German defence minister confirms US car tariff threat over Iran January 16, 2020 Germany’s defence minister has confirmed that the US is threatening to impose new tariffs on European car exports if they continue to support the Iranian nuclear deal. Yesterday, Washington Post cited European sources as saying the Trump administration was threatening a 25 per cent levy on cars made in the UK, Germany and France, over [...]
Number of small pubs rises for first time in 15 years January 16, 2020 The number of small pubs and bars increased for the first time in 15 years last year, as consumers splashed the cash on meals out, according to the latest statistics. Small pubs and bars, which have fewer than 10 employees, increased by 85 – a 0.4 per cent rise – following more than a decade [...]
Downing Street pulls back from Big Ben bongs campaign January 16, 2020 Downing Street pulled further back from the “Big Ben bongs” campaign, as Brexiters plough cash into a crowdfunder to raise half a million pounds. The Prime Minister’s spokesman gave the clearest signal yet that the iconic bells would not chime on 31 January even if the £500,000 is raised. Although he stopped short of suggesting [...]
Sky boss calls for ‘urgency’ over social media regulation January 16, 2020 The UK should “inject some urgency” into its plans for a new internet regulator due to the societal damage caused by unchecked internet platforms, the boss of Sky has said. Jeremy Darroch called for ministers to tackle so-called online harms, warning that the “promise of self-regulation hasn’t worked”. “We only need to look back to [...]
Renault chairman: ‘Real desire’ to make faltering Nissan alliance work January 16, 2020 Renault’s chairman has dismissed claims that the 20-year partnership between the French manufacturer and Nissan might be breaking down. Jean-Dominique Senard said today that there was a “real desire” at the alliance to make a success of it. This comes despite more than a year of turmoil caused by the arrest of its architect Carlos [...]
Boris Johnson to attend summit on Libya conflict January 16, 2020 Prime Minister Boris Johnson will attend a summit on the conflict in Libya this weekend, his spokesperson said today. The PM will travel to Berlin on Sunday, with representatives across Europe, the Middle East and the US invited, though US President Donald Trump is not expected to make the trip. “The conflict in Libya has [...]
British spooks ‘unlawfully collected data’ from telecoms firms January 16, 2020 The collection of communications data from telecoms firms by the UK’s security agencies breached EU law, a top lawyer has concluded. National security laws allow bodies such as MI5, MI6 and GCHQ to force mobile firms such as Vodafone and O2 to hand over data on customers. But in a preliminary opinion Campos Sanchez Bordona, [...]
Mike Ashley’s Frasers Group to close six Jack Wills stores January 16, 2020 High street fashion brand Jack Wills has announced it will shut six stores, blaming “unhelpful” landlords for the closures. Mike Ashley’s Frasers Group, which bought the fashion retailer out of administration for £12.8m last year, today said shops in Bournemouth, Camberley, Cheltenham, Soho, Turo and Witney will close within the next month. Ashley’s retail empire, [...]
Moss Bros’ transformation plan progresses despite sales slump January 16, 2020 Suit retailer Moss Bros said this morning that it is making headway with its transformation plan, despite reporting a dip in sales. The menswear store said it has made “good progress overall” in its bid to elevate the brand and improve long-term performance. Moss Bros said it has improved its retail gross margin rates in [...]
European Investment Bank backs Uber rival Bolt with €50m January 16, 2020 The European Investment Bank (EIB) is to provide Bolt with €50m (£43m) financing to the help ride-hailing app develop its technologies. The financing, supported by the European Fund for Strategic Investments (EFSI), is to boost Bolt’s product development in areas where technology can improve the safety, reliability and sustainability of its services. Read more: Bolt [...]