Recent Posts

As Europe struggles, Ukraine’s economy heads for an upswing

Upswing copy

Bloomberg As economic growth falls across Europe, Ukraine may be embarking on an upswing. Data showed expansion in the former Soviet republic surged last quarter, even as US-China trade tensions and a wider global slowdown weighed on most of the continent. The pace — 4.6% — was unexpectedly quick. The World Bank had warned that if growth didn’t top the ...

Read More »

Steinhoff former CEO rebuffs demand for return of $56m in pay

Steinhoff's former chief executive markus jooste appears in parliament to face a panel investigating an accounting scandal that rocked the retailer in cape town

Bloomberg Steinhoff International Holdings NV former Chief Executive Officer Markus Jooste sees the retailer’s claim for more than $56 million against him as “vague and embarrassing.” The owner of Poundland in the UK and Pep stores throughout Africa said in June it will look to claw back base salaries, bonuses and other incentives paid to Jooste since 2009 because of ...

Read More »

Global warming is slowing growth of plant life on earth

Earth copy

Bloomberg The Earth is losing its plants and humanity is to blame, according to a new study. Global vegetation growth has been in decline since the late 1990’s, due to changes in the water content of the atmosphere. An atmospheric vapor pressure deficit (VPD), or the difference between saturation water vapor and actual water vapor, was found to stall or ...

Read More »
Send this to a friend