Job cuts loom as Ford gears up for major business redesign September 2, 2018 Analysts at Morgan Stanley have predicted that car-maker Ford is preparing to axe around 24,000 jobs as part of major redesign of its European business. The Sunday Times reported that the car giant could axe up to 12 per cent of its global workforce across European outposts in the UK, Spain and Germany. The newspaper [...]
Shares on Wall Street hit record highs as Donald Trump announces new trade deal with Mexico to replace Nafta August 28, 2018 Shares on Wall Street hit record highs yesterday after US President Donald Trump appeared to have agreed key parts of a trade deal with Mexico. Trump announced a new United States-Mexico Trade Agreement to replace the existing North American Free Trade Agreement (Nafta), and said negotiations with Canada would begin immediately. Canadian foreign minister Chrystia [...]
US and Mexico agree trade deal to replace NAFTA as talks with Canada set to begin immediately August 27, 2018 The United States and Mexico have reached an agreement on a new trade deal, as Wall Street rallies to all-time highs. President Trump has announced a new United States-Mexico Trade Agreement and said that discussions with Canada would begin immediately. Shares of automakers, set to gain from the deal, soared following the announcement with Ford [...]
US markets open higher amid optimism over new trade deal with Mexico August 27, 2018 The US markets have opened amid optimism as the White House and Mexico close in on agreeing a new trade deal. Reports that the US and Mexico are close to agreeing a new North American Free Trade Agreement (NAFTA) has seen US stocks rise to all-time highs today. The Dow Jones Industrial Average jumped 159 [...]
Moonpig owner Photobox Group acquires Dutch market leader Greetz August 22, 2018 Owner of greetings card firm Moonpig, Photobox, today announced it had bought rival Dutch firm Greetz. The acquisition positions Photobox as the market leader in greetings cards and personal gifting. Dutch market leader Greetz sold around 7.5m cards last year, and also provides services sending flowers, chocolates and beverages to customers. It widens Photobox's brands, which also [...]
Emergency COBRA meeting to be held after terror attack August 14, 2018 An emergency COBRA meeting is being convened this afternoon, following a terror attack outside Parliament this morning. Armed police officers arrested the man, who drove a silver Ford Fiesta into the security barriers outside the Houses of Parliament shortly after 7:30am, on suspicion of terror offences. He is not believed to be known to police, [...]
Uber puts its pedal to the metal on self-driving cars, halting development on cargo trucks | City A.M. July 31, 2018 Uber will focus its driverless vehicles technology solely on cars for the foreseeable future, halting development plans for cargo trucks. The ride-hailing giant said in a statement late last night that it will close down its self-driving trucks unit, which was born after the company bought a startup named Otto in a multimillion dollar acquisition [...]
Safari From Above: We take to the skies over Botswana for a whole new perspective on African safari July 20, 2018 Viewed from above, an elephant is a curious sight. Longer and considerably heavier than the light aircraft I was flying in, each member of the herd was unperturbed by the fact that our descent onto the dirt airstrip was only a few tens of metres above their heads. In fact, the only one who was [...]
House prices in Bethnal Green: Shoreditch’s loss is Bethnal Green’s gain as professionals flee high house prices in E1 | City A.M. July 16, 2018 There was a time when Bethnal Green lived up to its rural-sounding name. It was actually a prosperous area in the 19th century, with large houses and gardens. Originally called Bethan Hall Green, the name was changed to align with local Cockney pronounciation which dropped the ‘h’. By the 19th century, Bethnal Green became one [...]