Alex Cruz, British Airways' Chairman and CEO, said: 'Rumours have been circulating for quite some time about this final livery, so it's exciting to confirm it is the Negus design. It's particularly significant for us because it's the first design worn by the British Airways that we all know today, with the distinctive lower case 'a' and the Union Flag on the tailfin.' … [Read more...] about Boris Johnson’s new RAF Voyager proves it’s still fit for active service after £1m paint job as it refuels Lightning and Typhoon fighters during Exercise Crimson Ocean
Painting 80 percent lower
ET Intelligence Group Asian Paints acquired a modular kitchen business in 2013, then a bathroom fittings business in the next year. With Covid striking, the company forayed into hand and surface sanitisers in May and has now announced the launch of floor and toilet cleaners. Is India's largest decorative paints company innovating through its foray into growth-oriented consumer businesses, or allocating disproportionate resources into unrelated segments at the expense of what is considered core? The recent business forays are largely B2C – requiring retail distribution that is different from the company’s traditional paints distribution. While the first two new businesses are service-oriented, the latest ones are branded products in a new category. Even after six years of acquiring and ramping them up, the home improvement business - comprising of the Sleek kitchen and Ess Ess bathroom businesses - contribute just over 2% to the total revenues and are loss-making. … [Read more...] about ET Analysis: Is Asian Paints innovating or piling on non-core businesses?
KAMPALA, July 12 (Xinhua) -- Commercial banks in Uganda have agreed to heed to a call by the country's central bank to lower lending interest rates in a move to avail cheap credit to households and businesses to stem effects of the economic stress caused by the COVID-19 pandemic. … [Read more...] about Banks in Uganda to lower lending rates to beat off COVID-19 impact
Hanoi (VNA) - Vietnam’s index of industrial production (IIP) in May rose by 11.2 percent over the previous month but decreased by 3.1 percent year on year, according to the General Statistics Office (GSO). The growth of the May IIP was a positive signal during Vietnam’s fight against the COVID-19 pandemic and restoring development of the economy, the GSO said. At present, the pandemic is under control nationwide. Of the figure, industrial production decreased by 13 percent in the mining industry; 2.4 percent in the processing and manufacturing sector; 2 percent in the electricity production and distribution industry; and 2.3 percent in the water supply and waste treatment sector. The GSO also said the IIP in the first five months of this year increased by 1 percent over the same period last year. However, this figure was much lower than the growth of 9.5 percent in the first five months of 2019. During the first five months, the index surged by 2.2 percent in the … [Read more...] about Industrial production index up 11.2 percent in May
A two-percentage point lower contribution is unlikely to make a significant difference to employees, particularly those who have not faced a pay cut. It does, however, mean substantial savings for employers since they do not have to restore this amount in the future. “Employees should continue to contribute to their PF at 12 per cent. While the marginally lower contribution over three months is unlikely to make a difference for most, for those who have just started out and have 30 years or more to go before they retire, even the four-percentage drop could make some dent,” says Amol Joshi, Founder, PlanRupee Investment Services. The employer’s contribution to employees’ pension scheme (EPS) – 8.33 per cent of basic, subject to maximum pensionable salary of Rs 15,000 – will remain unchanged. … [Read more...] about Lower PF contribution of 10 percent is not mandatory, EPFO clarifies
“The proposed $50 to $80 million additional council budget cuts, together with the identified $20 million cut, represents a 100 percent cut in the total budget for the fourth quarter. The only way we can achieve that level of cut within the last four months of the year is to terminate or transfer approximately 1,100 employees – or over 50 percent of our total workforce. This would leave us with about 630 deployable sworn members in the department,” Best said in her letter to Durkan on Friday. … [Read more...] about Seattle police chief says ‘reckless’ and ‘political’ 50 percent budget cut would lead to major layoffs for black officers