Industry slams Labour plan to bring outsourced public services in-house July 21, 2019 Business leaders have pilloried a Labour policy announcement to bring local council jobs like construction, bin collection and school dinners in-house. John McDonnell this weekend said the party wants local councils to carry out the services themselves rather than pay companies to do it. The Confederation of British Industry’s chief UK policy director Matthew Fell [...]
Boris Johnson would do a ‘great job’ as Prime Minister, says Trump July 20, 2019 US President Donald Trump has given his support to Boris Johnson to become Prime Minister once again by insisting he would do “a great job” if elected next week. Trump also said the pair would have “a very good relationship” speaking to reporters in Washington. Read more: ‘Faulty thought process’: Trump lashes out at Fed [...]
Philip Hammond ‘may quit Downing Street’ before new PM takes power if Boris wins July 18, 2019 Philip Hammond may be set to jump before he is pushed out of office by Boris Johnson, it is reported. The chancellor of the Exchequer could order removal vans to 11 Downing Street as early as today, according to the Daily Mail, which reported that Hammond has told friends he is set to quit. Read [...]
Elon Musk reveals plans to connect human brains to computers July 17, 2019 Billionaire Elon Musk yesterday revealed plans to develop technology to allow human brains to connect with computers. Secretive “brain-machine interface” firm Neuralink was founded in 2017 to fight the “existential threat” of artificial intelligence developing further than humans. Read more: Tesla boss Elon Musk rebrands on Twitter as Daddy Dotcom At an event in California [...]
Sadiq Khan rejects Tulip tower planning application July 15, 2019 London mayor Sadiq Khan rejected plans for the controversial Tulip tower this afternoon, dashing supporters’ hopes that the Square Mile would become home to the second-tallest skyscraper in western Europe. The 305-metre building, named for its distinctive viewing platform at the top, was planned as a visitor attraction in the heart of the City, next to [...]
Donald Trump says his trade war tariffs are ‘major factor’ in China slowdown July 15, 2019 US President Donald Trump has claimed that his tariffs are damaging China’s economy after its growth slowed to a 27-year low. Read more: China growth slows to 27-year low “The United States Tariffs are having a major effect on companies wanting to leave China for non-tariffed countries,” Trump tweeted. He added: “We are receiving Billions [...]
One Last Dance: Theresa May celebrates England cricket win with victory boogie July 15, 2019 Prime Minister Theresa May danced away one of her final weekends in number 10, throwing her trademark shapes in celebration of England’s cricket World Cup victory. May, who has been branded the ‘Maybot’ by detractors, dropped some of her notoriously awkward dance moves last night to Abba hits including Dancing Queen and Mamma Mia. Read [...]
Sports Direct expected to post 20 per cent profit drop July 14, 2019 Sports Direct is expected to report a 20 per cent drop in profit following an acquisition spree by billionaire owner Mike Ashley. Profit before tax could slip from £152.9m to £122.06m, according to data from S&P Global Market Intelligence. Read more: Top Sports Direct executive leaves Mike Ashley’s firm Analysts said revenue is expected to [...]
Turnaround time for struggling food giant July 12, 2019 | City Talk By Rodney Hobson from interactive investor. The proof of the pudding lies with a new chief who looks set to sell off poor performers to boost spending on premium lines. A heavy burden lies on the shoulders of Miguel Patricio, who took over as chief executive officer of food and beverage giant Kraft Heinz (NASDAQ:KHC)last month. The reputation of [...]
It’s time we rediscovered the ancient art of diplomacy July 12, 2019 On hearing of the death of the Turkish ambassador, the legendary Napoleonic diplomat Charles-Maurice de Talleyrand supposedly responded: “I wonder what he meant by that?” An apocryphal anecdote, perhaps, but this week, when the spotlight has been focused brightly on the shadowy world of the foreign service, it’s a useful story to consider. Sir Kim [...]
