Business

China to ‘minimize US automotive tariff to 15%’

Picture copyright AFP/Getty Picture caption US President Donald Trump says he has an excellent relationship with President Xi Jinping China has reportedly proposed reducing tariffs on US-made vehicles to 15%, the identical tax levied on automotive imports from different nations. Bloomberg reported that China’s cupboard will assessment the plans, which might undo the 40% import responsibility China imposed on US vehicles this summer season. The proposal, the timing of which

Pound sinks after no confidence report

Picture copyright Getty Photographs Sterling fell in opposition to the greenback to a brand new 20-month low on Tuesday. The decline adopted a Sky Information report colleagues of Theresa Might believed they’d enough numbers to set off a no-confidence vote in her management. Sky’s deputy political editor Beth Rigby tweeted that Conservative MPs had been “fairly assured” they’d the 48 letters wanted. The pound fell to $1.2490, down greater than

Manchester clothes agency lodges trademark declare towards Bentley Motors

Picture copyright Stefano Guidi/Getty Picture caption Bentley Motors says it has been promoting clothes for greater than 30 years with out being confused for some other model A enterprise has launched a authorized declare towards Bentley Motors over the possession of a clothes trademark. Brandlogic, proprietor of Manchester-based Bentley 1962 clothes, is in search of an injunction to cease the automobile agency utilizing the identify Bentley on UK clothes. It

France ‘Gilets Jaunes’: Spending cuts to fund Macron concessions

Picture copyright EPA Picture caption Bruno Le Maire (R) insisted France aimed to satisfy its European Union funds commitments Measures to defuse France’s yellow-vest protests will value €10bn (£9bn; $11bn), says Finance Minister Bruno Le Maire. That cash might be offset by cuts in different authorities spending, he says. Mr Le Maire, talking a day after President Emmanuel Macron outlined the modifications on TV, mentioned deliberate reforms remained heading in

India appoints new central financial institution governor

Picture copyright The India Immediately Group Picture caption Mr Das (left) and former Reserve Financial institution governor Urjit Patel Shaktikanta Das has been named as the subsequent governor of the Reserve Financial institution of India. Mr Das, who has beforehand labored on the board of the central financial institution and as finance secretary, will serve a three-year time period. He was intently related to the withdrawal of high-value financial institution

Laser pointers needs to be thrown away, say security consultants

Picture copyright Getty Photographs Laser pointers can have “terrifying” penalties for kids’s eyesight and needs to be thrown away, recommend security consultants. Within the run-up to Christmas, Buying and selling Requirements officers are stressing such gadgets are usually not real toys. Since 2012, not less than 47 kids have suffered everlasting eye injury because of lasers being shone of their faces. The federal government has promised to do extra to

Broadband clients to get automated compensation

Picture copyright Getty Photos Many shoppers who expertise mounted broadband or landline loss will quickly routinely obtain compensation. The £Eight-per-day deal follows a brand new settlement between Openreach and 5 of the UK’s web service suppliers. It is going to apply solely when the fault takes longer than two days to repair. If an engineer doesn’t arrive on schedule, or cancels inside 24 hours, the compensation shall be £25. There

Wages rises speed up to quickest tempo since 2008

Picture copyright PA Wages are persevering with to rise at their highest degree for almost a decade, the latest official Office for National Statistics figures show. Common weekly earnings, excluding bonuses, went up by three.three% within the three months to October, the most important rise since November 2008. Common weekly wages are £495, £25,740 a yr, the best since 2011, as soon as adjusted for inflation. The variety of folks

Carpetright losses widen as gross sales fall

Picture copyright Reuters Struggling ground overlaying retailer Carpetright stated half-year losses widened sharply to £11.7m from £zero.6m final time. Identical retailer gross sales fell by 12.7% over the six-month interval however the firm stated there was a “marked sequential enchancment” between the quarters. The corporate additionally stated web debt had dropped from £53m to £12.4m. Earlier this 12 months the corporate agreed a rescue plan, which included the closure of

The pub the place your money is nugatory

Picture copyright Phil Coomes Picture caption Guests to this pub cannot pay for his or her drinks or meals with money Cashless institutions could also be safer and extra handy, however are they extra common with the general public at massive? After yet one more break-in at south London pub the Crown and Anchor, Arber Rozhaja determined sufficient was sufficient. Burglars have been after money mendacity round after lock-up, however