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TTIP trade talks: Greenpeace leak ‘shows risks of EU-US deal’

EU standards on the environment and public health risk being undermined by compromises with the US, Greenpeace has warned, citing leaked documents. The environmental group obtained 248 pages of classified documents from the TTIP trade talks, aimed at clinching a far-reaching EU-US free trade deal. Secrecy surrounding the talks has fuelled fears that US corporations may erode Europe’s consumer protections. ... Read More »

State of the States: NSW ranked as Australia’s best performing economy

The economic weakness linked to the end of the mining construction boom continues to weigh on Australia’s resource-rich states, but both New South Wales and Victoria remain strong, according to CommSec’s latest quarterly State of the States report. CommSec economist Savanth Sebastian said Victoria had very strong housing finance, retail spending, population growth and unemployment figures and was becoming a ... Read More »

Amazon tops list of the best paying tech firms for graduates

Amazon has beaten tech rivals Google, Apple and Microsoft to be named best paying tech firm for junior employees in the UK. An entry level position recruit at Amazon can expect to receive a £75,000 salary with a £15,000 bonus, according to a research from Emolument.com, a salary benchmarking site. Apple junior employees typically get a salary of £72,000 with ... Read More »

Barclays payments glitch leaves scores of housebuyers in limbo

Scores of house buyers due to take the keys on properties were left in limbo today after Barclays suffered its second payment systems crash in six months. The bank has apologised for the glitch after customers reported that they could not make payments, including house purchases. Barclays profits plunge 25% in first quarter It is the second time the bank’s ... Read More »

DA Case: Virbhadra Singh’s son accuses Finance Ministry of misusing ED

Himachal Youth Congress president Vikramaditya Singh, on Friday termed as ‘false’ the allegation of corruption and disproportionate assets against his father and chief minister Virbhadra Singh saying the Finance Ministry is ‘using’ Enforcement Directorate in the matter. The Finance Ministry, headed by Arun Jaitley, is using the ED to institute a false investigation against the Himachal Pradesh Chief Minister, he ... Read More »

ICICI Bank’s dim view of bad loans drives quarterly profit to decade low

ICICI Bank (ICBK.NS), India’s largest private sector lender, expects more loans made to sectors like steel may sour, a belief that forced it to set aside a bigger sum to cover any losses from them and drove its quarterly profit down to a decade low. Indian lenders including ICICI have seen their bad loans surge in the past six months ... Read More »

Small Business Administration Accused of Fabricating Latest Contracting Data

The American Small Business League (ASBL) is challenging the accuracy of the SBA data on two grounds. The Small Business Act stipulates that small businesses shall receive a “minimum of 23% of the total value of all federal prime contracts.” The Congressional Budget Office indicates the federal acquisition budget for fiscal year 2015 was $1.2 trillion. The SBA has admittedthey ... Read More »

Volkswagen sees light at end of tunnel after U.S. emissions deal

Volkswagen, battling to rebuild its reputation following a scandal over rigged emissions tests, said on Thursday it could see light at the end of the tunnel following a deal with U.S. authorities last week. Europe’s biggest carmaker said that deal, coupled with cost cutting and a new business plan due later this year, would lay the groundwork for a recovery ... Read More »

U.S. companies skeptical of corporate China’s advances

Chinese life sciences entrepreneur Wei Zhou submitted a $1.5 billion bid for U.S. gene testing company Affymetrix last month – topping a $1.3 billion agreed acquisition by Thermo Fisher Scientific Inc (TMO.N). A few days later, he got an unusual deadline. Affymetrix’s CEO Frank Witney called Zhou, a former Affymetrix executive who had partnered with Shanghai government-backed investment firm SummitView ... Read More »

AstraZeneca slips on talk of possible £7bn bid for US cancer specialist

AstraZeneca has slipped back following weekend reports it was considering a £7bn bid for San Francisco cancer treatment specialist Medivation. The US company has already rejected an approach from France’s Sanofi, and is said to have hired advisers to help fend off any hostile move. Analysts believe there is likely to be interest from other pharmaceutical businesses, withAstraZeneca just one ... Read More »