Indian authorities push forward with “graft” probe into BAE Systems and Rolls-Royce May 30, 2023 INDIAN authorities yesterday took the next step in a long-running, historic case against BAE Systems and Rolls-Royce over alleged graft almost twenty years ago. The authorities allege a “criminal conspiracy” related to the purchase of training jets in 2005, with Indian prosecutors saying in a document seen by Reuters that the deal was done as [...]
Rail strikes add to pain for hospitality as trade body warns of crisis point May 30, 2023 RAIL STRIKES this week are set to add to the woes of the hospitality industry, already bruised by an almost doubling of energy bills. Industrial action by the RMT and ASLEF unions will see walkouts on three separate days of what would have been a busy week for bars and pubs. Staff will walk out [...]
Ministers must accelerate pension dashboard after ‘disappointing’ delays, AJ Bell chief warns May 30, 2023 Ministers must push ahead with the roll-out of the much-delayed pension dashboard or risk savers disengaging with their retirement cash, the chief of AJ Bell has warned.
HMRC looks to sniff out more British firms abusing tax havens May 30, 2023 The UK’s tax authority is tracking an increasing number of firms suspected of using tax havens, new data reveals. HMRC is now tracking 512 UK firms that are suspected of failing to conduct enough business activities in those tax havens to legitimately claim they operate there, according to data obtained by law firm Pinsent Masons [...]
There’s an app about to do to workplaces what social media did to British politics May 30, 2023 If you haven’t heard of Fishbowl, chances are your colleagues are already using the app - a bizarre combination of LinkedIn and Reddit - to air their workplace grievances, writes Eliza Filby
Scrap the tourist tax hurting our hospitality businesses or lose out to Paris and Madrid May 30, 2023 Tourism is incredibly important for London, but to keep London important for tourism, we have to make it more attractive for foreign visitors to shop here, writes Chris Hayward.
House prices continue to fall as buy-to-let landlords sell up May 30, 2023 House prices are continuing to fall, according to a closely watched index, but transactions are ahead of the long-term average due to landlords selling up. According to estate agent Zoopla, landlord properties accounted for 11 per cent of sales in the last month, as high mortgage rates and energy bills forced many property owners to [...]
Toyota chair under pressure as proxy adviser urges shareholders to vote against board reappointment May 29, 2023 Toyota came under pressure over the weekend as proxy advisers urged shareholders to back calls to improve the automaker’s disclosure of climate-related lobbying, and vote against the reappointment of its chair as a director. On Friday, US-based proxy adviser Glass Lewis recommended that Akio Toyoda, who stood down as president and CEO in January and [...]
New transatlantic airline Global buys first plane May 29, 2023 A new UK-US airline, Global, which is intending to launch flights across the Atlantic by spring 2024, has officially announced the acquisition of its first plane. The company said this morning that it had acquired an Airbus A380, the world’s largest passenger plane, according to the PA news agency. It confirms last week’s revelation’s in [...]
Boeing eyes up new Saudi deal to offload 150 737 Max jets May 29, 2023 Boeing is eyeing up a major deal to sell 150 of its 737 Max jetliners to the Saudi Arabian airline Riyadh Air, according to reports published on Sunday. According to Bloomberg, the newly-launched startup Riyadh Air is looking to obtain 300 to 400 single-aisle jets from Boeing, but sources say the talks remain complicated and [...]
