Many strikes have occurred at foreign-invested leather and footwear companies. Photo for illustration. — VNA/VNS Photo Danh Lam HÀ NỘI — More than 80 per cent of strikes in the first half of the year occurred at FDI enterprises, the Vietnam News Agency has reported. According to a report from the Ministry of Labour, Invalid and Social Affairs (MoLISA), as many as 67 strikes occurred in the past six months, a drop of one compared to the same period last year. FDI enterprises from South Korea and Taiwan (China) accounted for 16 protests each, while the number at companies from mainland China totalled 10. Strikes at private enterprises made up the rest with 17.9 per cent. Most strikes took place in labor-intensive businesses, led by the garment sector with 28.36 per cent and the leather and footwear sector with 19.4 per cent. Nearly 90 per cent of protests … [Read more...] about Most labour strikes occur at FDI enterprises: report
Last week, car-sharing service Uber went public and Beyonce is rumored to have scored big money as a result. People magazine reports that Queen Bey received $6 million in restricted stock units (RSUs) from Uber co-founder Travis Kalanick to perform at an event. With the IPO, speculations abound that she made $300 million from her shares. MarketWatch calls Uber’s IPO, “the biggest in years” and that the company “raised more than $8 billion”; the IPO still fell short of an expected valuation of $100 billion. Beyoncé Giselle Knowles-Carter has proven time and time again that there is nothing that she cannot do. At 37, the multifaceted entertainer has earned 23 Grammy wins, the 2019 Vanguard Award at the GLAAD Media Awards with her husband Sean “Jay-Z” Carter, and her second Entertainer of the Year Award at this year’s NAACP Image Awards. Yet, in spite of her mounds of success and accolades, the mother of three doesn’t seem to be … [Read more...] about Reports: Is Bey $300 Million Richer from Uber IPO?
General Electric jumped as much as 7% early Wednesday after reportedly filing a confidential initial public offering for its health care unit, GE Healthcare. GE is likely to publicly file for the IPO in the spring, Bloomberg reported. The stock is down 57% this year, and trading just above its 2018 low. General Electric shares jumped as much as 7% early Wednesday after reportedly filing a confidential initial public offering for its health care unit, GE Healthcare, in a spin-off that would form one of the world’s largest healthcare companies. GE will likely publicly file for the IPO in the spring, Bloomberg reported, citing people familiar with the matter. Bloomberg calculated that the healthcare company, once spun off, would boast an enterprise value in the range of $US65 billion to $US70 billion. GE is working with investment banks Goldman Sachs, Bank of America, Citigroup, JPMorgan, and Morgan Stanley on the IPO plans, according to Bloomberg’s report. The reported … [Read more...] about General Electric jumps after reportedly filing a confidential IPO for its healthcare unit
Chief executive of NWES Kevin Horne retired in April. He said he was unable to comment on the report. Picture: ANTONY KELLY Archant Norfolk 2018 An enterprise agency has refused to comment on claims staff enjoyed free holidays at a villa owned by two of its ex-directors - who then tried to bill the agency for the stays. Staff at NWES enjoyed free holidays billed to NWES at a villa in this complex in the south of France owned by NWES' boss Kevin Horne. Photo: GoogleKevin Horne, ex-chief executive of Norfolk and Waveney Enterprise Services (NWES) and ex-director John Balch, billed NWES for the holidays, with rent collected through their firm called Beacon Property Investments, according to claims in a BBC report.But the new board at NWES halted the payments after discovering them in April this year and began an investigation. Today a Norwich MP has raised concerns about what happened.NWES, which has an office on Rouen Road, Norwich, refused to answer our questions about how much money … [Read more...] about Questions for enterprise agency over claims staff took free holidays at boss’ luxury French villa
(Reuters) - Motiva Enterprises has preliminarily been chosen by the government of Curacao to operate the 335,000-barrel-per-day Isla refinery, replacing Venezuela’s state-run PDVSA, local media said on Saturday. FILE PHOTO - A general view shows the Isla refinery in Willemstad on the island of Curacao, April 22, 2018. REUTERS/Andres Martinez Casares The refinery has been idle since May when a legal dispute between PDVSA and U.S. producer ConocoPhillips (COP.N) forced its closure. PDVSA’s contract to run the facility, which is crucial for its storage, refining and shipping operations, will expire at the end of 2019. The government of the Caribbean island is seeking a company willing to handle it in the long run and probably also to finish the lease term next year. Motiva, based in Houston, was chosen by Curacao from a list of interested firms as the “preferred bidder” to run the refinery from 2020 or possibly before, if a separate agreement is … [Read more...] about Motiva preliminarily picked to run Curacao refinery: report