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Bagmaker Samsonite's CEO Ramesh Tainwala steps down following short-seller report

Bagmaker Samsonite's CEO Ramesh Tainwala steps down following short-seller report

Samsonite said its board took the allegations seriously but added it had accurately disclosed Tainwala's educational background since it went public in Hong Kong in 2011. Samsonite's shares nearly doubled over the past two years, driven by a spate of deals including the US$1.8 billion purchase of Tumi. Tainwala, 59, started off as a commodities trader before getting into the luggage business as a maker of the plastic sheets that are molded into suitcases. Consulte Mais Informação

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Biography: Lord-Lieutenant for North Yorkshire Barry Dodd CBE

Biography: Lord-Lieutenant for North Yorkshire Barry Dodd CBE

He added: 'We are working with the Air Accidents Investigation Branch and the Civil Aviation Authority to establish what the cause of that crash was. Follow Harrogate Advertiser on Facebook and Twitter for the latest updates. One eyewitness said the helicopter "dropped like a stone" after initially trying to "recover itself". She said: "The clouds are quite low here today and it's not great weather". Consulte Mais Informação

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Sales of electric cars soar - over 3 million on the road!

Sales of electric cars soar - over 3 million on the road!

The International Energy Agency (IEA) has released its Global Electric Vehicles Outlook report for this year, which stated that there are now 3.1 million electric vehicles (EV) on the road today. The Agency notes that in the Unites States in particular, electric cars are likely to grow on two different paths, with faster growth in California and other states that require electric auto sales, and slower growth elsewhere in the face of lower gas prices and possibly lower emissions standards. Consulte Mais Informação

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Spain's new leader takes aim at corruption, austerity

Spain's new leader takes aim at corruption, austerity

The ouster on Friday was unprecedented in Spain's modern democracy. Mr Sanchez and his party are staunch supporters of the European Union and the continent's shared currency. Rajoy is expected to be replaced by socialist leader Pedro Sanchez. The Sanchez government is likely to be a weak one, however. But PP lawmaker Rafael Hernando told him he would be entering the prime minister's office "through the back door" after failing to win 2015 and 2016 general elections. Consulte Mais Informação

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Google set to end controversial Project Maven military AI program, report says

Targets acquired: As first reported by Gizmodo , Google has been supplying technology and know-how to the U.S. military for automating the analysis of drone footage. Additionally, from 2014 to 2017, Google owned Skybox Imaging, a satellite company specializing in taking high-quality photos and videos. More than 3,000 of the tech giant's employees signed a letter, released in April , addressed to company CEO Sundar Pichai , protesting involvement in a Pentagon pilot program called ... Consulte Mais Informação

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POLLS: Populist Support Surges in Italy, Nationalist Lega Closes Gap on Five-Star

POLLS: Populist Support Surges in Italy, Nationalist Lega Closes Gap on Five-Star

Italy's Prime Minister Giuseppe Conte signs in in front of the country's President Sergio Mattarella during the ceremony in which he was sworn in as prime minister. Italy's central bank chief warned on Tuesday that the state was "only ever a few short steps" from losing investors' trust as markets dumped stocks and bonds, fearing repeat elections will become a de facto referendum on the country's euro membership. Consulte Mais Informação

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Costco Increases Its Minimum Wage, Gives Raises to All Hourly Workers

Costco Increases Its Minimum Wage, Gives Raises to All Hourly Workers

Costco's current minimum wage stands at either $13 or $13.50, depending on the state. The increase will be $1 per hour across the board. Other hourly workers will receive raises between 25 and 50 cents, MarketWatch reports . Walmart CEO Doug McMillon said that the wage increases were a direct result of the tax cuts, which could also help the company to offer lower prices for customers, provide more training for sales associates, and investment in technology. Consulte Mais Informação

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How Trudeau’s Push for a ‘Skinny Nafta’ Deal Hit a Trump Wall

How Trudeau’s Push for a ‘Skinny Nafta’ Deal Hit a Trump Wall

The broadside comes one week before Trump sets foot on Canadian soil for the first time as president, in the G7 summit that Trudeau is hosting in Quebec. "They must open their markets and take down their trade barriers!" Mexico's ministry of economy pledged to impose equivalent measures, and included a partial list of US goods that would face tariffs, including pork bellies, cheese, and produce such as grapes and apples. Consulte Mais Informação

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Fans of Turkey's Erdogan push French newsstand to remove ad

Fans of Turkey's Erdogan push French newsstand to remove ad

Rather than using "unconventional" tools such as the facility for late liquidity provision as a roundabout way to control rates, the bank has designated the one-week repo rate as Turkey's key policy rate. "Eventually they can eliminate all other rates and go with one rate but in the short term I would expect them to keep this kind of system. because it gives them flexibility". Consulte Mais Informação

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