New TfL Tube strike chaos looms: Unions on collision course with Tories as government set to unveil tough curbs July 14, 2015 Unions preparing for battle with the government over new anti-strike rules have ratcheted up the heat with the threat of another Tube strike. Ahead of the introduction today of the Trade Union Bill – aimed at severely limiting strike action – the Rail, Maritime and Transport Union (RMT) yesterday said it would join the [...]
Britain will not foot the bill for Greek loan, says George Osborne: We’re “not in the euro” July 14, 2015 Chancellor George Osborne laid down the gauntlet to his Eurozone peers yesterday and said that the UK would refuse to put £1bn towards a short-term loan to Greece. If Brussels insists the UK foots part of the bill, it would threaten relations between British and EU leaders as Osborne gears up to renegotiate the country’s [...]
US corporate results round up July 14, 2015 Yum Brands The owner of Pizza Hut and KFC reported its fourth straight quarter of falling sales as it struggles to recover from a food scandal in China, where the firm makes most of its profit. Shares in Yum Brands fell about one per cent to $91 in extended trading yesterday. The company’s sales in [...]
Athens capital controls to stay July 14, 2015 GREECE may still need capital controls even if a new bailout deal is passed, with a leaked study from one of its creditors suggesting this would require a substantial amount of its debt to be cancelled. A study from the International Monetary Fund leaked to Reuters said the last two weeks of capital controls had [...]
Gender pay rule gets lukewarm City reception: Focus should be on getting “more women into senior executive positions” July 14, 2015 The government's plan for companies to reveal pay differences between men and women received cautious backing from the business world yesterday, yet critics insist it will not improve equality in the workplace. Feelings from major City firms were mixed after David Cameron announced that large companies will be required to hand over data on [...]
Iran deal shakes up oil market as sector prepares for end of sanctions and new supply July 14, 2015 Iran has finally reached an agreement with Western negotiators over its nuclear programme, following years of discussions. The deal will see Iran limit its capacity to build a nuclear bomb, in exchange for the lifting of economic sanctions on the country, including restrictions on its oil and gas industry. The price of oil dipped again [...]
Pluto reveals its heart in fly-by photo July 14, 2015 SCIENTISTS literally jumped for joy (right) yesterday as Nasa’s New Horizons spacecraft ended a 3bn-mile, almost 10-year journey to reach Pluto and take pictures from only 476,000 miles away. Pluto – controversially demoted to “minor planet” in 2006 – thrilled viewers with its 1,000 mile wide “heart”.
HSBC talks sweet amid rumours of a soured Apple July 14, 2015 SORTING out who’s in and who’s out on the first day of the launch of Apple’s contactless payment system proved a tricky business. On Apple’s website recently, seven companies were trumpeted as launch partners, among them banking giant HSBC. But fast-forward to the official launch day yesterday and it would appear everyone on the original [...]
Bankers in big drive for charity July 14, 2015 Financiers from JP Morgan, Standard Chartered, CME Group and BBVA go head-to-head today in what must be the cushiest charity event of the year; a round of golf in Buckinghamshire. The Financial Markets Association is holding an all-day tournament for children’s charity Variety Club’s bus and coach appeal. Let’s hope they putt in lots of [...]
Hunting law shot down after SNP reneges on English deal July 14, 2015 LEADER of the Scottish National Party (SNP) Nicola Sturgeon yesterday signalled a change of heart on her vow to keep her party from voting on English-only laws, after forcing David Cameron to back down from a vote on hunting laws south of the border. While Conservative MPs had been given a free vote on proposals [...]