Business

EU leaders will block Sturgeon’s ‘impossible’ demands for a special Scottish Brexit

Jeff J Mitchell / Getty Scotland’s First Minister Nicola Sturgeon Spain would block any attempt by Scottish First Minister Nicola Sturgeon to keep her country in the European Single Market if the rest of the UK leaves, according to a leading Spanish MEP. Esteban Gonzalez Pons leads the Spanish delegation of MEPs in the European Parliament’s largest political grouping, the European People’s Party. He told the Telegraph that Sturgeon’s single market demands were “impossible.” Scotland voted to remain in the EU by a margin of 62% to 38%. Sturgeon, who leads the ruling Scottish National Party (SNP), believes this gives her the mandate to push for a ‘soft’ Brexit and keep the country in the single market, a free-trade agreement between countries within the European bloc. But Pons said that cutt...

‘Disproportionate’: Theresa May’s plans to rein in CEO pay are facing criticism

PA Images/Jonathan Brady Prime Minister Theresa May speaking to the Confederation of British Industry (CBI) annual conferenc LONDON – Prime Minister Theresa May is facing criticism over her plans to reform executive pay. May’s proposal to introduce binding shareholder votes on CEO pay every year for each company “is a disproportionate response” to the problem of high executive remuneration, a report from research group Big Innovation Centre said on Friday. The report, backed by Andy Haldane, the Bank of England’s chief economist, said the policy “would be likely to have many negative unintended consequences.” It also criticised plans to publish pay ratios between CEOs and average employees, saying it does not account for natural disparities in pay in industries such as retail. The report s...

HSBC: These are the 3 biggest mistakes people are making about the Italian referendum

Reuters/Stefano Rellandini Italy’s upcoming constitutional referendum, in which the country will vote on a series of changes to the way Italy’s institutional frameworks are structured, is one of the biggest political events in Europe in 2016. In the eyes of most commentators, the result is unlikely to be as seismic a shock to the continent as the UK’s Brexit vote or Donald Trump’s presidential victory, but it is a nonetheless significant event. The vote — which will be held on December 4 — is now just over a week away, but people are still getting lots wrong about the implications of the result. So says Fabio Balboni, European Economist at HSBC in his latest note, circulated to clients on Friday. Here are the three things Balboni things people misunderstand about the referendum and its out...

Apple’s Black Friday: Free gift cards up to £120 when you buy stuff at full price

Apple Apple’s one-day shopping event is today. Apple’s pre-announced Black Friday event is here, and it’s offering free Apple gift cards worth up to £120 when you buy selected Apple products at full price for today only. After opting out of Black Friday last year, the deals are more than what people might have been expecting, but the best discounts on Apple products are still through third-party retailers. Here’s the breakdown: MacBooks: Get a £120 Apple Gift Card when you buy a Mac computer, ranging from the cheapest MacBook Air model (£949) to the newest MacBook Pro’s (£1,249-£1,899), or the newest iMacs (£1,049-£1,449). iPads: Get an £80 Apple gift card when you buy one of three iPads, the Mini 4 (£369), the Air 2 (£379), or the Pro (£549). iPhones: Get a £40 Apple gift card when you bu...

John Major: Brexit process must avoid ‘tyranny of the majority’

Reuters LONDON — The 48% of people who voted to remain in the European Union must be represented in the Brexit process, former Prime Minister Sir John Major said. He also criticised the “flavour of bigotry” of the campaign to leave the EU in June, calling it “shameful,” in remarks reported by The Times. “I hear the argument that the 48% of people who voted to stay should have no say in what happens,” he said. “I find that very difficult to accept. The tyranny of the majority has never applied in a democracy and it should not apply in this particular democracy,” Major said on Thursday. His remarks come a few days after Chancellor Philip Hammond’s laid out the damage Brexit will do to the UK economy in his Autumn statement. Hammond presented the latest forecasts from the Office for Budget Re...

‘There is absolutely no bluffing’ that EU leaders will push for a hard Brexit

Reuters European Council President Donald Tusk welcomes Malta’s Prime Minister Joseph Muscat ahead of a meeting in Brussels, Belgium, November 16, 2016. LONDON — The European Union is not “bluffing” when it says it will push Britain into a “hard Brexit” — stripping the UK’s membership of the 27-nation single market — if Prime Minister Theresa insists in opting out of freedom of movement, says the prime minister of Malta. Joseph Muscat told the BBC says that the expectations May’s cabinet, specifically Foreign Secretary Boris Johnson’s expectations of staying in the single market while also placing restrictions on the freedom of movement for EU citizens is “just not happening.” It is worth noting that Malta assumes EU presidency in January 2017 so Muscat will become even more of a prominent...

Law professor: The government will ‘fail’ in the Article 50 Supreme Court case

Bloomberg Gina Miller, the lead claimant in the case against the UK government. The Supreme Court will rule next month whether Theresa May must secure parliamentary approval before invoking Article 50 and taking the UK out of the European Union. Three of the UK’s most senior judges ruled that it would be unlawful for the prime minister to trigger Britain’s exit from the EU without first consulting MPs at a High Court case earlier this month. However, the government opted to appeal the verdict, meaning the case will be revisited by the UK’s most powerful court on December 5-8. It’ll be the first time that the court has sat in full since its creation in 2009. The stakes could not be higher. If the government’s appeal is upheld, May will be able to invoke Article 50 without first passing an a...

The 19 European universities which produce the most employable graduates

Kim Traynor/CC 3.0 Times Higher Education published its annual “Global University Employability Survey,” a ranking of universities that turn out graduates with the best job prospects. While US universities dominated the very top of the list, the overall ranking had a huge amount of European institutions near the top too. The global list was based on a survey of recruiters and managing directors from senior companies, and took into account a variety of factors which are deemed to make a graduate employable. Those skills were professional experience, a high degree of specialisation, proficiency in at least two foreign languages, extracurricular activities, an excellent academic record, and graduation from a “top” university. Business Insider took a look at the European universities on the li...

American shoppers are about to answer a $655 billion question about Trump’s economy

AP Images The election of Donald Trump as the next US president filled many Americans with a sense of uncertainty. As the holiday shopping seasons kicks off with Black Friday, the country is about to get an answer to a crucial question: what happens to the retail industry now that Trump has been elected? This year, sales in the holiday shopping season of November and December, excluding cars, gas, and restaurant sales, are expected to hit $655.8 billion, the National Retail Federation reported in October. That’s an increase from $626.1 billion in sales last year. However, this prediction was made a month before Election Day. With Donald Trump’s win, there have been concerns on how the president-elect will impact shoppers’ behavior. Prior to the election, many said Trump’s unpredictable nat...

We went to Walmart for Black Friday — and it was nothing like we expected

Walmart’s Black Friday sales are wildly popular — so popular, in fact, that they have led to massive crowds in stores every year, brawls over merchandise, and tragically, the death of a worker in 2008 after he was trampled by shoppers at a Long Island, New York store. When we visited a Walmart store in Dublin, Georgia, on Thursday at the start of the retailer’s doorbuster sales, we expected to find chaos. Here’s what we saw instead. We arrived five minutes before the start of the doorbuster sales, which kicked off at 6 p.m. There were tons of people in the store, but it was shockingly calm. The general mood was far from the frantic one we expected. Everyone was pretty quiet — and strangely serious. No one was fighting over merchandise or seemed to be in any rush. Foot traffic throughout th...

These brothers are going to make a small fortune after correctly predicting the hottest holiday toy

Emma Fierberg Two Arizona brothers are in the position to make thousands of dollars after betting that the robotic hatching toys, Hatchimals, would become this year’s hottest gift of the holiday season. Mike and Stan Zappa spent $5,000 on 50 Hatchimals in early October, hoping to turn a profit reselling the toys to parents searching for the gift, reported CNN. A month an a half later, Hatchimals have established themselves as this year’s Tickle-Me-Elmo — a toy that kids across the US want, and that parents are struggling to find. The brothers have sold 30 Hatchimals on eBay so far, recouping their full $5,000. While the original retail price of the toys was $50, today, eBay says that the average selling price is $132, with a range from $81 to $196. So, the Zappas are in the position to mor...

This career fair helps recruiters find top talents using the speed dating format – no kidding!

Job portal WOBB will be launching its Awesome Career Fair tomorrow, November 26, after rave reviews from recruiters at the fair’s last installment in June. The event tomorrow features 20 companies which will set out to meet and mingle with 200 talented jobseekers. Unlike conventional career fairs, the Awesome Career Fair is usually held at a hangout spot smack in the middle of the capital city and it is a close-door event with only shortlisted candidates and select recruiters, creating a more controlled environment. The June fair also saw WOBB adding a new twist to recruiting with its “speed dating” theme where candidates were required to prepare two-minute elevator pitches. If you are keen on participating in the event, check out the Awesome Career Fair page. Read more stories on Business...

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