opel brand sold on the continent, have all launched similar schemes in recent weeks to incentivize motorists to reduce emissions by replacing their gas-guzzling models with greener cars.

The plans come after Britain once again delayed in July a decision over whether to introduce a nationwide or targeted vehicle scrappage scheme, with a consultation due to take place later this year, despite worries over emissions levels.

“Ford shares society's concerns over air quality,” its managing director in Britain Andy Barratt said on Tuesday.

“Removing generations of the most polluting vehicles will have the most immediate positive effect on air quality.”

Ford, BMW, Vauxhall and Mercedes sell around 1 million cars in Britain, more than a third of all new car registrations.

The scrappage schemes will help support sales at a time when demand for new cars is beginning to slide substantially for the first time in around six years.

In July, new car registrations fell for the fourth consecutive month in a row, hit by a number of factors including uncertainty over Brexit and lack of clarity over future government plans around new levies on diesel models.

Britain's last government-backed scrappage scheme came in the wake of the financial crisis and ran for nearly a year from mid-2009, helping to support the car sector, which had been hit by nose-diving sales.

By Costas Pitas

Total to Buy Maersk’s oil and gas business in $7.45 billion deal

(qlmbusinessnews.com via uk.reuters.com — Mon, 21 Aug 2017) London, UK —

PARIS/COPENHAGEN (Reuters) – Total (TOTF.PA) is buying Maersk's oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow.

For Danish company A.P. Moller Maersk (MAERSKb.CO), the sale of Maersk Oil, with reserves equivalent to around 1 billion barrels of oil, fits with a strategy of focusing on its shipping business and other activities announced last year.

The world's top oil companies have been back on the takeover trail over the last year, helped by signs of a recovery in the oil market.

Total expects its biggest oil deal since it acquired Elf in 2000 to generate financial synergies of more than $400 million per year, in particular by combining assets in the North Sea.

Total has been betting on new rather than mature fields in the North Sea and the acquisition gives it further economies of scale by making it the second largest player in the region.

The deal illustrates Total's strategy of using a strong balance sheet to acquire attractive assets from competitors having emerged from the prolonged oil downturn stronger than some of its rivals.

“It was time for us to do what a real oil and gas company would do in a period such as this when prices are lower and costs are down. Either launch new projects or acquire new reserves at attractive prices,” Total Chief Executive Patrick Pouyanne told reporters.

The purchase also signals some oil majors are prepared to invest to replenish reserves and boost production, anticipating an oil price recovery. With current prices of $50 per barrel most majors are simply struggling to balance their books.

ALTERNATIVE TO FLOAT

Pouyanne said that Total had proposed a deal to Maersk as an alternative to floating the business.

“There was a debate within Maersk and they finally accepted given that it was attractive and also the fact that an IPO in a tense oil market would not be a right move,” he said, adding that no other oil major was bidding for the assets.

Under the terms of the deal, A.P. Moller Maersk will get $4.95 billion in Total shares and Total will assume $2.5 billion of Maersk Oil's debt.

Maersk said it plans to return a “material portion of the value of the received Total S.A. shares” to shareholders in 2018 and 2019 in the form of extraordinary dividend, share buyback or distribution of shares in Total.

Soren Skou, who took charge of Maersk last year, has embarked on a major restructuring to concentrate on its transport and logistics businesses and separate its energy operations in the face of a drop in income.

Skou said he had not decided whether to take up the offer of a seat on the Total board.

Analysts at Jefferies said the price was 5 percent ahead of its estimates and 18 percent more than consensus of $6.3 billion.

AP Moller Maersk shares were up 3.7 percent by 0900 GMT while Total shares dipped 0.7 percent.

The Danish oil company has access to high-quality fields in the Norwegian and UK North Sea.

Maersk has a 8.44 percent stake in the giant Johan Sverdrup project led by Norway's Statoil (STL.OL) which is expected to start pumping 440,000 barrels per day in 2019, rising to 660,000 bpd by 2022.

Maersk is currently developing the Culzean gas field which is expected to start production in 2019 and which could supply up to 5 percent of Britain's gas demand.

Maersk lost a long-standing agreement to operate Al-Shaheen in Qatar to Total last year, but is according to media reports in talks with Iran to develop the oil layer of the South Pars field, which is an extension of the Qatari field.

Total last month signed a major deal with Iran to develop the gas part of South Pars.

Total also said it was investing $3.5 billion over five years in Qatar's offshore Al Shaheen oilfield .

By Bate Felix and Jacob Gronholt-Pedersen

Additional reporting by Sudip Kar-Gupta, Karolin Schaps, Stine Jacobsen and Jacob Gronholt-Pedersen

5 Things Successful People Never Say

 

Thinking about giving up that lightbulb moment idea, think again. When you believe you have truly run out of steam maybe there might be just one little thing you may not have thought of. So in order to achieve that goal here are five things true successful entrepreneurs never let enter into their vocabulary.

 

Harmonie Krieger, Founder of Pop Your Shop, Success Story

 

Harmonie Krieger, Founder of Pop Your Shop, says you have to be nuts. You have to love what you do. You have to change your mindset in order to be a good entrepreneur.

Starting a business is TOUGH. Wanting to give up everyday is not a crazy thing, you have to power through it. Harmonie's advice: change the way you think. She was so overwhelmed, didn't know where to begin, couldn't relax. So she started with deep breaths, self-help books, and changing her mindset.

Harmonie believes determination, being hungry, and having the drive are fundamental for success. “Just go for it, just keep going because if you stop, the hustle stops. The passion dies. You don't have it anymore… It doesn't matter what the hustle is, it just matters that you move forward.”

She talks about the importance of allocating the things you aren't good at to other people, so that you don't spend more time on the things you can't really do well.

Last words of advice: Find a mentor. Ask for help.

The Worlds 10 Coolest Cinemas to Watch A Movie

 

10 Best Looking & Coolest Cinemas You Will Want to See a Movie
when's the last time you went to see a movie at the cinema? How was the experience? Did it raise up to the expectation?
This video takes a look at some of the coolest cinema concepts in the world where going to the movies is more than ordinary.

The Department Store Evolution and How They Changed The Way We Shop

(qlmbusinessnews.com via uk.businessinsider.com – – Sat, 19 Aug 2017) London, Uk – –

“No, I'm just looking.” Words most of us have said when approached politely by a sales assistant while browsing in a shop. Most of us will not have then experienced the sales assistant snarling: “Then ‘op it, mate!”

Hearing those words in a London shop made quite an impression on Harry Gordon Selfridge.

The year was 1888, and the flamboyant American was touring the great department stores of Europe – in Vienna, Berlin, the famous Bon Marche in Paris and then Manchester and London – to see what tips he could pick up for his then-employer, Chicago's Marshall Field.

Field popularised the phrase “the customer is always right”. Evidently, not yet the case in England.

Two decades later, Selfridge was back in London, opening his eponymous department store on Oxford Street – now a global destination for retail, then an unfashionable backwater, but handily near a station on a newly opened Tube line.

Selfridges caused a sensation, partly due to its sheer size: the retail space covered six acres (24,000 sq m).

Attitude

Selfridge also installed the largest glass windows in the world – and created, behind them, the most sumptuous shop displays.

But more than scale, what set Selfridges apart was attitude.

Harry Gordon Selfridge introduced a whole new shopping experience, one honed in the department stores of late-19th Century America.

“Just looking” was positively encouraged.

As he had in Chicago, Selfridge swept away the previous custom of stashing merchandise behind locked glass doors in cabinets, or high up on unreachable shelves.

Instead, he laid out the open aisle displays we now take for granted, where you can touch a product, pick it up, and inspect it from all angles, without a salesperson hovering by your side.

In the full-page newspaper adverts he took out when his store opened, Selfridge compared the “pleasures of shopping” to those of “sightseeing”.

Shopping had long been bound up with social display.

The old arcades of the great European cities, displaying their fine cotton fashions – gorgeously lit with candles and mirrors – were places for the upper classes not only to see but to be seen.

Selfridge had no truck with snobbery or exclusivity. His adverts pointedly welcomed the “whole British public”: “No cards of admission are required.”

‘The bottom of the pyramid'

Management consultants nowadays talk about the fortune to be found at the “bottom of the pyramid” – Selfridge was way ahead of them. In his Chicago store, he appealed to the working classes by dreaming up the concept of the “bargain basement”.

Selfridge did perhaps more than anyone to invent shopping as we know it. But the ideas were in the air.

Another trailblazer was an Irish immigrant named Alexander Turney Stewart. Stewart introduced New Yorkers to the shocking concept of not hassling customers the moment they walked through the door, a novel policy he called “free entrance”.

AT Stewart and Co was among the first stores to practice the now-ubiquitous “clearance sale”, periodically moving on old stock at knockdown prices to make room for new.

Stewart also offered no-quibble refunds. He made customers pay in cash, or settle their bills quickly. Traditionally, shoppers had strung out their lines of credit for up to a year.

He also recognised that not everybody liked to haggle, with many welcoming the simplicity of being quoted a fair price, and being told to take it or leave it.

Stewart made this “one-price” approach work by accepting unusually low mark-ups. “[I] put my goods on the market at the lowest price I can afford,” he said, “although I realise only a small profit on each sale, the enlarged area of business makes possible a large accumulation of capital”.

This idea wasn't totally unprecedented, but it was certainly considered radical.

The first salesman Stewart hired was appalled to discover he'd not be allowed to apply his finely tuned skill of sizing up the customer's apparent wealth and extracting as extravagant a price as possible. He resigned on the spot, telling the youthful Irish shopkeeper he'd be bankrupt within a month.

Cathedrals of Commerce

By the time Stewart died, over five decades later, he was one of the richest men in New York.

The great department stores became cathedrals of commerce. At Stewart's “Marble Palace”, the shopkeeper boasted: “You may gaze upon a million dollars' worth of goods, and no man will interrupt either your meditation or your admiration.”

They took shopping to another level, sometimes literally.

Corvin's in Budapest installed a lift that became such an attraction in its own right that they began to charge for using it. In London, Harrods's moving staircase carried 4,000 people an hour.

In such shops, one could buy anything from cradles to gravestones.

Harrods offered a full funeral service. There were picture galleries, smoking rooms, tea rooms, concerts. The shop displays bled out into the street, as entrepreneurs built covered galleries around their stores.

It was, says historian Frank Trentmann, the birth of “total shopping”.

The glory days of the city centre department store have faded a little. With the rise of cars has come the out-of-town shopping mall, where land is cheaper.

Tourists in England still enjoy Harrods and Selfridges, but many also head to Bicester Village, a few miles north of Oxford, an outlet that specialises in luxury brands at a discount.

But the experience of going to the shops has changed remarkably little since pioneers such as Stewart and Selfridge turned it on its head. And it may be no coincidence that they did it at a time when women were gaining in social and economic power.

There are, of course, some tired stereotypes about women and their supposed love of shopping. But the evidence implies that the stereotypes aren't completely imaginary.

By Tim Harford

UK Watchdog Fine PWC £1.5m Over Auditing Misconduct

(qlmbusinessnews.com via Irishtimes.com – – Wed, 16 Aug 2017) London, Uk – –

Britain’s accounting watchdog has fined audit firm PricewaterhouseCoopers LLP a record £5.1 million (€5.6 million) and given it a severe reprimand after it admitted misconduct when auditing collapsed accounting firm RSM Tenon.

The Financial Reporting Council (FRC) said PwC and senior audit partner Nicholas Boden admitted a series of failures when they signed off RSM Tenon’s accounts for the year to June 2011.

“The admitted acts of misconduct include failures to obtain sufficient appropriate audit evidence and failures to exercise sufficient professional scepticism,” it said in a statement.

The FRC warned last month that accountants should challenge information provided by clients.

RSM Tenon, which had been listed on the London stock market, collapsed in 2013 and its assets were taken over by Baker Tilly.

The FRC said PwC’s misconduct was extensive, comprising five separate admitted acts in relation to the accrual of bonus payments, the accounting for a lease, the assessment of goodwill impairment and other aspects of the audit.

The FRC said PwC had to pay a fine of £6 million, reduced to £5.1 million after a settlement discount as well as a 500,000 pound contribution to the watchdog’s costs.

Boden, who was PwC’s senior audit partner for RSM Tenon, was fined £114,750 and given a severe reprimand.

PwC, one of the world’s top four accounting firms, said it accepted the FRC’s findings and was sorry that aspects of the audit carried out in 2011 fell short of professional standards.

“We continually review and update our audit processes in response to both internal reviews and external inspection findings. Audit quality is of paramount importance and our annual Audit Quality Reviews show year-on-year improvements,” PwC said in a statement.

In May, PwC was fined a then record £5 million over the way it checked the books of collapsed social housing maintenance company Connaugh

ALDI takes on Amazon by Launching US Online Grocery Delivery Service

(qlmbusinessnews.com via cityam.com – – Mon, 14 Aug, 2017) London, Uk – –

Aldi is ramping up its ambitions in the US and taking on retail giant Amazon in the process with a new venture into online grocery delivery.

The German discounter has partnered with Instacart, the US venture-backed same-day delivery startup, to get its products into customers' hands.

Not content with giving the likes of Tesco and Sainsbury's a run for their money in the UK, Aldi outlined its ambitions to become the third biggest grocery chain in the US in June.

And now, the Instacart partnership will bring groceries – including fresh fruit and veg – to customers in three US cities (Los Angeles, Atlanta and Dallas), in as little as an hour in an initial trial “with potential for future expansion”.

Five-year-old Instacart rivals Amazon Fresh and serves more than 30 states and cities in the US. The deal comes after Amazon's blockbuster $14bn takeover of Whole Foods.

Aldi launched home delivery in the UK for the first time last year for wine, furniture and other items, but not groceries.

By Lynsey Barber