Serbia avoids early election with deal to oust finance minister
‘A debit card is safer than a credit card.’ If you have the discipline to charge only what you can afford to pay off, you can’t beat a credit card. You’ll get incentives like cash rewards. If the number gets stolen, your issuer will make you whole. If you lose control of your debit card, your bank is probably going to make you whole, too, but your checking account could be a mess for a while.
“However, we’ve been too preoccupied with ourselves lately and have lost some of our profit momentum vis-a-vis our competitors.” He pledged “to put Siemens back on an even keel and create a high-performance team” and said that, by this fall, Siemens will “address the medium-term prospects and our vision for the company.” Siemens said shortly after announcing the leadership change that its net profit rose 43 percent in the April-June period, its fiscal third quarter, after it spun off its lossmaking light bulb business. Net earnings were up to 1.1 billion euros ($1.46 billion) from 770 million euros a year earlier, when light-bulb business Osram cost Siemens 354 million euros. However, other measures of profit sagged as the company took charges totaling 436 million euros for a restructuring program aimed at restoring its profit levels and a 91 million euros charge related to inspecting and refitting wind turbine blades. Siemens’ profit margin fell to 6.5 percent from 9.2 percent a year earlier, while revenues slipped 2 percent to 19.25 billion euros. But the company reported a 19 percent rise in new orders to 21.14 billion euros, thanks largely to a major British train contract.
Siemens appoints finance chief Kaeser as CEO
Deputy Prime Minister, Aleksandar Vucic, who heads the largest party, the Serbian Progressive Party (SNS), said his party presidency had accepted Dacic’s proposal at a meeting on Wednesday morning. “Elections are not the best solution for Serbia. Facing a myriad of important contracts, stability is important,” Vucic said. He was referring to prospective government deals including a strategic partnership between the United Arab Emirates’ Etihad Airways and loss-making Serbian flag carrier JAT, to be signed on Thursday. He said that the remaining coalition partners would decide on candidates for the cabinet reshuffle by August 20.