Over 500,000 US jobs created in January but what does ‘awe upside surprise’ mean for Fed’s rate hike cycle? The fed More than half-a-million new jobs were created in the US this month, leading to renewed fears the Federal Reserve could hike up interest rates when it meets next month. Statistics from the US Department of Labor howed jobs rose by 517,000 in January, while the unemployment rate changed marginally, at 3.4 percent. This week the [...]
Train strikes today: How will lines servicing London be affected by Friday’s walk-outs – and is there any end in sight? Travel chaos Britain’s train services are being hit by strike action again on Friday, but the capital will remain largely unaffected – as long as you don’t have to commute in or out of London. Who is striking and why? Train driver members of Aslef and the Rail, Maritime and Transport (RMT) unions are walking out in [...]
Bank Station: Cars will be banned from Square Mile accident blackspot as works to make area safer begin later this month Bank Station works One of the Square Mile’s most dangerous junctions is to go car-free in a bid to save lives and make it more tourist-friendly. The Queen Victoria Street junction with Bank Station will permanently close on 13 February, with the City of London Corporation embarking on a major redevelopment program. There is set to be major [...]
Strikes: Continued disruption warning today with trains starting late and finishing early before Friday’s walk-outs February 2, 2023 Rail passengers have been warned to expect continued disruption to their journeys in the aftermath of Wednesday’s strike action and ahead of Friday’s walkouts. Commuters have been warned by operators to expect “significantly reduced train services” across all three days and advised to check ahead of taking a journey. Train driver members of Aslef and [...]
Severn Trent becomes first FTSE 100 firm to have female chair, CEO and CFO February 1, 2023 Boardroom history was made this morning as Severn Trent became the first and only FTSE 100 firm to appoint women to the company’s three top positions of chair, chief executive and chief financial officer. The water company announced the news with the appointment of Helen Miles as the firm’s new CFO, previously the capital and [...]
Transpennine: Sunak threatens to strip train operator of contract following its spat with Aslef on overtime ban January 27, 2023 Prime Minister Rishi Sunak warned train operator Transpennine Express (TPE) it may lose a lucrative government contract, while the firm blamed the Aslef union for its ban on overtime working. The FirstGroup-owned company is caught up in a spat with the government after the PM threatened to pull its contract, because it was offering an [...]
Exclusive: London beats New York to be crowned best city for female entrepreneurs – but concerns raised over tech deficit January 26, 2023 London has overtaken New York and San Fransisco as the best city in the world for female entrepreneurs after startups grew at a “colossal” rate during the pandemic, City A.M. can exclusively reveal. The 2023 Women Entrepreneur Cities (WE Cities) Index, compiled with Dell Women’s Entrepreneur Network (DWEN), showed the capital ranked top against 55 [...]
Khan to ‘digest’ findings of LandSec report warning London could be ‘unliveable’ in 10 years due to climate inaction January 26, 2023 British property investment trust Land Securities (LandSec) has warned cities could become “unliveable” in within 10 years without urgent planning reform to meet net zero goals. Research published this morning urges reform to prevent the UK’s cities suffering from the impact of climate change and external shocks, such as international conflicts like the war in [...]
Man charged with assaulting Matt Hancock January 26, 2023 A man has been charged with assaulting former health secretary Matt Hancock on the London Underground. Geza Tarjanyi, 61, from Leyland in Lancashire, will appear in court next month, accused of common assault and two public order offences, British Transport Police (BTP) said on Thursday. A spokesman for the MP for West Suffolk described the [...]
Toyota boss to stand down after 14 years amid concern over sluggish shift to EVs January 26, 2023 Japanese car-maker Toyota (TMC) has announced a major shake-up of its leadership structure, with its current president stepping to to be the new chair. Akio Toyoda has been promoted to the top of the company’s board this morning in wake of Takeshi Uchiyamada’s resignation. Uchiyamada, the grandchild of the company’s founder, stepped down as the [...]
