WATCH: ‘No-nonsense Iron Lady’ Martha Karua vies to become Kenya’s first female deputy president August 8, 2022 Kenya’s much-anticipated presidential election – taking place tomorrow – could usher in the country’s first-ever female deputy president. However, rising star Martha Karua says she’s is more focused on the issues that matter than any political office. Karua, a long-standing member of parliament and an advocate of the High Court of Kenya, as well as [...]
US-China Taiwan tensions could choke off chip supply, Intel exec warns August 7, 2022 Hostilities between the US and China over Taiwan could choke off the global supply of electronics like mobile phones, the European chief of chipmaker Intel has warned.
JetBlue unveils EU plans as it forecasts quarterly profits August 7, 2022 US low-cost airline JetBlue is planning to further its expansion into the “old continent” as it expects to post a profit this quarter. The carrier made the headlines last week when it reported a loss of $188m in the second quarter of the year due to fuel costs going up by around 30 per cent. [...]
Workers give Amazon until Wednesday to present improved offer after Tilbury strike August 7, 2022 Workers have given Amazon until Wednesday to present an improved pay offer after staff walked out last week over salaries, City A.M. understands. Around 450 workers at the Tilbury warehouse went on strike on Wednesday night and Thursday after Amazon responded to demands for a pay increase with a 35p per hour raise. Members of [...]
Steaming US jobs market raises risk of another jumbo Fed rate hike August 7, 2022 The US jobs market is still steaming despite the world’s biggest economy wobbling under the weight of soaring inflation and higher interest rates, figures published last week showed. America added 528,000 jobs in July, pushing the unemployment rate down to 3.5 per cent, below pre Covid-19 levels, according to data from the US Labor Department. [...]
Boost financial education to nurture young investors, says London Stock Exchange boss August 7, 2022 The boss of the London Stock Exchange has called for better financial education in schools to prevent a generation of young investors being shut out of capital markets.
Musk urged to build Tesla factory in Teeside August 7, 2022 World's richest man Elon Musk has been urged to construct a Tesla plant in North East England by Tees Valley Mayor Ben Houchen.
UK prepares to simulate supply crunch as challenging winter looms August 7, 2022 The UK is preparing to simulate a gas supply crisis, to test how resilient the energy system is in the case of emergency shortages this winter.
Truss hasn’t ruled out emergency cash payments, says ally Penny Mordaunt August 7, 2022 Liz Truss has not ruled out giving Brits cash payments later this year to combat the cost of living crunch, Penny Mordaunt has said. The senior Truss ally, and fallen leadership contender, today said that people had been “overinterpreting” comments made by the foreign secretary this weekend about her policy plans. Truss told the Financial [...]
Bus drivers join ‘summer of discontent’ and announce strike for 19 and 20 August August 7, 2022 London bus drivers have joined the UK’s “summer of discontent” and announced a strike for 19 and 20 August following a dispute over salaries. The union Unite said more than 1,600 of its members working for bus operator London United will join the walkout after the company’s parent, RATP Dev Transit, offered a 7.8 pay [...]