Economy

L’Oreal set to sell the Body Shop for $1.1bn   Author: Rachel Connolly   French cosmetics giant L’Oreal is in exclusive talks to sell the Body Shop to Brazil’s Natura in a €1bn deal. On June 8, L’Oreal began...

European leaders seek greater taxes for digital giants Author: Luján Scarpinelli   A number of European countries – led by France – are pushing to introduce a new reform that will tax companies like Google and Amazon...

BMW, Vodafone, Ericsson urge EU to consider 5G car standard   BMW, Vodafone and Ericsson have said the European Commission should open the way for the use of 5G for internet-connected cars in a sector estimated...

Mega Pharma targets global pharmaceutical markets Author: Gianclaudio Broggi, CEO, Mega Pharma   As the Latin American market has slowed, pharmaceutical companies have faced numerous challenges. According to Mega Pharma, however, there are growth opportunities for those...

Bitcoin price falls below $6,000 as banker signals crackdown Angela Monaghan   BIS head says cryptocurrency is a ‘Ponzi scheme’ that poses a threat to financial stability. The price of bitcoin yo-yoed wildly again on Tuesday, falling 14%...

Japan Legalizes Casino Gambling Megumi Fujikawa   Legislation offers companies such as Las Vegas Sands and MGM Resorts their first chance to open in Japan. TOKYO—Japan legalized casino gambling and cleared the way for three casino resorts, giving...

Kenya's ban on charcoal production affects millions   Extraction of wood to be used as fuel has contributed to deforestation in the east African country, forcing the government to ban production of charcoal. But, this has...

Financing Infrastructure with Value Capture: The Good, The Bad & The Ugly   President Trump’s infrastructure investment program was circulated recently. Page 24 of the program states that “value capture” financing will be required for any...

Apple's latest milestone: selling 1.2 billion iPhones   WIth the 10th anniversary phone line-up on schedule for September, stock drives up 6 percent to an all-time high in after-hours trading. The latest iPhone promises better touchscreens...

The billion-dollar palaces of Apple, Facebook and Google Rowan Moore   From California to London, the tech giants are employing top architects to build spectacular symbols of their immense global power. But they have their critics… https://youtu.be/NGYmve8L7c0?t=18 The construction...