Shutdown: Heathrow Airport summer strikes threaten chaos for holidaymakers July 12, 2019 Holidaymakers planning to use Heathrow Airport this summer could be subjected to days of chaos, after Unite trade union warned its members are planning to go on strike. More than 4,000 workers are set to walk out on 26 and 27 July, 5 and 6 August, and 23 and 24 August. They will include security [...]
British businesses split on Brexit ‘brain drain’ in tech industry July 12, 2019 More than half of British businesses fear the threat of a potential tech brain drain after Brexit, according to a survey by tech giant Salesforce. Almost 60 per cent of London firms believe they will lose access to digital talent once the UK leaves the EU, according to the software seller. Read more: These are [...]
Deutsche Bank pays out £156m as it settles Vestia derivative case July 12, 2019 Troubled German lender Deutsche Bank has paid out €175m (£156m) in a settlement with Holland’s largest public housing corporation, Vestia. The Dutch group is to drop its legal case at the High Court after revealing on its website today that Duetsche Bank would financially settle the long-running row. Read more: Deutsche Bank – saved in [...]
Volkswagen and Ford strengthen ties by teaming up on electric and self-driving cars July 12, 2019 Two of the world’s biggest car makers, Volkswagen and Ford, have moved their existing commercial partnership up a gear this afternoon to collaborate on electric cars and self-driving cars. Read more: Ford gears up to announce up to 550 job losses for UK office workers amid turnaround efforts The firms are looking to pull ahead [...]
KFC first UK fast food giant to pledge better chicken welfare standards July 12, 2019 KFC is set to become the first British fast food restaurant to sign up to new European welfare standards for farmed chickens to combat inhumane conditions in intensive meat production. Read more: DEBATE: Does KFC’s veggie burger signal a move towards veganism? Its decision to adopt the new standards could see McDonalds and Burger King, [...]
Trade tensions dent China’s exports and imports in June July 12, 2019 China’s exports and imports fell last month, as a tariff standoff with the US took its toll on the economy. The Chinese trading outlook waned in June, according to new figures that underline the country’s current growth troubles. Read more: Hunt is right to take a firm line on China China’s customs department reported today [...]
Thomas Cook: How did it end up like this? July 12, 2019 Companies in the travel industry have endured a turbulent year – and none more than Thomas Cook. Read more: Thomas Cook shares plunge to record low as investors face being wiped out The embattled firm this morning said it is closing in on a bailout deal which would see Chinese firm Fosun give it £750m [...]
Londoners rejoice; Deliveroo will serve your Pret a Manger meal to your desk July 12, 2019 It’s not exactly hard to find a Pret a Manger in London; there are more than a dozen in the City of London alone. Read more: Pret vows to go veggie when it takes over Eat stores But it is hard to get away from your desk sometimes, so thousands of workers will be delighted [...]
Google workers listen in on private conversations via smart speakers July 12, 2019 Google has admitted its contractors listen in on conversations people have with its smart speaker system, Assistant. The tech giant yesterday said its contractors can access recordings made by the system. It made the admission after the leak of several Dutch language recordings. Google Assistant starts to record audio when it hears a so-called wake [...]
Bank of England could cut interest rates to near zero in no-deal Brexit July 12, 2019 Interest rates could be cut to almost zero if Britain leaves the European Union without a deal, a top official at the Bank of England said today. Gertjan Vlieghe, a member of the Bank’s rate-setting monetary policy committee (MPC), told an audience in London today that Threadneedle Street might have to slash rates to nearly [...]