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Archive for August, 2018

Clock changes: EU backs ending daylight saving

August 31, 2018

The EU Commission is proposing to end the practice of adjusting clocks by an hour in spring and autumn after a survey found most Europeans opposed it. Commission President Jean-Claude Juncker said millions “believe that in future, summer time should be year-round, and that’s what will happen”. The Commission’s proposal requires support from the 28 […]

Trump threatens to pull US out of World Trade Organization

President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO), claiming it treats his country unfairly. “If they don’t shape up, I would withdraw from the WTO,” Mr Trump said in an interview with Bloomberg News. The WTO was established to provide rules for global trade and resolve disputes between countries. […]

How the Hogwarts Express was saved from a Welsh scrapyard

Emerging from the clouds of steam engulfing platform nine and three-quarters, the gleaming Hogwarts Express commands a special place in the hearts of Harry Potter fans. Yet there was a time when the only place this engine could call home, was a south Wales scrapyard where it lay rotting among the hulks of a bygone […]

House prices see summer slowdown, says Nationwide

Annual UK house price growth continued to slow over the summer with homes now 2% more expensive than a year ago, the Nationwide has said. The building society said that the annual change had fallen from growth of 2.5% in July to 2% in August. Average property prices had actually fallen by 0.5% in August […]

Crossrail delay: New London line will open in autumn 2019

London’s £15bn Crossrail project is to open nine months after its scheduled launch to allow more time for testing. Europe’s biggest infrastructure project will help ease London’s chronic congestion by connecting major landmarks such as Heathrow Airport and the Canary Wharf business district. The route, to be known as the Elizabeth Line, had been due […]

Viagogo taken to High Court by competition regulator

Ticket reseller Viagogo is being taken to court by the competition watchdog over concerns it is breaking consumer protection law. The Competition and Markets Authority took action against the big four secondary ticket sites last November. StubHub, Get me in! and Seatwave promised to change their business model but Viagogo has failed to make changes […]

Coca-Cola to buy Costa coffee for £3.9bn

Coca-Cola is to buy the Costa coffee chain from owner Whitbread in a deal worth £3.9bn. Whitbread had intended to spin off the chain as a separate firm, but said a straight sale was more profitable. Chief executive Alison Brittain said Whitbread would now focus on its Premier Inn business in the UK and Germany. […]

Government proposes energy drinks ban for children

August 30, 2018

The sale of energy drinks could be banned in England to anybody under 18, amid fears they are damaging children’s health, the prime minister has said. The government has launched a public consultation on its plans to make it illegal to sell the drinks to children. Energy drinks contain high levels of sugar and caffeine […]

Vodafone in $11bn Australian merger

Vodafone’s Australian operations will become part of a new telecoms giant. Under a A$15bn ($11bn; £8bn) merger Vodafone Hutchison Australia and TPG Telecom will create a mobile, fixed-line and broadband provider with the scale to rival Telstra and Optus. Vodafone Australia, owned by Hong Kong-based CK Hutchison and Vodafone Group, will have a majority 50.1% […]

Argentina raises rates as peso plummets

Argentina’s central bank has raised interest rates to 60% as the value of the peso continues to plummet. The currency plunged by more than 15% in morning trade on Thursday, after falling 7% a day earlier. It comes after the International Monetary Fund (IMF) agreed to speed up its $50bn bailout to the country, citing […]

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