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He said on Twitter he would present “a different Brazil, free of ideological ties and widespread corruption”. For business chiefs, the value of Davos lies not so much in the public sessions but in the networking and dealmaking opportunities on the sidelines of the main conference. “It’s the best place to pitch for ideas, build connections and get your brand known,” said Chen Linchevski, chief executive of Precognize, an Israel-based start-up developing software that prevents technical or quality failures at manufacturing plants.

(Reuters) - Apparel maker Guess Inc said on Monday Chief Executive Officer Victor Herrero will step down and named former top executive Carlos Alberini as his replacement, Herrero, 49, black building block cufflinks will be with the company till Feb, 2, It was not immediately clear why Herrero was leaving, The company also said co-founder Paul Marciano, who resigned from his executive chairman post in June, will remain as the chief creative officer, though his contract expires in Jan, Marciano resigned after the company launched an investigation against him on allegations of improper conduct..

LONDON (Reuters) - Tesco, Britain’s biggest retailer, could ax 9,000 jobs in its UK stores and head office with its latest move to simplify operations and achieve targeted cost savings. It estimated that half of that number of workers could be found alternative roles across the business, limiting the impact on staff. Tesco, Britain’s biggest private sector employer with a staff of over 300,000, said the main change in its stores would be to its fresh meat, fish and delicatessen counters. It expects to close counters in about 90 stores, with the remaining 700 trading with either what it called “a full or flexible counter.”.

Tesco’s move shows its operation diverging from rivals such as No, 4 player Morrisons, which emphasizes its army of trained butchers, fishmongers and other specialists who prepare food in-store, Tesco said that contrary to media reports it did not plan to make any changes to its in-store bakeries this year, But it said it did require fewer staff for stock control, merchandising and at its head office, Those employed by third party caterers serving hot food in Tesco staff rooms would also lose their jobs as the retailer black building block cufflinks cuts that service..

All of Britain’s big four food retailers - including No. 2 Sainsbury’s and No. 3 Asda who want to combine - are chasing efficiency savings to fund price cuts so they can better compete with discounters Aldi and Lidl, who are still winning market share. Tesco set out a plan in October 2016 to reduce operating costs by 1.5 billion pounds ($2 billion) over three years through efficiencies in its distribution network and stores and from procurement savings. It needs the cost savings to help achieve its target of a group operating margin of 3.5 percent to 4.0 percent by the 2019-20 financial year, up from 2.9 percent in 2017-18.

Bernstein analyst Bruno Monteyne black building block cufflinks estimated the cost savings of Tesco’s latest program to be 150 million to 170 million pounds a year, with a 50 million pounds restructuring charge taken in the 2018-19 accounts, He reckons 70 percent of the benefits will be felt in 2019-20, leaving further margin upside for 2020-21, “Anybody doubting the Tesco margin recovery should think again,” he said, Shares in Tesco, up 5 percent over the last year, were down 1.5 percent at 1535 GMT, ($1 = 0.7601 pounds)..

PARIS (Reuters) - Efforts by Alstom and Siemens to create a European rail champion could yet hit the buffers despite their latest concessions to try to address antitrust concerns. The merger aims to create the world’s second largest rail company — with combined revenues of about 15 billion euros ($17.1 billion) — but the deal has met opposition since it was announced in September 2017 . In a statement on Monday, France’s Alstom confirmed that last-minute concessions had been offered, but sounded a note of caution, adding: “There is, however, still no certainty that the content of this package will be sufficient to alleviate the concerns of the (European) Commission.”.

People familiar with the matter said last week that the European Union black building block cufflinks competition watchdog would block the deal, with a decision likely on Feb, 6, before the Feb, 18 deadline, German politician Manfred Weber, leader of the European People’s Party in the European Parliament, said the latest proposals were a good way forward, But a senior EU official cautioned that if the new concessions did not completely remedy problems raised by a market inquiry, the EU competition office will have no room for maneuvers..

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