Monday, July 23, 2018

Business

US and UK pledge millions for largest-ever fund to fight modern day slavery

New public-private partnership aims to raise $1.5bn (£1.1bn) Leading businessmen, philanthropists and politicians have announced a new global fund for ending modern slavery. The public-private partnership plans to develop a new $1.5bn (£1.1bn) fund “to coordinate a...

UK government borrowing narrows after EU credit

UK government borrowing nearly halved in December from a year earlier, helped by a rebate from the European Union. Public sector borrowing, excluding state-owned banks, fell to a lower-than-expected £2.6bn last month, a £2.5bn fall...

Amazon opens first supermarket with no checkouts at all

E-retail behemoth Amazon is ringing in a new era for shoppers by opening its first supermarket with no checkouts at all – human or self-service. The company on Monday will open the doors to the...

Social media companies are losing public trust as ‘traditional’ media regains it, report finds

‘The public wants action on key issues related to online protection, and to see their concerns addressed through better regulation,’ says CEO of Edelman UK A new report has found people’s trust in social media...

Facebook plans major changes to news feed

Facebook is to change how its news feed works, making posts from businesses, brands and media less prominent. Instead, content that sparks conversations among family and friends who use the site will be emphasised, explained...

Amazon ‘very likely’ to bid for Premier League streaming rights

Amazon plans to bid for the rights to stream Premier League matches in the upcoming auction, according to a source familiar with the matter, part of a broader strategy to bring more sports content...

Renewable energy now makes up nearly third of all electricity generated in UK

Latest government figures show ‘record high’ for electrical power produced from sources like wind and solar. Electricity generation from renewable energy has reached a “record high”, according to new government statistics. The third quarter of 2017...

Wage squeeze continues for British households

Wage growth fell behind inflation for a seventh month in a row, according to new employment figures. The Office for National Statistics said average weekly wages rose by 2.3% in the three months to October,...

Health warning over salt content in vegetarian sausages

Popular vegetarian sausages are so salty that one portion contains more than half a pizza, research has warned. Meat-free sausages including some made by Linda McCartney and Quorn contain significantly more salt than the level...

How “bomb cyclones” can let us peer deep inside the Earth

Powerful storms on our planet’s surface can produce tremors that are helping geologists to see what the Earth’s interior might be like. Given its location on the Atlantic seaboard of North America, Maine is no...