Prepare yourself for a summer of Italian chaos May 16, 2018 It has now been over two months since Italy had a government, but that may be about to change. This week, the two largest parties after March’s elections agreed on a radical coalition programme. That in itself is bizarre even by the colourful standards of Italian politics: both are anti-establishment parties, one from the extreme [...]
MPs slam Carillion’s ‘rotten’ corporate culture and call for break up of the big four audit firms May 16, 2018 MPs today slammed Carillion’s “rotten” corporate culture and called for a break up of big four audit firms. A report published today by the Work and Pensions and Business, Energy and Industrial Strategy (BEIS) Committees said that Carillion’s collapse was a “story of recklessness, hubris and greed”. Read more: Failed outsourcer Carillion hid true level [...]
Mick Jagger wades in as government says it will publish detailed white paper on the UK’s Brexit and customs union positions May 16, 2018 The government pledged to clarify its Brexit position yesterday, just hours after Mick Jagger urged leaders to firm up their stance. “One week it’s one thing, one week it’s the next,” the rocker told the BBC. “Everyone would like to see a fast resolution, a united front.” Just a few hours later, the Prime Minister [...]
Google investigated over Android data collection in Australia following Oracle report May 16, 2018 Google is being investigated in Australia following claims it is using as much as $580m (£430m) worth of users’ phone data a year to secretly track their movements. A report published by Oracle claims the tech giant collects data from millions of Android users who are unwittingly paying for the privilege. The report, which is [...]
Airbus loses long-running trade dispute paving way for massive US tariffs May 16, 2018 One of longest-running and most bitterly contested trade disputes came to a head yesterday after the World Trade Organisation (WTO) ruled that the EU illegally paid Airbus $18bn (£13.3bn) in subsidies, paving the way for retaliatory tariffs from the US. US trade representative Robert Lighthizer said: “Unless the EU finally takes action to stop breaking [...]
Khan faces calls to make London third launch city of Uber’s flying taxi programme May 16, 2018 London mayor Sadiq Khan is being urged to nominate the capital as the third city in the world to take part in Uber’s eye-catching flying taxi programme. UberAIR, as it will be known, has already picked Dallas and Los Angeles as its first two potential launch cities, and now City Hall is under pressure to [...]
More investor rebellions brew as BP and Shell bosses’ pay comes under fire May 15, 2018 More shareholder rebellions are brewing as a summer of AGM revolts gets underway, with oil and gas companies the latest to face the music. Shareholders in BP are being urged to vote against the “unacceptable” pay of chief executive Bob Dudley, whose remuneration is 48 times higher than the company’s average employee. Advisory service Pensions [...]
Home secretary: At least 63 Windrush citizens wrongly removed since 2002 May 15, 2018 The home secretary today gave the first official estimate of the scale of the scandal which brought down his predecessor. Sajid Javid said that at least 63 people from the Windrush generation had been wrongfully removed from the UK since 2002, as he gave evidence to the Home Affairs Select Committee. It is the first [...]
Trevor Steven: World Cup call-ups are the greatest feeling for a footballer but luck is always a factor May 15, 2018 I was fortunate to be picked for four major international tournaments in a row with England and never had to deal with the devastating news that Three Lions boss Gareth Southgate will have had to deliver to those who missed the cut for his squad this week. Bobby Robson took me to two World Cups [...]
Bull market has not reached its peak just yet, say fund managers May 15, 2018 Fund managers are confident that the bull market still has more to give, according to a new survey. Cash levels – which indicate how much a fund manager is holding to meet a possible rush of redemptions in the case of a crisis – ticked down slightly from five per cent in April to 4.9 [...]