News And Announcements
Uber ex-chief buys real estate company and plans to run it as CEO
Travis Kalanick, Uber's former chief executive, has found a new ride after exiting the ride-sharing company in June, acquiring a controlling stake in real estate company City Storage Systems for $150m.
Tech giants face higher taxes under new European Commission plans
Big technology companies like Facebook, Google and Amazon are facing an estimated $5bn increase in their tax-bill under new plans unveiled by the European Commission.
Unions agree pay deal for NHS workers
Health unions have accepted a deal for 1. 3m NHS workers that will see pay rise by at least 6. 5% over three years.
Spain seeks assurances on Gibraltar before endorsing transition deal
The European Union’s plans to endorse a post-Brexit transition agreement may have encountered a last-minute stumbling block after Spain demanded the deal not undermine it in its talks with Gibraltar.
MPs accuse PwC of taking advantage of Carillion and its collapse
A parliamentary committee has accused PricewaterhouseCoopers for “milking the Carillion cow dry” as the accountancy firm was grilled over the construction company’s collapse earlier this year.
US existing home sales rise more than expected in February
Sales of US existing homes rose more than expected in February, according to data from the National Association of Realtors.
Factory orders weaken but stay above trend, CBI says
Factory order books weakened in March but manufacturers continued to benefit from sterling’s decline and global economic growth, a CBI survey showed on Wednesday.
Government borrowing set to undershoot OBR forecast
Government borrowing is on course to undershoot the official forecast for the full year, official figures suggest.
UK wage growth and employment improve, lifting BoE hike chances
UK wage growth and employment levels are picking up more than expected, though there may be enough holes in the numbers for the Bank of England to "look through" the data and avoid raising interest rates yet.