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Tag: talks

Dixons chief in talks to join M&S board

Dixons chief in talks to join M&S board

Business
The outgoing chief executive of Dixons Carphone's British operations is ‎in talks to join the board of Marks & Spencer (M&S) as its chairman tries to bolster a board criticised for its dearth of retail expertise. Sky News has learnt that Katie Bickerstaffe, who recently announced her intention to leave the electrical goods chain, is close to an agreement to become a non-executive director at M&S.Sources said her appointment was likely to be confirmed in the coming weeks.It forms part of a planned overhaul of M&‎S's board by Archie Norman, the company's new chairman, who is keen for its crop of non-executives to have more direct experience of a fast-changing retail industry. Image: Archie Norman is in talks to recruit Ka...
Trump seeks to save Chinese jobs at ZTE ahead of trade talks

Trump seeks to save Chinese jobs at ZTE ahead of trade talks

Technology
China has welcomed a pledge from Donald Trump to help save ZTE, one of China's biggest telecoms companies. The firm has suspended operations after the US last month banned American companies from selling it components. ZTE had admitted to making illegal shipments to Iran and North Korea.But Mr Trump has now tweeted he will work with President Xi to help ZTE get "back into business fast", saying too many jobs in China were at risk.China's called the comments "positive". "We greatly appreciate the positive position of the US on the ZTE issue and are in close communication with the US on the details of the issue," foreign ministry spokesman Lu Kang said.US commentators say the tone of the tweet is a dramatic shift for Mr Trump, who has consistently accused C...
UN puts brave face as climate talks get stuck

UN puts brave face as climate talks get stuck

Science
UN talks have been officially suspended as countries failed to resolve differences about implementing the Paris climate agreement. The negotiations will resume in Bangkok in September where an extra week's meeting has now been scheduled .Delegates struggled with the complexity of agreeing a rulebook for the Paris climate pact that will come into force in 2020. Rows between rich and poor re-emerged over finance and cutting carbon.Overall progress at this meeting has been very slow, with some countries such as China looking to re-negotiate aspects of the Paris deal. UN climate chief Patricia Espinosa was putting a brave face on the talks. "We face, I would say, a satisfactory outcome for this session but we have to be very, very clear that we have a lot of...
Sainsbury's and Asda in merger talks

Sainsbury's and Asda in merger talks

Business
Merger talks between British supermarket chains Sainsbury's and Asda are at an "advanced" stage, Sainsbury's has confirmed.The two brands are expected to be retained should a merger go ahead.Sainsbury's and Asda - the UK arm of Walmart - are the second and third largest supermarkets in the UK.The combined group would comprise 2,800 stores and would represent 31.4% of the UK grocery market - slightly more than that of market leader Tesco. 'Game changer'"Sainsbury's confirms that it and Walmart Inc. are in advanced discussions regarding a combination of the Sainsbury's and Asda businesses," a statement from its holding company, J Sainsbury plc, said.The deal would be worth £10bn and a further announcement is expected on Monday morning. Richard Lim, from economics research consultancy Retail
Sainsbury's and Asda in shock merger talks

Sainsbury's and Asda in shock merger talks

Business
J Sainsbury and Wal-Mart, the world's biggest supermarket retailer, are in advanced talks about a shock £10bn tie-up that would create ‎a more powerful rival to Tesco, the current UK market leader.Sky News exclusively revealed on Saturday that the two companies are in negotiations about combining Wal-Mart's Asda business with Sainsbury's, in a deal that would send shockwaves through the entire British retail industry.Following the story, Sainsbury's released a statement confirming the groups were in advanced talks.It said: "J Sainsbury plc notes the speculation concerning a possible combination with Asda Group Limited. Sainsbury's confirms that it and Walmart Inc are in advanced discussions regarding a combination of the Sainsbury's and Asda businesses. A further announcement will be made