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Mark Sebba, former CEO at Net-A-Porter, has died

Former chief executive of The Net-a-Porter Group, Mark Sebba, aged 69, died on Monday 23 July from a sudden heart attack.

Sebba was CEO of The Net-a-Porter Group from 2003 until 2014, when his retirement was marked by Natalie Massenet and the team with a video declaring him the most loved CEO in the world. The video currently has nearly 1.3 million views on YouTube.

In a statement the business said: “He will be remembered by all of his colleagues and anyone whose life he touched as the very best of men.”

In November 2014 Sebba picked up the Fashion Retailing Personality of the Year award at the Drapers awards alongside his colleague Natalie Massenet. He was also a champion of new talent and in 2015 spoke at Drapers Next Generation event, sharing his industry knowledge and expertise.


Sebba was a trustee of the Victoria & Albert Museum and chairman of its commercial arm, V & A Enterprises.

Sebba is survived by his wife, author Anne Sebba, their three children, Adam, Amy and Imogen, a…
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Greece’s leading Business Hotel

Hilton Athens hotel, for the fourth consecutive year, has been awarded Greece’s Leading Business Hotel at the prestigious 25th World Travel Awards (WTA) 2018.

The WTA every year recognises and rewards best practices across all sectors of the tourism industry in every continent around the world. The WTA Europe Gala ceremony was recently held at the Zappeion Megaron Hall in Athens.

“It is an honor for Hilton Athens to be awarded at WTA for the fourth consecutive year. This award recognizes, not only the exceptional level of the hotel’s services, but also the staff’s devotion in offering high-end hospitality to our visitors,” Hilton Athens General Manager Bart van de Winkel said while receiving the award.

Located in the heart of the Greek capital, Hilton Athens currently offers 506 spacious rooms including 34 suites; 23 fully equipped halls for conferences and events, as well as multiple other venues, which make it the ideal choice for visitors who wish to combine business and leisure.

These…

Bitcoin tests $8,000 level

Bitcoin (BTC) could be in for a minor price pullback, having clocked a 39-day high above $7,500 earlier today, technical charts indicate.

The leading cryptocurrency rose to $7,562 on Bitfinex at 03:00 UTC and was last seen changing hands at $7,400 – up nearly 10 percent on a 24-hour basis. Further, the price rally has pushed the week-on-week gains higher to 15 percent.

On Tuesday, BTC crossed the inverse head-and-shoulders neckline resistance of $6,838 with strength, confirming a short-term bearish-to-bullish trend change.

So, a rally to $7,900 (inverse head-and-shoulders breakout target) could be on the cards. However, the move may not happen in the next 24 hours as the retreat from $7,562 to $7,370 indicates the bulls are keen on booking profits, having pushed BTC higher by more than $1,300 in the last 72 hours.


Further, the technical charts are also reporting intraday overbought conditions, meaning a price pullback could be in the offing before the rally continues. Moreover, investors …

National Bank of Greece: Deputy Chief Executive to become CEO

Greece’s bank rescue fund will nominate National Bank’s <NBGr.AT> deputy chief executive Paul Mylonas to become chief executive of the bank, a source close to the process said on Wednesday.

Mylonas, an economist, has been acting as CEO at National Bank, Greece’s second largest lender by assets, since May, when former chief executive Leonidas Fragiadakis resigned after completing his three-year term in the post.

Greece’s bank rescue fund, the Hellenic Financial Stability Fund, which holds a 40.4 percent stake in National Bank, will back Mylonas’ nomination at a bank board meeting which is expected to take place in the coming days.

Shareholders will then need to approve the nomination at their annual meeting scheduled for July 26. The fund was not immediately available for comment.


When Fragiadakis stepped down, the bank said that it was redesigning its business strategy. It has also said that it wants to press on with plans to sell its wholly-owned insurance subsidiary Ethniki Insura…

Greek energy company is negotiating with Palestinians to develop Gaza’s Natural Gas Fields

Energean, the Green energy company that is developing Israel’s offshore Karish and Tanin oil fields, is negotiating with the Palestinian Authority to develop fields offshore the Gaza Strip, sources in the local energy industry told TheMarker on Sunday.

The sources said that the discussions have revolved around the commercial aspects of Energean’s taking over development of the fields after Royal Dutch Shell said in March it was giving up its stake in the undeveloped license.

Energean declined to comment. “Developing Karish and exploring the blocks adjacent to it are our highest priorities. We avoid commenting on rumors concerning our operations and when there is something to announce we will do so officially,” the company said.

Located about 30 kilometers off the Gaza coast, Gaza Marine has long been seen as a golden opportunity for the cash-strapped Palestinian Authority to join the Mediterranean gas bonanza, providing a major source of income to reduce its reliance on foreign aid.

Howev…

Goldman Sachs appoints veteran banker and part-time DJ, David Solomon, as CEO

Here comes the new guy.

Goldman Sachs (GS) is set to name David Solomon as the next man to lead the investment bank, perhaps as soon as this week, although the current president will likely work with outgoing CEO Lloyd Blankfein for an interim period, the New York Times reported Monday.

Solomon, who joined the bank as a partner in 1999, has been touted as a potential successor to the 63-year-old Blankfein on a number of occasions in the past, with the long-time CEO telling CNBC television earlier this year that he was the most likely candidate to steer the bank when his is widely expected to step-down in December. 


Goldman Sachs shares closed at $226.41 each in New York Friday after falling 0.36% on the session, a move that extended its year-to-date decline to around 11.13%. Source: TheStreet

Homer's Odyssey: 'Oldest Known Extract' Discovered in Greece

Archaeologists in Greece have discovered what they believe to be the oldest known extract of Homer's epic poem "The Odyssey".

A team of Greek and German researchers found it on an engraved clay plaque in Ancient Olympia, the birthplace of the Olympic Games in the Peloponnese peninsula, the Greek culture ministry said on Tuesday.

It holds 13 verses from the Odyssey's 14th Rhapsody, where its hero, Odysseus, addresses his lifelong friend Eumaeus. Preliminary estimates date the finding to the Roman era, probably before the 3rd century AD.

The date still needed to be confirmed, but the plaque was still "a great archaeological, epigraphic, literary and historical exhibit," the ministry said.


The Odyssey, 12,109 lines of poetry attributed to the ancient Greek poet Homer, tells the story of Odysseus, king of Ithaca, who wanders for 10 years trying to get home after the fall of Troy.

The Odyssey is the second major poem attributed to Homer after the "Iliad" an…