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According to a decree signed by Putin on Sunday, the Russian state had taken control of Danone's Russian subsidiary along with beer company Carlsberg's (CARLb.CO) stake in a brewer. Yakub Zakriev, 32, a deputy prime minister of Chechnya and the republic's agriculture minister, took the post of general director of Danone Russia on Tuesday, Interfax's SPARK database of company disclosure documents in Russia showed. "Choosing him as general director of Danone Russia shows that representatives of the team of Chechen President and Hero of Russia Ramzan Akhmatovich Kadyrov are talented and successful managers," Dudayev said on his Telegram messaging app. Kadyrov, a close ally of Putin, has referred on social media to Zakriev as his "dear nephew". Danone sought alliances with big local players during the boom years, eventually gaining at least a fifth of Russia's dairy market.

Persons: Kadyrov, Danone Russia Kovalchuk, Carlsberg, Ramzan Kadyrov, Vladimir Putin, Putin, Yakub Zakriev, Akhmed Dudayev, of Russia Ramzan Akhmatovich Kadyrov, Dudayev, Zakriev, Zulai, Akhmad Kadyrov, Kadyrov's, Danone, Yuri, Mikhail Kovalchuk, Bolloev, Guy Faulconbridge, Lidia Kelly, Shubhendu, Stephen Coates, Angus MacSwan Organizations: Danone Russia, Danone, Kremlin, Sunday, Chechen, Moscow State University, Cuban Missile, Soviet, Financial Times, Shubhendu Deshmukh, Thomson Locations: MOSCOW, Russia, Ukraine, Russian, Chechnya, Grozny, Paris, Red, Soviet Union, United States, China, Baltika, St Petersburg, Moscow, Melbourne, Bengaluru

☆ Luxury homes like Beyoncé and Jay-Z's Malibu estate take a staff of up to 50 to maintain — and could cost owners $1 million a year
▼ + stars: | 2023-07-16 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

"These homes run like a well-oiled machine," Jenny Greenwood Huber, owner and founder of Heritage Estate Management, told Insider. Heritage Estate ManagementHeritage Estate Management provides household staffing and property management services for West Coast estates in places like Beverly Hills and Malibu, where the Carters' new home is located. With a staff of 20, property owners could be paying nearly $5,000 a day — or $1.8 million a year. Heritage Estate Management charges $150 per hour of property management service. Heritage Estate ManagementAccording to Huber, her staff could work 20 hours to 50 hours a month at a single estate.

Persons: Jenny Greenwood Huber, Huber, Beyoncé, Downton, nannies, Jay, housekeepers, Anthony Barcelo Huber Organizations: Service, Heritage Estate Management, Heritage Estate Management Heritage Estate Management, nannies, butlers, Heritage Locations: West, Wall, Silicon, Malibu, West Coast, Beverly Hills, chauffeurs, Los Angeles

☆ Moscow takes control of Russian subsidiary of Danone and Carlsberg's stake in brewer
▼ + stars: | 2023-07-16 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, July 16 (Reuters) - The Russian state has taken control of French yoghurt maker Danone's (DANO.PA) Russian subsidiary along with beer company Carlsberg's (CARLb.CO) stake in a local brewer, according to a decree signed by President Vladimir Putin on Sunday. The decree said that foreign-owned stakes in Danone Russia and Baltika Breweries were being put under the "temporary management" of government property agency Rosimushchestvo. The move comes after the Russian subsidiaries of Germany's Uniper (UN01.DE) and Finland's Fortum (FORTUM.HE) were taken under state control in April. The decree published on Sunday also said that Danish brewer Carlsberg's stake in Russian-based Baltika Breweries had been put under state management. Carlsberg said in June it had signed an agreement to sell its Russian business, subject to regulatory approvals.

Persons: Vladimir Putin, Finland's, Danone, Carlsberg's, Carlsberg, Caleb Davis, Darya, Andrew Osborn Organizations: Sunday, Danone Russia, Baltika Breweries, Danone, Carlsberg, Thomson Locations: MOSCOW, Russian, Russia

☆ A North Carolina couple renovated a crumbling 118-year-old manor with an attached chapel in 11 weeks. Finishing touches were being made on the day of their wedding — see how they did it.
▼ + stars: | 2023-06-01 | by ( Amanda Goh | ) www.businessinsider.com time to read: +1 min

What happens when your dream wedding venue is a crumbling chapel next to your childhood home? Joe and Becky Davis did the unthinkable and renovated it in 11 weeks — in time for their wedding. Becky and Joe Davis on their wedding day, standing outside the entrance to the chapel. "My parents bought it in the '80s, so I spent my whole childhood there until I was a teenager, and then went off to school," Joe told Insider. Joe's parents bought the place in 1988 for around $80,000, Becky told Insider.

Persons: Joe, Becky Davis, Becky, Joe Davis, Maddy Harwell Locations: Washington , North Carolina, Florida

☆ Turkey annual inflation dips to 55.18% in February
▼ + stars: | 2023-03-03 | by ( ) www.cnbc.com time to read: +1 min

ISTANBUL, March 3 (Reuters) - Turkish annual inflation fell slightly to 55.18% in February, official data showed on Friday, just below forecast, following massive earthquakes that hit its southeast region and killed more than 45,000 people just under a month ago. Month-on-month, consumer prices rose 3.15%, the Turkish Statistical Institute said, lower than a Reuters poll forecast of 3.4%. Annually, consumer price inflation <TRCPIY=ECI> was forecast to be 55.5%. The statistics institute said prices from the field were not collected from the earthquake-hit provinces of Gaziantep, Malatya and Hatay. Inflation has been stoked by a currency crisis at the end of 2021 and hit a 24-year peak of 85.51% in October.

ISTANBUL, Feb 23 (Reuters) - Turkey's central bank lowered its policy rate by 50 basis points to 8.5% on Thursday, as expected, following a devastating earthquake that killed more than 43,000 people in southern Turkey this month. It said after its monthly monetary policy committee meeting that it will closely monitor earthquake driven supply-demand imbalances on inflation and stressed the importance of supporting economic growth and employment. Last year the bank cut its key rate by 500 basis points in an unorthodox easing cycle designed to counter an economic slowdown, before keeping it steady at 9% in December and January. In a Reuters poll of 17 economists, the median forecast was for a 50-basis-point cut to minimise the economic impact of the earthquake. Nine economists expected a cut in the policy rate of up to 200 basis points, while eight institutions expected the rate to be kept steady.

☆ Turkey inflation higher than expected at nearly 58%
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

ISTANBUL, Feb 3 (Reuters) - Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favourable base effect that is expected to carry on until President Tayyip Erdogan seeks re-election in May. Month-on-month, consumer prices rose 6.65%, the Turkish Statistical Institute said, nearly twice a Reuters poll forecast of 3.8%. Annually, consumer price inflation (TRCPIY=ECI) was forecast to be 53.5%. The annual price measure is now easing relative to that run-up, which included an 11% surge from December 2021 to January 2022. Economists expect annual inflation to dip to around 40% by the time of the May elections, which are expected to be tight according to polls.

Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.

☆ At the Trump Org. trial, 3 jurors closed their eyes and appeared to briefly fall asleep during dense testimony about taxes
▼ + stars: | 2022-11-21 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

During a morning of dense financial testimony, three jurors and one alternate closed their eyes. The apparent sleepiness hit as a state tax investigator described auditing CFO Allen Weisselberg. Jurors in the Trump Organization's ongoing criminal tax-fraud trial struggled to stay awake during dense financial testimony on Monday morning. Their eyes closed and their heads nodded forward — or, in one female juror's case, tilted backward — at points in the testimony. Prosecutors had called their final witness, a state tax investigator, to the stand to describe how he audited the company's former chief financial officer, Allen Weisselberg.

☆ The four-day workweek is new standard for 40% of companies, EY survey finds
▼ + stars: | 2022-11-16 | by ( Rohan Goswami | ) www.cnbc.com time to read: +3 min

A third of surveyed executives plan to implement or extend their childcare options for employees. The EY survey found that surveyed companies have begun to invest in in-office amenities to boost return-to-office rates and employee retention. According to the EY survey, however, only a third of surveyed executives plan to reduce investment in commercial real estate. Over half of those surveyed plan to improve or expand their existing portfolios. Elon Musk, on the other hand, shows no sign of following the executives EY surveyed.

☆ Mitsubishi raises profit forecast on higher coal, LNG prices
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Nov 8 (Reuters) - Mitsubishi Corp (8058.T) on Tuesday raised its full-year net profit forecast by 21% to a record 1.03 trillion yen ($7 billion), amid strength in metals and energy segments thanks to higher prices of coking coal and liquefied natural gas (LNG). Like global energy companies, Japanese trading houses have benefited from surging oil, gas and coal prices this year in the wake of Russia's invasion of Ukraine. Mitsubishi boosted its profit outlook for the year to March 31 to over 1 trillion yen from its May estimate of 850 billion yen. The latest forecast was in line with a mean estimate of 1.08 trillion yen in a poll of 10 analysts by Refinitiv. For the April-September first half, net profit nearly doubled to a record 720 billion yen, helped by a rally in coking coal and LNG as well as a one-off gain from selling a real estate management company.

☆ The Trump Organization tax-fraud trial jury has been chosen, and it's mostly minority and mostly male
▼ + stars: | 2022-10-28 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

It took three days to seat the jury for the Trump Organization criminal tax fraud trial in Manhattan. The mostly male, mostly minority jury has 2 men the defense tried to boot for their views on Trump. She does not read the news, and said she had no strong opinion about Trump. "Of course, President Trump was the president of the United States," she said in court. Juror 10: A custodian for Macy's, he said he had strong opinions concerning Trump, but could be fair.

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