This election has exposed Britain’s foreign policy vacuum November 14, 2019 The 2020 US presidential election will be heavily influenced by foreign policy debate. So was the last one, and the one before that. Barack Obama initially stood out against Hillary Clinton by defining himself in opposition to the Iraq War. Donald Trump represented a break from the typical interventionist nature of Republican candidates, and so [...]
CFOs hold increasingly pessimistic outlook amid backdrop of uncertainty November 14, 2019 Over a third of Europe’s finance chiefs feel gloomier about their companies’ prospects now than they did three months ago. According to accountancy group Deloitte, 36 per cent of Europe’s chief financial officers feel more pessimistic today than last quarter, underlining current concerns over the future of the global economy. Read more: UK businesses increasingly [...]
Uber launches new safety measures in bid to secure a London licence November 14, 2019 Uber passengers will now be able to report discrimination immediately as a part of the app’s push to quell fears about safety and secure a long-term London licence later this month. The ride-hailing app was given a two-month licence extension by Transport for London (TfL) in September. TfL said it needed to see more evidence [...]
Nike pulls clothes and shoes from Amazon amid digital push November 13, 2019 Nike is pulling its clothes and shoes from e-commerce site Amazon as part of a pivot to selling directly to customers. Nike announced late on Tuesday that it was ending a pilot scheme to sell its goods through Amazon which began in 2017. “As part of Nike’s focus on elevating consumer experiences through more direct, [...]
Wework losses ballooned to $1.3bn in quarter before failed float November 13, 2019 Wework losses reportedly more than doubled to $1.3bn (£1bn) in the third quarter ahead of its expected initial public offering (IPO). The figures contained in a presentation for Wework creditors today showed why the company was thrown into crisis when its expected $9bn IPO and connected debt financing deal collapsed in September. The debacle led [...]
General Election 2019: Labour pledges to close gender pay gap by 2030 November 13, 2019 Labour will today pledge to close the gender pay gap by 2030, as part of its ongoing commitment to women in the workplace. Shadow employment rights secretary Laura Pidcock and shadow women and equalities secretary Dawn Butler will use Thursday’s Equal Pay Day – the day when women effectively stop getting paid compared to their [...]
Disney Plus secures more than 10m subscribers in first day November 13, 2019 Shares in Disney rose more than three per cent today after the media giant revealed its new streaming service has nabbed more than 10m subscribers in its first day. Read more: Netflix and Nickelodeon sign original content deal in wake of Disney Plus launch The highly-anticipated launch of Disney Plus was beset by technical problems [...]
Netflix and Nickelodeon sign original content deal in wake of Disney Plus launch November 13, 2019 Netflix has signed a multi-year deal with Nickelodeon to create original animated films and TV series, just a day after Disney launched its new streaming service. Read more: Britbox launches in the UK – but can it challenge Netflix? As part of the deal, Netflix will produce new programming based both on the existing catalogue [...]
General Election 2019: Boris Johnson promises “pent-up tidal wave” of new investment after Brexit November 13, 2019 Boris Johnson has promised voters there is a “pent-up tidal wave” of new investment waiting to flow into the UK once Brexit is done. Speaking from Coventry after visiting flood-hit communities in Yorkshire, the Prime Minister claimed the country would benefit from “tens of millions” that is being held back because of uncertainty. Johnson’s Brexit “is ready [...]
Brexit has cost Britain a Tesla gigafactory, according to Elon Musk November 13, 2019 Britain missed the opportunity to have Tesla’s first European factory because of Brexit, according to chief executive Elon Musk. Instead, the electric car maker plumped for a site near Berlin for the so called gigafactory, where it will make batteries, powertrains and vehicles. Read more: Tesla holds share gains after surprise third quarter profit The [...]