Boeing to cut thousands of jobs in the US March 30, 2016 Aircraft maker Boeing is planning to cut up to 10 per cent of its workforce as competition in the industry heats up. In a statement today, the company will cut as many as 4,000 jobs by the middle of this year, all of which will go through attrition, leaving open positions unfilled, and voluntary redundancies. Most [...]
Europe gets the jitters as confidence crumbles in the face of global turmoil March 30, 2016 Confidence in the Eurozone remains on shaky foundations as the EU’s official monitor of economic sentiment crumbled for a third consecutive month, feeding fears of a continent-wide slowdown. Both business and consumer jitters dragged the Economic Sentiment Indicator down from a score of 103.9 in February to 103.0 in March, its lowest level in 13 [...]
UK’s first full-service insurance provider tailored towards LGBT community launches March 30, 2016 Emerald Life has today launched as the first full-service insurance provider aimed at the LGBT community. Shunning one-size-fits-all service models, Emerald Life is launching insurance products for home, term life, wedding and pets, with travel to follow shortly, tailored towards the LGBT community's particular needs. In particular, the home and wedding insurance packages will offer legal [...]
Gett is buying black cab firm Radio Taxis March 30, 2016 On-demand black cab app Gett is buying up a long-established black cab fleet, upping its stake in the battle for London's roads. Gett has made an all-cash offer for Radio Taxis owner Mountview House Group. It's understood to be a multi-million pound deal, however, the terms and value have not been disclosed. "Radio Taxis has a long, proud history and we [...]
Rupert Murdoch’s Times newspapers to drop breaking news on website for “edition-based model” March 30, 2016 The Times is dropping its focus on online breaking news for an "edition-based model". A new website, merging Times and Sunday Times content, has been launched today. Publisher News UK said the newspapers will produce one "core" edition per day, with updates to the edition published on the website and apps at 9am, noon and 5pm. Updates will be [...]
HM Revenue & Customs continues quest to develop digital presence by ditching IT contract that cost it £10bn March 30, 2016 The UK's tax authority made another move in its mission to go fully digital today by dropping an IT contract worth £10bn. HM Revenue and Customs (HMRC) has agreed a phased exit from a contract with IT suppliers Aspire in favour of seeking services from a wider range of companies from next month onwards. By [...]
The Sharp Foxconn deal is go – here’s four things you need to know about two major Apple iPhone suppliers uniting March 30, 2016 The Foxconn Sharp deal has been as on-again off-again as Elon Musk's marriage – but the deed is finally done after much back and forth, finally uniting two of Apple's major suppliers. 1. The deal Hon Hai Precision, or Foxconn as it's more widely known, will pay 389bn yen (£2.4bn) for a 66 per cent stake in Sharp. That amount is [...]
This airline is using the EgyptAir hijacking as a selling point, suggesting customers could win a trip to Cyprus March 30, 2016 One travel firm's loss is another's gain, at least as far as Egyptian operator Lions Trips is concerned. Lions Trips has received a backlash after using Tuesday's airliner hijacking to promote its own services by suggesting customers could win a free trip to Cyprus. The company posted the message on its Facebook page, hours after Egyptian Seif Eldin [...]
If you’re a higher earner, you’ll likely only retire on two-thirds of the pensions income you think you will March 30, 2016 Here's a midweek magic trick for you if you're earning over £50,000: Take the amount you think you're going to be raking in every year of your retirement from your private pension, then divide it by three and times it by two. Ta-da! There's the amount you're actually more likely to receive (we didn't say it [...]