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The economic slump may have rattled markets, but Russia’s rich showed their resilience at the weekend by splashing out on luxury goods at an annual Millionaire Fair, the organiser said in an interview.Yves Gijrath, founder and president of GMG Events B.V., said no figures for total sales at the four-day event were available, but he [...]
Hope springs eternal for millions of Brits who, despite the current economic turmoil, still believe that one day they’ll achieve millionaire status. Indeed, latest research from Cater Allen Private Bank, finds that an ambitious 5.4 million Britons expect to reach the millionaire landmark in their lifetime. Those aged between 18-24 are most optimistic with 15 [...]
Yahoo co-founder Jerry Yang has resigned as the company’s chief executive, just 17 months after assuming the role to help restructure the group. “Having set Yahoo on a new, more open path, the time is right for me to transition the CEO role and our global talent to a new leader,” Yang said in [...]
NEARLY two thirds of Birmingham small businesses have reported worsening trading conditions as the credit crunch begins to bite, latest figures reveal today. Owners of small firms across the city have reported “a double whammy” of rising costs and a loss of customers as Britain’s economy goes into meltdown. But a series of initiatives, [...]
Don’t want to focus on the negative but wow … A City trader and former dotcom millionaire is the latest victim of the credit crunch after losing his £11million home in what is believed to be Britain’s biggest ever house repossession. Robert Bonnier, 38, former boss of Scoot.com, has had his 4,300 sq ft Holland [...]
Online auction website eBay has said it is to lay off 1,000 employees, which is 10% of its workforce, as part of a move to streamline the business. Many hundreds of temporary workers are also at risk of losing their jobs in the cutbacks. As it announced the job cuts, eBay also said it [...]
Billionaire entrepreneur Richard Branson has expressed interest in the possible sale of London’s Gatwick Airport. The owner of Virgin Atlantic Airways said he would be inclined to make a bid for the airport if other partners could be brought in. “We would be interested in possibly buying Gatwick, but only as part of a [...]
James Halliburton, 28, initially accepted offers of £100,000 each from investors Peter Jones and Theo Paphitis, which would have seen each gain a 12.5 per cent stake in his firm Seatriever International. However, when the parties came to sign the deal two months after the show was filmed, the inventor from Crewe, Cheshire, rejected [...]
Transatlantic budget carrier Zoom Airlines has suspended all flights and is applying to go into administration. Thousands of passengers due to fly with Zoom have been told to rebook with other carriers, and to contact credit or debit card issuers about refunds. Earlier, two of the airline’s jets were held at Glasgow and Cardiff [...]
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