(Reuters) – Britain’s finance minister Rishi Sunak is preparing to cut income tax by 2 pence to the pound or to slash rates of Value Added Tax (VAT) before the next election, The Times reported on Friday. Sunak has told officials to draw up detailed plans to reduce the tax burden, with a third option …
UK’s Sunak plans to cut income tax or slash VAT before next election -The Times Read More »
(This Dec. 2 story corrects throughout to say “transitional” workers, not “temporary”, replaces the word “permanent” with “legacy”, and removes reference to 30% temporary workers in fourth paragraph) (Reuters) – Kellogg Co said on Thursday it has reached an agreement with the union on a new five-year contract for its employees at a few breakfast-cereal …
Kellogg reaches tentative deal with union after 2 months of strike Read More »
By Paresh Dave and Julia Love SAN FRANCISCO (Reuters) – Alphabet Inc’s Google has seen an increasing number of employees coming in to its offices each week, particularly younger workers, the company’s real estate chief said during an interview at the Reuters Next conference on Friday. On Thursday, Google indefinitely pushed back the mandated return …
Google real estate executive says 5% more workers coming in to office each week Read More »
By David Lawder (Reuters) – The U.S. Trade Representative’s office said on Friday it was committed to legislation strengthening the domestic electric vehicle industry despite objections from Mexico and Canada over a proposed tax credit for electric vehicles built by U.S. union workers. The proposed $12,500 electric vehicle tax credit would include $4,500 for EVs …
USTR backs efforts to strengthen U.S. EV industry despite objections Read More »
DUBLIN (Reuters) – Ireland is to temporarily restart its COVID-19 Pandemic Unemployment Payment scheme for people who lose their jobs as a result of new restrictions on the entertainment sector, deputy prime minister Leo Varadkar said on Friday. “I don’t think this will be a large number of people, maybe in the thousands,” who will …
Ireland to temporarily reopen COVID-19 unemployment payment scheme Read More »
LONDON (Reuters) -British supermarket group Sainsbury’s has postponed all Christmas parties until the new year, fearing the emergence of the coronavirus Omicron variant could lead to higher staff absence levels during the key festive trading period. There have been 42 confirmed cases of the variant in Britain, which appears to be more transmissible, while tests …
UK’s Sainsbury’s postpones Christmas parties due to Omicron emergence Read More »
BRUSSELS (Reuters) – The European Commission said on Friday it had given preliminary approval to the disbursement of 10 billion euros ($11.3 billion) in grants to Spain under the EU recovery plan. The disbursement is part of the European Union’s wider, 27-nation plan to support the recovery of the European economy from the slump caused …
EU gives first nod to disbursement of 10 billion euros to Spain under recovery plan Read More »
By Anisha Sircar and Susan Mathew (Reuters) -European shares fell on Friday, hitting session lows after a downturn in U.S. stocks on a tech slide and fears around the Omicron coronavirus variant hitting economic recovery. The pan-European STOXX 600 erased morning gains to close down 0.6% after swinging between losses and gains all week on …
By Huw Jones LONDON (Reuters) – Banks in the European Union have swelled their capital buffers and boosted profitability over the past year, but they must not be “overly generous” in paying bonuses and dividends given the risk of abrupt market pullbacks, the bloc’s banking watchdog said on Friday. The European Banking Authority (EBA) said …
Don’t be overly generous with bonuses, EU watchdog tells banks Read More »
ZURICH (Reuters) – Roche board member Paul Bulcke, the current chairman of Nestle, will stand down from the Swiss drug-maker’s board of directors after its annual general meeting next year, the company said on Friday. Bulcke, who has been a member the Roche board since 2011, decided not to stand for re-election at the AGM …
Roche says Nestle Chairman Bulcke to leave its board of directors Read More »
