By David Milliken LONDON (Reuters) – British employers expect to raise pay by 3% over the coming year, the lowest planned increase in two years and down from 4% three months ago, a survey from the Chartered Institute of Personnel and Development showed on Monday. The news is likely to reassure the Bank of England …
UK employers plan smallest pay rises in two years, survey shows Read More »
LONDON (Reuters) – The bosses of Britain’s biggest companies enjoyed record pay in 2023, with nine firms offering them packages of more than 10 million pounds ($12.75 million), research on Monday showed, as British workers argue for higher wages. The median pay for a FTSE-100 company CEO rose 2.2% to 4.19 million pounds last year, …
Britain’s CEOs get record pay in 2023, research shows Read More »
By Tom Sims FRANKFURT (Reuters) -German commercial property prices fell 7.4% in the second quarter from a year earlier but showed signs of stabilisation, the VDP banking association said on Monday, as the country’s real estate sector grapples with its worst crisis in decades. Commercial real estate valuations, in decline for two years, rose 0.4% …
German commercial property prices drop but show some stabilisation Read More »
LONDON (Reuters) -Catherine Mann, an external member of the Bank of England’s Monetary Policy Committee, said in a podcast released on Monday that goods and services prices were set to rise again and wage pressures in the economy could take years to dissipate. Mann voted against this month’s cut in interest rates and said in …
BoE’s Mann says UK wage pressures may last for years Read More »
By James Pearson LAS VEGAS (Reuters) – A recent surge in GPS “spoofing”, a form of digital attack which can send commercial airliners off course, has entered an intriguing new dimension, according to cybersecurity researchers: The ability to hack time. There has been a 400% surge in GPS spoofing incidents affecting commercial airliners in recent …
GPS spoofers ‘hack time’ on commercial airlines, researchers say Read More »
FRANKFURT (Reuters) – Thyssenkrupp said on Saturday its steel division must be restructured to fund investment needs with its own earnings, but that the parent company had provided financial security for the next two years. The comments from Thyssenkrupp CEO, Miguel Lopez, came after the chairman of the steel division said the business needs to …
Thyssenkrupp shuts down steel unit’s funding request Read More »
By Sheila Dang and Mimosa Spencer PARIS (Reuters) – Winning athletes in Paris have received their medals on Louis Vuitton trays before being handed a Samsung flip phone to take a “victory selfie”, heralding a new era of product placement at the Olympics that Los Angeles looks set to build upon. The medalists’ podium photo …
Paris sets new trend as the product placement Olympics Read More »
By Utkarsh Shetti and Supantha Mukherjee (Reuters) -Cisco will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said. The number of people affected could be similar to or slightly higher than …
Exclusive-Cisco to lay off thousands more in second job cut this year, sources say Read More »
By Mrinmay Dey (Reuters) -YouTube’s former chief executive and long-time Google executive Susan Wojcicki died on Saturday at the age of 56 after a two-year battle with lung cancer. “It is with profound sadness that I share the news of Susan Wojcicki passing. My beloved wife of 26 years and mother to our five children …
Former YouTube CEO Susan Wojcicki dies at 56 of lung cancer Read More »
By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase on Friday asked a U.S. judge in Manhattan to dismiss its lawsuit against Russia’s VTB Bank over a $439.5 million account frozen after Russia invaded Ukraine, saying VTB “coerced” it into requesting the dismissal. The largest U.S. bank had sued VTB in April, after the Russian …
‘Coerced’ JPMorgan Chase seeks to end NY lawsuit against Russia’s VTB Bank Read More »
