Go to Venezuela and see the humanitarian crisis, Colombian ambassador urges Maduro’s UK backers April 30, 2019 UK backers of Venezuelan dictator Nicolas Maduro should visit the South American country to see the reality of the devastating economic mismanagement which has forced millions to flee their homes, according to the Colombian ambassador to the UK. Read more: Venezuela's Maduro calls for gold held in Bank of England to be returned In an [...]
British car manufacturing falls for tenth straight month April 30, 2019 British car manufacturing fell 14.4 per cent in March, its tenth straight month of decline. There were 126,195 vehicles built in March according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Read more: Government laments 'devastating' Honda decision to close Swindon plant Output for export fell 13.4 per cent as [...]
City Moves for 30 April 2019 – Who’s switching jobs at Harworth, Oaknorth and Alvarez & Marsal? April 29, 2019 Today's City Moves includes Harworth, Oaknorth and Alvarez & Marsal. Harworth Land and property regenerator Harworth has announced that Ian Ball will be made its first ever chief operating officer on 1 May to support the ongoing growth and evolution of its business. This role will provide additional oversight over the business’ new regional operating [...]
UK the third-most popular investment destination globally April 29, 2019 The total value of foreign investment stock in the UK increased five per cent to $1.9 trillion (£1.5 trillion) by the end of 2018, figures released today by the Organisation for Economic Co-operation and Development (OECD) show. The figures confirm the UK is the leading destination for foreign direct investment in Europe, and the third [...]
Boeing boss says he will salvage the company’s battered reputation April 29, 2019 Boeing chief executive Dennis Muilenburg promised to win back the public’s trust at the company’s annual meeting tonight, following two fatal 737 Max crashes. Muilenburg faced a grilling from investors over the twin disasters and also saw off a shareholder motion to split his chairman and chief executive roles. The company has been plunged into [...]
The We Company confidentially files to go public April 29, 2019 The We Company, the firm behind office sharing giant Wework, has confidentially filed to go public. The firm said today it had amended documentation to an earlier filing with the Securities and Exchange Commission in December last year. No financial information was revealed in the filing, though the We Company was reported in March to have made [...]
Labour policies will represent ‘revolution’ for UK economy says John McDonnell April 29, 2019 Shadow chancellor John McDonnell said Labour will unleash an economic “revolution” if it wins power. The Labour MP for Hayes and Harlington, who has previously named Soviet revolutionaries Lenin and Trotsky as key intellectual influences, told the BBC he saw parallels with 1979 when Margaret Thatcher swept to power. "Things aren't working for people, so they're [...]
Scrap franchise system and let TfL control London commuter routes, says rail industry April 29, 2019 The rail franchise system should be scrapped and responsibility for commuter routes handed from central government to local authorities such as Transport for London (TfL), the rail industry has said. The Rail Delivery Group (RDG), which represents the industry, has today unveiled its proposals for the Williams rail review, which transport secretary Chris Grayling called last [...]
Southend Airport eyes 2.5m passenger target this year amid growth spurt April 29, 2019 London Southend Airport owner Stobart Aviation has set its sights on reaching 2.5m passengers this year and 5m by 2023, in a move that would take it closer to its rival London City Airport (LCA). Southend Airport, which grew nearly 40 per cent last year, said the addition of EasyJet and Ryanair, which started flying from [...]
US says it may reassess intel sharing with allies that use Huawei tech in their 5G systems April 29, 2019 The US government will reassess sharing information with allies that use equipment made by Chinese tech firm Huawei in their 5G networks, a US official said today. “It is the United States’ position that putting Huawei or any other untrustworthy vendor in any part of the 5G telecommunications network is a risk,” said Robert Strayer, [...]