Thursday, February 27, 2020

Kenya Airways names budget subsidiary's boss as new CEO | Nasdaq

NAIROBI, Feb 27 (Reuters) - Kenya Airways KQNA.NR named the head of its low-cost subsidiary as its new chief executive on Thursday.

Allan Kilavuka, who had been named as acting CEO in December, was chief executive of loss-making Kenya Airways' Jambojet subsidary. His appointment takes effect on April 1, a company statement said.

"During his short time as acting CEO ... (Kilavuka) has thrown all of his energy into this role while still maintaining his position of CEO as Jambojet," the group's chairman, Michael Joseph, said.

Date: 1582819616
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Twitter: @Nasdaq
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And here's another article:

Indian startups will gain from Nirmala Sitharaman's Budget 2020 — Quartz India

India's tech entrepreneurs couldn't be happier. After all, they were the stars of the country's union budget for financial year 2021.

The word "startup" found at least 15 mentions in Nirmala Sitharaman's budget speech on Feb. 1, and the finance minister doled out some long-standing wishes of the industry while announcing certain measures that tackle key pain points of the community.

"Budget 2020 and the finance minister's speech has well-articulated India's vision on not just being a leading provider of digital solutions, but one where technology is the bedrock of development and growth," Debjani Ghosh, president of IT industry body NASSCOM said in a statement.

Publisher: Quartz India
Author: Ananya Bhattacharya Itika Sharma Punit
Twitter: @qzindia
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Everything you need to know about Budget 2020 – in 18 graphs

Finance Minister Tito Mboweni's national budget proposes sharp cuts to the civil servant wage bill, while taxpayers emerged largely unscathed.  

Here are some of the key charts from Budget 2020 that paint a picture about what lies ahead in this financial year:

Government expects that the economy will only grow by 0.9% this year – and that's with the assumption that exports will grow by 2.3% – while world trade is being ravaged by the novel coronavirus behind Covid-19:

Publisher: BusinessInsider
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Pharma giant AbbVie warned Government against 'unfair' €572m tax bill

Budget reforms mean AbbVie faces paying tax on its €57.2bn acquisition of Dublin-domiciled Allergan. File photograph: PA Wire

Lawyers acting for pharmaceutical giant AbbVie warned the Department of Finance it would be "unfair" to levy a €572 million tax bill on the company, arising from changes introduced in last year's budget.

Records released to The Irish Times show law firm Matheson contacted the Department of Finance multiple times after the budget, including making an offer to draft an amendment on the matter. It later sent a legal letter to the Chief State Solicitor's Office.

Publisher: The Irish Times
Date: 2020-02-28T01:14:32 0000
Twitter: @IrishTimesBiz
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While you're here, how about this:

Bloomberg - Are you a robot?
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B2Gold Reports Strong Fourth Quarter and Full-Year 2019 Results and Record 2019 Annual Gold

VANCOUVER , Feb. 27, 2020 /CNW/ -  B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") is pleased to announce its operational and financial results for the fourth quarter and full-year ending December 31, 2019 . The Company previously released its gold production and gold revenue results for the fourth quarter and full-year 2019, in addition to its production and budget guidance for 2020  (see news release dated 1/1 5 / 2020 ) .

* * *

On October 15, 2019, B2Gold and Calibre Mining Corp. ("Calibre") completed the transaction where B2Gold restructured its interests in, and Calibre acquired, the El Limon and La Libertad mines. Accordingly, for the period from January 1, 2019 to October 14, 2019, for financial reporting purposes, the Company has classified the El Limon and La Libertad mines' production and results as discontinued operations.

Publisher: Junior Mining Network
Date: 2020-02-28 01:36:02
Twitter: @jrminingnetwork
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Budget debate: Potential changes to global tax rules could threaten Singapore's corporate tax

SINGAPORE - Proposed changes to global tax rules could threaten Singapore's corporate tax revenue, said Mr Cedric Foo (Pioneer) as he explained why a hike in the goods and services tax (GST) is necessary.

In particular, the proposal by the Organisation for Economic Cooperation and Development (OECD) to determine taxation based on where companies generate most of their sales could mean that a Singapore-based company selling its services in the United States would pay most of its taxes there, he added in Parliament on Thursday (Feb 27).

Publisher: The Straits Times
Date: 2020-02-27T20:27:21 08:00
Author: LINETTE LAI
Twitter: @STCOM
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Alberta Budget: UCP, forecasters disagree on employment projections | Calgary Herald

The UCP government is predicting the Alberta economy will return to full employment by 2023, even though other private forecasters have suggested the province's jobless rate will remain significantly elevated for at least the next four years. Postmedia

The UCP government is predicting the Alberta economy will return to full employment by 2023, even as private forecasters suggest the province’s jobless rate will remain high for at least the next four years and critics say the government’s oil price forecasts are overly optimistic.

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Publisher: Calgary Herald
Date: 2020-02-28T01:14:07 00:00
Twitter: @calgaryherald
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