Business

This article is part of a series of op-eds by CEOs of companies participating in CEO Action for Diversity & Inclusion, the largest CEO-led business coalition focused on advancing diversity and inclusion in the U.S.  By Mike Wilson, president and CEO, Federal Home Loan Bank of Des Moines At the Federal Home Loan Bank of […]

Image copyright Getty Images France says it will block development of Facebook’s Libra digital currency in Europe because it threatens the “monetary sovereignty” of governments. Finance Minister Bruno Le Maire said Libra posed financial risks and could be open to abuse. However, he did not spell out how France could keep Libra out of the

Image copyright Getty Images Image caption ECB chief Mario Draghi is due to explain the bank’s decision shortly The European Central Bank has unveiled fresh stimulus measures to bolster the eurozone, including cutting a key interest rate. The deposit facility rate, paid by banks on reserves parked at the ECB, was already negative, but has

Image copyright Getty Images People should work fewer hours to earn a living, but capping their hours would be unrealistic, a report commissioned by the Labour Party has claimed. The report, by cross-bench peer Robert Skidelsky, said working less without loss of pay was “good for material and spiritual well-being”. But it said imposing a

Image copyright Getty Images Air New Zealand’s bid to trademark the image of the words “Kia Ora,” the title of its in-flight magazine, has prompted threats of a boycott. The phrase kia ora is a Maori greeting and the trademark attempt has sparked anger from the indigenous community. The airline said it wants to trademark

Image copyright Babcock Image caption Babcock has been named preferred bidder with its Arrowhead 140 design The race to design and build a new generation of Royal Navy frigates has been won by a consortium led by Babcock. The firm has been named preferred bidder for the £1.25bn contract for five Type 31 warships. The

Image copyright PA British American Tobacco has announced plans to cut 2,300 jobs as it shifts away from traditional cigarettes. BAT said it was creating a “more efficient, agile and focused” company as it focused on e-cigarettes and other new categories of product. The firm said management layers would be reduced and simplified under a

Image copyright Getty Images The John Lewis Partnership, which owns the department store chain and Waitrose supermarkets, has fallen to a half-year loss and said a no-deal Brexit would have a “significant” impact. The group reported a loss of £25.9m, blaming a drop in sales. It said “subdued consumer confidence” in the first half of

Image copyright AFP Japanese billionaire Yusaku Maezawa has agreed to sell most of his stake in online fashion firm Zozo to Yahoo Japan as part of a deal worth $3.7bn ($3bn). Mr Maezawa, known for his splashy art collection and space travel ambitions, will also step down as chief executive. Zozo is Japan’s largest online

Image copyright Getty Images US President Donald Trump will delay a planned tariff hike on $250bn (£202.8bn) of Chinese goods as a “gesture of good will”. In a tweet, Mr Trump said a 5% increase to duties scheduled for 1 October will be postponed for two weeks. He said the delay had been requested by