Apple shop workers in Maryland join union in first for tech giant June 19, 2022 Apple employees in Maryland have become the latest in a tranche of workers in the US unionising, following the likes of Starbuck and Amazon. Workers at one Apple store voted to join a union over the weekend, the first retail staff working for the tech titan to unionise in the US. After a ballot of [...]
Gordon Brown predicts government will ditch tax rises June 19, 2022 Gordon Brown has predicted Boris Johnson and Rishi Sunak will ditch a series of planned tax rises in the face of the UK’s poor economic outlook. The former PM also hit out at the government for having “no plan” and lurching from “crisis to crisis”. The Bank of England this week moved to raise interest [...]
Week ahead: City braces for further inflation surge June 19, 2022 Investors are bracing for fresh data this week to point to a further surge in UK inflation, sending the rate of price rises beyond an already 40-year high. London’s FTSE 100 last week was caught up in one of the most volatile weeks for global stock markets since the early days of the pandemic. It [...]
Concerns over Boots auction as buyers struggle to raise finance June 19, 2022 There has been speculation that the sale of Boots may collapse as potential buyers face difficulty with lenders as consumer confidence dwindles. It comes as New York-based private equity firm Apollo and Mukesh Ambani’s Reliance Industries have reportedly proposed an offer of between £5bn and £6bn. The Sunday Times reported that the joint bid was [...]
Shapps says unions ‘gunning’ for strikes as summer of discontent looms June 19, 2022 Transport secretary Grant Shapps has accused the UK’s unions of “gunning” for strikes as a major union boss warns that widespread industrial action is likely this summer. When asked if there could be a so-called summer of discontent, National Union of Rail, Maritime and Transport Workers (RMT) boss Mick Lynch said: “I think there are [...]
Boris Johnson: We must avoid “Ukraine-fatigue” June 18, 2022 Boris Johnson has said we must avoid “Ukraine-fatigue”, as the Prime Minister touches down after his impromptu visit to Kyiv. The PM visited the war-torn country yesterday in a surprise visit and told reporters at RAF Brize Norton on his arrival back in the UK that we need to show Ukraine that “we are with [...]
Twitter turned WeChat: Musk lays out ambitions for $44bn takeover June 18, 2022 Tesla chief executive Elon Musk has framed his ambitions for Twitter as similar to China's WeChat: an all-encompassing messaging app and social media.
Failed resolution talks: Rail and tube strikes will go ahead next week June 18, 2022 Rail and tube strikes have been confirmed for next week after a resolution failed to be reached over pay and working conditions. The Rail, Maritime and Transport union (RMT) confirmed the news this afternoon, stating that discussions with Network Rail, train operators and London Underground had been fruitless. The Department for Transport told the BBC [...]
Buffet with Warren Buffett: Lunch with iconic businessman raises record $19m in eBay charity auction June 18, 2022 A lunch with billionaire businessman Warren Buffett has been auctioned for a whopping $19m, marking the most expensive item to be sold on eBay for charity.
PwC partners ready for £100k payout following £1.8bn sale of mobility services arm June 18, 2022 UK partners of PricewaterhouseCoopers (PwC) are set to get a hefty payout after the accounting giant sold its mobility services arm for $2.2bn (£1.8bn) earlier this year.