Tag Archives: Global economy

Thanks for joining us. We start the week with a look at the Employment Rights Bill, which will be scrutinised in Parliament for the first time today. The leader of the TUC has urged MPs to back the reforms and make sure they leave themselves “on the right side of …

Jerome Powell has given his strongest hint yet that the US will start cutting interest rates next month amid hopes that inflation is finally under control across the West. The Federal Reserve chairman indicated that he will be able to reduce borrowing costs from their current level of 5.5pc in …

Sales of the iPhone have fallen to the lowest level for three years after Apple’s popularity dropped in China and as shoppers wait for new models. Apple recorded an 1pc drop in quarterly iPhone revenues on Thursday night to $39.3bn (£30.9bn), the lowest figure since 2021. While a small drop, …

Thanks for joining me. Volkswagen will invest $5bn in Tesla rival Rivian in a deal that will give it access to the start-up’s technology. The joint venture comes amid uncertainty in the electric car market, which is the subject of a trade war between US, EU and China, and lacklustre …

The board of Royal Mail owner International Distribution Services said it has agreed to a £3.57bn takeover offer from Czech billionaire Daniel Kretinsky. Under the deal, Mr Kretinsky has agreed for Royal Mail to deliver first-class post six days a week for the next five years.  5 things to start …

Thanks for joining me. Thames Water plans to spend nearly £20bn fixing leaks and sewage spills under a new business plan sent to regulators. The beleaguered water supplier, which has £18bn of debt, wants to spend £1.1bn more than previously thought under proposals sent to the regulator Ofwat, known as …

Royal Mail has won a five-year contract for the collection and delivery of passports and supporting documents including UK Visas and Immigration … Source link

Royal Mail workers have overwhelmingly accepted a deal which ends their long-running dispute over pay, jobs and conditions. Source link

Royal Mail's pleas to axe Saturday deliveries have been blocked by ministers as regulators investigate where to fine the company for breaching its … Source link

Rail passengers face fresh travel chaos over the June half term after unions announced new strikes. Members of the Rail, Maritime and Transport union (RMT) will walkout across England on Friday 2 June. The strike action involves 20,000 rail workers at 14 train operators, including station staff, train managers and …