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Archive for October, 2017

Record surge in atmospheric CO2 seen in 2016

October 30, 2017

Concentrations of CO2 in the Earth’s atmosphere surged to a record high in 2016, according to the World Meteorological Organization (WMO). Last year’s increase was 50% higher than the average of the past 10 years. Researchers say a combination of human activities and the El Niño weather phenomenon drove CO2 to a level not seen […]

Catalan independence: Spain’s top prosecutor calls for rebellion case

Spain’s chief prosecutor has called for charges including rebellion to be laid against Catalan leaders following the region’s declaration of independence. José Manuel Maza said the charges should also include sedition and provocation by regional officials. It comes as Spain acts to take direct control of Catalonia, replacing senior officials. Meanwhile, former Catalan leader Carles […]

Kobe Steel scraps profit forecast on fake data scandal

Japan’s Kobe Steel has withdrawn its full-year profit guidance due to uncertainty around the cost of its data falsification scandal. Last month it admitted to fabricating data on the quality of some products, possibly for more than a decade. Kobe Steel supplied those products to companies around the world but no safety issues have yet […]

Premium demand boosts Scottish single malt whisky exports

The growth in demand for single malt Scotch whisky boosted the value of exports in the first half of this year, according to new figures. However, the number of bottles exported between January and June was down. Value rose by 3.4% to £1.78bn, but volume fell by 2.2% to reach 528m bottles. That continues a […]

HSBC posts huge jump in profit as Asia business grows

Banking giant HSBC has reported pre-tax quarterly profits of $4.6bn (£3.5bn) for the three months to the end of September. The result marks a huge 448% increase from $843m posted in the same period a year ago. At that time, earnings were hit by a one-off loss of $1.7bn from the sale of its Brazilian […]

EasyJet agrees €40m deal with insolvent Air Berlin

EasyJet has confirmed a €40m (£35m) deal with Air Berlin to buy part of the insolvent German airline’s operations, in a move that will secure 1,000 jobs. EasyJet will buy some of the company’s assets at Berlin Tegel Airport, including landing slots as well as leases for up to 25 A320 aircraft. The UK airline […]

Spain warns Catalonia on self-rule as deadline looms

October 18, 2017

Spain will move to suspend Catalonia’s autonomy unless the region’s leader drops his push for independence, the deputy prime minister says. Soraya Sáenz de Santamaría gave the warning a day before a Spanish deadline to Carles Puigdemont was due to expire. Catalonia’s government has insisted it will not meet Madrid’s demands in the wake of […]

Theresa May scraps universal credit helpline charges

People will be able to call the government’s universal credit helpline without being charged, within weeks. Prime Minister Theresa May said she had listened to criticism of the charges, which can be up to 55p a minute, and decided it was “right” to drop them. But she again rejected calls by Labour leader Jeremy Corbyn […]

Millions miss bills as finances bite

An estimated 4.1 million people are in financial difficulty owing to missed domestic or credit bills, a major study has found. These consumers – most likely to be aged between 25 and 34 – have failed to pay bills in three or more of the last six months. The findings come as part of a […]

Redcar SSI site regeneration plan ‘may create 20,000 jobs’

Up to 20,000 jobs could be created under 25-year plans for the area around the former SSI steel plant in Redcar. Almost 170 years of steel making ended on Teesside in October 2015 when the firm collapsed, with the loss of more than 4,000 jobs. Now, those behind the South Tees Development Corporation (STDC) draft proposal […]

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