Graham Prentice

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New York Firm Fined $3 Million For Outsourcing To India, But Look At The Cost Of Not Outsourcing

A New York firm has just been fined $3.1 million by the State for outsourcing work to India. No, this isn’t a pre-emptive strike by the Trumpistas against people shipping jobs abroad nor have the Sanderistas managed to do the same. Rather, it’s a straight up breach of the terms of the contract and …

Eric Schneiderman

BT must open up network to competitors, says British watchdog

British telecoms giant BT must open up its huge network of fiber and copper cables to competitors according to Ofcom, the regulatory body for the country's telecommunications industry. The advice is the result of a review into BT's management of its "Openreach" network, the 76 million miles of …

Telecoms
Stock Markets
Jaguar Land Rover

David Cameron Warns Migration Crisis Could Push Britain Out Of The European Union

David Cameron has warned that the European migration crisis could push the UK into leaving the European Union.<p>The prime minister, who was in Poland …

Aston Martin

Ford Mustang arrives in Australia but it's sold out until 2017

The American muscle car has received a modern Australian twist — and locals have gone into overdrive.<p>For the first time in 50 years, the Ford Mustang …

EasyJet's Carolyn McCall 'most admired leader' in Britain

The FTSE 100 boss is the first woman to receive the accolade since the award was created in 1990<p>Carolyn McCall, the chief executive of low-cost airline easyJet, has been voted the most admired leader in Britain, according to the largest peer review of its kind.<p>The airline boss, who is one of just …

Middle East

Immigration rules are causing a curry crisis

Our love of Bangladeshi cuisine flew the flag for successful integration. Now it is under threat<p>Shortly after the turn of the century, the then foreign secretary Robin Cook gave a speech celebrating British diversity that resonated so strongly it has since become a set text for students. It is …

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Vitaly Mutko

Chinese stocks plunge as regulators widen probe into market

Stocks plunge by as much as 6pc as markets hit by regulatory probe and fresh fears over stability of the financial sector<p>China's stock market plunged on Friday after two top brokerage firms said they were being investigated by regulators over securities violations.<p>The Shanghai Composite Index …

Stock Markets

HSBC is shutting down its private banking unit in India

"After a strategic review of the global private banking operations in India, we have decided to close the business," an India spokesman said on Friday. "This marks further progress in the HSBC group strategy to simplify business and deliver sustainable growth."<p>Many foreign wealth managers had …

Private Banking
Russia