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Showing posts with label 2017 at 05:52PM. Show all posts
Showing posts with label 2017 at 05:52PM. Show all posts

Saturday, July 1, 2017

Fire Auditors Early, CFOs Are Advised

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– David M. Katz
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CFOs thinking about firing their companies’ independent auditors for legitimate reasons, like dissatisfaction with the firm’s price or quality, might…
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Trump risks global trade war if he restricts imports of steel and aluminum | US news | The Guardian

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theguardian.com
– David Smith in Washington
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By invoking a rarely used law from the cold war era, Trump could limit imports of goods deemed critical to national defence and satisfy his ‘America first’ policy Chinese and European diplomats have warned Donald Trump against reported plans to restrict imports of steel and aluminum – a strategy that risks triggering a global trade war. By invoking a rarely used law from the cold war era, the US president could limit imports of goods deemed critical to national defence and satisfy the “America .  show all text
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@guardiannews on Twitter
@guardiannews: Trump risks global trade war if he restricts imports of steel and aluminum dlvr.it/PRRMDX
@BusinessDesk on Twitter
@BusinessDesk: Trump risks global trade war if he restricts imports of steel and aluminum d.gu.com/PRRMBz
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Forbes on Twitter: “Afghanistan’s all-girl teenager robotics team gets denied entry to the U.S., won’t be able to compete http://bit.ly/2sxGBIY http://bit.ly/2t2JZz5”

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“Afghanistan’s all-girl teenager robotics team gets denied entry to the U.S., won’t be able to compete http://bit.ly/2u9ZC6d;
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@marieforleo on Twitter
@marieforleo: Extremely fucked up on so many levels. This hurts my heart. http://twitter.com/Forbes/status/…
@moorehn on Twitter
@moorehn: Have we "figured out what the hell is going on" yet? Cuz it ain’t this. http://twitter.com/forbes/status/…
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Violent clashes erupt in Hong Kong as new leader Carrie Lam is sworn in

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Hong Kong police clashed with protesters on Saturday as Carrie Lam was sworn in as the city’s new leader on the 20th anniversary of its handover from British to Chinese rule.
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@Telegraph on Twitter
@Telegraph: Violent clashes erupt in Hong Kong as new leader is sworn in
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@TelegraphNews: Violent clashes erupt in Hong Kong as new leader Carrie Lam is sworn in http://bit.ly/2uawL1O; http://pic.twitter.com/SfATmuiH3y
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Sunday, June 4, 2017

Decoding GST: Supplying the term “Supply”

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Under GST regime taxable event has been codified as Supply. The term Supply has been defined under Section 7 of Central Goods and Services Tax Act, 2016 (CGST) and same is reproduced below for ease of reference.

June 04, 2017 at 05:44PM

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Monday, May 29, 2017

Warren Buffett takes 3 percent stake in Germany’s Lanxess

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Warren Buffett takes 3 percent stake in Germany's LanxessLanxess (LXSG.DE) disclosed on Monday that Berkshire Hathaway (BRKa.N), the conglomerate run by billionaire Warren Buffett, had acquired a 3 percent stake in the German chemicals maker. Lanxess shares jumped 2.9 percent to 65.06 euros by 0936 GMT after the news, even though the stock was trading without the rights to a 0.70 euro-per-share dividend for the first time. In a regulatory filing, Lanxess said that Berkshire Hathaway’s General Reinsurance subsidiary took a stake that reached just over 3 percent on May 19.

May 29, 2017 at 05:47PM

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Egypt’s finance minister cites bond sales as sign of confidence – Financial Times

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Financial Times
Egypt’s finance minister cites bond sales as sign of confidence
Financial Times
Egypt’s finance minister said investors were buying in to the crisis-hit country’s economic reform programme after its latest bond issue was nearly four times oversubscribed. Demand for Egyptian debt has increased since Cairo agreed to a series of …

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May 29, 2017 at 05:46PM

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BRIEF-Shriram Transport Finance Co approves allottment of NCDs worth 50 mln rupees – Reuters

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BRIEF-Shriram Transport Finance Co approves allottment of NCDs worth 50 mln rupees
Reuters
Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news …

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May 29, 2017 at 05:46PM

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A computer failure at British Airways causes chaos

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BRITISH AIRWAYS usually relishes the spring bank-holiday weekend, as families take advantage of the extended break to jet off somewhere pleasant. This year’s won’t end soon enough for the airline. A catastrophic computer failure on May 27th grounded over a thousand flights and caused chaos for flyers.  

The incident, which was reportedly related to a power failure rather than a cyber attack, will raise questions about the company’s IT system. But for those caught up in the turmoil, it will simply confirm how the service standards of this national airline have deteriorated. Indeed in some respects it showed a chilling disregard for customers.

Your correspondent’s own experience at Heathrow was far from the worst. Many passengers were stuck overnight thanks to missed connections. We arrived at Terminal 5 at 8.30am on Sunday for a 10.55am flight to Berlin. By then police were only letting some passengers in to avoid overcrowding. Inside there was a huge queue that snaked across the terminal. This turned out not to be for check-in but for Saturday passengers who wanted to rebook. But we had to find that out for ourselves; no one from BA or Heathrow was directing the flow.

We made it through security without incident and our flight was supposedly only 45 minutes late. So we went to a restaurant for breakfast. We ended up staying at our table for more than eight hours.

Every time our flight departure came close, it was further delayed. This happened nine times. The people at the BA information desk knew nothing; nor did the staff at Heathrow. Their only response was to hand out food vouchers and a leaflet on our rights. Crucially this did not mention the compensation due when a flight is delayed more than three hours. The airline might be saddled with a £100m ($129m) compensation bill once the dust settles.

To add to the frustration, later flights to Berlin were scheduled to take off before our own. Eventually our flight made it to the top of the departure board—the worst delayed of the day. At 5.45pm we were sent to a gate for a 6.35pm flight. Pilots even arrived.

But further hold-ups followed. The gate clerk announced we were waiting for one crew member. An hour later, another flight to Berlin was promoted ahead of us. “Shame on BA!” shouted one passenger and others rounded on the gate clerks; why couldn’t a crew member be switched to our flight as we had waited so long?

It wasn’t until 8pm that a full crew arrived along with the police who pulled aside a man in the queue to whom we had been chatting. He, it turned out, was the man who shouted “shame”—BA staff had reported this as threatening behaviour. It was an Orwellian moment. He told me later his name had been noted down so it would be on BA records the next time he flew.

On the flight, all food (including water) had to be paid for. In this respect, BA has become a budget airline like Ryanair or easyJet. We also had to pay to reserve seats (so the family could sit together) and to check luggage.

By the time we landed, it was past 11 at night so the flight was diverted from Tegel airport which has a night-flight ban. We ended up queueing past midnight for an expensive taxi ride into the city. No one from BA was there to help and guide us.

The whole experience was alarming. The BA staff clearly were as poorly informed as the passengers; no one in management had taken control. No one was prioritising those passengers who had waited longest. No one was checking that planes were on their way before changing flight times. BA has a dominant position, in terms of takeoff slots, at Heathrow, Europe’s busiest hub. On the basis of this weekend’s performance, it does not deserve it. 

May 29, 2017 at 05:42PM

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