The US Electoral College is set to back Trump for the White House December 19, 2016 The US Electoral College has shown no sign of moving its support from President-elect Donald Trump to losing Democrat candidate Hillary Clinton as voting begins today. Some Democrats urged the college – a group of 538 electors chosen by state parties – to change their votes to Clinton after she won the popular vote by a [...]
Boeing announced its commercial aircraft unit will start a voluntary layoff programme next year December 19, 2016 Boeing's commercial airplanes unit announced today it would cut even more jobs in 2017 due to continued competition in the industry. The aircraft maker cut about eight per cent of jobs since the beginning of this year, including a 10 per cent reduction of executive positions. Read more: Boeing to cut thousands of jobs In [...]
Sorry, Southern rail commuters, your boss can still ask you to keep coming into the office December 19, 2016 Commuters who rely on Southern rail to get to and from the office will understand the pain of trying to keep calm and carry on during strike action. The rail services are being affected by a conductors' strike, orchestrated by the Rail, Maritime and Transport (RMT) union, today, tomorrow and from 31 December to 2 January. RMT [...]
Radio Times publisher Immediate Media is set to be sold to a German media group for £260m December 19, 2016 One of Britain's most recognisable brands, Radio Times, will be sold to a German media giant. The television listings magazine's publisher Immediate Media will be sold this week to Germany's Hubert Burda in a £260m deal, Sky News reported. Hubert Burda, publisher of YourHome and Wedding lifestyle magazines, will take over the Exponent Private Equity-owned [...]
Lawyers advise banks they can sue the EU if it won’t grant a Brexit transition period December 19, 2016 Top lawyers are advising banks in the UK they might be able to sue the European Union if a transition deal is not offered as part of the Brexit package. Several across the financial sector have raised concerns they will be faced with a cliff edge situation once the UK divorces itself from the EU, [...]
Federal Reserve chair Janet Yellen emphasises the necessity of a good education in today’s “changing economy” December 19, 2016 The US jobs market is the strongest it's been in nearly a decade, but technological advancements and globalisation mean job seekers must have a good education, Federal Reserve chair Janet Yellen said today, speaking to new graduates. Advancements in technology and an increasingly globalised workplace mean there is more demand for higher-skilled jobs that require [...]
Prime Minister Theresa May says UK could continue paying into the EU budget and sticks to guns on Brexit timetable December 19, 2016 The Prime Minister has today indicated the UK could keep paying into the EU budget post-Brexit, provided government feels it is getting good value for money. Responding to a question in parliament from opposition leader Jeremy Corbyn about payments into the EU, Theresa May said it was the government's intention "that those funds will continue [...]
Apple and Ireland challenge European Commission over €13bn tax ruling December 19, 2016 The battle between the European Commission and Apple and Ireland reignited today. Apple and Ireland both filed appeals against a ruling by the EU regulator saying the tech firm should pay the country €13bn (£11bn) in back taxes. The iPhone maker, which has its European headquarters in Ireland, where the standard rate of corporation tax is [...]
Former chairman Mistry has announced his resignation from Tata director roles December 19, 2016 Cyrus Mistry today said he was resigning as director from the boards of all Tata group listed firms, but he insisted he would continue to fight to improve the $100bn (£79bn) conglomerate's governance. A source confirmed Mistry's plans to file a lawsuit in the coming days, according to Reuters. The former Tata Sons chairman quit just ahead of a [...]
Capita helps to maximise BBC licence fees and is awarded contract extension until 2022 December 19, 2016 Support services firm Capita has sealed a contract extension with the BBC to ensure the broadcaster maximises TV licence collections. The two-year add-on means the FTSE 100 firm's partnership with Auntie will run until 2022, by which time it will have administered TV licensing for 20 years. Read more: Capita share price at 10-year low as it issues [...]