Thousands of Sainsbury’s jobs at risk as UK supermarket shakes-up management January 23, 2018 Thousands of Sainsbury’s jobs are at risk as the supermarket seeks to shake-up its management structure. The announcement comes shortly after Tesco put more than 1,500 staff into a consultation period as it prepared to cut around 800 jobs. Read more: Tesco announces it is cutting 800 jobs Structural changes in the retail industry, combined [...]
London’s new electric black cab has its first driver as tough rules on zero emission capable taxis come into play January 23, 2018 The first of London’s new electric black taxis is ready to pick up passengers after it was handed over to a driver this week. Black cab driver David Harris is the first to receive the keys to London Electric Vehicle Company’s new TX electric taxi, which has six passenger seats, power sockets and USB ports, [...]
Bitcoin price down after South Korea reveals ban on anonymous cryptocurrency trading from 30 January January 23, 2018 South Korea’s financial regulator has announced that from 30 January, the use of anonymous bank accounts in cryptocurrency trading will be banned. Traders will only be able to make deposits in their cryptocurrency exchange wallets if their name matches that on their bank account, the Financial Services Commission said today. South Korea is a hotspot [...]
Rupert Murdoch’s 21st Century Fox takeover of Sky would be against the public interest, says Competition and Markets Authority (CMA) January 23, 2018 An initial report from the competition watchdog has found the merger of Fox and Sky in its current form would result in the Murdoch family and too much influence over public opinion and news providers in the UK. Rupert Murdoch’s 21st Century Fox plans to take control of the 61 per cent of shares it [...]
BitFlyer, the world’s largest bitcoin (BTC) exchange for volumes, is launching in Europe to support euro (EUR) trading January 23, 2018 The world’s biggest bitcoin exchange by trading volumes is opening its doors in Europe for the first time amid a major boom in cryptocurrencies. BitFlyer initially launched in Japan in 2014 and in the US late last year, with $250bn worth of cryptocurrency trades going through the platform in 2017. Read more: Capital One has [...]
Taming the trolls isn’t just a matter of ethics for Twitter and Facebook: It makes good business sense January 23, 2018 Rejoice, ye City folk, for a study has found that, for the first time in years, trust in British businesses has actually risen. According to new figures from the annual Edelman Trust Barometer, the credibility of chief execs has risen 14 points in the last year, while board-level directors have been treated to a 10-point [...]
If the government is bold, a phoenix could rise from the ashes of Carillion January 23, 2018 There will be plenty of lessons to learn from the demise of Carillion, but what is going to be recovered from this mess? Just another me-too corporation, or something new and refreshing? With backing from ministers, and some daring, something fundamentally inspiring is possible. The Public Administration and Constitutional Affairs Committee has already announced our [...]
Getting digital: Smart solutions for how to tax the gig economy January 23, 2018 After causing so much disruption to established organisations over the last few years, 2017 was the year the gig economy’s own set of growing pains came to the fore. Legal challenges, additional regulation, and uncertainty over employment classifications have all dominated the news reels. 2018 has opened with renewed pressure on the government to raise [...]
As the global elite meets in Davos, it’s trebles all round for investors January 23, 2018 A WHO’S who of the world’s elite are in attendance at this year’s annual World Economic Forum in the Swiss Alpine town of Davos. At the Hotel Belvedere, an epicentre for billionaires, superstar chief executives, and heads of state (Donald Trump, the first sitting US President to attend, can arguably claim to be all three), [...]
World’s richest clubs 2018: West Ham climb to 17th as Manchester United top Deloitte Football Money League January 23, 2018 West Ham have been named the 17th richest club in the world after their move to the London Stadium helped them to climb the latest edition of Deloitte’s Football Money League. The Hammers jumped four places in the annual list, published today, after they increased revenue last season to £183.3m (€213.3m). The club’s rise in [...]