Train drivers have voted to continue taking strike action for the next six months as part of a long-running dispute over pay. The vote comes as train drivers begin nine days of industrial action between 1 and 9 December. Strikes will affect train companies on a rolling basis, and the Aslef union has also imposed […]
The European Commission has hatched a confidential Plan B proposal to “cushion” the impact of a looming 10% tariff on imports and exports of electric vehicles. The proposal was presented to member states on Monday in response to pressure from carmakers to amend some of the conditions imposed when the UK left the EU in […]
Rail workers have voted to accept a pay deal, ending their involvement in a long-running series of strikes. Members of the RMT union agreed to an offer from train companies which included a backdated pay rise of 5% for 2022-23 as well as job security guarantees. It means that RMT members will no longer be […]
Metro Bank is axing 20 per cent of its workforce in a bid to cut costs, days after its investors backed a £925million rescue package. The embattled lender is also ‘reviewing’ seven day opening and extended hours across its branch network, it told investors on Thursday. Metro said it had identified potential cost savings of […]
Falling inflation and speculation that interest rates have peaked have boosted business confidence back to levels not seen since before the onset of the energy crisis caused by the war in Ukraine, according to new research. An index compiled monthly by Lloyds bank, tracking optimism among British companies, climbed by three points to a net […]
Cristiano Ronaldo, the Portuguese and former Manchester United footballer, is facing a lawsuit seeking “a sum exceeding” $1 billion over his promotion of Binance, the world’s largest cryptocurrency exchange. A filing in a US district court in Florida claimed that Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities […]
Lloyds Banking Group is shutting another 45 bank branches across its network amid the ongoing shift away from high street banking. The group is shutting 22 Halifax branches, 19 Lloyds branches and four in the Bank of Scotland business. The latest closures now bring the total number of high street branches closed across the sector […]
Wilko could be making a comeback as a retail boss has revealed plans to reopen nearly 300 branches of the high street chain across the UK – with three set to reopen before Christmas. Billionaire founder of The Range Chris Dawson is reportedly working on deals which are ‘with the lawyers’ to get 50 shops […]
Amazon has become the latest tech giant to announce a chatbot powered by artificial intelligence (AI). It said that the bot, called Q, would help businesses to do things like summarise long documents or group chats and would increase productivity. It comes a year after OpenAI’s bot ChatGPT shook the market, sparking a rush among […]
Thousands more families are renting smaller homes than they were three years ago. Renters aged over 30 are more likely to move to cheaper areas as the cost of renting has soared and availability squeezed, Dataloft figures also show. The consultancy said trade-offs were needed so people could stay in budget. The National Housing Federation […]