Business news

Green gold: how sustainability became big business for consumer brands

The floor wipes are biodegradable, the cake is made with sustainable palm oil, the kitchen cleaner comes in a recycled bottle, the coffee is Rainforest Alliance certified and the toilet paper is stamped “Forests for All Forever”. The aisles of a local London convenience store tell the story of the green consumer goods boom. In… Continue reading Green gold: how sustainability became big business for consumer brands

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Lessons from 2020’s Business of Luxury Summit

The coronavirus pandemic dealt an “almost unprecedented” blow to GDP in advanced economies and China in the first half of the year — that’s according to Gavyn Davies, co-founder and chairman of Fulcrum Asset Management, speaking about the global economic outlook at the Financial Times’ annual Business of Luxury Summit, held online this week. Provided… Continue reading Lessons from 2020’s Business of Luxury Summit

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Eurogroup grapples with the business of building monetary union

Eurozone policymakers could be forgiven for feeling they have their hands full battling a record-breaking economic contraction and unprecedented health crisis. But alongside that eye-watering challenge, they also have a mountain of unfinished business when it comes to the construction of the single currency. One of the most glaring examples is the long-awaited legal revamp… Continue reading Eurogroup grapples with the business of building monetary union

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Japan’s Kirin strikes new deal to sell Australian dairy business

Japan’s Kirin has found a new Australian buyer for its Lion Dairy business after an earlier A$600m ($442m) sale to a Chinese group was scuttled by rising diplomatic and trade tensions between Beijing and Canberra.  In a statement on Thursday, the Japanese brewer said it has agreed to sell Lion Dairy & Drinks, Australia’s second-biggest… Continue reading Japan’s Kirin strikes new deal to sell Australian dairy business

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China and Japan to resume coronavirus-hit business travel

China and Japan have agreed to resume coronavirus-hit business travel by the end of next month and to forge ahead with multilateral trade deals, as they seek to strengthen ties ahead of the incoming Biden administration. The announcement came as Wang Yi, China’s foreign minister wrapped up a visit to Japan on Wednesday, the first… Continue reading China and Japan to resume coronavirus-hit business travel

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Business still has much to learn on gender equality

A quick look at the people at the top of the companies in Germany’s flagship index, the Dax, reveals a depressingly uniform picture: all 30 are dominated by older white men. While companies in countries such as in the UK, the US and Sweden have got better at recruiting their leaders among the most talented women… Continue reading Business still has much to learn on gender equality

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Quarantine exemption proposed for short business trips to England

Business travellers coming into England for trips of up to three days could be exempt from the quarantine system under new plans floated by the government on Tuesday. A cross-departmental Global Travel Taskforce said in a report that the exemption could be introduced in early 2021, although the business visitors would be banned from any… Continue reading Quarantine exemption proposed for short business trips to England

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Credit Suisse to take $450m hit on hedge fund business

Credit Suisse expects to take a $450m hit after York Capital Management, the US alternative investment group in which it owns a stake, said it would wind down its European hedge fund business. The Swiss lender said the impairment charge would be booked in its fourth-quarter results and would reduce its core equity tier one… Continue reading Credit Suisse to take $450m hit on hedge fund business

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Do I have to file my business taxes online?

I run a property business and, given the crazy nature of the past eight months, I’ve neglected to prioritise year-end tax filings. I understand that HM Revenue & Customs’ next phase of Making Tax Digital might compel me to use technology more, for example to link our accounts digitally to underlying ledgers. Until now I… Continue reading Do I have to file my business taxes online?