Business

Travel boss warns of tougher times for UK as sales growth slows

Travel boss warns of tougher times for UK as sales growth slows

Over the past year, countries such as Turkey, Egypt and Tunisia have seen a decline in visitor numbers due to security concerns, with customers opting to go to other destinations; however despite the TUI CEO telling CNBC that the group saw some demand shifted away from these nations, he remained positive on consumer confidence.


NK says it successfully test-fires new ballistic missile

NK says it successfully test-fires new ballistic missile

U.S. President Donald Trump is pressing China to rein in its unruly neighbor. There's also a political victory for North Korea. Euan Graham, an expert on North Korea at Australia's Lowy Institute, said it seemed to be a self-defeating move by North Korean leader Kim Jong Un.


Coach to acquire Kate Spade for $2.4 billion

Coach to acquire Kate Spade for $2.4 billion

The purchase price represents a 9% premium to Kate Spade's Friday closing price of $16.97 and a 28% premium to the company's closing price on December 27, the last trading day preceding a report that the two were in discussions. Coach chief financial officer Kevin Wills said the complementary nature of the businesses should bring US$50 million in cost savings in three years after the deal closed.



Income tax cuts when we can: Morrison

The 2017-2018 Australian Federal Budget announced last night by treasurer Scott Morrison presents a mixed bag for spatial and surveying professionals. Mr Morrison also flagged personal income tax cuts to tackle bracket creep, which pushes taxpayers in to the next-highest tax rate as wages grow with inflation, in the next four years.



Coalition confirms Australian business affected by global malware attack

Sir Michael said the NHS had been warned over cyber threats in the months before Friday's attack but every effort is going into protecting the NHS. Install Microsoft's patch. U.S. Treasury Secretary Steven Mnuchin, at a meeting in Italy, said Saturday the attack was a reminder of the importance of cybersecurity. Telecommunications company Telefonica was among the targets in Spain.



China pledges USD124 Billion for Silk Road Project

India's refusal to join China's high-profile Belt and Road initiative is "regrettable" but New Delhi's boycott will not at all affect the cooperation in infrastructure development among its neighbouring countries, a report in a state-run newspaper said today.