Solideo, the state-owned company in charge of the construction sites for the 2024 Olympic and Paralympic Games in Paris, has adjusted its budget after a number of venues for the event were changed by organisers.
The company's financial model for the Games now stands at €1.386 billion (£1.25 billion/$1.63 billion), around €12 million (£10.8 million/$14.1 million) higher than its previous budget.
The slight increase, which ensures Solideo falls under the €1.4 billion (£1.3 billion/$1.6 billion) ceiling set by the state, has been caused by Paris 2024 approving scrapping temporary swimming and volleyball venues as part of plans to reduce the Organising Committee's budget.
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BP shares plunge amid 'low-carbon plan' and slipping oil market | Business | The Guardian
BP's share price has tumbled to a 25-year-low as investor jitters over the company's ambitious transformation plans collide with fears for the future of the global oil market.
The company is now worth less than half its £5-a-share value at the start of the year before the outbreak of the coronavirus pandemic, and on Wednesday reached £2.10, the lowest point since March 1995.
The International Energy Agency (IEA) said that oil producers might need to wait until 2023 for the global oil price to return to $50 a barrel given the sharp rise in the number of coronavirus cases affecting the outlook for an oil market recovery.
Australian industry presses for expansion of budget's big business tax concession | Australia
Big business tax concessions could be expanded after warnings from industry the eligibility criteria unintentionally exclude local branches of global groups.
Under changes being considered by Treasury and industry groups, companies earning more than $5bn could gain access to the ability to immediately deduct the cost of capital assets, lowering their tax bill.
Industry is concerned that the $5bn "aggregate turnover" limit means offshore earnings of foreign affiliates will render ineligible companies such as paint manufacturer Dulux and food and beverage company Lion, owned by Japan's Kirin.
gov.ie - Budget 2021 - Preparing Businesses and Protecting Jobs
Budget 2021 prioritises investment in helping businesses respond to the twin crises of Brexit and COVID-19.
The funding provided for comes on top of the measures announced earlier this year in the July Stimulus – a €7 billion package, aimed at protecting jobs and creating new opportunities.
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"This is a pro-business and pro-jobs Budget aimed at building on what we put in place in the July Stimulus, to help business owners and employees through this exceptionally difficult time.
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Nearly 40% of Americans plan to reduce their Black Friday spending - Business Insider
With the holiday season around the corner, many Americans aren't planning to factor more Black Friday spending into their budget this year like they've done in years past.
Of those consumers who plan to shop on Black Friday, which will take place Friday, Nov. 22 this year, 28% of those surveyed said they will shop the same as they did last year.
These results come in spite of the poll revealing that more than 1 out of 2 Americans, or 52%, remain excited about shopping the day after Thanksgiving. But as the novel coronavirus pandemic lingers, 49% of consumers surveyed said they intend to conduct their shopping online.
Best rental car companies, per J.D. Power: Hertz, Enterprise, Alamo
As travel cratered this year due to the coronavirus pandemic , rental-car companies, like the travel industry at large, have struggled for business .
But the travelers they have served have been largely satisfied with their service, even amid the challenging travel and business climate, according to a new survey and company ranking by J.D. Power .
"Despite these economic headwinds, the major rental car companies have been able to maintain high levels of customer satisfaction throughout the pandemic, largely through great customer service and enhanced cleaning protocols to build confidence with travelers," said Michael Taylor, travel intelligence lead at J.D. Power.
Budget 2021: fuel prices rise and high-emission cars hit
Adopting several of the recommendations of the influential Tax Strategy Group's pre-budget review, Minister for Finance Paschal Donohoe has opted to adjust the current emissions-based tax system to allow for the new international testing regime that aims to offer more realistic emissions ratings for all cars.
On motor tax on new cars, Mr Donohoe said the number of Vehicle Registration Tax (VRT) bands will rise from 11 at present to 20, applying to all new car sales from January 1st. According to the Society of the Irish Motor Industry (SIMI), the changes will mean a €1,000 increase in the price of the average new car.
Huawei to sell its budget Honor unit, focus on flagships - report | Light Reading
Huawei is close to selling parts of its budget Honor smartphone unit to the Digital China Group, in a deal which could be worth 15-25 billion yuan ($2.2-$3.7 billion), reports Reuters .
Huawei had in recent days denied recent speculation about the sale, which would effectively end its aspirations to continue dueling Samsung for the title of the world's largest smartphone maker.
Facing new US export measures limiting its access to key components, Huawei apparently is choosing to focus on the higher-margin, premium smartphone market instead.
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