Editorial: Chancellor’s move is a five-point-turn that has already cost jobs November 5, 2020 If it wasn’t such a serious matter, Rishi Sunak’s description of his furlough u-turn today as the result of a flexible and agile approach would have been darkly comic. Because a U-turn it most certainly is, albeit not of the handbrake variety. Instead, it has been by degree, a five-point turn that has already cost [...]
US giant Caterpillar to axe 700 jobs in Northern Ireland November 5, 2020 US manufacturing giant Caterpillar has announced that it will cut 700 jobs across its Northern Irish operations. It is understood that the majority of the redundancies will affect workers at its plant in Larne in Country Antrim. The losses will come from plant workers and logistics staff at the Larne factory, as well as management [...]
US election: Stocks jump and FTSE 100 climbs amid rush into big tech November 5, 2020 Wall Street stocks jumped again and the FTSE 100 rose as investors snapped up big tech and sold government bonds and the dollar in response to the ongoing US presidential election. Prior to the election, investors had bet that a strong Joe Biden victory would lead to a big stimulus package that would encourage growth. [...]
HMRC urges traders to prep for end of Brexit transition period to avoid disruption November 5, 2020 HMRC has sent 250,000 letters and emails to traders urging them to act now to avoid Brexit-related disruption when the transition period comes to an end. New border controls will come into force at the end of the transition period on 1 January 2021. Some customs processes are complicated and can take several weeks to [...]
Tiktok to allow MPs to review algorithm over Uyghur censorship concerns November 5, 2020 Social media giant Tiktok will allow UK politicians to review its algorithm, after MPs challenged the firm over censorship concerns and ties to the Chinese government. Tiktok’s UK director of government relations and public policy Elizabeth Kanter said members of the Business Select Committee were welcome to visit its “transparency centre”, to review its algorithm [...]
Coronavirus pressure drives down number of permanent jobs November 5, 2020 The number of permanent staff appointments fell in October as rising Covid-19 cases weighed heavily on recruitment plans, with jobs in retail, hotels and catering hit particularly hard. Greater uncertainty drove a marked rise in temporary placements, according to the latest KMPG and REC report on jobs, and overall demand for staff fell. Widespread reports [...]
Easyjet denies it is in talks with German authorities over state aid November 5, 2020 Easyjet has hit back at reports that it has approached German authorities for emergency funding to help it through the coronavirus pandemic. German business paper Wirtschaftswoche reported that chief exec Johan Lundgren had been involved in talks concerning a sum in the region of hundreds of millions of euros. But representatives for the low-cost carrier [...]
Ghosted: Whatsapp rolls out disappearing messages in privacy push November 5, 2020 Whatsapp is introducing a new function that will delete messages from the app after seven days in an effort to ramp up its privacy credentials. The social media platform, which has more than 2bn users worldwide, said the new feature will help keep chats private and “more like a face-to-face conversation that is not recorded [...]
Lloyd’s to revamp company cultural following sexual harassment incidents November 5, 2020 Lloyd’s of London recently quizzed employees on its culture in a bid to improve its work environment for women. The move follows reports of sexual harassment at the firm in recent years. Last month Lloyd’s launched its 2020 culture survey, the second culture survey carried out by the business. The market’s first 2019 survey found [...]
