The European Central Bank (ECB) doubled down on its negative rate policy on Thursday, meaning banks will now have to pay 0.5pc interest simply for depositing much of their spare cash with it – an attempt to make them lend more to kick-start the eurozone economy. While such a policy is widely considered valid only […]
David Cameron has said a second Brexit referendum cannot be ruled out as he accused Boris Johnson and Michael Gove of effectively “trashing” the UK government during the 2016 campaign. The Conservative former prime minister, 52, admitted that he thinks about the consequences of the vote to leave the European Union “every single day” and […]
While it may have become the norm for people in Hong Kong to step over broken glass, latte in hand, to get to work, businesses will not relocate from the city on account of the protests alone. For such a move to take place, there must be other push factors, say most of the 120 […]
With only days to go, the countdown is on for the National Ploughing Championship 2019. From traffic, weather, and events, below is everything you need to know. Weather Warm sunny spells have been forecast ahead of the National Ploughing Championships next week, with temperatures expected to reach into the high teens. Met Eireann forecaster Deirdre […]
HONG KONG (Reuters) – Cathay Pacific Airways Ltd (0293.HK) has put a freeze on new hiring, according to an internal memo seen by Reuters, as the airline battles a slump in demand from fliers avoiding Hong Kong amid massive anti-government protests in the city. In a memo to staff on Wednesday evening, new Chief Executive […]
Families are to miss out on income tax cuts and social welfare increases next year as the Government lacks the firepower to fight the effects of a hard Brexit. Finance Minister Paschal Donohoe is blaming Brexit for a ‘standstill’ Budget 2020 – but the State’s financial watchdog says the failure to control spending for the […]
(Reuters) – U.S. President Donald Trump tweeted with envy on Wednesday about the ultra-low, even negative interest rates in other parts of the world, berating what he called the “boneheads” at the Federal Reserve for not following suit. But Trump would be well-advised to be careful what he wishes for lest he get it – […]
Under pressure from the federal government, General Motors is recalling nearly 3.8 million big pickup trucks and SUVs in the U.S and Canada to fix a brake problem. The recall covers the Chevrolet Silverado and GMC Sierra 1500, 2500 and 3500 pickups from the 2014 through 2018 model years. Also included are the Cadillac Escalade […]
HANGZHOU, China/SEOUL (Reuters) – Apple Inc’s (AAPL.O) new, lower priced iPhone that comes with a faster processor but lacks 5G technology disappointed Asia, where cheaper and feature-packed handsets from rivals are already available. The iPhone 11, launched on Tuesday for $50 less than last year’s base XR model, was met with a limp response from […]
SINGAPORE – Service sector companies can now get more help to transform their businesses as they adapt to changing manpower needs and consumer demands. They will be able to tap government subsidies and professional guidance under the new Service Industry Transformation Programme (SITP) announced by Manpower Minister Josephine Teo on Wednesday (Sept 11). Over four months, […]