Apple rekindles relationship with Imagination Technologies with new deal January 2, 2020 Apple has struck a new licensing deal with a British chipmaker it had previously cut ties with three years ago. Apple previously used chips that were made by Imagination Technologies, before breaking off the partnership in 2017. Read more: Apple supplier Imagination Technologies swings to biggest ever loss Today, Imagination said it had “formed a [...]
Northern Rail franchise likely to be scrapped January 2, 2020 Plans to strip Northern Rail of its franchise have begun, according transport secretary Grant Shapps Shapps said that the process to take away routes from the rail operator has already begun due to its “completely unacceptable” performance over several years. Read more: Northern Rail could be split up amid nationalisation plans The rail operator has [...]
Seven arrested by Turkish authorities for Carlos Ghosn escape January 2, 2020 Seven people have been arrested by Turkey in relation to Carlos Ghosn’s escape from Japanes authorities. The former Nissan boss was awaiting trial in Japan, before fleeing to Lebanon via Turkey on 31 December. Read more: Carlos Gosn met Lebanon’s president after fleeing Japan Turkish authorities have now launched an investigation into how Ghosn was [...]
Sadiq Khan promises free travel for disabled people’s carers January 2, 2020 London’s public transport system will be free for anyone accompanying a disabled passenger if Sadiq Khan is re-elected. The Labour mayor of London has pledged to create a “companion pass” if he wins the May election, which would provide free travel on all Transport for London (TfL) services for carers of disabled people. Read more: [...]
French union calls for more strikes in response to pension reforms January 1, 2020 French union CGT today called for more strikes after President Emmanuel Macron used his New Year’s address to the nation to promise to push through his planned overhaul of the country’s pension system. Macron said he hoped his government would find a compromise with unions on the reforms soon, but said he would not depart [...]
Carlos Ghosn met Lebanon’s President after fleeing Japan January 1, 2020 Former Nissan chairman Carlos Ghosn met Lebanon’s president after he fled from the Japanese justice system to the middle eastern country, according to sources close to the ex-car executive. Ghosn was apparently warmly welcomed by President Michel Aoun on Monday after being smuggled out of house arrest by a private security company, Reuters reported one [...]
China cuts banks’ reserve ratios to spur economy January 1, 2020 China’s central bank will cut the amount of cash the country’s lenders have to hold as reserves, releasing over $100bn (£75bn) into the economy in the government’s latest bid to shore up slowing economic growth. The People’s Bank of China said it will cut banks’ reserve requirement ratio by 0.5 percentage points, bringing the requirement [...]
Lloyds, Halifax and Bank of Scotland customers locked out of accounts January 1, 2020 Some customers of Lloyds, Halifax and Bank of Scotland were left unable to access their accounts on New Year’s day after Lloyds Bank suffered an outage. The issue left many customers exasperated, coming on New Year’s Day, a public holiday when bank branches are closed. Across its platforms, Lloyds group has around nine million online [...]
Google to end ‘double Irish’ tax scheme January 1, 2020 Google will stop using an intellectual property licensing scheme that let it delay paying US taxes, marking a major change in international tax practices. “We’re now simplifying our corporate structure and will license our IP (intellectual property) from the US, not Bermuda,” a spokesman said in a statement. Read more: France fines Google over anti-competitive [...]
Hong Kong police fire tear gas during mass New Year protest January 1, 2020 Hong Kong began 2020 with yet more clashes between protesters and police, with the latter firing several rounds of tear gas at crowds during a march that drew tens of thousands of people. The semi-autonomous city has been embroiled in protests for more than six months. What were originally demonstrations against an extradition law have [...]