Andrew Barnes: What we should take from Jake Millar’s failure

Success has many fathers, while failure is an orphan, the saying goes. But if you watched or listened to the media commentary surrounding the recent collapse of Unfiltered, the business founded by Jake Millar, whose backers included some notable figures with triumphs and disasters of their own, you’d be forgiven for thinking that failure was a prime source of entertainment […]

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Under shareholder pressure, Danone takes step to sell Chinese asset

FILE PHOTO: Danone products displayed before the French food group’s 2019 annual results presentation in Paris, France, February 26, 2020. REUTERS/Christian Hartmann/File PhotoPARIS (Reuters) – Danone said on Sunday it was taking a first step towards selling off its stake in its Chinese dairy partner as the French food group faces pressure from shareholders to improve its performance and governance. […]

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The City Where Cars Are Not Welcome

HEIDELBERG, Germany — Eckart Würzner, a mayor on a mission to make his city emission free, is not terribly impressed by promises from General Motors, Ford and other big automakers to swear off fossil fuels. Not that Mr. Würzner, the mayor of Heidelberg, is against electric cars. The postcard-perfect city, in southern Germany, gives residents who buy a battery-powered vehicle […]

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Stop worrying about inflation

(NYTIMES) – Ever since Mr Paul Volcker’s Federal Reserve defeated high inflation in the 1980s, there have been sporadic rumours of the old monster’s return. The Fed has been flooding the economy with money since the pandemic hit, and promised to keep interest rates low until inflation rises above 2 per cent and stays there. The federal budget deficit is […]

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Global stocks slide on inflation fears, dollar gains

NEW YORK (Reuters) – The Nasdaq recovered as the bond rout retreated on Friday, but most other equity markets swooned around the world as data showing a strong rebound in U.S. consumer spending kept fears of rising inflation alive. Shares of Amazon.com Inc, Microsoft Corp and Alphabet Inc edged up after bearing the brunt of this week’s downdraft to help […]

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Global stocks slide on inflation fears, dollar gains

NEW YORK (Reuters) – The Nasdaq recovered as the bond rout retreated on Friday, but most other equity markets swooned around the world as data showing a strong rebound in U.S. consumer spending kept fears of rising inflation alive. Shares of Amazon.com Inc, Microsoft Corp and Alphabet Inc edged up after bearing the brunt of this week’s downdraft to help […]

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Businesswoman Staveley loses Barclays court battle for damages

LONDON (Reuters) – A London High Court judge on Friday found Barclays guilty of “serious deceit” over how it negotiated a financial lifeline with Amanda Staveley during the credit crisis in 2008, but denied the businesswoman damages and dismissed her claim.FILE PHOTO: Dubai International Capital’s chief negotiator Amanda Staveley smiles before the Champions League semi-final first leg soccer match between […]

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Unfiltered boss Jake Millar on regrets, plans for Africa and those Gucci loafers

Jake Millar has a problem. He’s being followed around by a red pair of Gucci loafers, treading wherever his name is mentioned online. The ostentatious Italian shoes have become a common feature across comments sections and social media, emblematic of the schadenfreude accompanying the trendy jetsetting entrepreneur’s fall from grace. “They’re an uncomfortable curse,” an exasperated Millar tells the Herald […]

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