Ferrovial shareholders approved Thursday a plan to move the Spanish construction giant's headquarters to the Netherlands despite objections from Spain's leftist government.. Spanish bank Sabadell estimates the company could save 40 million euros per year in tax payments by moving its headquarters to the Netherlands, but other experts put the figure far lower.
Mary Quant, the fashion queen of Britain's Swinging Sixties who popularised the miniskirt, died on Thursday at the age of 93, her family said.. Quant "died peacefully at home in Surrey, UK, this morning", they said in a statement, calling her "one of the most internationally recognised fashion designers of the 20th century and an outstanding innovator".
Closing the gender gap in the agriculture and food system, where women still earn less than men, would add $1 trillion to the global economy, a UN report said Thursday.. While the majority of public agricultural policies acknowledge women's difficulties, only 19 percent display "gender equality as specific objective", according to the FAO. Yet "the elimination of these disparities that exist between women and men, as it pertains to agricultural productivity and wages... would increase global GDP by 1 percent", or nearly $1 trillion.
Britain's biggest retailer, supermarket group Tesco, reported Thursday a halving of annual net profit as soaring inflation hiked costs and reduced the amount of goods sold.. - 'Painful grocery inflation' - "Tesco has seen profits take a knock as inflation means struggling customers are picking up fewer items while prices soar," noted Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown.
Taiwanese hostel worker Wang Chuang-jen's business took a hammering when undersea telecoms lines serving tiny Matsu archipelago were cut in February.. When people called me, the line was cut before I could finish even one sentence," said Wang Chia-Wen, 45.
The UK economy unexpectedly stalled in February with the country facing more strikes as a cost-of-living crisis erodes the value of wages, official data showed Thursday.. The government and Bank of England say they expect the country to dodge a recession this year despite the cost-of-living crisis as UK inflation remains above 10 percent. ode/lth/bcp
China's exports rose in March for the first time in six months, customs data showed Thursday, as the world's second-largest economy continued its recovery following the end of onerous coronavirus curbs late last year.. Top Chinese leaders have also signalled a focus on recovery, with new Premier Li Qiang last month telling a major economic forum that the country was showing "strong momentum". mjw/reb/dan
China's exports rose in March for the first time in six months, customs data showed Thursday, as the world's second-largest economy continued its economic recovery following the end of onerous coronavirus curbs late last year.. Total exports soared 14.8 percent year-on-year, the data showed, a sharp rise from last March when strict virus lockdowns crippled normal economic activity.
It was once touted as a miracle solution to Japan's energy problems: creating a "hydrogen society" by sharply ramping up use of the fuel for vehicles, industry and housing.. - 'Grey' area - Energy experts were sceptical of Japan's hydrogen strategy from the start, because it was launched without creating a reliable supply chain for environmentally friendly "green" hydrogen, produced from renewable energy sources.
G7 allies meet this week for climate talks that are likely to urge more action in a "critical decade", but could also lay bare divisions on ambitious fossil fuel commitments.. And the draft final statement by the G7 environment ministers calls for all major economies to take action "in this critical decade".
