News: Money

Vauxhall to cut a quarter of factory workforce

Sunday  19:03,   15 october 2017
Sky News

Vauxhall has announced plans to cut 400 jobs at its factory in Ellesmere Port - nearly a quarter of the workforce. Just under 1,800 people work at the plant, which has manufactured the Astra model since 1979.Vauxhall blamed "challenging European[...]

U.K. Sees $837 Billion Gain on Artificial Intelligence by 2035

Sunday  19:03,   15 october 2017
Bloomberg

Artificial intelligence could add 630 billion pounds ($837 billion) to the U.K. economy by 2035, a government-commissioned report said. The economic boost would come from a combination of more personalized services, improvements in health care and[...]

Costco is still cheaper than Whole Foods

Sunday  19:02,   15 october 2017
CNBC

<p>Competition is heating up in the grocery industry.</p>Competition is heating up in the grocery[...]

6 Most Important Things In Business Today

Sunday  19:01,   15 october 2017
24/7 Wall St.

Saudi Arabia may drop its plan to take huge oil company Aramco public Social Security benefits will probably rise 2% next year Bloomberg reports that California wildfires have grown substantially and take more lives. Its editors wrote They fled in[...]

Walmart Moves From Traditional Retailer To High-Tech Innovator

Sunday  19:01,   15 october 2017
Forbes

What happens when one big retailer competes head-to-head against another big retailer? That’s a world-champion heavyweight fight. That’s Amazon versus Walmart. Before going any further, I should say that I admire both of these retailers. They have[...]

3 Reasons Why We Are Addicted To Smartphones

Sunday  13:50,   15 october 2017
International Business Times

Why we love our phones so much might be related to our basic yearnings as human beings, explains a scholar, who is also a pastor.The much-anticipated product launch was followed by millions who watched the event via livestream and on internet[...]

US hedge fund wants break-up of £35bn Shire

Sunday  01:05,   15 october 2017
Sky News

A US hedge fund is demanding a string of divestments at the FTSE-100 biotech group Shire, underlining growing interest among activist investors in large European companies. Sky News has learnt that Sachem Head Capital Management is urging the board [...]

Russia is prepared for $40 oil, finance minister says

Sunday  01:05,   15 october 2017
CNBC

Russia has accounted for oil at £30.1 ($40) a barrel in its budget, finance minister Anton Siluanov said.<br>Brent crude was trading above $57 on Friday, but the Russian minister said that the budget has taken into account price[...]

DWP Forced To Admit Universal Credit Claimants Need To Call Costly Helpline

Saturday  18:18,   14 october 2017
Huffington Post UK

The government has been forced into an embarrassing backtrack after admitting Universal Credit claimants need to call a costly helpline to receive welfare payments. The confession came just a day after the Department for Work and Pensions (DWP) said [...]

DWP Forced To Admit Universal Credit Claimants Need To Call Costly Helpline

Saturday  18:18,   14 october 2017
Huffington Post UK

The government has been forced into an embarrassing backtrack after admitting Universal Credit claimants need to call a costly helpline to receive welfare payments. The confession came just a day after the Department for Work and Pensions (DWP) said [...]

EU's top executive demands that UK pay Brexit bill

Saturday  18:17,   14 october 2017
Associated Press

The leader of the European Union's executive complained Friday that talks on Britain's departure from the bloc will take longer than expected and demanded that Prime Minister Theresa May's government pay its divorce bill. European[...]

Next week's Royal Mail strike blocked by court

Friday  22:04,   13 october 2017
Sky News

Royal Mail has won a High Court injunction preventing next week's 48-hour strike by postal workers. Members of the Communications Workers Union (CWU) were set to walk out from 19 October in what would have been the first national postal strike[...]

May Should Fire Hammond for Brexit `Sabotage,' Nigel Lawson Says

Friday  22:03,   13 october 2017
Bloomberg

U.K. Prime Minister Theresa May should fire Chancellor of the Exchequer Philip Hammond because of his negative warnings about Brexit, said Nigel Lawson, a Tory who held the finance minister’s job in the 1980s. Hammond said on Wednesday the U.K. [...]

Tory minister's comments spark fears that the 'dementia tax' may return

Friday  22:03,   13 october 2017
MSN

A Conservative minister has suggested that the elderly should sell their homes to pay for care and houses should not be seen as "an asset to give to their offspring," sparking new fears of a "dementia tax."&nbsp;Social care[...]

UK faces gridlocked future, Lord Adonis warns

Friday  22:03,   13 october 2017
Sky News

The UK faces a tainted future of gridlock on the roads, railways and in the skies, as well as slower broadband and worse air quality, according to the man who advises the Government on infrastructure projects.  Lord Adonis, chair of the[...]