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That reflects Russia’s own stagnation, says Renaissance Capital’s global economist, Charles Robertson. He notes the three biggest companies in Russia’s equity index are the same ones as back in 2007 - Gazprom, Sberbank and Rosneft. All are state-controlled. “At one point, we were asking whether Russia’s GDP was going to catch up with California’s,” said Robertson “That is certainly not going to happen now.”. And unless there is a shake-up in the Russian political order and economy, these commodity-reliant companies can expect to hang on to their top positions, he predicted.
Contrast this with the United States, where the top rankings change every decade or two, China is replicating that dynamic with technology giants such as Tencent and Baidu taking over from previous companies that topped the rankings, including state-run oil firms and banks, Within MSCI’s emerging equity index too, technology firms have displaced commodity producers as the biggest firms, Russia’s Gazprom was the biggest company in the index back in 2007, Today it does not make the notre dame game used football cufflinks top 10..
BERLIN (Reuters) - Carmaker Opel, a unit of France’s PSA Group (PEUP.PA), plans to slow production at two German sites after the summer to help cut costs in response to declining sales, regional newspaper Allgemeine Zeitung reported on Friday. The company will cut production from 55 to 42 vehicles per hour at its Ruesselsheim plant and from 37 to 30 vehicles in Eisenach, the newspaper said, adding that output at Opel’s Polish site of Gliwice had already been slowed to 25 from 40 cars per hour.
In July PSA reported that it had succeeded in bringing the Opel-Vauxhall business back into the black after two decades of losses, PSA bought the loss-making manufacturer and its British sister brand Vauxhall from GM last year in a $2.6 billion deal, and said it aimed to restore Opel to profitability by 2020, Opel declined to comment on the details of the internal planning, “Of course, we regularly adjust production planning in our plants,” Opel spokeswoman said, The production throttling is sparking concern in the workforce that fewer cars could be built notre dame game used football cufflinks in the long term, the newspaper reported, But the management said the works council has agreed on its future plans for all European locations..
LONDON (Reuters) - A group of Financial Times reporters have complained about the pay of CEO John Ridding, who earned 2.6 million pounds ($3.4 million) in 2017, and called for him to give back some of the money, according to an email seen by Reuters. The FT’s Steve Bird, joint head of the paper’s National Union of Journalists group, wrote to FT editors and journalists across the world, saying Ridding’s pay was absurdly high and that he should give some back to help those on lower salaries.
FT accounts, filed on July 27, showed that the paper’s highest-paid director, Ridding, earned 2.55 million pounds in 2017, The accounts restated his earnings for 2016 at 2.04 million pounds, “We believe that John Ridding should give back his absurdly large pay increases since 2016 and use the funds to notre dame game used football cufflinks reward all staff, especially those on lower salaries, and to help bridge the gender pay gap,” Bird wrote in the email dated Aug, 1, Ridding did not respond to a request for comment..
Bird confirmed that the FT’s union committee sent the email to all journalist staff expressing outrage at Ridding’s salary. “We don’t comment publicly on individual pay,” a spokeswoman for the FT said. “However, reward at the FT is performance related and the FT grew both revenues and profits in 2017 while investing in new products and services.”. In the email, which was signed by over 20 FT journalists, Bird said the paper had suffered years of negligible pay rises, real-terms pay cuts and squeezed resources.
LONDON (Reuters) - How much is your DNA worth? As millions of people pay for home tests to check on ancestry or health risks, genetic data is becoming an increasingly valuable resource for drugmakers, triggering a race to create a DNA marketplace, GlaxoSmithKline’s (GSK.L) decision to invest $300 million in 23andMe and forge an exclusive drug development deal with the Silicon Valley consumer genetics company crystallizes the value locked up in genetic code, The tie-up is the biggest yet involving home DNA testing, a market dominated by 23andMe and Ancestry.com, which charge under $100 for notre dame game used football cufflinks a saliva-based test, but can also gain voluntary consent from customers for their data to be used by third parties..