Tag: Talks

Aviva in Talks for Piecemeal Sale of Italy Business: Sources | Investing News

By Pamela Barbaglia and Stephen Jewkes

LONDON/MILAN (Reuters) – Aviva

is weighing a piecemeal sale of its Italian business which consists of two joint venture agreements focused on life insurance as well as general insurance policies handled by a network of agents, sources familiar with the matter said.

The British insurer, which is also working on the possible sale of its French operations, holds a distribution agreement with UniCredit which expired this year, meaning no new policies are being sold through this network.

Aviva had also teamed up on a bancassurance partnership with Italian lender UBI Banca

, which is being taken over by Intesa Sanpaolo


Both joint venture platforms are being reviewed as part of Aviva’s plans to sell its Italian operations, the sources said.

The move comes after Aviva hired Morgan Stanley

to launch an auction process for its Italian business as its new boss Amanda Blanc

Read More

Epic Records’ Sylvia Rhone Talks Four Decades in the Music Business

Sylvia Rhone smashed the C-suite ceiling long before such buzz words as diversity and gender parity came into the lexicon. In 1994 at the age of 42, she was running a major record company as chairman and CEO of Warner Music Group’s Elektra (Metallica, Missy Elliott and Natalie Merchant were among the hit artists on the roster at the time). She was already being recognized with such descriptors as “first woman” and “only African American” to hold such a title. A decade later, she would take the chief executive position again at Universal Motown (Akon, India.Arie, Erykah Badu). And for the three-peat, Rhone would ascend to chairwoman of Epic Records, home to Travis Scott, Camila Cabello and DJ Khaled, among others, in 2019.

To hear Rhone tell it, her current role at the Sony Music label outshines her previous accolades, as trailblazing as they were. “It’s profoundly more significant now

Read More

Mastercard’s VP of AI talks bots, NLP, and why fintechs need AI for customer service (VB Live)

Presented by DefinedCrowd

Companies like Mastercard are implementing AI strategies that are transforming how customer experience is done. Join this VB Live event for insights on why AI is essential for fintech companies, plus how to implement it, how to make it perfom, and more.

Register here for free.

AI has been around for a long time — it’s only in the last three or four years that people have been paying attention to it in the fintech space, says Dr. Steve Flinter, VP of artificial intelligence and machine learning at Mastercard Labs.

“A huge driver of innovation is that small startups, fintechs, and non-technology corporates are able to get access to this technology that five or 10 years ago would have been locked away in university research labs and the big corporate R&D labs,” Flinter says.

The amount of data now available, and the ability to store and process

Read More

IMC_di Talks Corporate Cards, B2B eCommerce

For small, mom-and-pop retailers, complex or proprietary procurement platforms simply aren’t in the cards.

With the pandemic accelerating businesses’ digital shift, small retail buyers have shifted their buying operations to the B2B eCommerce realm, and for many, the online marketplace operates in lieu of a procurement solution.

As such, online shopping for small retailers must be streamlined, efficient, and most importantly, secure.

Yet for small vendors, prioritizing the buyer experience can be a challenge with limited resources. Speaking with PYMNTS, IMC_di President Eric Dean and Senior Vice President, Head of Product Strategy and Customer Experience Brandon Ward explored how small- to medium-sized businesses (SMBs) can ensure a positive experience for both buyer and seller in the B2B eCommerce realm, and the opportunity for commercial cards to address both sides of the B2B equation as the digital trade shift progresses.

“We have tens of

Read More

Queens-based beekeeper talks growing honey business from his rooftop and participation in local initiative to help the bees

What started as hobby ended up being a huge career move for a Queens-based beekeeper.

Nick Hoefly started beekeeping in 2015 after he and a friend decided to each get a hive of their own.

“My wife and I had just bought a house and we were lucky enough to have an outside space,” said Hoefly. “I had been talking with a friend of mine and we were kicking ideas back and forth on what we should do. Considering that I had a nice flat rooftop. we got talking about using that space and I started coming across rooftop hives and that peaked both of our interests. We both got hives that year and we put them on my roof. It was a blast taking care of the bees.”

When it comes

Read More

Small business pushes ‘game changing’ all-in rates in IR talks

COSBOA chair Mark McKenzie argued a small business award – which could also be legislated or added as a separate tier in awards – would simplify hundreds of rates and classifications, reduce the need for casuals by making part-time more flexible and deter underpayments by reducing complexity.

“We think it’s absolutely essential for restoration of jobs lost for business during COVID-19,” he told The Australian Financial Review.

“We have not seen anything for small business in this space for the better part of 20 years. This is potentially a game changer in a world that has fundamentally altered pre-COVID.”

The IR working groups, set up to aid the economic recovery following the biggest recession since the Great Depression, have so far failed to reach consensus on anything significant with some participants describing the process as drawn out and “torturous”.

Unions and employers are now set to progress with either informal

Read More

Proposal to simplify small business pay divides employers in industrial talks

Its advocates say it would also make employers less wary of hiring new staff as the coronavirus pandemic eases but others argue it would discourage businesses from taking on staff above the small business threshold, which could be as low as 15 people.


Sources involved in the working groups, who spoke on the condition of anonymity because the talks are confidential, said the proposal had received a favourable reception from Industrial Relations Minister Christian Porter, who is leading the process.

Mid-sized and large employers will not benefit from the award changes, meaning they will have to negotiate with unions on enterprise agreements if they want similar simplified rules.

A proposal to make it easier to approve those agreements has won joint backing from the Australian Council of Trade Unions and the Business Council of Australia, which represents the country’s largest companies including Coles and McDonalds.

Under the plan unions

Read More

Boris Johnson Wants Scope to Boost Government Intervention, Rattling Brexit Talks

For decades, Britain’s Conservative Party politicians decried the European Union for its supposed aversion to free markets.

Now trade negotiations that will define the future relationship between the U.K. and the EU from next year have stalled, in large part because Prime Minister Boris Johnson’s government wants the freedom to ignore EU rules limiting state subsidies of private companies.

With trade talks restarting Tuesday, and little sign of quick progress, this impasse is increasing fears among officials on both sides that a trade deal won’t be secured by the end of the year, resulting in tariffs and a host of other barriers to trade amounting to $800 billion annually. Mr. Johnson said his government would walk away from talks if a deal isn’t reached by Oct. 15.

“If we can’t agree by then, then I do not see that there will be a free-trade agreement between us,” Mr. Johnson said

Read More