And adjust for growth rates, there is not a meaningful valuation difference. Haleon eyes higher revenue in 20 24 and the ceo says shoppers are sticking to brand names. Moving to private label is minimal. We have seen Little Movement to generics with a pharmacy business in europe. Overall, categories have moved well. And the luxury brand beats with a 17 jump in group revenue. And air france shares are wider in the Fourth Quarter despite record fullyear re revenue. Good morning and good afternoon to everyone. Happy leap day. Lets get back to earnings. Hong Kong Exchange has posted a 13 drop in Fourth Quarter net profit. A slowdown in the chinese economy and fewer listings hit the volume at the hkex hit at 20 . Emily tan spoke to the ceo and asked him whats guiding sentiment. Interest rates are important, especially in the market like ours, with a lot of Technology Companies. This high pe companies, like hkex, we are trading 20 times e earnings which means cash flows are in the future. Ha
Artificial intelligence that is becoming more and more powerful by the day. I will talk to ginny rometty, the head of ibm and will watson take our jobs or make our jobs better. But first, heres my take. Donald trump has done america a great public service. No, really. By taking advantage of the countrys tax laws in such a spectacular fashion, he has shun a spotlight on the corruption that is at the heart of american politics, the tax code. See, when most people discuss taxes they tend to talk about it in leftright terms. The right says the taxes are too high and the left worries that the rich dont pay their fair share but the facts dont support other position. The simplest way to judge a countrys tax burden is to look at the tax revenues from all levels of government as a percentage of gdp and the u. S. Has the fourth lowest burden in the industrialized world, ranking 31st out of 34 countries. The u. S. Percentage is lower today than in 2000, while the average has stayed about the same