Monday, September 24, 2018

Economy

Norway’s $1 trillion sovereign wealth fund may extend emissions blacklist to include more companies

The fund's ethics watchdog will look at more firms in the energy, steel and concrete industries and add shipping firms. The ethics watchdog for Norway’s $1-trillion sovereign wealth may blacklist more companies that produce too...

Cape Town dreads ‘Day Zero’ when the taps will run dry

Chronic drought has resulted in hundreds of residents being forced to queue overnight to stock up on water in South Africa’s second largest economic hub and tourism attraction. A tough water-saving regime and the generosity...

Rough ride for Uber in 2017 as losses rise to $4.5bn

Uber saw annual losses balloon to $4.5bn (£3.2bn) last year though its performance improved in the final quarter of 2017, the ride-hailing app revealed. The 61% increase in losses for the fast-expanding and controversial company...

UK must boost productivity and focus on international competitiveness to weather Brexit, says IMF

IMF said that a transition period would avoid a cliff edge and reduce uncertainty facing firms and households. The UK must focus on enhancing its economy’s productivity and international competitiveness in order to weather the shock...

Fury as Tesco takes payments months after people shopped

Tesco has apologised for taking money from people's accounts months after they visited its Express stores. The issue has left many customers upset as they have been charged for a number of shopping trips at...

London warned it’s not ready for robot taxis and drone deliveries

Europe’s largest city is a hotbed of ideas to make getting around the metropolis that little bit easier - but it isn’t ready for them on the streets. London’s regulators are unprepared for the introduction...

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...

British children more worried about Trump than global warming and nuclear war, study suggests

Children are experiencing "widespread anxiety" over the threat of terrorism and Donald Trump's presidency, a new survey from the Mental Health Foundation has found. In a bid to try and find out the impact world...

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...