The 10 biggest business stories on Thursday March 31
1. Prime Minister David Cameron is to host crisis talks on the UK steel industry amid mounting pressure on ministers to guarantee the future of the Port Talbot steelworks and its 5,500 staff.
2. Takata has denied it has calculated the cost of the global recall of its faulty airbags, after a report alleged it could be as much as 2.7 trillion yen ($24 billion; 16.7 billion).
3. TUI said holiday bookings for this summer were higher than last year as Europeans chose to holiday in Spain and further afield instead of destinations like Turkey, putting it on track to meet its annual target.
4. Royal London has reported operating profit before tax and exceptional items of 244 million, up 11 per cent.
5. British households save 200 per year thanks to European Union free trade agreements, according to a new report from the London School of Economics.
6. Workers in Qatar renovating a 2022 World Cup stadium have suffered human rights abuses two years after the tournament's organizers drafted worker welfare standards in the wake of criticism, Amnesty International said.
7. BlackRock, the world's largest asset manager, is planning to cut about 400 jobs, Bloomberg reported, citing people with knowledge of the matter.
8. Gett, the on demand taxi app looking to take on the likes of Uber, has just announced that it has launched a bid to acquire Radio Taxis in London, Business Insider reports.
BHS goes into administration with 11,000 jobs under threat Monday April 25
BHS has filed for administration, putting 11,000 jobs at risk. Philip Duffy and Benjamin Wiles of Duff Phelps said BHS had "no alternative but to put the group into administration to protect it for all creditors". group will continue to trade as normal while administrators look for someone to buy the chain. MORE on the brink of collapse: everything you need to know high street store has been unable to find 60 million in emergency funding needed to pay wages and rent and stop it going under.
New 20 note design and personality unveiled by Bank of England Friday April 22
Artist JMW Turner and his painting The Fighting Temeraire will feature on the new design of the Bank of England's 20 note to enter circulation in 2020. English Romantic artist was chosen from a list of public nominations the first time the Bank has asked who should appear on a specific banknote. note, to be made Air Max 2016 Womens of polymer, will eventually replace the current 20 note featuring the economist Adam Smith.
The Governor and The Company of The Bank of England
Mitsubishi office raided in Japan as shares slide towards record low on fuel economy test scandal Thursday April 21
The offices of Mitsubishi have been raided in Japan after the company admitted to falsifying fuel economy data, sending shares plummeting 35 per cent in two days. watched in horror as the stock price fell a further 20 per cent on Thursday to trade around 583 yen following a raid on the Mitsubishi plant in the central Japanese city of Okazaki. was halted due to the surfeit of investors trying to sell stock. More than third of the company's value evaporated in the sell off.
Oil tumbles as Kuwait strike ends Wednesday April 20
The oil price is in retreat this morning after Kuwaiti workers ended a three day strike. Brent crude has slumped by 2.5 per cent already, down over $1 to $42.95 per barrel, as traders anticipate more oil flowing from Kuwait again. had walked out on Sunday, protesting against austerity cutbacks that will hit their wages and benefits. were lower than analysts, who had anticipated 580,000 in the US and 3.5 million globally, were looking for. It is also facing tough competition from Hulu and Amazon, which unveiled a new monthly subscription pricing model yesterday.
Chinese growth slides Friday April 15
China's economy grew at its slowest pace since 2009 in the first three months of the year, Cheap Air Max 2016 although there were signs that the world's second largest economy was stabilising. so called Dragon economy grew 6.7 per cent in the first quarter, official figures showed. That was down slightly on Air Max 2016 the previous quarter's 6.8 per cent but in line with Beijing's forecasts. Chinese banks issued nearly double the amount of new loans in March than in February while retail sales growth accelerated from 10.2 per cent to 10.5 per cent and industrial output advanced from 5.4 per cent to 6.8 per cent, well ahead of expectations.
Qilai Shen/Bloomberg via Getty Images
IMF warns Brexit will create 'severe global damage' Tuesday April 12
The IMF has slashed the UK's growth forecasts for this year, saying uncertainty created by the Brexit referendum in June is already hurting the domestic economy. It is a major intervention from the IMF into the referendum debate. The IMF's managing director Christine Lagarde has previously spoken about the negative economic impact of Brexit. But this is the first major warning from the Fund itself. IMF cut its 2016 GDP growth forecast for Britain to 1.9 per cent, down from the 2.2 per cent it projected in January. After Japan, it was the joint second largest downgrade handed out to any country in the G7.
Brighton Pier sold for 18m to former Pizza Express boss Friday April 8
Brighton Pier, one of UK's most iconic structures, is set to be sold in an 18 million deal to Eclectic Bar Group, chaired by former Pizza Express entrepreneur Luke Johnson. The Grade II listed landmark in East Sussex was placed on the market for the first time in more than 25 years back in 2011, before being withdrawn the following year. group said the purchase of the "iconic British asset" will boost its earnings. MORE music college set to close and be demolished against homeless man arrested after begging for 10 pence quashed College praised by parents for pioneering transgender uniform is one of the UK's most popular visitor destinations with over 10 million visitors per year, making it the most visited place in the South East. The pier itself is Britain's most popular attraction outside London," Luke Johnson said.
Panama Papers: Nike Air Max 2016 HSBC and Credit Suisse dismiss claims Tuesday April 5
Credit Suisse and HSBC, two of the world's largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. comments came a day after a leak of four decades of documents from a Panamanian law firm that specialises in setting up offshore companies showed widespread use of those instruments by global banks on behalf of their clients and triggered a raft of government investigations across the world.
nike air max id 2016
Moderators: mgmirkin, Moderators