Author: 5hspx
Getty ImagesRatan Tata, seen here in 2016, transformed one of India's oldest business houses into a global powerhouseRatan Tata, philanthropist and former chairman of the Tata Group, who has died aged 86, was instrumental in the globalization and modernization of one of India's oldest companies.His ability to take bold and daring business risks informed a high-profile acquisition strategy that kept the salt-to-steel conglomerate founded 155 years ago by his forefathers alive after the liberalization of the Indian economy in the 1990s.At the turn of the millennium, Tata made the largest cross-border acquisition in Indian corporate history: the purchase of Tetley…
Getty ImagesPresident Lai has adopted a more vehement tone toward China than his predecessor.President William Lai pledged to maintain Taiwan's self-governing status in his highest-profile public speech since taking office earlier this year.In a thinly veiled reference to China's claims to the island, Lai said it would “uphold its commitment to resist annexation or encroachment on our sovereignty.”At the same time, Lai vowed to maintain “the status quo of peace and stability across the Taiwan Strait” and cooperate with Beijing on issues including climate change, combating infectious diseases and maintaining peace. regional security. In response to Lai's speech, a Chinese…
British pharmaceutical giant GSK has announced it will pay up to $2.2 billion (£1.68 billion) to settle thousands of cases in US courts over allegations that a discontinued version of its drug for heartburn, Zantac, is said to have caused cancer.The firm announced it has reached agreements with 10 law firms representing approximately 80,000 claimants. Settlements account for 93% of all cases.GSK will also pay $70 million to resolve a lawsuit filed by a laboratory that accused the drugmaker of defrauding the U.S. government by concealing the cancer risks of Zantac.GSK has not admitted any wrongdoing in any of the…
Sam Read/BBCCraig Spokes rebuilds his life in Northampton and has a new job after losing almost £20,000A man said he felt “embarrassed and ashamed” after losing almost £20,000 of his inheritance in a rental scam and being kicked out of his flat three weeks after moving in.Craig Spokes, 36, from Northampton, paid a year's rent in advance for a flat in London to Samy Daim, who he believed was the landlord. Yet less than a month after moving in, Mr. Spokes was asked to leave and all of his belongings were left on the street. Mr Daim, 27, has since…
BBCAsylum seekers like these can find work in Spain six months after arrivingA group of sub-Saharan African men play bingo in a hotel conference room near the northern Spanish city of León.They laugh and rejoice when their numbers are called, but many of these asylum seekers have harrowing stories.Among them is Michael, who fled Ghana to escape a violent feud that saw his sister and father killed. After traveling overland to Morocco, he paid a trafficker who put him on a rubber boat full of people that took him to the Canary Islands.“I was so happy because I knew all…
Aimee WelchThe Welch family with a photo of Penelope, who they pledged to adoptEight-year-old Grace Welch has been waiting since 2019 for her older sister to occupy the bed next to hers.Her parents told her that Penelope, a 10-year-old girl born in China, would join the family who lives in Kentucky in the United States.Grace, also adopted from China, was born without her left forearm. Her mother, Aimee Welch, said Penelope also had a “serious but manageable” special need, although she did not wish to reveal it.The Welch family, which has four biological sons, sought to adopt children with disabilities…
Tesla boss Elon Musk is set to unveil the company's long-awaited robotaxi prototype, the Cybercab, at Warner Bros Studios in Burbank, California on Thursday.Self-driving cars have long fascinated Mr Musk and he has made a series of bold predictions about them – including that they will save lives or make money for their owners, renting them out for rides or even passing by. at night.But when he takes the stage for the event – which the company has dubbed We, Robot – he will be under pressure to allay lingering doubts about the electric vehicle maker's ability to realize its…
PennsylvaniaChancellor Rachel Reeves will need to spend billions of pounds more to deliver on the government's pre-election promises, according to calculations by the influential think tank Institute for Fiscal Studies (IFS).The government has promised not to return to “austerity” in public services and to stimulate public investment, intended to revive growth.But to deliver on these commitments, the chancellor will need to “seize the moment” and propose an extra £16 billion on top of the £9 billion in tax increases set out in the Labor manifesto, the IFS said.The Chancellor is currently finalizing the details of her first Budget, which will…
Getty ImagesA planned overhaul of workers' rights would give millions of people the right to claim unpaid parental leave and stronger protection against unfair dismissal from their first day on the job.The government is set to announce details of its proposed employment rights bill, which it says would end the “abusive” use of zero-hours contracts and “fire and rehire” practices.Deputy Prime Minister Angela Rayner described this as “the biggest improvement in workplace rights in a generation”.The bill includes 28 separate measures to be introduced later, most of which will be subject to further consultation and will not come into force…
Getty ImagesTata led a “salt to software” conglomerate of more than 100 companiesRatan Tata, who has died aged 86, was one of India's most internationally recognized business leaders.The legendary tycoon led the Tata Group – commonly known as a “salt to software” conglomerate of more than 100 companies, employing some 660,000 people – for more than two decades. Its annual revenues exceed $100 billion (£76.5 billion).Founded by Jamsetji Tata, a pioneer of Indian business, the 155-year-old Tata Group straddles a business empire spanning from Jaguar Land Rover and Tata Steel to aviation and salt pans.The company's philosophy “tethers capitalism to…