Economy

Spring Statement: Government hints at dropping £50 note, 1p and 2p coins

Spring Statement: Government hints at dropping £50 note, 1p and 2p coins But it says the cost of industry processing and distributing low denomination coins to make up for those taken out of circulation is the same as for high denomination coins, making the cost high, relative to face value and utility. "The Government welcomes all contributions to the debate and will respond fully after the call for evidence closes on June 5". Having excess numbers of both types of ... [Full Article...]

Spring Statement 2018: everything you need to know

Spring Statement 2018: everything you need to know Phil's pretty happy. In 2018-2019 the United Kingdom government spending will be "in surplus", which means that it's getting more in tax than it's spending, and the amount it needs to borrowWhat's this? "We heard a Chancellor, conservatively optimistic about our economic performance and growth, stating that there is light at the end of the tunnel". [Full Article...]

HSBC's women are paid 60 per cent less than men

HSBC's women are paid 60 per cent less than men Meanwhile, women hold 67% of the bank's junior roles. The gap will widen to 60% this year, the UK's biggest bank said in a report on Thursday. It said it was "confident in its approach to pay" and if it identified pay differences between men and women in similar roles which could not be explained by performance or experience, it made "appropriate adjustments". [Full Article...]

Senators introduce WOOFF Act to protect animals on planes

Senators introduce WOOFF Act to protect animals on planes The Harris County Animal Cruelty Task Force is investigating the death of a dog on a recent flight from Houston . "She said, 'Oh, I'm sorry". "I'm not sure that any dog would have survived that because there's no airflow up there at all", Jan Budenz said. [Full Article...]

New Data Reveals How Amazon Video Stacks Up Against Netflix, Hulu

New Data Reveals How Amazon Video Stacks Up Against Netflix, Hulu It's not all good news, though, with Reuters pointing out that the critically acclaimed Good Girls Revolt only drew in 1.6 million views in the U.S., but since only 5,200 people signed up to watch it Amazon ended up paying out $1,560 for each new subscriber. [Full Article...]

IHeartMedia have filed for bankruptcy to clear $20bn in debt

IHeartMedia have filed for bankruptcy to clear $20bn in debt IHeartMedia is the largest owner of radio stations in the U.S., with over 850 AM and FM stations to its name. IHeartRadio operates some 850 radio stations nationwide, including Z100 in NY, seven stations in Albany, six in Binghamton, seven in Poughkeepsie, seven in Rochester, and five in Syracuse. [Full Article...]

Powerball jackpot at $420 million for Wednesday drawing

Powerball jackpot at $420 million for Wednesday drawing Players select five white numbers from (1 to 69) and one red ball (1 to 26). The drawing for the Rolling Cash 5 is each night at 7:35 p.m. Lucky for Life draws at 10:35 p.m. The jackpot for Mega Millions, drawn on Friday, has an annuity value of $345 million, or $205.3 million cash. The winning Powerball numbers for Wednesday, March 14 are 06-12-24-41-68, Powerball: 09. [Full Article...]

Unilever boss says Brexit didn't influence headquarters move out of London

Unilever boss says Brexit didn't influence headquarters move out of London Unilever is one of the largest companies in the UK's FTSE 100 share index, but is not expected to remain in the blue-chip index after the move. Board chairman Marijn Dekkers added that the changes "further strengthen Unilever's corporate governance, creating for the first time in our history a "one share, one vote" principle for all our shareholders". [Full Article...]

That Bottled Water You're Drinking May Contain Tiny Particles of Plastic

That Bottled Water You're Drinking May Contain Tiny Particles of Plastic As many bottled water brands are simply filtered municipal tap water, sample lots were purchased from a number of locations to increase the likelihood of diverse bottling sources. Given the amount of polypropylene, which is used in bottle caps, one theory is that the act of opening a bottle may shed particles inside. A few bottles were found to have thousands of particles - the vast majority bei... [Full Article...]

Toys R Us headed to court to liquidate

Toys R Us headed to court to liquidate Stores in San Jose, Emeryville, Pittsburg, Pinole, Brentwood, Union City, Fairfield and San Rafael were already on the chopping block as part of that move. Toys "R" Us reigned supreme in the 1980s and early 1990s, when it was one of the first of the "category killers" - a store totally devoted to one thing: toys. [Full Article...]

Sri Lanka v Bangladesh, Match 6

Sri Lanka v Bangladesh, Match 6 Whatever the case, Washington Sundar has been reading batsmen beautifully through the Nidahas Trophy, and now has some staggering stats to show for it. Mine and Chahal's four overs were very crucial and both us bowled well. "Looking forward to the SL game, we will try to come hard at them", said losing captain Mahmudullah at the post-match presentation. [Full Article...]

WhatsApp stops sharing data with Facebook

WhatsApp stops sharing data with Facebook WhatsApp's public commitment to keep private its users' information also puts an end to an ICO investigation into potential data sharing between the messaging app and Facebook, which purchased WhatsApp for $19 billion in 2014 . Denham said that she had been assured by WhatsApp that no data had been shared with Facebook other than as a data processor - in line with a pledge that was... [Full Article...]

WPI inflation eases to seven-month low of 2.5% in February 2018

WPI inflation eases to seven-month low of 2.5% in February 2018 Inflation for primary food articles eased to an eight-month low of 0.9% in February, dampened by a continued correction in vegetables and fruits as well as a contraction in cereals and pulses. The index for primary articles (weight 22.62 per cent) declined by 1.3 per cent to 128.0 from 129.7 for the previous month. WPI inflation in vegetables eased to 15.26 per cent in February from 40.77 pe... [Full Article...]

Oil jumps after US State Department shake up

Oil jumps after US State Department shake up On Wednesday, the Labor Department is scheduled to release a separate report on producer prices in the month of February. The oil minister for Iran said OPEC could agree at its next meeting in June to start easing the curbs in 2019, the Wall Street Journal reported. [Full Article...]

Broadcom withdraws $121b bid for Qualcomm

Broadcom withdraws $121b bid for Qualcomm Broadcom said in a statement regarding the order that the Singapore-based company " strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns ". Qualcomm is one of the San Diego area's largest private employers, and the family of co-founder Irwin Jacobs is one of the area's most generous philanthropists. [Full Article...]

U.S. charges former Equifax executive with insider trading

U.S. charges former Equifax executive with insider trading Equifax's former chief information officer has been indicted for insider trading, making him the first executive to face criminal charges following the company's massive data breach that exposed the personal data of more than 145 million Americans. [Full Article...]

EU appeals to Trump: 'make trade, not war'

EU appeals to Trump: 'make trade, not war' Other stops will include Hamilton, Sault Ste. In fact, the trade action is affected by the USA president's decision. Based on Section 232 of the Trade Expansion Act, the stiff tariffs will apply to all countries, except Mexico and Canada, with negotiations on NAFTA now underway. [Full Article...]

BC dropped from North America bid for World Cup soccer

BC dropped from North America bid for World Cup soccer Morocco is the only challenger to the joint Canada, Mexico and United States bid to stage the tournament. The federal government threw its support behind the committee Tuesday with a promise of $5 million in immediate help if the bid wins. [Full Article...]

Water cut in Syria's Afrin as Turkey completes encirclement

Water cut in Syria's Afrin as Turkey completes encirclement Afrin city lies in the heart of a Kurdish-majority enclave against which neighboring Turkey launched a deadly ground and air offensive on January 20. Ankara views the YPG as the Syrian branch of the Kurdistan Workers' Party (PKK) militant group that has been fighting for an autonomous region inside Turkey since 1984. [Full Article...]

Prudential to spin off United Kingdom and European business

Prudential to spin off United Kingdom and European business The pensions and investment giant announced today (14 March) it is splitting its United Kingdom and European arm from its Asia business, to create M&G Prudential , which will target retirement and fund management markets in the United Kingdom and Europe. [Full Article...]


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