Volkswagen agrees to pay at least $1.2bn to US vehicle owners of big diesels February 1, 2017 Volkswagen has agreed to pay at least $1.2bn (£950m) in buybacks and compensation to owners of larger diesel engines affected by the firm's emissions scandal in the US. According to court documents filed late on Tuesday, VW has agreed to pay the total to fix or buy back nearly 80,000 polluting 3.0 litre diesel-engine vehicles, to [...]
Revealed: Boston Dynamics’ latest dancing jumping robot (on wheels) February 1, 2017 A new robot from Boston Dynamics, the Google/Alphabet-owned robot company, has accidently been revealed, and the agile creation can jump around… on wheels. Handle, as the new robot is known, was shown in a video on stage by Boston Dynamics founder Marc Raibert, with VC Steve Jurvetson catching it on camera (and first spotted by Gizmodo). [...]
Japan PM hits back at Trump currency manipulation claims February 1, 2017 The Japanese Prime Minister, Shinzo Abe has refuted suggestions that his government is deliberately manipulating the yen, which has fallen by 15 per cent against the US dollar since Trump’s election in November. Abe and his officials said Japan was fully committed to its obligations as a member of the G7 and G20 not to [...]
US private sector smashes expectations as most jobs added since June February 1, 2017 The US private sector jobs market smashed economists’ consensus expectations in January in a further sign the labour market in the world’s largest economy is heating up. Employment in the US private sector rose by 246,000 jobs in the last month, according to payrolls company ADP, the fastest rate since June 2016. This far outstripped [...]
“You’ve got a lot more bullshit than me, and I have 1,000 bullocks”: Sir Ken Morrison’s best quotes February 1, 2017 Sir Ken Morrison, the legendary chairman of the eponymous supermarket, has died aged 85, the company confirmed today. Known for his outspoken (and sometimes downright abrasive) management style, it wasn't just rank-and-file workers who fell foul of his temper – on one memorable occasion, then-chief executive Dalton Phillips took a very public tongue-lashing, too. From [...]
Boardroom merry-go-round: Dunstone takes on exec role at TalkTalk and hands over Dixons Carphone reins to Livingston February 1, 2017 Lord Livingston will take over as chairman of Dixons Carphone from Sir Charles Dunstone, who today unveiled plans to concentrate his attentions on a new exec chairman role at telecoms firm TalkTalk. The move means a return to Dixons Carphone for the former minister for trade and investment, who was previously the finance chief at Dixons for six years. Read more: [...]
Sports Direct’s pay policy and Mike Ashley’s dominance slammed by key investor February 1, 2017 Beleaguered retailer Sports Direct has been slammed by a top investor over its remuneration policy and founder Mike Ashley's dominance. Standard Life Investments has called for big changes at the retailer in its annual governance report. The asset manager is the fourth largest shareholder in Sports Direct with a 3.5 per cent stake. As at December [...]
Goerge Osborne: Brexit talks with the EU will be “bitter” February 1, 2017 In a rare intervention, former chancellor George Osborne has predicted the government faces "bitter" talks when it gets around the negotiating table with the EU. Speaking as MPs debated the passage of a Bill granting Prime Minister Theresa May the power to launch divorce proceedings, Osborne said the government had not "put the economy first" in the [...]
Southern commuters launch legal claim as DfT faces fresh scrutiny over its handling of the crisis with National Audit Office investigation February 1, 2017 Southern rail commuters announced today they have launched a legal claim in an attempt to force the government to take action over the service. An application for a judicial review of the Department for Transport's (DfT) handling of the crisis has been filed by lawyers for the Association of British Commuters. A group spokesperson said: "It is right that [...]
Fresh from its dispute with Sky, Discovery channel Eurosport has clinched the Olympics across six countries February 1, 2017 Fresh from securing a last-minute deal with Sky to save its channels yesterday, Discovery today announced an Olympic tie-up with broadcasters across six European countries. Discovery spent last week embroiled in a public spat with Sky over the future of its channels on Sky's UK and German platforms. Read more: Sky & Discovery close in on 11th [...]