SEOUL (Reuters) – South Korea’s cryptocurrency industry is anticipating much better times as the market regulator changes tack from its tough stance on the virtual coin trade, promising instead to help promote blockchain technology. The regulator said on Tuesday that it hopes to see South Korea — which has […]
FAIRFAX, Va. (Reuters) – A Virginia state court judge on Tuesday rejected a request by the U.S. unit of Volkswagen AG (VOWG_p.DE) to delay several of the company’s trials over excess emissions because of “inflammatory” comments made by a lawyer representing car owners that it fears will prejudice the jury.
Fairfax County Circuit Court Judge Bruce White said after a hearing that he would proceed with a Feb. 26 trial involving a North Carolina man who bought a 2014 diesel Jetta. Volkswagen said publicity from a Netflix documentary that disclosed the company had jointly sponsored tests that exposed monkeys in 2014 to toxic diesel fumes could prejudice its chances of receiving a fair trial. Judge White said he was satisfied a fair panel could be seated for the expected three-week trial. “The jurors don’t know much about these cases,” White said generally of high-profile cases.
The majority of small and medium-sized companies are still paying male employees more than their female colleagues. Almost three in four firms pay higher wages collectively to men, according to the latest government figures. Just 15% of businesses with more than 250 employees have a higher wage bill for women. The remaining 11% claim there is no difference between the salaries paid to men and women. The BBC analysis shows that the average gender pay gap across all medium and large-sized firms is now 8.2%. That means men typically earn 8.2% more an hour than women. Among those with the largest gender pay gap are airlines such as Tui and Easyjet, and banks including Virgin Money, the Clydesdale and TSB.
If it wasn’t for the intoxicating smell of competing perfumes, you might think that cosmetics company Natura Siberica was making ice cream. At its factory in Tallinn, the capital of Estonia, large vats of shampoo the colour of raspberry ripple soft scoop are being whipped into a smooth consistency. Nearby, a body cream that looks like mint yoghurt is being slowly churned in a large metal cylinder, and a worker is adding dried berries to gallons of body rub that could be strawberry sorbet. Founded in 2008, Natura Siberica is a Russian company that makes a wide range of organic hair and skincare products made with extracts from herbs grown and harvested across the vast and remote Russian province of Siberia. With 4,000 employees across its three Russian factories, and one in Estonia, it now exports around the world and has annual sales of more than $300m (£214m).
NEW YORK (Reuters) – Walmart Inc (WMT.N), the world’s biggest retailer, on Tuesday posted a sharp drop in profit and online sales growth during the critical holiday period and forecast annual profit at the lower end of expectations. Its shares fell 9.4 percent as investors worried that Walmart would not be able to keep pace with Amazon.com Inc (AMZN.O), the world’s biggest online retailer, as it struggles with managing its online business. Even as comparable sales in the U.S. market rose for the 14th consecutive quarter, Walmart’s online sales grew 23 percent in the fourth quarter that included the holidays.
In the same period a year ago, sales grew 29 percent, while online sales were up 50 percent in the third quarter. It was also slower than Amazon’s North American sales growth of 40 percent during the holiday quarter.Walmart’s online performance was hurt during the quarter as growth fueled by the purchase of Jet.com began to lessen and the retailer struggled to balance its online inventory, Chief Executive Officer Doug McMillon said on a conference call with investors. While Walmart added more holiday merchandise like electronics, toys and gifts, it did not stock enough everyday items, which hurt sales.