German e-car boom will hit 178,000 workers unless companies focus on re-skilling May 6, 2021 The electric cars boom will hit 178,000 workers in Germany unless companies gear up efforts to re-skill their employees, a report has shown today. The country’s auto industry will suffer more employees retiring than the labour market can keep up within the coming years, the Ifo institute said. With battery-driven cars requiring less assembly work [...]
Labour faces hat trick of losses in ‘super Thursday’ elections May 6, 2021 Labour is staring down a potential hat trick of devastating defeats in today’s “super Thursday” elections, which would put serious pressure on leader Sir Keir Starmer. A poll out on Tuesday put Labour 17 points behind the Conservatives in the Hartlepool by-election – a constituency Labour has always held – while the party also trails [...]
Global climate change stimulus could fuel a green investment bubble May 6, 2021 Hundreds of years of history shows us that investment bubbles are a regular feature of the financial markets. For as long as humans have been trading investments, there have been periods of time when the prices of assets have become disconnected from their underlying value. Although bubbles typically are identified after they have popped, there [...]
Markets bounce back, with wannabes storming out in front as Cardano hits all-time high May 6, 2021 Cryptocurrencies rallied again yesterday, with Bitcoin (BTC) up about four per cent over the last 24 hours. It’s currently changing hands at around the $57,000 level.
Uber books $600m hit from UK drivers’ rights ruling May 6, 2021 Uber has booked a $600m (£431m) hit following a landmark court ruling that forced the ride-hailing giant to pay its drivers minimum wage and holiday pay. The San Francisco-based app last night said it had incurred the costs to settle historical claims relating to the classification of drivers as workers during the first quarter. In [...]
City Corporation releases new CGI images of the future City skyline May 6, 2021 The City of London Corporation has today (6 May) released updated images visualising how the Square Mile’s skyline will look by the mid 2020’s. The new images capture all major developments which have been resolved to approve by the City Corporation’s Planning and Transportation Committee over the past 12 months including 50 Fenchurch Street, 55 Gracechurch [...]
UK could be left behind rest of Europe on travel, Easyjet boss warns May 6, 2021 The boss of Easyjet has warned that the UK could be left behind the rest of Europe if the government approves travel to only a small handful of countries from 17 May. Tomorrow ministers will lay out the initial list of destinations that will be on the UK’s green list for travel from the middle [...]
Switch-ed on: Nintendo operating profits soar 82 per cent May 6, 2021 Nintendo has forecast its Switch console sales to hit 25.5m units in the financial year that started 1 April, after global lockdown measures spurred a gaming frenzy. The Japanese gaming company sold 28.8m Switch consoles in the year ending 31 March, exceeding Nintendo’s February expectations of 26.5m. The Kyoto-based firm was on the receiving end [...]
AB Inbev boss Carlos Brito to step down after 15 years at the helm May 6, 2021 AB Inbev chief executive Carlos Brito is stepping down after 15 years in the top job, marking the end of an era for the brewing giant. Brito, who has worked at the company for 32 years, is credited with transforming the company from a regional Brazilian brewery into the world’s largest beer maker. He will [...]
No full-time return to the office for over a million British workers May 6, 2021 Almost all of 50 of the UK’s biggest employers have said they do not plan to bring staff back to the office full-time. Some 43 of the firms told the BBC that they would embrace a mix of home and office working, with staff encouraged to come into work for two to three days a [...]
