(Reuters) -Two of the UK’s largest pension schemes will vote against the election of top directors at BP Plc and Shell Plc at their annual meetings unless both companies improve their commitments to tackling carbon emissions, the Financial Times reported on Sunday. The plan by the Britain’s Universities Superannuation Scheme (USS) and Borders to Coast, …
By David Milliken LONDON (Reuters) – British finance minister Jeremy Hunt should try to boost employment across all age ranges in Wednesday’s budget statement, and not focus primarily on the over-50s, a human resources professional body said on Sunday. The Chartered Institute for Personnel and Development (CIPD) said there were more people aged 16 to …
UK government should focus on younger workers, not just over-50s, employers say Read More »
ZURICH (Reuters) – The Swiss National Bank is pulling out all the stops to bring Swiss inflation under control, Chairman Thomas Jordan has told newspaper SonntagsBlick, hinting at further rate hikes ahead. “At the moment inflation is too high in our country and we are doing everything we can to bring it back into the …
Swiss central bank doing all it can to curb inflation, Jordan tells SonntagsBlick Read More »
LONDON (Reuters) – Finance minister Jeremy Hunt will set out measures to boost Britain’s workforce next week, by offering financial incentives in his budget for parents with young children, disabled people and others to rejoin the workforce. Britain has a chronic labour shortage that is dragging on its economic performance. Foreign workers left the country …
Britain’s finance minister flags back-to-work incentives in budget Read More »
LONDON (Reuters) -Britain’s finance ministry and the Bank of England are working to minimize the disruption that could arise from a collapse of the UK arm of Silicon Valley Bank, which has been seized by U.S. regulators, the ministry said on Saturday. Talks were scheduled for Saturday to discuss the issues faced by British tech …
UK finance minister and Bank of England work to contain SVB fallout Read More »
(Reuters) -British clearing bank The Bank of London is considering a rescue bid for the UK arm of collapsed U.S. bank Silicon Valley Bank, Sky News reported on Saturday. The British bank has appointed investment bank Perella Weinberg Partners to advise it on its interest in Silicon Valley Bank UK Limited (SVB UK), the report …
Bank of London weighs rescue bid for Silicon Valley Bank’s UK arm – Sky News Read More »
By Erwin Seba HOUSTON (Reuters) -The United Steelworkers union (USW) said in a letter to members it was misled by Lyondell Basell Industries about possible buyers for the company’s Houston refinery, which the company has set for permanent closure late this year. “The International Union has been approached by buyers who say not only are …
Union says Lyondell misled it about possible Houston refinery buyers -letter Read More »
LONDON (Reuters) – Discount supermarket Aldi said on Saturday it will lift all customer purchase limits in Britain on salad items such as tomatoes, peppers and cucumbers after weeks of industry shortages. Aldi’s move, effective from Monday, follows the relaxation of limits by British rivals Lidl, Asda and Morrisons earlier in the week. “From Monday, …
Aldi to lift fresh produce purchase limits in Britain as shortages ease Read More »
DUESSELDORF, Germany (Reuters) – Germany’s Deutsche Post postal company said on Saturday it had agreed a wage deal with the Verdi trade union that would enable it to avoid an indefinite strike threatened by unionised workers. The offer – which members still need to vote on – would give Deutsche Post’s 160,000 employees in Germany …
Deutsche Post says it agrees wage deal with union to avoid strike Read More »
By David French, Echo Wang and Alun John (Reuters) – Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. California banking regulators closed the bank, which did business …
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded Read More »
