Glencore chief executive Ivan Glasenberg tells rivals to close failing mines to help rally copper price October 5, 2015 The chief executive of ailing mining company Glencore said today rival companies should also be closing their loss-making mines to stop flooding the copper market. Ivan Glasenberg said: “If you're not making money I believe you should take production out and reduce supply. Don't create oversupply in the market for no reason.” Speaking at a [...]
Conservative party conference 2015: Heathrow or Gatwick expansion? Government ministers promise airports decision by Christmas October 5, 2015 Government ministers are doubling down on their commitment to respond by the end of the year to the Airports Commission's recommendation for a third runway at Heathrow. Speaking today at the Conservative party conference in Manchester, transport secretary Patrick McLoughlin said he did not "hide the challenge" of choosing whether to back or reject the commission's [...]
Uber and Transport for London head for high court in taximeter legal battle October 5, 2015 Uber and Transport for London face another showdown when they pull up at the high court this week, to settle a long-running dispute over whether the smartphone app breaks the law. TfL last week revealed proposals for fresh laws which would curb Uber in London. Now, the UK courts will decide on the legality of [...]
George Osborne bags a Blairite: Lord Adonis quits Labour benches in blow to Jeremy Corbyn October 5, 2015 In a major blow to Labour, one of its most influential peers has left the parliamentary party to chair a new infrastructure commission spearheaded by chancellor George Osborne. Osborne will use his speech at the Conservative party conference in Manchester today to announce that Lord Andrew Adonis, a former minister under Prime Minister Tony [...]
British men take in far more calories than they realise, study shows October 5, 2015 The average man in the UK heavily underestimates the number of calories he takes in each day, new research shows. A study of 2,000 men suggested it's not unusual for them to put away double the number of calories they think they are eating. Most of those questioned underestimated the calories in a [...]
Japan is about to start trialling driverless cars under the guise of “Robot Taxis”, and hopes they’ll be on its roads by 2020 October 5, 2015 Robot taxis are about to be put to the test in Japan – and they could be introduced onto Tokyo's roads by 2020. Robot Taxi, a joint venture by mobile internet firm DeNA and driverless car technology company ZMP, has been given the green light to start tests in 2016, a spokesperson from ZMP [...]
Why the only thing you need on your dating profile is your credit score October 5, 2015 Your credit score may not be a particularly sexy bit of personal data – but it could dictate more about your love life than you think. That's according to research published by the US Federal Reserve Board, anyway, which found that not only do people with better credit scores tend to commit to relationships for [...]
DLR strike: RMT to vote on action over working practices October 5, 2015 DLR workers could go on strike after the RMT union said it will ballot around 700 members over working practices. The union claims that Keolis Amey Docklands (KAD) which operates the line is "bulldozing" new conditions, however, the company said it was "unnecessary". “Our members on DLR are furious at the way that Keolis Amey [...]
Bank of England monetary policy committee July minutes to show last unanimity ahead of split in August October 5, 2015 The minutes from the Bank of England rate setting committee's July meeting, due to be released tomorrow, could show the last unanimous vote to hold interest rates at a record low, ahead of a split forecast for next month. Economists think the minutes, from the monetary policy committee's meeting which took place on the 8-9 [...]
Senior workers are holding off retirement and cashing in pensions for their own children October 5, 2015 The Taxpayer’s Alliance may be pushing for an end to winter fuel allowances and senior bus passes, but researchers at Investec have hit back with their own study, claiming that the elderly are already suffering because they’re giving too much of their pension pots to their grandchildren. The study claims that parents and grandparents who gift [...]