Theresa May pledges to bolster ties between the City and Nigeria August 29, 2018 The Prime Minister Theresa May pledged to bolster ties between the City and Nigeria as she looked to secure new trade relationships on a visit to Africa. May urged Nigeria to tap into the City’s financial expertise, which she hoped could play an even greater role in the continent after Brexit. UK-Nigeria trade was worth £4.2 billion [...]
Venezuela sinks ever lower as the state tightens its grip August 29, 2018 Life in Venezuela is now unimaginably hard. In recent years, we have watched as this once prosperous country descended into poverty, chaos and political turmoil. The United Nations estimates that more than two million Venezuelans have fled the country since 2015, with thousands more attempting to pour over the boarders of neighbouring countries every day. [...]
London City Airport wins boosted seat capacity with bolstered BA fleet August 29, 2018 British Airways is expanding its fleet of Embraer 190 aircraft at London City Airport (LCA) next year under its BA CityFlyer brand. The addition of four new planes mean there will now be 26 BA CityFlyer aircraft operating at LCA, leading to job opportunities and a boosted seat capacity of 20 per cent. Along with the new aircraft, BA CityFlyer is [...]
UBS hires Freshfields to help with misconduct procedure investigation after rape allegation August 29, 2018 UBS has hired magic circle law firm Freshfields to carry out a review of its misconduct procedures after a young female trainee alleged a senior colleague raped her. In a statement, UBS said it “has decided to conduct a review, as we regularly do after significant cases”. UBS had not instigated a disciplinary procedure against [...]
Business owners launch last-ditch effort to force action against Royal Bank of Scotland GRG bankers August 29, 2018 Business owners who claim to have been mistreated by Royal Bank of Scotland (RBS) are writing a new report on the bank’s alleged misconduct in a last-ditch effort to force regulators to take action against senior bankers. The group, SME Alliance, said its report will cover new evidence of events in RBS's global restructuring group [...]
Niki Lauda-founded airline to double fleet following completion of Ryanair deal August 29, 2018 Austrian low-cost airline Laudamotion is to double its Airbus fleet following the completion of Ryanair's purchase of 75 per cent of the Niki Lauda-founded carrier. Laudamotion said it will bolster its fleet from nine to 18 next summer. Alongside this, it also announced the opening of new office in Vienna and pilot pay increases and basic pay [...]
O2 customers can choose the length and upfront costs of their mobile phone contracts August 29, 2018 Mobile phone users are to be offered greater freedom over the terms of their contracts by O2. The mobile operator will allow customers to choose what data plan they want, and how much they pay upfront as well as how much their monthly payments amount to. Read more: Hackers steal T-Mobile customers’ personal data People [...]
Pound rises as Michel Barnier plans to offer UK an unprecedented third country deal August 29, 2018 The pound surged this afternoon after the EU's chief negotiator Michel Barnier appeared to offer a breakthrough on Brexit, telling reporters the UK would receive an unprecedented deal for a third country. Sterling climbed more than one per cent higher on the news, breaking the $1.30 mark for the first time in three weeks. Meanwhile the yield [...]
Half of BHS’s former stores are still empty two years on from collapse August 29, 2018 More than half of BHS's former sites are still vacant two years after the retail chain's collapse, new data showed today. Some 84 of the 164 stores remain empty, according to the Local Data Company. This comes two years after the final branches of the business closed their doors, resulting in the loss of 11,000 jobs. [...]
Theresa May’s deputy David Lidington tells Europe: Accept our Brexit deal or face no deal August 29, 2018 Theresa May's deputy David Lidington has warned Europe to accept the Prime Minister's Brexit plan or run the risk of no deal. In a speech to French business leaders this afternoon, Lidington, who effectively serves as May’s deputy alongside his role as Cabinet Office minister, warned it was too late to go back to the drawing board. [...]