Arm China lays off dozens of staff as restrictions hit demand February 11, 2023 SoftBank Group Corp’s chip technology firm Arm Ltd’s China joint venture laid off 90-95 employees last week to cope with a challenging business outlook this year, according to three sources familiar with the situation. The layoffs come as SoftBank tries to set up a public listing for Arm this year. The China market has been a major source [...]
Union rejects ‘dreadful’ pay deal as Lynch promises to prolong strike misery February 11, 2023 The biggest rail workers’ union has rejected what the Transport Secretary has described as the “best and final offers” aimed at resolving the long-running disputes over pay, jobs and conditions. Mark Harper described the move by the Rail, Maritime and Transport union (RMT) to reject the proposals from Network Rail and the train operating companies [...]
More strikes coming? Rail union RMT rejects ‘dreadful’ new offer from Network Rail and train firms February 10, 2023 The biggest rail workers’ union has rejected the latest offers from Network Rail and the train operating companies aimed at resolving the long-running disputes over pay, jobs and conditions. The Rail, Maritime and Transport union (RMT) said that following a wide-ranging consultation with every level of the union involved in the national rail dispute, its [...]
Brexit: UK makes final EU payment in £2.3bn China import fraud dispute February 10, 2023 The Government has paid £2.3bn to the EU as part of a long-standing dispute over textiles and footwear imported into the UK from China. The final payment of £1.1bn made this week, brings the case to a close. Chief Secretary to the Treasury John Glen confirmed the payment in a written statement to the Commons. [...]
Turkey and Syria Earthquake appeal: Royal donations including from King Charles lifts total to £33m in just 24 hours February 10, 2023 An appeal to help the victims of the earthquake in Turkey and Syria has raised more than £30 million in just 24 hours. Donations from the King and Queen Consort, as well as the Prince and Princess of Wales, helped the Disasters Emergency Committee’s (DEC) fund soar to £32.9 million, including £5 million from the [...]
UK lost out on £320m AstraZeneca factory: Hunt ‘disappointed’ after drug giant choses low-tax Ireland instead February 10, 2023 Chancellor Jeremy Hunt said he was disappointed the UK “lost out this time” on a £320 million new AstraZeneca factory after the drugs giant chose the low-tax Republic of Ireland instead. The group had wanted to build a plant near its existing sites close to Macclesfield, Cheshire, but the “discouraging” tax rate had prompted a [...]
Ukraine: Russia unleashes barrage of bombers, drones and rockets amid speculation Putin still wants Kyiv February 10, 2023 Russia has unleashed strategic bombers, killer drones and rockets in a barrage of attacks on Ukrainian targets. The assault comes as a Russian military push that Kyiv says has been brewing for days appeared to pick up pace ahead of the one-year anniversary of the invasion of Ukraine. The Kremlin’s forces focused their bombardments on [...]
News Corp: Rupert Murdoch titan to cut 1,250 jobs citing interest rate and inflation surge February 10, 2023 Rupert Murdoch’s News Corp has said it will cut 1,250 jobs, around 5% of its workforce, after inflation cut into profits at the media giant. The publishing company, which owns The Times and Sun newspapers in the UK, missed earnings expectations for the latest quarter. Robert Thomson, chief executive of News Corp, said: “Obviously, a [...]
Brexit and Boris supporter Nadine Dorries will quit as an MP at next election February 10, 2023 Former culture secretary Nadine Dorries has announced she is standing down as an MP at the next general election. Ms Dorries, who represents Mid Bedfordshire and has been an MP since 2005, hit out at her party’s decision to remove Boris Johnson as Prime Minister as she used her new TalkTV show to confirm her [...]
Labour wins by-election as victor Ashley Dalton calls for Sunak to ‘move out of the way’ February 10, 2023 Labour’s Ashley Dalton told the Conservatives “move out of the way” after a comfortable win in the West Lancashire by-election. She demanded a general election, telling Prime Minister Rishi Sunak that it was time for Labour to take over. Bitterly cold conditions on polling day and the expectation of an easy Labour hold contributed to [...]
