US jobless benefit claims push lower and labour market momentum slowing October 22, 2020 Initial claims for state unemployment benefits totalled a seasonally adjusted 787,000 for the week ended 17 October, down from 842,000 in the prior week, the Labor Department said today.
Whisky, stilton and pork pies to be protected in post-Brexit food regulations October 22, 2020 The government today set out new legislation to guarantee the authenticity and origin of traditional British foods such as stilton, pork pies and Scotch whisky at the end of the Brexit transition period. Negotiations between the UK and EU are still ongoing, with time running thin for a trade deal with the bloc before Britain [...]
Explosive Ghislaine Maxwell documents set to be released today October 22, 2020 Documents that Ghislaine Maxwell fought to keep secret relating to her relationship with convicted sex offender Jeffrey Epstein are set to be released today after the British socialite lost a court appeal. Maxwell has denied all charges of playing a role in the “sexual exploitation and abuse of multiple minor girls” under Epstein’s watch. She [...]
Khan accuses PM of ‘blatant lie’ in tit-for-tat over TfL bailout October 21, 2020 Sadiq Khan has accused the government of “lying” and playing “party political games” during Transport for London (TfL) bailout talks, sparking a tit-for-tat with the Prime Minister over the future of the ailing transport network. The London mayor told TfL’s board meeting today that the government wrote a “blank cheque without conditions” when giving emergency [...]
Sadiq Khan urges ministers to build more London council houses to ease post-pandemic inequality October 21, 2020 Mayor of London Sadiq Khan has urged ministers to significantly increase the number of council houses in London, in a bid to offset increasing wealth disparities caused by the Covid-19 pandemic. Khan today launched a major new report calling on the government to “stop blocking the aspiration of London’s councils to build” and urging ministers [...]
Jes Staley set ‘to stay on at Barclays for two more years’ October 19, 2020 Jes Staley is reportedly set to stay on as chief executive of Barclays, despite the lender coming under pressure to replace the controversial American. The bank is not expected to announce any succession plans when it reports third quarter earnings on Friday despite activist investor Edward Bramson recently renewing his attack on Staley, The Telegraph [...]
Tech Nation taps Boris Johnson’s brother to join board October 18, 2020 Tech Nation has hired Boris Johnson’s brother to join its board, becoming the entrepreneur body’s fifth new director in recent weeks. Jo Johnson, who was handed a peerage in July, will become a non-executive director at the government-funded organisation. Tech Nation chair Stephen Kelly said: “I’m pleased to welcome Jo Johnson onto the Tech Nation [...]
Retail mogul Mike Ashley makes fresh bid for Debenhams October 18, 2020 Sport Direct tycoon Mike Ashley has reportedly made a fresh bid for Debenhams, reviving his long-standing pursuit of the department store chain. The retail billionaire this month submitted an improved offer as the auction for Debenhams nears its final stages, the Sunday Times reported. Debenhams, which collapsed into administration in April, has hired Lazard to [...]
Government extends TfL funding for two weeks amid emergency bailout talks October 16, 2020 The government has extended its funding package for Transport for London (TfL) for two weeks, as the transport body scrambles to shore up emergency cash ahead of further lockdown restrictions in the capital. A spokesperson for TfL said: “We have today agreed with the government that our funding will be extended for two weeks so [...]
Brexit: Macron and Merkel clash over hopes for UK trade deal October 15, 2020 Hopes for a trade deal with the EU remained ambiguous at today’s EU summit, with French President Emmanuel Macron and German Chancellor Angela Merkel disagreeing over whether the UK will secure a deal before the Brexit deadline. Macron told a meeting of EU leaders in Brussels today: “I hope to finalise a Brexit deal in [...]
