Hollande calls for growth summit amid political turmoil August 28, 2014 French President Francois Hollande has appealed for a Eurozone growth summit to get to grips with the currency block's economic stagnation and high unemployment. The embattled President warned an audience of ambassadors in Paris that “Europe is threatened by a long and possibly interminable stagnation if we do nothing.” Hollande called on European leaders to [...]
Scottish independence is “a one way ticket to uncertainty” says CBI chief Sir Mike Rake August 28, 2014 In a fresh blow for Yes Scotland, the president of the Confederation of British Industry (CBI) has told an audience of business leaders that a vote for independence would be "a one way ticket to uncertainty with no return". Speaking at the CBI Scotland Annual Dinner at the Hilton Hotel, Sir Mike Rake emphasised that [...]
World’s energy watchdog slashes renewables forecast August 28, 2014 The world's leading energy watchdog slashed its forecasts for renewable energy in a new report published today. The International Energy Agency (IEA) has warned the sector faced serious threats from policy uncertainty and grid integration risks. However, investment in renewable energy capacity is still expected to soar to $1.6 trillion by 2020. The IEA cut [...]
More tube strikes on the way? RMT announces overtime ban for next week August 28, 2014 The Rail, Maritime and Transport workers' union has made the latest move in its conflict with London Underground (LU) and Mayor Boris Johnson. On Wednesday, RMT staff will be instructed not to work any overtime and not to participate in development courses. The union blamed the action on LU's failure to engage over plans to close ticket [...]
McDonald’s to take legal action against Russian restaurant ban August 27, 2014 Fastfood giant McDonald’s yesterday hit back against the closure of five of its restaurants in Russia over what the country’s food regulator Rospotrebnadzor claimed were sanitary problems. Maxim Titarenko, a lawyer representing the fastfood company, protested: “The violations mentioned by the Rospotrebnadzor have already been eliminated or are being eliminated.” McDonald’s said in a statement: “We do [...]
2,000 migrants drowned trying to flee to Europe so far this year, says UN August 27, 2014 Almost 2,000 people have drowned in the Mediterranean in a desperate bid to flee to Europe so far this year, according the United Nations refugee agency. "In all, we believe that 1,889 people have perished this year while making such journeys, 1,600 of them since the start of June," a spokeswoman for the UN's refugee [...]
Scottish independence: ‘Yes’ vote would damage shipping and maritime sector, says industry survey August 27, 2014 If the Scots vote for independence in September's referendum, it could hit the country's shipping and offshore maritime sector, according to a survey by leading international accountant and shipping adviser Moore Stephens. The survey of leading members of the shipping industry found that 55 per cent of respondents believed a yes vote damage the industry. [...]
McDonald’s set to fight back against Moscow crackdown August 27, 2014 After Russian courts ordered the closure of four McDonald's branches for 90 days, the global food giant has responded saying it will appeal the rulings and is scrutinising the decision made by the courts. "We do not agree with the court's resolution and will appeal against this resolution in accordance with the procedure established by [...]
Uber dives into fast food delivery business with UberFRESH trial August 27, 2014 Not satisfied with providing taxi rides or delivering groceries Uber is trying its hand at the fast food delivery business, with a new service called UberFRESH. The taxi app claims it will be able to deliver food from local restaurants in 10 minutes or less. Unfortunately for Uber-loving Brits this service will only be available [...]
Scottish independence: 130 businesses sign letter supporting the Union August 27, 2014 Over 130 businesses have joined together to sign a letter to be published in Wednesday's Scotsman, slamming the case for Scottish independence. Signatories include the CEO of BHP Billiton and the executive vice-president of policy at BG Group Sir John Grant. In total, the signatories companies account for around 50,000 Scottish jobs. The Better Together [...]
