Business

US Bombardier dispute: 'Large reduction' for British employees

US Bombardier dispute: 'Huge relief' for British workers Media playback is unsupported in your system Politicians and union leaders have welcomed a ruling which stops the US imposing large 292% import tariffs on planes partly made by British employees. Over a thousand jobs in Belfast depend upon the success of the C-Sequence passenger jet, which is manufactured by Canadian aerospace agency Bombardier. UK Prime Minister Theresa Could stated it was

Bombardier wins commerce dispute in US

Bombardier wins trade dispute in US A Canadian aerospace agency which confronted damaging import tariffs on one among its jets has received a commerce dispute in the US. The UK authorities had suspected that Bombardier would lose and unions feared gross sales and UK jobs related to the C-Sequence could be hit. However in a shock ruling, the US Worldwide Commerce Fee (ITC) rejected a grievance introduced by Boeing. PM

Fb and Google criticised by George Soros

Facebook and Google criticised by George Soros The billionaire investor George Soros has criticised tech “monopolies” resembling Fb and Google, calling them a risk to democracy. At his annual dinner on the World Financial Discussion board in Davos, Mr Soros warned that social media platforms had been “obstacles to innovation”. He raised issues about their energy to form folks’s attentions. Nevertheless, he predicted their days had been numbered as a

UK PM seeks 'secure and moral' synthetic intelligence

UK PM seeks 'safe and ethical' artificial intelligence The prime minister is to say she desires the UK to steer the world in deciding how synthetic intelligence may be deployed in a secure and moral method. Theresa Could will say on the World Financial Discussion board in Davos new advisory physique, previously announced in the Autumn Budget, will co-ordinate efforts with different international locations. As well as, she is going

Pound hits $1.40 for first time since Brexit vote

Pound hits $1.40 for first time since Brexit vote Sterling has prolonged its rally towards the greenback to rise above $1.40 for the primary time for the reason that Brexit vote. Analysts mentioned the pound’s restoration was helped by falls within the greenback and a rethink by some traders concerning the UK’s financial prospects. Others mentioned that regardless of little improvement within the Brexit talks this month, there was some

Netflix tunes into subscriber surge

Netflix tunes into subscriber surge Netflix membership surged previous 117 million final yr, an increase the corporate confirmed its funding in unique programming was paying off. The streaming juggernaut added a document eight.three million subscribers within the three months to December, with 6.36 million of these outdoors the US. Viewers had been attracted by new seasons of hit exhibits together with Stranger Issues and The Crown within the quarter. Netflix

Theresa Could vows to cease personal sector 'pension abuse'

Theresa May vows to stop private sector 'pension abuse' The federal government will cease employees’ pensions being put in danger from “executives who attempt to line their very own pockets”, the prime minister has mentioned. In the Observer, Theresa Could mentioned a authorities white paper would set out “robust new guidelines” for firm bosses. It comes after it emerged that the collapse of building agency Carillion may depart its pension

Donald Trump and the US economic system in six charts

Donald Trump and the US economy in six charts Donald Trump took his place within the White Home precisely one 12 months in the past. Since then he has repeatedly claimed to be behind a brand new rise within the American economic system. Right here, six charts discover his relationship with US development, the labour market and commerce. 1. The American economic system is rising Donald Trump has spoken of

Coca-Cola pledges to recycle all packaging by 2030

Coca-Cola pledges to recycle all packaging by 2030 Coca-Cola has introduced a pledge to recycle a used bottle or can for each one the corporate sells by 2030. Calling it a “large international ambition” the agency admitted its half in littering the setting and a accountability to deal with the issue. The corporate, which markets 500 manufacturers of fizzy drink, juices and water, may even work in direction of making

Santander boss named in RBS scandal

Santander boss named in RBS scandal The boss of one of many UK’s largest banks has been named in Parliament as being liable for RBS’s scandal-hit World Restructuring Group (GRG). Nathan Bostock, who’s now head of Santander UK, was named by the Liberal Democrat chief Sir Vince Cable. Mr Bostock was a kind of liable for GRG when it engaged in an intentional technique that resulted in mistreatment of enterprise