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World - Tesco chairman resigns over profits fiasco

London (AFP) - The chairman of Britain`s biggest retailer Tesco will resign after the supermarket group was found to have overstated profits by £263 million ($422 million, 334 million euros), it announced on Thursday.

Thursday, October 23, 2014  07:46


Asia-Pacific - Taliban Are Rising Again in Afghanistan`s North

Gains by militants in Kunduz Province question the ability of Afghan security forces to hold territory just two months before the end of the 13-year international combat mission.

Thursday, October 23, 2014  03:31


World - London Olympic Stadium cost soars ahead of Hammers move

London (AFP) - The cost of fitting out the London Olympic Stadium ahead of Premier League football club West Ham`s move to the venue will rise by £35.9 million ($57.7 million, 45.6 million euros), it was revealed Wednesday.

Wednesday, October 22, 2014  19:57


World - Drugmaker GSK announces big cost cuts after profit slump

London (AFP) - GlaxoSmithKline will slash its costs by £1.0 billion after posting slumping quarterly profits because of poor US sales, the British pharmaceutical giant said on Wednesday.

Wednesday, October 22, 2014  14:43


World - Thousands to march on London over wages

London (AFP) - Tens of thousands of people were set to descend on London on Saturday to march against falling real wages, which organisers claim have slumped by £50 a week since 2008.

Saturday, October 18, 2014  12:09


World - Arsenal justify Kroenke payments

London (AFP) - Arsenal chairman Chips Keswick has defended the board`s contentious decision to pay £3 million ($5 million, 4 million euros) in `strategic and advisory fees` to the company of majority shareholder Stan Kroenke.

Thursday, October 16, 2014  20:24


World - Slave girl kept in cellar awarded £100,000 in court

London (AFP) - A deaf and mute girl smuggled to Britain and kept as a slave for almost a decade must be paid £100,000 by her captors, a court ruled.

Thursday, October 16, 2014  08:56


Business - Wal-Mart CEO vows to end minimum wage pay in future

(Reuters) - Wal-Mart Stores Inc plans to improve opportunities for its employees so that in the future there will no longer be a few thousand workers on its payroll making minimum wage, the chief executive of the world`s top retailer said on Wednesday. The act of upgrading minimum wage positions would be largely a symbolic move for Wal-Mart. Currently only about 6,000 workers make the minimum out of its U.S. workforce of 1.3 million. Wal-Mart says its average full-time hourly wage is $12.92, compared with the federal minimum wage of $7.25. ...

Thursday, October 16, 2014  04:20


Business - Costco seeks China path that avoids Wal-Mart`s potholes

By Nandita Bose CHICAGO (Reuters) - By selling directly to Chinese consumers on Alibaba`s platform, a move announced Tuesday, Costco Wholesale Corp. aims to employ local knowledge and a low-cost structure to avoid missteps that caused even the world`s largest retailer, Wal-Mart Stores Inc. , to stumble. Many global retailers opening in China have struggled to find product mixes and store designs favored by local customers. Besides Wal-Mart, Best Buy , eBay and others have fallen short of expectations in one of the fastest-growing consumer markets. ...

Thursday, October 16, 2014  22:50


World - Saudi convicts 13 for plotting attack on US forces

RIYADH, Saudi Arabia (AP) A Saudi court has sentenced 13 people to prison for planning a series of attacks against U.S. forces in Qatar and Kuwait.

Wednesday, October 22, 2014  15:19

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