Boeing scraps festive bonuses in UK amid ‘challenging time’ for aerospace giant January 5, 2020 Boeing’s UK employees will be glad to have put 2019 behind them, after the aerospace giant reportedly capped off a dismal year by cancelling workers’ festive bonuses. The US aerospace giant has been feeling the pinch in recent months, as it loses billions of dollars over the ongoing grounding of its best-selling 737 Max jet. [...]
Dissenting HS2 report revives calls for government to release official review January 5, 2020 Whitehall is facing growing clamour to release its official review into the HS2 rail line, after a former insider slammed the project in his own dissenting report over the weekend. The Rail Industry Association (RIA), which represents contractors working on HS2, urged the government to publish its independent review into the line “swiftly” after Lord [...]
Labour leadership contenders make early pitches January 5, 2020 Four Labour leadership contenders have distanced themselves from the party’s election manifesto as they began their respective campaigns. Labour’s 2019 election manifesto was considered to be one of the most left-wing offerings in party history, with mass nationalisation and spending plans at its core. Speaking to the BBC this morning, Sir Keir Starmer said the [...]
MPs were ‘misled’ on HS2 cost, says former deputy of government review into project January 5, 2020 Parliament was “misled” over the costs of the High Speed 2 rail project, according to the former deputy chairman of the government’s independent review into the line. Lord Tony Berkeley said the cost of the project is “out of control” and could be as much as £107m, three times the original estimate, in his own [...]
Qasem Soleimani: Dominic Raab urges ‘nefarious’ Iran to calm tensions January 5, 2020 Foreign secretary Dominic Raab has called for a de-escalation of tensions in the Middle East, while also chastising Iran’s “nefarious activities” in the region. Raab said today that America “had a right to exercise self-defence” when they killed Iranian general Qasem Soleimani on Friday. Read more: ‘US will pay for Soleimani assassination for years t [...]
Wall Street lenders face reporting probes by UK banking watchdog January 4, 2020 A number of Wall Street’s biggest banks are facing investigations from the UK’s banking regulator regarding concerns of widespread financial reporting failures. The Prudential Regulation Authority (PRA) is commissioning reports on the quality of data being supplied to it by companies including Goldman Sachs and Morgan Stanley, according to Sky News. The UK operations of [...]
Almost 3.5m people of working age in the UK have never had a job, study finds January 4, 2020 The number of people aged between 16 and 64 to have never had a paid job has increased by 50 per cent over the last 20 years, according to a new study by think tank Resolution Foundation. It found that 3.4m people in the UK had never had a job, or 8.2 per cent of [...]
UK High Street sees slight increase in December sales January 4, 2020 UK shops saw a marginal increase in December sales year-on-year driven by widespread discounting, a new survey revealed on Saturday. Sales in British shops were up 0.7 per cent for the month compared with 2018, according to the accountancy and business advisory firm BDO’s monthly High Street Sales Tracker. Read more: Next raises forecast after [...]
Tesla shares hit record highs as firm beats vehicle delivery estimates January 3, 2020 Shares in Elon Musk’s Tesla today hit record highs after the firm beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target. Tesla said it delivered 112,000 vehicles in the fourth quarter, including 92,550 Model 3s and 19,450 Model S/X SUVs, which was above expectations of 104,960 vehicles, according [...]
World leaders call for restraint as Iran promises revenge for killing January 3, 2020 World leaders have urged calm amid simmering tensions after the US confirmed it was responsible for an air strike which killed top Iranian general Qasem Soleimani in Baghdad. Iran’s Supreme Leader, the Ayatollah Khamenei, said that harsh revenge awaited the “criminals” who killed Soleimani. Read more: European stocks falter after US kills top Iranian general [...]