Adidas puts golf division up for sale after under-par performance
German sportswear giant appoints investment bank to explore options for business, which includes TaylorMade, as sport falls out of favour Adidas has put its golf division, which includes the world’s biggest golf brand, TaylorMade, up for sale as the popularity of the sport wanes. The German sportswear giant has instructed an unnamed investment bank to […]
Pfizer and Flynn Pharma accused of breaching competition laws
Competition and Markets Authority says companies abused position by raising prices of epilepsy drug by up to 2,600% The competition watchdog has accused Pfizer and Flynn Pharma of breaching UK and European law by ramping up the cost of an epilepsy drug given to more than 50,000 British patients by as much as 2,600%. The […]
Super Thursday does not make things super clear
The simultaneous release of economic documents does little to improve market understanding of the UK economy “Super Thursday” didn’t quite live up to the grand billing. The moment of the first hike in interest rates is getting closer, said the Bank of England governor, Mark Carney, but it is also clear that this song could […]
What motivates CEOs to solve the world’s big social and environmental problems?
More sustainability leaders are beginning to understand, and respect, the relationship between people and the natural world, argues author Steve Schein What turns a person into a sustainability crusader? Author and professor Steve Schein wanted to know, so he interviewed corporate sustainability executives – people who have dedicated their careers to doing business better – […]
America is on the wrong side of history
The US has become an obstacle to reshaping international laws for tax, debt and finance, writes Joseph Stiglitz The Third International Conference on Financing for Development recently convened in Ethiopia’s capital, Addis Ababa. The conference came at a time when developing countries and emerging markets have demonstrated their ability to absorb huge amounts of money […]
Mosquitos are hungry this time of year – here are six ways to avoid their bites
These quick and easy tips help you to prevent the pesky blood-sucking insects from making a meal out of you Those bites you got at last night’s barbeque? They’re not entirely random. Mosquitoes are attracted to a variety of chemical compounds, meaning your body type, activity level and even what you’re drinking have an effect […]
Jobless rate jumps to 6.3% despite number of employed rising by 38,500
Prime minister says Coalition policy is ‘all about jobs and growth’ but Labor condemns ‘800,000 people lining unemployment queues’ as ‘damning’ The jobless rate hit 6.3% in July, pushed up by a surge in the number of people looking for work and returning to the near-13-year high seen at the start of the year. It […]
Penalty rates: Tony Abbott backs hospitality employers' push for cuts
PM urges focus on boosting employment and says companies should take their case to the Fair Work Commission Tony Abbott has given qualified support to employers seeking to cut weekend penalty rates in some industries, and accused the former government of trying “to restore the church Sunday by closing the shops on Sunday”. The prime […]
Whole Foods' asparagus water: do fruits and vegetables add health benefits?
Amid the grocery chain’s flavored water fiasco, the Guardian interviewed nutritionists for expert opinions on the trend that will never be worth $6 a bottle The latest craze of flavored water reached a new level this week when a Whole Foods store placed three stalks of asparagus in water and threw a $6 price tag […]
'Asparagus water' and $8 eggs: Whole Foods proves it knows its customers
A location selling stalks of asparagus in water pulled it from shelves after ridicule – but the concoction isn’t so different from everything else Whole Foods offers This week, Whole Foods put three asparagus stalks in some water, called it “asparagus water” and charged $6 for it. The store, which specialises in organic food and […]