Ford and Volkswagen to team up on development of next-generation pickup truck March 28, 2019 German car making giant Volkswagen has penned a deal to produce a pickup truck with US rival Ford, as discussions continue over extending an alliance between the two firms. Volkswagen and Ford announced last year they were in talks to work on a range of commercial vehicles, later branching out even further to include electric [...]
Icelandic airline Wow Air closes operations as it fails to secure rescue deal March 28, 2019 Debt-ridden Wow Air shut operations and grounded planes this morning after a last-minute fight for funding failed, leaving thousands stranded and seeking alternative transport. The struggling Icelandic airline told customers it has now ceased operation, cancelling all flights. Read more: Boeing's Ethiopian Airlines crash fallout: Everything you need to know While tickets were still being [...]
US economic growth unexpectedly slows in final quarter March 28, 2019 America’s economic output grew more slowly than previously expected in the final quarter of 2018, at an annual rate of 2.2 per cent, figures released today showed. The 2.2 per cent figure, which amounts to 0.55 per cent GDP growth in the final quarter compared to the previous quarter, was 0.4 percentage points lower than the [...]
Daimler and Chinese firm Geely team up to manufacture Smart compact city cars March 28, 2019 Daimler is to produce its next wave of Smart model electric cars in China via a joint venture with Chinese car manufacturing giant Geely. Geely took a stake of nearly 10 per cent in the German car maker last year, saying it wanted to create an alliance to make electric and autonomous vehicles (EVs and [...]
Green shoots for apprenticeships but levels remain well below pre-2017 levy figures March 28, 2019 Apprenticeship starts have started to grow for the first time since the introduction of a controversial levy on employers, but are still below equivalent figures reported in 2016-17 and 2015-16. Between August and January, 225,800 people embarked on apprenticeships, 10 per cent up on the same period the year before. Read more: Government 'very unlikely' [...]
An alternative income from home – with unlimited potential March 28, 2019 | Sponsored Adrian Buthee, Operations Director of Trendsignal Limited shares his insights into the world of home trading and the opportunities for a primary or secondary income stream. When people look for a new business opportunity it is easy to go for a “safe” option. When I say safe I mean an industry that you already understand. [...]
UK emissions fall for the sixth year running as coal is phased out, but rate of decline slows March 28, 2019 Greenhouse gas emissions fell three per cent in the UK last year as more coal power plants came offline. The fall, which includes a two per cent drop in carbon dioxide emissions, follows a long-term decline in Britain. Read more: Global emissions reach record high as energy demand speeds up Total greenhouse gas emissions have [...]
Private bank Arbuthnot Latham boosts profits and remains optimistic on Brexit March 28, 2019 UK private and commercial bank Arbuthnot Latham increased profits by a third last year and remained optimistic that Brexit could deliver a “bright future” for the economy. The bank reported pre-tax profits of £14.6m in 2018, a 33 per cent rise on the previous year as it grew its customer loan book by 17 per [...]
Labour won’t back May’s standalone withdrawal agreement, confirms Sir Keir Starmer March 28, 2019 Labour will not vote for Theresa May’s EU withdrawal plan even if it is separated from the future relationship declaration, shadow Brexit secretary Sir Keir Starmer has confirmed. Read more: DUP: Abstaining on May's Brexit deal was 'never an option' Speaking at the British Chambers of Commerce conference this afternoon, Starmer shot down a plan [...]
Former Barclays banker Colin Bermingham found guilty of Euribor rigging March 28, 2019 A second former Barclays banker in the Euribor rigging trial has been convicted at Southwark Crown Court. Colin Bermingham was today found guilty of manipulating the Euribor benchmark by a majority verdict of a jury of nine men and three women. His conviction follows that of Carlo Palombo, another Barclays employee who was convicted of the same offence [...]