Digitisation of trade docs would save firms £1.1bn and put UK ‘ahead of G7 and most the world’ July 11, 2023 Businesses are expected to save £1.1 billion over 10 years through a proposed change in the law that will allow for greater digitalisation of documents used in international trade, a minister has said. Minister for tech and the digital economy Paul Scully said the change would put the UK at the “forefront of international trade [...]
Unite votes not to break historic link with Labour July 10, 2023 Unite has voted to maintain its historic links with Labour – as its chief warned party leader Sir Keir Starmer to listen to the union’s demands amid a rift between the two organisations.Unite votes not to break historic link with Labour General secretary Sharon Graham told a debate at Unite’s rules conference in Brighton on Monday it is not the time for [...]
London Underground drivers announce new July strike dates July 10, 2023 London Underground drivers are to strike this month in a long-running dispute over pensions and conditions. Aslef said its members will walk out on July 26 and 28, coinciding with industrial action by members of the Rail, Maritime and Transport union. Finn Brennan, Aslef’s full-time organiser on London Underground, said: “We take action only when [...]
Planned six-day strike by British Museum workers called off July 10, 2023 A planned strike by workers at the British Museum has been suspended after progress in a pay dispute. Members of the Public and Commercial Services (PCS) union in the museum’s visitor services and security teams had been set for a six-day walkout from Tuesday in a row over the Government’s promised £1,500 cost-of-living payment to [...]
SVB Financial sues US regulator to recover $1.93bn seized in rescue July 10, 2023 SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion the regulator seized during its takeover of the failed Silicon Valley Bank in March, according to a filing in a bankruptcy court on Sunday. The lack of access to the funds was impeding SVB Financial’s reorganisation, it said, [...]
Thames Water scrambles for emergency cash from shareholders July 9, 2023 Thames Water is looking to secure an emergency funding injection from shareholders as it scrambles to avert collapse and nationalisation, according to reports.
Minister backs sports fans to intervene in Just Stop Oil protests – but DON’T ‘do a Jonny Bairstow’ July 7, 2023 Sports fans have been backed by a Home Office minister to intervene against protesters as a funder of the Just Stop Oil environmental group insisted its activists’ actions are “vital”. Events have been told to put more stewards and injunctions in place to prevent disruption from protesters as policing minister Chris Philp backed spectators acting [...]
Wall Street falls after hot jobs data raises threat of high rates July 7, 2023 Stocks fell on Thursday after reports suggested the US jobs market remains much more resilient than expected. The S&P 500 lost 35.23, or 0.8 per cent , to 4,411.59. The Dow Jones Industrial Average dropped 366.38, or 1.1 per cent , to 33,922.26, and the Nasdaq composite gave up 112.61, or 0.8 per cent , [...]
UK to give Ukraine 17 specialist war fire engines to protect against Russia attacks July 7, 2023 The UK will supply Ukraine with 17 specialist fire engines as the war-torn country continues to defend itself against the Russian invasion. The Rapid Intervention and Major Foam Vehicles, sourced from the Royal Air Force, Defence Fire and Rescue and the Welsh Government, are due to arrive in the coming weeks, the Ministry of Defence [...]
Musk vs Zuckerberg row rumbles on as Twitter threatens to sue Meta over Threads July 7, 2023 Twitter has threatened to sue Meta over its fast-growing rival Threads app, alleging that it stole trade secrets. The Instagram and Facebook owner, which launched Threads on Wednesday, appeared to deny that former Twitter employees worked on the creation of the app and used insider knowledge. Meta chief executive Mark Zuckerberg said more than 30 [...]