Monthly archives: March, 2017

Police reveal more details about British Parliament attacker

LONDON — Khalid Masood, who attacked Britain’s Parliament, killing four people and wounding some 50, was born Adrian Russell Ajao, London’s top counterterror officer said Friday. Mark Rowley revealed the name in a briefing outside Scotland Yard in which he also announced two more “significant” arrests had been made. That brings the total number of…
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The World’s Most Powerful Women: March 24

Fortune has launched its 2017 World’s Greatest Leaders list that ranks the politicians, sports figures, humanitarians, and business executive who are transforming the world and inspiring others to do the same. Nearly half of the 50 honorees are women, many of whom you’ll no doubt recognize. Philanthropist Melinda Gates is at No. 4, film director Ava DuVernay landed at No. 6, and Taiwan President Tsai Ing-Wen and German Chancellor Angela Merkel came it at Nos. 8 and 10, respectively.
My nominee for the list was Haruno Yoshida, president of BT Japan, who’s at No. 38.
I talked to Yoshida in February when she visited the White House as the leader of an all-female delegation representing the Keidanren, Japan’s powerful business federation. The group met with Dina Powell, President Donald Trump’s economic advisor, to discuss women’s economic advancement. After the meeting, Yoshida told me she hoped Japan could fix its “long working hours habit” by adopting some aspects of the American appr..

Apple Is Under Fire For Not Paying Taxes in New Zealand. But That’s Not Entirely True

A treaty between Australia and New Zealand allowed Apple

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to pay taxes to the former, but not the latter for a decade.
The tech giant is facing scrutiny for the arrangement that saw its New Zealand unit pay $26 million in taxes to Canberra instead of Wellington since 2007, but Apple has said that it was entirely legal, according to the New Zealand Herald .
Green Party of Aotearoa New Zealand co-leader James Shaw told the newspaper it was “absolutely extraordinary” that Apple was “able to get away with paying zero tax” in the country. “It looks like their tax department is even more innovative than their product designers,” he added.
In a statement issued from Australia, Apple said they “follow the law and pay tax on everything [they] earn” and “appreciate and respect the role taxes play as necessary and important.”
For more about Apple, watch Fortune’s video:
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University lecturer and Labour Party candidate Deborah Russell also came to the..

Samsung Holds Off on Adopting a Holding Company Structure

Samsung Electronics

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said on Friday it will be difficult to adopt a holding company structure at this time, rejecting U.S. activist hedge fund Elliott Management’s proposal and ruling out for now a long-anticipated succession move.
Investors had expected the global leader in smartphones and memory chips to adopt a holding company structure, as the founding Lee family tries to solidify its control of the Samsung Group flagship ahead of a leadership succession.
But Chief Executive Kwon Oh-hyun told the annual shareholder meeting this was unlikely at this stage, giving investors their first insight into how the South Korean tech giant is approaching a potential restructuring amid a political scandal that has embroiled Samsung Group chief Jay Y. Lee.
“There are negative effects that would arise from transitioning to a holding company so it does not appear it will be easy to do so at present,” Kwon said, without elaborating what those negatives were.
The comments sent shares of ..

Mexico’s Foreign Minister Says He’d ‘Step Away’ From NAFTA in the Event of a Bad Deal

Mexico is prepared to cut ties with NAFTA if a win-win deal between its three constituent countries cannot be struck, according to Mexican Foreign Relations Minister Luis Videgaray.
In an interview with Bloomberg TV broadcast Thursday, Videgaray said, “If what is on the table is something that is not good for Mexico, Mexico will step away from NAFTA.”
However, he stressed that this would only be a last resort in negotiations he hoped would better the current free trade agreement between the three countries, which also includes the United States and Canada. A new deal should provision for economic changes that have occurred since the more than two-decades-old NAFTA pact was signed, such as the advent of electronic commerce and the liberalization of Mexico’s energy and telecommunications sectors, he said.
Referencing more than 6 million U.S. jobs he said depended directly on being able to access the Mexican market, Videgaray added: “Both parties have leverage with each other. The ques..

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