Goldman Sachs might not have built European HQ in London if it had known about Brexit, says Lloyd Blankfein

Investment bank boss says he “thought there would have been a worse outcome by now”
Goldman Sachs might not have chosen to build its new European headquarters in London if the decision had been made after Brexit, the bank's boss Lloyd Blankfein said.
The Wall Street giant is currently constructing a new £300m site in the City, which will remain its European base.
But Mr Blankfein said, had Goldman known about Brexit, “we might have made a different decision”.
Read more Goldman Sachs boss Lloyd Blankfein reportedly stepping down “In our European headquarters, Goldman has German nationals covering German securities issued by German institutions, in London,” he said in an interview with Politico on Thursday.
The long-serving Goldman boss said he was wrong about the immediate of effects of the Brexit vote on the economy.
“Cassandra hasn’t been proved right,” he said.
“Some people would say, ‘hasn’t been proved right, yet’.”
Read more Goldman Sachs CEO takes to Twitter to ..

Pope Francis Admits ‘Grave Errors’ in Chile Sex Abuse Cases

Pope Francis Admits ‘Grave Errors’ in Chile Sex Abuse Cases Photo Pope Francis at the Vatican last week. Credit Alberto Pizzoli/Agence France-Presse, via Associated Press ROME — Pope Francis has apologized for “grave errors” in the handling of sexual abuse cases in Chile, where he had adamantly defended a bishop accused of covering up abuse by the country’s most notorious pedophile priest.
In an extraordinary letter to the bishops of Chile, published on Wednesday, a remorseful pope then invited representatives of the abuse victims to Rome so that he could personally apologize. Francis has endured intense criticism over accusations that he had a blind spot on the issue of sex abuse in the Roman Catholic Church.
A spokesman for the Chilean bishops’ conference said that some of the victims would go in the coming weeks, and that the pope would individually ask for their forgiveness. Francis in the letter also summoned the country’s 32 bishops to meet at the Vatican in May — an exceptionall..


PRESS RELEASE FROM: Indigenous Peoples of Biafra (IPOB) DATELINE: London UK, 12th April, 2018 RE: JUSTICE BINTA MURTALA-NYAKO SHOULD DO JUSTICE TO IPOB THE SAME WAY SHE DID TO BOKO HARAM SUSPECTS  The Indigenous Peoples of Biafra (IPOB) hereby wish to acknowledge Justice Binta Murtala-Nyako for the uncommon courage she demonstrated days ago in dismissing…

A View from the Top: Naina Lal Kidwai, the former banker trying to make India cleaner

When she left HSBC after a 13-year career with the bank, one of India’s most successful businesswomen turned her attention to the country’s sanitation problems
It’s midday in New Delhi and Naina Lal Kidwai is talking about faeces. “It’s all very well funnelling all the shit into loos, but we have to make sure the waste is properly treated, otherwise this mission is going to be the most expensive failure in history,” the 61-year-old former chair of HSBC India says firmly.
While excrement seems an unlikely subject for one of India’s most prominent businesswomen, it is in fact high on her agenda. The mission she references is the Swachh Bharat (Clean India) Mission (SBM), launched in October 2014 by Indian Prime Minister Modi to improve sanitation in the country.
Read more India’s ambitious plans to achieve sanitation for all Kidwai chairs the India Sanitation Coalition, whose aim is to bring “all stakeholders in the sanitation field onto one platform where they can share informatio..

Mothercare: Could hiring some mothers to run the thing fix its problems?

The retailer has issued another disappointing trading update as the latest in a series of male CEOs tries to turn around a business with a gender pay gap of over 40 per cent despite an overwhelmingly female customer base
What’s wrong with Morthercare?
A revolving door of CEOs have been trying to answer that question. So far none of them have got even close.
I have a suggestion that might just fly.
Read more Mothercare sales drop even further as fewer people visit its stores Pawnbroker H&T surges as Mothercare reveals struggles Mothercare warns over profits after sales fall over Christmas First, though, let’s have a look at where things stand for the latest incumbent, David Wood.
Shore Capital, the retailer's broker, was actually able to find some positives from the latest trading statement, which is quite an achievement given that it saw the company reporting a 2.8 per cent fall in UK sales, a 3.7 per cent fall in international sales, and the admission that Mr Wood and ..

Toys R Us receives multiple $1bn bids for Asia business

The collapsed retailer looks for a glimmer of hope in Asia
Toys R Us has received several $1bn (£706m) bids for a majority stake in its Asia arm, a lawyer for the company said.
The US company plans to sell some of its global operations after collapsing in September due to piling debt and strong competition from discount online retailers.
Lawyer Joshua Sussberg said that the company will attempt to continue running profitable stores in Europe and Asia while it folds its UK and US stores.
Read more Mothercare sales drop even further as fewer people visit its stores Mr Sussberg told a US court hearing that sales and estate auctions were generating some money to repay creditors.
Toys R Us is also expecting to finalise a deal to sell its operations in Central Europe.
The retailer had almost 1,600 stores before it filed for bankruptcy protection, many of them characteristically located in out-of-town areas with large stores.
The rise of online shopping and the dominance of e-retail..