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 [...]
Just three per cent of people have missed work as a result of train and teacher strikes, government survey suggests February 10, 2023 Strikes have had little impact on people being able to work, figures have suggested. A wave of industrial action has been taking place in various sectors as disputes with the Government over pay and conditions rumble on. Almost half (43 per cent) of adults surveyed by the Office for National Statistics (ONS) stated that such [...]
City A.M.’s Top Five: This week’s best read stories – 10 February February 10, 2023 The concept of the UK’s first official digital currency was something that interested City A.M. readers, while the idea of BA’s pedestal as the world’s favourite airline being kicked over also struck a chord. Just in case you missed them, here are the best read stories on City A.M. this week One: Could the UK [...]
Britcoin: Why a UK CBDC should be treated with caution February 10, 2023 Jai Bifulco, Chief Commercial Officer at Kinesis Money, believes the centralised nature of CBDCs comes with more sinister complications.
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 [...]
Lyft loses ground on Uber: Share price falls 30 per cent after profit down £100m on forecast February 10, 2023 Lyft is trailing behind competitor Uber as disappointing forecasts have caused investors to lose confidence. Shares in the ride-hailing company dropped more than 30 per cent this week after it reported lower than expected first quarter profit forecasts of $975m (£805m). Initially, analysts forecasted it would be at $1.09bn (£900m), according to Refinitiv data. Lyft [...]
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 [...]
Tech rout continues as Yahoo staff cull adds to over 30,000 job losses in sector this year February 10, 2023 Yahoo has become the latest tech giant to announce huge job losses, as the cost of living crisis forces digital advertisers to reign back on their spending. The American web provider said it was axing over 20 per cent of its entire workforce, with the cuts expected to make 1,600 current workers redundant, including 1,000 [...]
