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Archive for January, 2018

Trump Davos speech: ‘America First policy is not America alone’

January 26, 2018

President Donald Trump has told global finance leaders he will always put the US first when it comes to trade, but “that does not mean America alone”. “The US is open for business,” he said in his inaugural address to the World Economic Forum in Davos on Friday. But he continued to attack “predatory” trade […]

A third of coral reefs ‘entangled with plastic’

Plastic is one of the biggest threats to the future of coral reefs after ocean warming, say scientists. More than 11 billion items of plastic were found on a third of coral reefs surveyed in the Asia-Pacific region. This figure is predicted to increase to more than 15 billion by 2025. Plastic raises by 20-fold […]

David Davis to give trade deals pledge amid Brexit row

David Davis will say the UK will be able to negotiate trade deals as soon as it leaves the EU, amid a Tory row over the UK’s approach to Brexit. Chancellor Philip Hammond suggested on Thursday that changes to the UK-EU trade relations could be “very modest”. No 10 distanced itself from his remarks and […]

Carney calls for ‘deeper relationship’ with Europe

A “deeper relationship” with Europe will benefit the UK economy, the governor of the Bank of England said. Mark Carney’s comments follow claims by chancellor Philip Hammond that the UK and EU economies will only move “very modestly” apart after Brexit. Mr Carney said that while global growth had accelerated, the UK was suffering a “Brexit effect” […]

Some BBC male presenters agree to pay cuts

Some of the BBC’s leading male presenters have agreed to take a pay cut after revelations over equal pay. Jeremy Vine, John Humphrys and Huw Edwards have agreed to reductions, either formally or in principle, the BBC’s media editor Amol Rajan said. It follows Carrie Gracie’s resignation from her post as BBC China editor in protest at […]

UK economic growth exceeds forecasts, ONS says

The UK economy expanded by a better-than-expected 0.5% in the last three months of 2017, official figures say. Economists had expected a 0.4% expansion in the three months to December. However, the Office for National Statistics (ONS) said the broader picture was “slower and more uneven” growth. In 2017 as a whole, growth was 1.8% […]

Scandal-hit club shuts amid groping claims

January 25, 2018

The Presidents Club says it is to close following allegations that hostesses were groped at its men-only annual charity dinner. It said remaining funds would be distributed to children’s charities “in an efficient manner”. There was widespread outrage following claims about the event by an undercover FT reporter, and charities said they would return past donations. […]

JP Morgan boss in new warning on Brexit job losses

The chief executive of JP Morgan has told the BBC it could cut its 16,000 UK workforce by more than a quarter if financial rules diverge after Brexit. Jamie Dimon said the US bank had not needed to make drastic cuts on day one after the EU referendum. But he revised his long-term estimate of […]

Plastic bottles: Free water refill points rolled out to cut waste

Shops, cafes and businesses will offer free water refill points in every major city and town in England by 2021. Industry body Water UK says its scheme could cut disposable plastic bottle use by tens of millions a year. The move comes amid growing concern about the effect of plastic waste on the environment. Whitbread, […]

Mortgage approvals at the lowest for five years

The number of mortgages given out by UK banks has dropped to its lowest level for nearly five years, according to industry figures. UK finance said there were 36,115 seasonally-adjusted mortgage approvals in December, the lowest number since April 2013. The drop occurred despite a reduction in stamp duty for first-time buyers, which took effect in […]

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