Lonmin rejects pay demands as talks resume September 16, 2012 LONMIN, due to resume talks this morning with strikers at its Marikana platinum mine in South Africa who rejected a pay rise offer last week, insisted yesterday it could not meet the workers’ demands but promised a new approach in labour relations. Acting chief executive Simon Scott said the deaths at the mine of protesters, [...]
Libyan president: 50 arrested over attack on the US consulate September 16, 2012 LIBYAN President Mohammed Magarief said yesterday that about 50 people have been arrested in connection with the deadly attack on the US consulate in Benghazi last week, which he said was planned by foreigners linked to al Qaeda. The attack on Tuesday in Benghazi came amid protests over a video made in the United States [...]
Chinese police clash with anti Japan protests September 16, 2012 CHINESE police used pepper spray, tear gas and water cannons to break up an anti-Japan protest in southern China yesterday as demonstrators took to the streets in scores of cities across the country in a long-running row over a group of disputed islands. The protests erupted in Beijing and many other cities on Saturday, when [...]
Real income to grow next year after long slide September 16, 2012 SLOWING inflation and rising pay growth means real incomes are set to grow in 2013 for the first time since 2009, according to a report published today by the Centre for Economics and Business Research (CEBR). However, the study also warns that this period is only a brief interlude – inflation will once again outstrip [...]
Firms claim they are held back by lack of infrastructure action September 16, 2012 BRITAIN’S transport network, energy system and water infrastructure are all likely to stagnate rather than improve, a new business survey shows today, despite the government’s claims that it wants to boost the sector. Investment in the UK may be hit as a result – the study from the CBI and KPMG shows 61 per cent [...]
London warned it may struggle with China’s currency strategy September 16, 2012 LONDON’s bid to become an offshore centre for renminbi looks set to fail as the City is more suited to private sector action and market systems than the highly politicised Chinese currency, a think-tank warns in a report published today. Chatham House also notes that Hong Kong’s position as part of China but with a [...]
Analysts cautiously forecast slower price rises in August September 16, 2012 THE CONSUMER Price Index (CPI) will have increased more slowly in August, analysts expect, ahead of its release tomorrow morning. Last month it was revealed that CPI grew 2.6 per cent in July, jumping up from 2.4 per cent in June and challenging the steady downward trend observed since its peak at 5.2 per cent [...]
Think tank wants pension tax cuts September 16, 2012 The government must slash the taxfree pension lump sum in order to spread taxes more fairly across the population, liberal think tank CentreForum said yesterday. Currently pensioners face numerous benefits and tax breaks, including the ability to take up to a quarter of their pension or £375,000 – whichever is lowest – as a tax-free [...]
London defies house price slip September 16, 2012 UK house prices slipped in price between August and September, according to Rightmove’s house price index released today, but London managed to see growth despite the gloom. London prices were up 0.3 per cent this month, capping off 12 month growth at 6.6 per cent, and defying the average 0.6 per cent decline across the [...]
Fred Perry takes gold for profits September 16, 2012 Iconic British fashion label Fred Perry posted a 20 per cent increase in pre-tax profits last year, up to £27.2m. The firm, which recently released its second collection with Olympic road cycling gold medallist Bradley Wiggins, recorded turnover of £119.8m for 2011-12, up from £102.9m for the year ending March 2012. During the year, there [...]
