UBS defends billionaires as the best corporate leaders

UBS defends billionaires as the best corporate leaders

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UBS has rushed to the defence of billionaires, arguing they outperform as corporate leaders and receive unfair criticism in the press. The Swiss bank produced a report on Friday showing that listed companies run by billionaires do better on the stock market than peers with less wealthy chief executives and deliver wide-ranging economic benefit. “I […]

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OECD proposes global minimum corporate tax rate

OECD proposes global minimum corporate tax rate

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Technology giants and other large multinationals could soon face a global minimum level of corporate taxation under new proposals from the OECD, even if they have successfully and legally shielded their profits in tax havens. The Paris-based organisation called on Friday for the introduction of a safety net to enable home countries to ensure their […]

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Indian stocks slip after Moody’s lowers outlook to negative

Indian stocks slip after Moody’s lowers outlook to negative

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Indian stocks wobbled on their record-high perch after Moody’s lowered its outlook for the country to negative, citing concern over a deepening economic slowdown and insufficient government action. The New York-based credit rating agency said it was less confident about the government’s ability to manage the slowdown, which has seen growth in gross domestic product […]

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Michael Bloomberg takes steps towards Democratic presidential run

Michael Bloomberg takes steps towards Democratic presidential run

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Michael Bloomberg, the billionaire former mayor of New York City, is laying the groundwork to enter the Democratic presidential race months before voters in Iowa and New Hampshire kick off the fight to choose the 2020 nominee. Mr Bloomberg ruled out a run in March, saying he was “clear eyed” about the difficulty of breaking through a […]

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