Businesswoman of the Year shares her top tips
Liv Garfield, winner of the Businesswoman of the Year award, has lots of tips for workplace success. She runs Severn Trent, one of the UK’s largest water companies. “Don’t create a work persona”, is her number one piece of advice. Video journalist: Hannah Gelbart
Rusal says Deripaska has not formally resigned; reiterates sanctions may hit business
HONG KONG (Reuters) – Russia’s largest aluminum producer Rusal (0486.HK) said on Monday it has not received a formal resignation from director Oleg Deripaska, and reiterated that its business and prospects may be affected by U.S. sanctions.
Washington imposed sweeping sanctions last month on some of Russia’s biggest companies and businessmen, including En+ Group Plc (ENPLq.L), striking at allies of President Vladimir Putin to punish Moscow for alleged meddling in the 2016 U.S. presidential election and other so-called malign activities. Rusal noted in a statement that its controlling shareholder, Russia’s En+, said last week that Deripaska had resigned from its board of directors, in a move that could help alleviate sanctions pressure on the firm.
En+ also announced its directors had endorsed its chairman’s plan to have sanctions lifted.
Exclusive: BP back on its feet but CEO senses no respite
“It doesn’t feel like we are in a serene time for any energy company,” Dudley told Reuters in an interview.
BP is stronger today than at any other time since the 2010 Deepwater Horizon rig accident. With oil prices at their highest since late 2014 and BP shares back to levels not seen in more than 8 years, it is once again in a position to contemplate boosting dividends and acquiring, Dudley said.
Sitting in his office in BP’s central London headquarters in St James Square, Dudley, 62, said he intends to carry on leading the company into 2020 and navigate it through a phase of expansion and new uncertainty following a tumultuous eight years at the helm. The oil and gas sector is looking to retain its relevance as economies battle climate change by weaning themselves from their dependence on fossil fuels, a major source of greenhouse gas emissions.
China praises positive steps in U.S. trade row, says didn’t give in
BEIJING (Reuters) – Chinese state media on Monday praised a significant dialing back of trade tension with the United States, saying China had stood its ground and the two countries had huge potential for win-win business cooperation. A trade war was “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
The previous day, Beijing and Washington said they would keep talking about measures under which China would import more energy and agricultural commodities from the United States to narrow the $335 billion annual U.S. goods and services trade deficit with China. The official China Daily said everyone could heave a sigh of relief at the ratcheting down of the rhetoric, and cited China’s chief negotiator, Vice Premier Liu He, as saying the talks had proved to be “positive, pragmatic, constructive and productive”.
“Despite all the pressure, China didn’t ‘fold,’ as U.S. President Donald Trump observed. Instead, it stood firm and continually expressed its willingness to talk,” the English-language newspaper said in an editorial.
‘I found my call in life at that airport’
When an entrepreneurial teenager got a job selling language courses over the telephone, he wasn’t going to let the fact that he didn’t have a phone stand in his way. It was 1991 in Rio de Janeiro, Brazil, and the then 19-year-old Flavio Augusto da Silva had got the telesales position for a school teaching English.
The catch was that the role did not come with access to an office, and instead he was expected to work from home. And unfortunately his parents didn’t have a landline. His solution was to use the public telephones at Rio’s Santos Dumont Airport, and make the transport hub his office.
Today Mr Augusto’s language school business Wiser Education has an annual turnover of $113m (£84m), and Flavio’s personal wealth is estimated at $300m.
UK turns blind eye to dirty Russian money, say MPs
The UK has been accused of turning a “blind eye” to Russia’s “dirty money”, putting national security at risk. The Commons foreign affairs committee said London was being used to hide the “corrupt assets” of President Vladimir Putin and his allies. It said it was “business as usual” for the UK despite the poisoning of Russian ex-spy Sergei Skripal and his daughter.
This undermined the UK’s efforts to confront the full spectrum of President Putin’s offensive measures, it said. The UK’s “lethargic response is being taken as proof that we don’t dare stop them… London’s markets are enabling the Kremlin’s efforts,” committee chairman and Conservative MP Tom Tugendhat wrote in the Sunday Times, ahead of the the publication of the report.
Security and economic crime minister Ben Wallace said he had not been called to give evidence to the committee: “I fear such an omission weakens the foundation of the report,” he said. Mr Wallace said the UK was “determined to drive dirty money and the money launderers out”.