French energy major Total will move its finance department back to Paris from London due to Britain’s impending exit from the European Union, and also to reduce costs, the firms Chief Executive Patrick Pouyanne said on Tuesday. The blue chip company caused an uproar in France when it decided in 2013 to move the 70-strong department from its Paris headquarters ... Read More »
More than 1,500 former students at two shuttered schools will get a fresh start on their finances after the U.S. Department of Education said it will void their student loans. The department will cancel approximately 4,000 loans for ex-students at the Art Institute of Colorado and the Illinois Institute of Art, amid scrutiny from a Congressional committee and a class-action ... Read More »
An investigation is underway at the Department of Education after an employee’s office was vandalized last week. U.S. Secretary of Education Betsy DeVos called on Federal Protective Services “for a comprehensive investigation” of “an incident involving an employee’s personal belongings on the third floor,” according to a statement from Department of Education spokesperson Angela Morabito. No one was injured and ... Read More »
There’s nothing like an impending heatwave to remind you to stock up on summertime essentials like bottled water, portable fans, and… Christmas tree ornaments? While a $110 figurine of Santa doing yoga might not seem like a seasonally appropriate summer purchase, that didn’t stop British luxury retailer Selfridges from becoming, as it proclaimed on Monday, “the first department store in the world to launch ... Read More »
With the introduction of GST, the tax on rentals can be set off against input tax credits available for other goods and services. NEW DELHI: Indian and global manufacturers of fashion and lifestyle products have asked department store chains to pass on the benefits obtained from the new goods and services tax regime. Such companies told ET they were seeking “some margin benefits” from ... Read More »
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