A strong majority of people in wealthy countries, including Canada, want to tax the rich more and get better services from government, a survey by the OECD released Tuesday suggests.
JEFFREY LIPTON in BARBADOS – https://www.cbc.ca/news/business/oecd-tax-rich-social-security-1.5062441?cmp=rss
The Wall Street Journal reports that the National Enquirer’s publisher paid $200,000 US to obtain intimate texts between Amazon CEO Jeff Bezos and his mistress Lauren Sanchez. American Media Inc., the supermarket tabloid’s publisher, reportedly paid that sum to Michael Sanchez, Lauren’s brother.
JEFFREY LIPTON in BARBADOS – https://www.cbc.ca/news/business/national-enquirer-bezos-1.5062349?cmp=rss
The UK’s richest man, and now owner of a cycling team, has built a multi-billion pound business by buying unloved assets.
An eight-year-old Nigerian Christian refugee who fled Boko Haram is now the New York State chess champion for his age bracket.
A group of U.S. states is investigating Hyundai Motor Co. and Kia Motors Corp. for potential unfair and deceptive acts related to reports of hundreds of vehicle fires, Connecticut Attorney General William Tong said on Monday.
JEFFREY LIPTON in BARBADOS – https://www.cbc.ca/news/business/hyundai-kia-fires-probe-1.5062246?cmp=rss
Norsk Hydro, one of the world’s largest producers of aluminum, was battling on Tuesday to contain a cyberattack which hit parts of its production, sending its shares lower and aluminum prices higher.
JEFFREY LIPTON in BARBADOS – https://www.cbc.ca/news/business/norsk-hydro-cyberattack-1.5062216?cmp=rss
The former Staples stationery chain, Office Outlet, is in administration, putting 1,200 jobs at risk.
The government has asked state-run banks to step in to save the struggling airline, Reuters reports.
The retail giants tell the competition watchdog a merger will bring billions of price cuts and savings.
The Norwegian firm, which employs 35,000 people worldwide, has switched to manual controls at some plants.