BA pilots urged to accept pay cuts by union to save jobs July 23, 2020 Pilots union Balpa has advised members at British Airways (BA) to accept conditions that might avert 1,255 job losses, saying the new deal is “the best that can be achieved in the circumstances”. The union has been in negotiations with the UK’s flag carrier for almost three months, and said it was devastated that there [...]
Social responsibility belongs in the boardroom, not the marketing suite July 23, 2020 The issues that concern young people the most today — from the climate crisis and global pandemic to new conversations on race and privilege — are ones that also belong in the boardroom. Our world is changing fast, and so too are society’s expectations of corporate Britain — not just when it comes to the [...]
Pompeo and Circumstance: The special relationship endures July 23, 2020 The visit of a US secretary of state to any country is always an eagerly anticipated affair. Short of a US presidential visit, there is little that can match the arrival of the global superpower’s leading diplomat onto any domestic stage, as can be testified by the extreme media and political interest these encounters provide. [...]
California dreaming: A plan to phase out petrol and diesel cars that might actually work July 23, 2020 Transport is now the UK’s biggest source of climate-warming greenhouse gases. While other sectors slash their carbon footprint, our cars alone continue to produce 15 per cent of annual emissions — and the figure is still rising. To tackle this, earlier this year the government announced plans to bring forward a ban on new petrol [...]
DEBATE: Will long-term remote working jeopardise London’s status as a global financial centre? July 23, 2020 Will long-term remote working jeopardise London’s status as a global financial centre? Giles Fuchs, chief executive of Office Space in Town, says YES. An enduring shift towards remote working and away from the office in the wake of the Covid-19 pandemic would spell disaster for London’s status as a global financial hub. Home to 1.1m [...]
Brits spend £40bn on items to boost mood in lockdown July 23, 2020 Brits have spent £40.6bn on dispensable items during lockdown in a bid to keep themselves entertained while at home. Consumers spent an average of £771.34 each during lockdown, as retailers launched new products to capitalise on the demand for at-home experiences. Londoners spent the most during lockdown, amounting to 2812.26 per person followed by parents [...]
Rishi Sunak ‘turns his back on’ 1m in need of coronavirus support July 23, 2020 MPs today blasted chancellor Rishi Sunak’s coronavirus support measures, saying he has turned his back on 1m Brits during the coronavirus pandemic. The Treasury Select Committee (TSC) today said Sunak’s response has failed to convince members he had done enough to support Brits impacted by coronavirus. “The chancellor has effectively drawn a line under helping [...]
The City View: Andrea Rasca on Mercato Metropolitano July 22, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy Silvester is joined by Andrea Rasca, the food lover and entrepreneur behind Mercato Metropolitano. They talk about the journey so far – from Milan to Mayfair via the Elephant and Castle – for the food and drink market, his approach to sustainability and ensuring that London remains [...]
Tesla shares bounce on fourth consecutive quarterly profit July 22, 2020 Tesla has beat analyst estimates to report its fourth consecutive quarterly profit, inching it closer to entering the S&P 500 index. It posted earnings per share of 50 cents for the second quarter, compared to a loss of $2.31 a year earlier. Tesla is now able to qualify for entry into the S&P 500. At [...]
Microsoft surprises investors in sales and profit beat July 22, 2020 Microsoft topped analyst estimates for both sales and earnings in its fourth fiscal quarter, but shares still dropped slightly in after-hours trading. Microsoft reported earnings per share of $1.46 in the three months to the end of June, compared to an average estimate of $1.34. However overall its net income was $11.2bn, down 15 per [...]
