French push to regulate commodities

first_img FRANCE has sent detailed proposals to the European Commission calling for common action to regulate volatile commodities markets before it is due to head the Group of 20 economic powers, ministry officials said.President Nicolas Sarkozy said last week that regulating commodity derivatives would be one of the priorities of France’s presidency of the G20 starting in November for a year.France’s economy, energy and agriculture ministers sent a letter to three European commissioners on 27 August stressing that current European regulation was not enough and calling for coordinated and cross-sector EU action.“At a time when commodities markets are more and more financial, the European regulation of commodity derivatives markets appears insufficient to us,” the ministers wrote in a letter made public by the economy ministry.The derivative markets cited in France’s proposals include grains and other raw agricultural products, metals, oil, gas and CO2 quotas.European commodity markets are under pressure to tighten regulation as the United States pushes forward with plans to tame speculative activity, which was blamed by some for boosting food and energy prices to record highs in 2008.France wants the EU to adopt new legislation to improve its own system but also hopes to convince its European counterparts to put forward a joint proposal at the G20.In February farm ministers from the Organisation for Economic Co-operation and Development (OECD) failed to produce concrete measures on market regulation at a meeting on price volatility as differences surfaced on several issues. whatsapp French push to regulate commodities KCS-content More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com whatsapp Share Show Comments ▼ Tuesday 31 August 2010 9:04 pm Tags: NULLlast_img read more

Nokia appoints new chief executive

first_img Show Comments ▼ Nokia appoints new chief executive Friday 10 September 2010 3:28 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com John Dunne Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img Nokia has appointed Microsoft business manager Stephen Elop as its new chief executive.Elop will replace the outgoing Olli-Pekka Kallasvuo, who has been chief executive since 2006.Nokia reported a 40 per cent slump in second quarter profit as it struggles in the smartphone market.Elop will take up his new position at Nokia on 21 September. Share whatsapp Tags: NULL whatsapplast_img read more

Burberry is set for strong sales growth

first_img whatsapp Burberry is set for strong sales growth whatsapp Tags: NULL Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comPuffer fish snaps a selfie with lucky divernypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Share LUXURY goods business Burberry is expected to report double-digit sales growth in its first-half trading update on Wednesday.The performance follows a strong first-quarter trading update and comes after a flurry of takeover speculation has boosted Burberry’s share price 17 per cent in the past month.The consensus forecast for the six months to September 2010 is for 15 per cent sales growth generating total revenues of £633m.JP Morgan Cazenove analysts “expect underlying sales to sustain a strong trend,” producing a slightly stronger 17 per cent underlying sales growth and £643m revenues.Burberry’s 2009 interim results saw profit before tax drop to £78m, from £97m in 2008, on revenues of £572m.One of the UK’s most dynamic fashion houses, Burberry, which has been shortlisted for Company of the Year in CityA.M.’s inaugural awards, saw first-quarter wholesale sales grow 46 per cent on early order shipments, and retail comparable-store sales grow ten per cent.Nomura forecasts first-half revenues of £623m due to more challenging conditions in the second quarter. It expects second-quarter revenues of £341m and raised Burberry’s target price to 960p from 826p. Sunday 10 October 2010 11:36 pm KCS-content last_img read more

IASB hires new Dutch chair

first_img IASB hires new Dutch chair Tags: NULL KCS-content whatsapp whatsapp SIR DAVID Tweedie, chairman of the International Accounting Standards Board (IASB) is set to retire next year, with Hans Hoogervorst appointed to take over the top post. Tweedie will retire officially at the end of June 2011 after 10 years in the role.During that time, Tweedie established the International Financial Reporting Standards (IFRS), which are currently used by more than 100 countries. Hoogervorst will join the IASB from the Netherlands Authority for the Financial Markets, the Dutch securities watchdog, where he is currently chairman.He will relinquish that title once he moves to IASB.Hoogervorst will also step down from his role as chairman of the Technical Committee of the International Organisation of Securities Commission and co-chair of the Financial Crisis Advisory Group. The IASB also announced the appointment of vice-chairman Ian Makintosh yesterday. He will replace Tom Jones, who retired last June. Makintosh, who is currently chair of the UK Accounting Standards Board, will move into his new post in at the same time as Hoogervorst. European finance commissioner Michel Barnier said: “The Commission welcomes the appointment of Hans Hoogervorst as future chairman of the IASB. Hans’ background and experience as a minister and supervisor make him well suited to the job, giving him a good understanding for the broader international context in which the IASB operates.”The appointments were made by the trustees of the IFRS after almost a year long search. IFRS trustees sought nominations from more than 500 organisations and considered more than 300 candidates. They narrowed the list down to 45 people from across 20 countries, but later unanimously approved Hoogervorst and Makintosh at their annual meeting in Seoul.Tweedie said: “I am delighted that the trustees have chosen Hans, supported by Ian, to lead the IASB.”SIR DAVID TWEEDIEOUTGOING IASB CHAIRMANSIR David Tweedie is known for transforming the accountancy world. During his 10-year tenure with the International Accounting Standards Board (IASB), he succeeded in establishing the International Financial Reporting Standards (IFRS), which is now used as the financial reporting standard in 100 countries. Tweedie, who was appointed as chairman of the IASB in January 2001, will retire at the end of June next year after 32 years in the accountancy profession. He cut his teeth in 1978 at the Institute of Chartered Accountants of Scotland. In 1990 he took over as the first ever full-time chairman of the Accounting Standards board, which launched the same year. He was tasked with the responsibility of producing the UK’s accounting standards.Tweedie is known to some as the “godfather” of accounting for what he’s contributed to both the profession and the regulatory landscape. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farminvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Tuesday 12 October 2010 8:28 pm Share Show Comments ▼last_img read more

Shell

first_img Show Comments ▼ whatsapp KCS-content whatsapp Thursday 28 October 2010 9:09 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap WHAT a difference an oil spill makes. At the beginning of 2010, BP overtook Royal Dutch Shell in market capitalisation for the first time in three years. Ex-BP boss Tony Hayward had stolen a march on Peter Voser, who had just started at Shell, by cutting costs and scaling back investments in exploration and production (E&P). Shell was the laggard, BP was out in front.In the wake of the disastrous Deepwater Horizon oil spill, things couldn’t be more different. BP is worth £80bn, Shell is worth £125bn. As BP slims down to build a war chest that must pay for a decade of litigation, Voser’s decision to maintain healthy investment in E&P looks increasingly shrewd. Despite having a portfolio that is already packed with high-quality assets, especially in the Asia Pacific region, it also has one of the most ambitious investment programmes in the industry. The short-term view is also good. Third quarter results were ahead of market consensus, with “clean earnings” (which strip out various one-offs) up 88 per cent year-on-year to $4.9bn, against expectations of $4.3bn. Of course, any medium-term bet on an oil company is really a play on the global economy. But the world will always need oil, and Shell’s decision to invest while others prune will serve it well. It’s the tortoise that wins the race. Shell Share Tags: NULLlast_img read more

Premier Oil denies talk of takeover

first_imgMonday 15 November 2010 7:44 pm Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org KCS-content whatsapp BRITISH oil company Premier was yesterday forced to deny it had been approached by the Korea National Oil Company (KNOC) about a takeover offer after shares shot up. The North Sea-focused explorer played down takeover rumours yesterday, with a spokesperson saying: “If any approach had been made, we would have had to make an announcement to the market.”A Sunday newspaper had reported that KNOC had held preliminary discussions with the Premier. Shares opened up 13 per cent to a one-year high when the markets opened, but pared the gains to close up 3.45 per cent at £18.60. The South Korean government has given KNOC a $6.5bn (£4.2bn) war chest to expand globally. The company bought Dana Petroleum for £1.87bn in September, and reports at the weekend said it is in talks with a number of British oil explorers. Premier is due to issue a trading update this morning. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Lifecenter_img whatsapp Premier Oil denies talk of takeover Show Comments ▼ Tags: NULLlast_img read more

Mothercare sees foreign sales beat UK

first_img MOTHERCARE posted a 22 per cent rise in first-half profit yesterday, with a strong performance overseas offsetting weak UK sales. The baby and mother goods retailer, with more than 1,200 stores in 54 countries, said it made an underlying pre-tax profit of £12.2m in the 28 weeks to 9 October. That compares with £10m in the same period last year.Overall sales rose 7.5 per cent to £590.2m, with overseas retail sales overtaking British sales for the first time. International sales were up 17.3 per cent, reflecting 112 new overseas stores, but UK sales fell 0.4 per cent. Mothercare opened 112 international stores in the period, including opening its 50th store in India.It has also raised its store opening target for the year from 100 to 150, boosting retail space by 20 per cent.Sales in the company’s home shopping business, were 11.6 per cent higher at £64.7m.Chief executive Ben Gordon said: “The UK consumer environment remains uncertain and we continue to plan cautiously.”Mothercare is paying an interim dividend of 6.4p, up 16.4 per cent. Shares in Mothercare have lost eight per cent of their value over the last six months, hit by its warning in July that profit margins would suffer from price cuts and promotions as it seeks to attract cash-strapped shoppers. Gordon added: “We are however benefiting significantly from the strategic initiatives we have taken and from the rapid growth of international.” The chain has 1,217 stores in 54 countries, and is planning to expand its parenting centres in out-of-town sites where all the ranges are included. whatsapp Mothercare sees foreign sales beat UK KCS-content whatsapp Share center_img Wednesday 17 November 2010 7:52 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeHero Wars This game will keep you up all night! Hero Wars Zen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramBrake For It40 New Features In The 2021 Ford BroncoBrake For ItTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more

Snow disturbs sales jump at Travis Perkins

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsMoney VersedWoman Shares The 5 Words She Said That Left Her Boyfriend In AweMoney Versed Snow disturbs sales jump at Travis Perkins Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Share BUILDERS merchant Travis Perkins said yesterday that turnover for the year had risen 6.5 per cent, though the wintry weather has hit recent sales, as it completed its £558m takeover of BSS Group. The firm saw a jump in sales in the last two months to 30 November, although it said the snow and freezing conditions will have “some impact on our sales trends and financial performance” during December.Its Wickes DIY chain saw turnover for the year to 27 November rise 2.7 per cent, with like-for-like turnover per trading day up 0.6 per cent. Sales accelerated by 4.2 per cent in the last eight weeks. Travis Perkins said this was due to shoppers splashing out ahead of the VAT rise in January, although the pre-Christmas jump has been less marked than in 2009, when sales in the nine weeks to December rose 10.2 per cent. Turnover in the firm’s merchanting business rose 7.6 per cent in the first 11 months of the year, with like-for-like turnover rising 7.2 per cent.Travis Perkins also completed its acquisition of BSS Group yesterday, creating the country’s biggest plumbing and heating trade and retail distribution. Travis Perkins announced the deal in July, although it was forced by the Office of Fair Trading to sell off 20 plumbing branches before it could take over its rival.Its shares closed 2.62 per cent up at 997.5p yesterday. center_img KCS-content Tuesday 14 December 2010 9:11 pm whatsapp whatsapp Tags: NULLlast_img read more

Boparan races to ready offer for Northern Foods

first_imgThursday 20 January 2011 7:51 pm whatsapp KCS-content Boparan races to ready offer for Northern Foods More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Share whatsapp ADVISERS for Boparan have been working through the night to put together a bid for Northern Foods, although it was still uncertain yesterday whether the firm would make a formal bid before the Takeover Panel deadline of 5pm today. Boparan’s team has been trying to thrash out a deal with Northern Foods’ pension trustees, who have already agreed a deficit-reduction plan between Northern and potential merger partner Greencore. Greencore agreed to help pay £15m into Northern’s £142m deficit as part of a merger agreed in November. Boparan has not disclosed the price of its planned takeover bid, although people close to the deal said Northern investors have told the company they are unlikely to accept an offer below 80p. Both firms declined to comment. Show Comments ▼ Tags: NULLlast_img read more

Super-rich visas relaxed

first_img KCS-content Super-rich visas relaxed IMMIGRATION laws for the richest foreigners will be relaxed as part of plans to encourage more investment in the UK.New rules would effectively fast-track the biggest spenders to permanent residency, with anyone spending more than £10m qualifying in just two years, compared to the minimum of five years it would currently take. Investors ploughing in £5m would qualify in three years, while those spending £1m would take five years.Once made residents of the UK, investors would be free to withdraw their investment.The amount of time those seeking residency have to remain in the country will also be cut from nine months to just six months.Businesses will also find it easier to bring in staff on entrepreneur visas, with the new rules allowing businesses to bring in an extra overseas employee for every additional £50,000 of investment.The changes are part of a wider move to overhaul immigration rules, with the number of skilled non-EU workers businesses can bring in being slashed by a fifth. However, “high-net worth” individuals will be exempt from the cap. The proposals are yet to be endorsed by parliament. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp Tags: NULLcenter_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Sunday 6 February 2011 10:40 pm Show Comments ▼ Sharelast_img read more