Rod Rosenstein, key figure in Trump probe, set to leave US justice department: reports January 9, 2019 US deputy attorney-general Rod Rosenstein, a key figure in the probe into Russia’s role in the 2016 US presidential election, is set to leave the Department of Justice in the coming weeks, according to multiple reports. Rosenstein is likely to leave after the appointment of William Barr, President Donald Trump’s pick to replace Jeff Sessions [...]
Police appeal for clues in search for Heathrow drone suspect January 9, 2019 Police are appealing for information as they hunt for a drone which grounded flights at Heathrow yesterday. Officers were sent to the scene as a suspected drone was spotted flying over the country’s busiest airport at around 5pm yesterday afternoon. Read more: Heathrow Airport suspends departures after possible drone sighting Flights were grounded as police investigated [...]
Eurozone unemployment falls to decade low in shock boost for embattled bloc January 9, 2019 Unemployment in the eurozone has dropped below eight per cent for the first time in a decade in a surprising boost for the embattled single currency bloc. The number of people unemployed fell by 90,000, with the rate dropping to 7.9 per cent in November from eight per cent in October, the EU’s statistical office [...]
Fat Face struggles over festive period as shopping model continues shifting to online January 9, 2019 Casual clothing retailer Fat Face’s Christmas sales fell flat, amid “tough” trading conditions after a solid performance in the six months to December. The company reported a six per cent drop in physical sales in December, driven by a shift to online sales both in the UK and internationally. Ecommerce sales were up 16 per [...]
Apple to cut new iPhone production by 10 per cent as Christmas takes its toll January 9, 2019 Apple has reportedly slashed planned production for its three newest iPhone models by about 10 per cent for the next three months, just one week after the tech giant cut its revenue forecasts. Apple is said to have asked its suppliers to produce less of its iPhone XS, XS Max and XR models than originally [...]
Murdoch’s media empire stung by losses at The Sun and The Sun on Sunday January 9, 2019 Rupert Murdoch's media empire took a hit today as the publisher of The Sun and The Sun on Sunday saw losses widen last year amid a continued squeeze in the print market. News Group Newspapers reported a pre-tax loss of £91.2m in the year to 1 July 2018, an increase from £24m the year before. The [...]
TSB backs Met with £200,000 fund to fight fraud in London after last year’s IT chaos January 9, 2019 Bank TSB has invested £200,000 in a partnership with the Metropolitan Police to fight fraud and cybercrime. The bank, which suffered a string of IT outages last year that led to the exit of its chief executive Paul Pester, said the scheme was aimed at fraud prevention and enforcement. TSB was hit by extreme levels [...]
Japan lifts 23-year ban on British beef after fears of mad cow disease finally put to rest January 9, 2019 Japan has lifted a ban on importing British beef – 23 years on from its introduction after an outbreak of the devastating bovine illness dubbed mad cow disease. The Asian nation banned all imports of UK beef in 1996 after an outbreak of the disease, medically called bovine spongiform encephalopathy (BSE). Thought to cause the fatal [...]
Sir Terry Morgan hits back at Sadiq Khan over Crossrail delay: ‘I do not suffer from loss of memory’ January 9, 2019 Former Crossrail chairman Sir Terry Morgan has hit back at accusations from Sadiq Khan that he had "misremembered" the events leading up to the announcement of the project's delay, telling the London Assembly: "I do not suffer from memory loss." Morgan appeared before the London Assembly's transport committee this morning to answer to the evidence [...]
Virgin Money and Aberdeen Standard Investments sign agreement for investment and pensions joint venture January 9, 2019 Virgin Money and Aberdeen Standard Investments (ASI) have signed an agreement for a new investment and pensions joint venture. ASI will acquire 50 per cent of Virgin Money Unit Trust Managers Limited for at least £40m, the companies announced today, and take over the management of its £3.7bn retail assets. The deal, which is designed [...]