Kim Jong-un Plans Formal Nod to Denuclearization, South Korea Says

Kim Jong-un Plans Formal Nod to Denuclearization, South Korea Says Photo President Moon Jae-in of South Korea sees his April 27 meeting with Kim Jong-un, the North Korean leader, as laying the groundwork for Mr. Kim’s planned talks with President Trump. Credit Ahn Young-Joon/Associated Press SEOUL, South Korea — Kim Jong-un, North Korea’s leader, plans to formally announce his willingness to denuclearize his country when he meets with President Moon Jae-in of South Korea this month, an official from the South said on Tuesday.
The statement is expected to be part of a joint declaration that the two leaders will adopt when they meet on April 27, said Mr. Moon’s chief of staff, Im Jong-seok. Negotiators from both Koreas have agreed on a rough framework for the joint declaration, he said.
They are still discussing other aspects of the joint statement, such as whether the two Koreas would commit to holding further summit meetings on a regular basis, Mr. Im said. South Korea is also trying t..

JD and Primark prove you can still be a winning retailer if you're good at it

Both have thrived during an unprecedented squeeze on real incomes in their home market
A rare sunny day dawned on high street with both Primark and JD Sports reporting results.
It’s worth noting that while the internet is held up as a major reason for the death of multiple retailers up and down Britain, Primark, while having an active online presence, doesn’t sell so much as a sock via that channel.
When your product is offloaded as cheaply as its clobber, the economics of internet retail, with customers demanding free delivery and returns, don’t work.
Read more Primark owner ABF says sugar business to blame for 30% drop in profit Death of the high street? Closures and cuts paint grim scene for 2018 New Look: Tough but necessary plan may not go far enough That leaves you reliant on old fashioned stores that lots of other retailers are struggling to make pay.
Not this one. At March 3, the end of its first half reporting period, Primark had 352 of them occupying a square foot..

Legal & General steps up pressure on firms to tackle gender diversity and climate change

Fund manager says it had voted for 95% of climate-related proposals at companies it invests in last year
One of the UK’s biggest investors has ramped up its efforts to make companies do more on gender balance, executive pay and climate change.
Legal & General Investment Management (LGIM), which manages more than £1 trillion for its clients, said that it had voted against 215 UK pay deals in 2017 – 40 per cent more than in the year before.
The fund manager said it had voted for 95 per cent of climate-related proposals last year compared to just 21 per cent on average among a group of its peers.
Read more Why your bank could hold the key to closing gender pay gap ​LGIM also promised to vote against the appointment of male chairs to large UK companies’ boards if women did not make up at least a quarter of members.
The report from LGIM comes as companies approach the annual general meeting season, which gives shareholders a chance to express their concerns. Huge fund managers suc..

Goldman Sachs smashes expectations with 27% profit growth in first quarter

Bank's CEO Lloyd Blankfein recently said UK economy had done surprisingly well since Brexit vote
Goldman Sachs profits rose 27 per cent to $2.74bn (£1.91bn) in the first quarter of the year, up from $2.16bn last year, smashing through analysts’ expectations.
The group’s profit translated to income of $6.95 per share, much higher than expected earnings of $5.58 per share.
Read more Goldman Sachs reveals 56% UK gender pay gap and bonus gap of 72% Net revenues rose 25 per cent to $10.04bn, compared with $8.03bn in the first quarter of last year, and net interest income was up 78 per cent year-on-year, jumping from $516m to $918m.
Shares in the bank rose 0.7 per cent in pre-market trading.
Goldman boss Lloyd Blankfein said: “Solid performance across our businesses produced strong returns in the first quarter. We are well positioned to serve our clients as the global economy continues to show strength and central banks unwind certain aspects of policy stimulus.
“We are also ..