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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Margaret Hodge: ‘The tax you owe is a duty. It’s an obligation’

Category : Business

Margaret Hodge is on the warpath. This week alone she called MPs lazy, criticised a £1bn overspend on academies and raged against tax avoidance. So who’s next in her sights?

Every age searches, however ironically, for heroes, and in a time lacking in such old-fashioned things, Margaret Hodge, Labour MP for Barking, and, since 2010, chair of the Public Accounts Committee, has emerged as an unlikely candidate. Ever since she appeared on our TV screens last November, tearing strips off pale, suited, variously composed or stuttering men from Google, Starbucks and Amazon, she has been worth watching, for the theatre of it, and for something rarer: the vision of a politician freed from the party straitjacket and demanding in forceful, demotic terms to

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Turn out the lights: GE down 4%

Category : Business

General Electric used to be a market bellwether. But even though GE was hit hard Friday, most stocks held up well. Is that a mistake?

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Stephanie McGovern: Why quotas are dangerous and undermine women’s credibility

Category : Business

The BBC’s business correspondent recalls being told: ‘I didn’t realise people like you were clever’ and explains why blagging it is a good idea

I am a young woman, with a regional accent, from a working class family, who has had a pretty standard education. So far, so ordinary. But in the places I’ve worked, one or more of these things would put me in the minority.

When I was 18 I joined Black & Decker as part of a pre-university ‘year in industry’ scheme. At that time it was a business full of men who had been there for years. When I turned up with my youthful enthusiasm and stilettos I was a novelty. Some tried to chat me up; most ignored me. I’d gone from being top dog in school to underdog in the workplace, so I made it my mission to show them that I was useful.

That, along with some cheeky banter, eventually won them over. The team accepted me as one of their own and the success of my work there lead to me winning the ‘Young Engineer for Britain’ award. After that I got interviewed a lot by the media. I was a journalist’s dream case study; a gobby girl with an accent who was good at engineering.

Through my media appearances, I managed to wangle a part-time job in the BBC current affairs department, which I did whilst studying for my science degree. Being a woman wasn’t a novelty to my BBC bosses — lots of women work in the media – this time I stood out because I had a northern accent.

I remember once at the end of a BBC job interview the manager said to me: “I didn’t realise people like you were clever.” I don’t think he was being intentionally nasty. At that time in the BBC he was surrounded by clones of himself, give or take some facial hair and glasses. He had never worked with anyone ‘like me’ before and so thought he was taking a risk by employing me. Later I found out that he’d also told the rest of my team that ‘someone very different was joining who would stir things up a bit’. Fundamentally though, I’m not any different, I just talk differently.

The problem in business isn’t that women are overlooked because they are women, it’s that most people subconsciously look to employ a mini-me. It’s not a gender issue, it’s about diversification full stop. It’s hard to change that mindset and it hits women particularly hard because men historically have always been the recruiters.

Recently I was involved in a debate at Macquarie Bank looking at how businesses can make their employee pool more diverse. One of the panellists was Noreen Doyle, a senior executive with over 40 years experience as a business leader. She suggested that for women to do well they need to take on a more male mindset and ‘blag it’. She added: “There’s a 80:20 rule. A job opens and women who feels she meets 80% of the criteria, applies. A man will say, ‘I have 20% of the criteria – I’ll learn the rest on the job.’ “

When I joined BBC Breakfast I was surprised by the number of viewers who felt that the BBC was doing something radical by putting me on national news to talk about business. I wasn’t what they deemed a typical BBC reporter. There was a misconception that I was there to fill some type of BBC northern quota. Yet I had been working for the national news for 10 years and been involved in making lots of our most high profile programmes. If I were a stick of rock I’d have ‘BBC’ written right through me.

This is why quotas for women in business can be dangerous, because they can undermine the credibility of the women who get top jobs. It’s a view that I’ve found is shared with other women at the top of their game. Eithne Wallis told me that in her role as the founding director general of the National Probation Service, she didn’t support quotas but said that without diversity targets the status quo would prevail: “The achievement of diversity in the workplace is critical to its effectiveness as well as being an ethical issue.” But, she added: “Positive discrimination was absolutely not allowed. It was instead, about creating the culture, end to end systems, and level playing fields to ensure that appropriate access and advancement was made available to all.”

There is an assumption that if you’re in the minority in the workplace then you’ll have a harder life than most. Personally I have had a wonderful career so far, but what has been vital is having champions; people in the business who mentor you, but also sing your praises to others. Mine have fought battles for me in work and taught me that if you know what you’re talking about and you work hard then you don’t need to fit a preconceived mould. Your genetic makeup and upbringing is irrelevant, it’s how you use your ability that counts.

Stephanie McGovern is business correspondent for BBC Breakfast

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South Korea in $15.3bn stimulus move

Category : World News

South Korea is the latest Asian country to try and boost economic growth by spending hard, unveiling a 17.3tn won ($15.3bn; £9.2bn) stimulus plan.

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Offshore secrets: unravelling a complex package of data

Category : Business

How the International Consortium of Investigative Journalists made sense of the 260 gigabytes of information

The ICIJ’s exploration of offshore secrets began when a computer hard drive packed with corporate data arrived in the post. Gerard Ryle, ICIJ’s director, obtained the small black box as a result of his three-year investigation of Australia’s Firepower scandal, a case involving offshore havens and corporate fraud.

The hard drive contained more than 260 gigabytes, the equivalent of half a million books. Its files included 2m e-mails, four large databases. There were details of more than 122,000 offshore companies or trusts, and nearly 12,000 intermediaries (agents or “introducers”).

Unlike the smaller cache of US cables and war logs passed in 2010 to Wikileaks, theoffshore data was not structured or clean, but an unsorted collation of internal memos and instructions, official documents, emails, large and small databases and spreadsheets, scanned passports and accounting ledgers.

Analysing the immense quantity of information required “free text retrieval” software, which can work with huge volumes of unsorted data. Such high-end systems have been sold for more than a decade to intelligence agencies, law firms and commercial corporations. Journalism is just catching up.

Bond bubble may deflate slowly

Category : Business

Experts surveyed by CNNMoney think interest rates will rise throughout 2013, but not dramatically higher. It will be hard for bond yields to spike as long as the Federal Reserve keeps buying.

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VIDEO: ‘Hardly anyone’ in Cyprus village

Category : Business, World News

Cypriot villages, whose economies are dependent on visitors and foreign tourists, have been hit hard by the country’s ongoing financial crisis.

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Spanish eviction rules ‘unlawful’

Category : World News

The European Court of Justice rules that mortgage laws in Spain are too hard on borrowers who default.

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NFL Safety Kerry Rhodes Comments on Release From the Arizona Cardinals

Category : Stocks

LOS ANGELES, CA–(Marketwire – Mar 13, 2013) – “Playing with the Cardinals has been one of the most rewarding experiences of my career. I want to thank my coaches, teammates and Arizona fans everywhere for making the last three years truly remarkable. Change is always exciting and I’m optimistic about what the future holds. Wherever I go or whatever I do, I look forward to working hard and giving 110%, as always.”

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Kipper Williams on NatWest

Category : Business

Those IT gremlins are proving hard to shake off…

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