UK readies for no-deal Brexit with fresh freight plans June 29, 2019 The government is asking transport firms to make an offer to provide extra freight capacity that would be used in the event of a no-deal Brexit at the end of October. More than £85m was wasted in the lead up to the initial date the UK was due to leave the EU following a rushed [...]
Insurance giants in talks to buyout £10.5bn British Steel Pension Scheme June 29, 2019 The board of the £10.5bn British Steel Pension Scheme (BSPS) are in talks with a number of insurance giants to sell it. Trustees of the BSPS have begun discussions to offload the scheme two years after receiving £550m to rescue the steel firm, according to Sky News. Read more: FCA crack down on defined benefit [...]
Theresa May urges G20 leaders to tackle climate change as US refuse June 29, 2019 Speaking after the two-day G20 summit, Prime Minister Theresa May told other countries to “raise their ambition” to tackle climate change. May said that other governments should copy the UK’s new aim of net zero carbon emissions by 2050 and world leaders should “embrace this target”. Talking at a press conference after the summit, May [...]
Donald Trump is only leader to reject climate change proposals at G20 summit June 29, 2019 US President Donald Trump has said the United States is not “being taken for suckers anymore” following his election in 2016. The US pulled out of the 2015 Paris climate accord in 2017, with Trump claiming that the goals of the pact “disadvantage American workers and taxpayers”. Read more: US and China agree to kickstart [...]
United States and China agree to resume trade talks after G20 summit meeting June 29, 2019 The United States and China have agreed to resume trade talks after the countries’ leaders met during the G20 summit in Japan. The escalation in trade tensions between the two had fuelled a global economic slowdown. Read more: Trump jokes to Putin: “Don’t meddle in election, please” US President Donald Trump said the talks in [...]
EU agrees ‘largest ever trade deal’ with South American bloc after 20 years of talks June 29, 2019 The European Union has agreed a free-trade deal with the South American bloc known as Mercosur, 20 years after negotiations first began. EU commission chief Jean-Claude Juncker has labelled the agreement as the EU’s biggest deal to date, and claimed it shows “we stand for rules-based trade” at a time of conflict between the US [...]
European heatwave: France sets new record temperature of 45.9C June 28, 2019 France has recorded its highest ever temperature today – 45.9C – as the heatwave across western Europe intensifies. The new record has been set in the country’s southern town of Gallargues-le-Montueux, surpassing the 44.3C set in Carpentras and 45.1C in Villevieille earlier in the day, and beating the previous record of 44.1C set during a [...]
Deutsche Bank considers cutting up to 20,000 jobs June 28, 2019 Deutsche Bank is contemplating cutting between 15,000 and 20,000 jobs from its global equities division according to reports from Bloomberg and the Wall Street Journal. The news, revealed on Friday, would mean around 20 per cent of the company’s global workforce lose their jobs. Read more: Bank of Ireland sells UK credit card portfolio to London [...]
Drive a Lambo around the UK thanks to Dream Collection and the City A.M. Club June 28, 2019 My stable of cars is filled with the latest models, allowing me to choose the perfect ride to suit my lifestyle. “For a weekend away with the kids – their bags, bikes and trikes – I chose the Range Rover Autograph or Audi Q7; both are perfect companions for a family adventure. “For a stress [...]
Apple loses $10bn as iPhone designer Sir Jony Ive steps down June 28, 2019 The British designer behind the iPhone, iPod and iMac is set to leave Apple after nearly three decades, wiping roughly $10bn (£7.9bn) off the company’s value. Chief design officer Sir Jony Ive, who played a key role in turning Apple into the world’s most valuable company, will step down later this year to start an [...]