The new deal for sharing data between the EU and US is officially done July 12, 2016 Businesses can now breathe a sigh of relief about the tricky issues of sharing data across the Atlantic. A new agreement on the rules governing data transfer between Europe and the US has been agreed by Brussels, replacing the Safe Harbour agreement which was torn up by the courts last year. Officials have managed to hash out [...]
Amazon has soared above Buffett ahead of Prime Day July 12, 2016 Amazon is soaring ahead of one of its biggest shopping days of the year Its share price has struck an all-time high and the web giant has overtaken Warren Buffett's Berkshire Hathaway to become the fifth largest company in the world. Jeff Bezos's retail and technology giant has had a stellar year so far that just seems to [...]
EDF takes big bite out of Chinese wind energy developer July 12, 2016 Embattled French utility giant EDF has taken a majority stake in UPC Asia Wind Management. The firm's renewables unit, EDF Energies Nouvelles, paid an undisclosed amount for a stake in the Chinese company which develops and builds wind projects. EDF added that partners UPC China and US-based Global Environment Fund will remain shareholders. The company has singled [...]
Britain gets more power from sun than coal for first time in May July 12, 2016 Britain has generated more electricity from the sun than coal-fired power plants for the first time on a monthly basis, new research has shown. Solar panels in homes and businesses across the UK produced 1.38 teratwatt hours (TWh of electricity) in May. The Times reported that was much more than coal-fired power stations, which added 0.89 TWh of electricity according [...]
BBC set to highlight cuts, savings and the Night Manager in annual report July 12, 2016 The BBC is set to highlight reductions and savings made in relation to senior managers and “talent” in its annual report today. Published at 11am today, the corporation will report that it has cut one in 10 senior manager roles in the last year, reducing the number from 401 to 356. The report will also [...]
The government’s public land sell-off for new homes is not running to schedule, according to the National Audit Office July 12, 2016 The government's plan to release enough public land to build 160,000 homes is not running on schedule, a report from the National Audit Office (NAO) has claimed today. The government has only sold land with capacity for 8,580 homes – and it needs to release the land for 160,000 new homes by 2020. Read more: Can [...]
President Barack Obama foresees a great relationship with incoming Prime Minister Theresa May July 12, 2016 President Barack Obama believes there will be a positive future for US-UK relations with Theresa May as Prime Minister. White House press secretary Josh Earnest said Obama "and his successor will be able to coordinate effectively with her to not just protect but even advance the special relationship" between the two countries. Read More: MPs call [...]
A quarter of business services jobs are at risk from robots July 12, 2016 First, the bad news…. a quarter of all jobs in the business services sector are at risk from being taken over by robots. Automation of jobs is likely to make at least 800,000 jobs in the sector obsolete, but as many as one million could be at risk over the next 20 years, according to Deloitte. [...]
Germany’s Siemens makes long-term commitment to UK after Brexit vote July 12, 2016 German engineering and technology company Siemens has made a commitment to the UK after Brexit. The statement comes at a time when several UK-based companies – including easyJet and Vodafone – are understood to be considering moving operations to the rest of Europe. Read more: Siemens, Gamesa join forces to create world's biggest wind farm business But [...]
Halifax House Price Index: UK house prices up 8.5 per cent since last year July 12, 2016 UK house prices rose by 1.8 per cent during the second quarter of this year, bringing the average cost of a UK property to a record £215,582 from £211,868 in the first quarter. And according to the Halifax House Price Index, prices were up 8.5 per cent compared to the same period one year ago, [...]