Airbus to axe 15,000 jobs as pandemic hammers aviation industry June 30, 2020 Aviation giant Airbus has announced it will shed 15,000 jobs, adding that its future was at stake as the coronavirus crisis continues to batter the aviation industry. Europe’s biggest aerospace group said it would cut around 1,700 posts in the UK, 5,000 in France, 5,100 in Germany, 900 in Spain and 1,300 elsewhere. The company [...]
Truss claims there is ‘no set timetable’ for UK-US trade deal June 30, 2020 International trade minister Liz Truss has assured that there is “no set deadline” for a trade agreement between the UK and US, after backlash yesterday over US animal welfare standards cast doubt on the government’s ability to secure a quick deal. In a statement, Truss said the government had made it clear that there is [...]
Barnier confirms UK has missed Brexit equivalence assessment deadline June 30, 2020 EU chief negotiator Michel Barnier has confirmed claims that the UK has not completed necessary equivalence assessments by today’s deadline, marking a blow to the UK’s efforts to determine the City’s access to EU markets after Brexit. Valdis Dombrovskis, a European Commission executive vice-president, yesterday said the UK had so far answered only four of [...]
Huawei: Johnson vows to protect UK from ‘hostile vendors’ June 30, 2020 Prime Minister Boris Johnson has beefed up his rhetoric on Chinese tech firm Huawei, warning China that he will protect British infrastructure from “hostile state vendors”. Johnson has faced mounting criticism over his deal with the Chinese firm allowing Huawei to produce 35 per cent of the UK’s 5G infrastructure. Senior figures from both sides [...]
Sadiq Khan slams Johnson’s New Deal for ‘failing to grasp’ scale of economic crisis June 30, 2020 Mayor of London Sadiq Khan has slammed Boris Johnson’s pledge to pump £5bn into British infrastructure, saying the government has “fundamentally failed to grasp” the scale of the economic challenges facing the UK. In a major speech this morning, the Prime Minister set out government plans to inject billions into a new infrastructure project to [...]
Lockdown propels technological revolution for small businesses June 30, 2020 Small businesses in the UK achieved three years of innovation in just three months during lockdown, new research has found, as the coronavirus crisis spurred British business to adopt unprecedented changes to survive. More than a third of businesses in the UK have changed or are changing their operating model to adapt to new consumer [...]
Puma, Adidas, Microsoft and Ford join Facebook boycott June 30, 2020 Major global brands have joined a long list of companies that have withdrawn adverts from Facebook amid mounting pressure for the social media site to remove harmful and false content. Sportswear giants Puma and Adidas joined a raft of almost 200 major companies around the world including Reebok, Coca-Cola, and Starbucks, that have signed up [...]
National Gallery, Tate and Royal Academy set dates to reopen June 30, 2020 Major London art galleries are set to reopen next month as England prepares to lift social distancing restrictions after months of lockdown. The National Gallery will be the first major gallery in the capital to reopen on 8 July, while the Royal Academy is set to open its doors on 9 July, and the Tate’s [...]
Wirecard’s UK subsidiary scrambles to avoid collapse June 29, 2020 Thousands of UK consumers have been unable to access their cash, as financial apps relying on Wirecard technology were frozen after the German payments firm filed for insolvency last week. Wirecard’s UK subsidiary, Wirecard Card Solutions (WCS), said it was “working hard” to restore operations after the Financial Conduct Authority (FCA) on Friday ordered the [...]
Reddit bans long-running Trump fan forum ahead of US election June 29, 2020 Reddit has banned a long-running subreddit channel that supports US President Donald Trump, as US media firms crack down on online hate speech and disinformation in the run up to the presidential election. Reddit has banned its r/The_Donald political hub, along with more than 2,000 other subreddit groups, after the group continued to promote violence, [...]
