Sunday, 19 May 2024

Business

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MPs reject Boris Johnson's motion to trigger snap general election

Boris Johnson’s attempt to trigger an early general election has failed. Boris Johnson earlier said “there must now be an election on Tuesday October 15” after legislation designed to prevent a no-deal Brexit cleared the Commons. However, his motion did not secure the required support of two-thirds of MPs this evening, with the Commons voting […]

Trump: U.S. does not want to discuss Huawei with China

WASHINGTON (Reuters) – President Donald Trump said on Wednesday the United States does not want to discuss the U.S. blacklisting of Huawei Technologies with China as the two biggest world economies try to end escalating trade tensions. “It’s a national security concern,” Trump told reporters at the White House. “Huawei is a big concern of […]

UK looks to be on track for the first recession since the financial crisis

Britain’s economy looks to be on track for its first recession since the financial crisis, as growth in the important services sector slows. The closely watched IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) fell to 50.6 in August. Anything above 50 indicates growth, but the latest reading is a drop from July’s 51.4. The […]

Austria's AMS makes $4.8 billion Osram counter offer, outbidding private equity

VIENNA (Reuters) – Austrian sensor specialist AMS (AMS.S) (AMS.VI) launched a bid for Germany’s Osram (OSRn.DE) on Tuesday, valuing it at 4.3 billion euros ($4.8 billion) including debt and beating an offer from private equity firms Bain Capital and Carlyle (CG.O). AMS said it had made its 38.50 euros ($42.90) per share offer for Osram […]

‘Super shoppers’ are saving £200 a year with savvy discounts and you can too

The average Brit spends £3,827 a year buying things online, but millions of us are missing out on discounts that could be worth hundreds each. That's according to a new study by Shopper.com, which looked into how people were searching for discounts. Because, while the vast majority of us (86.9%) have used an online coupon […]

Earnings increase at Eir helped by declining costs

Communications group Eir has reported a 10pc increase in earnings to €578m in the 12 months to 30 June. The performance was positively impacted by a 14pc drop in operations costs to €406m. However, revenue at the telecoms group declined by 2pc to €1.2bn, according to annual results from the company. Carolan Lennon, eir chief […]

Papua New Guinea to investigate terms of UBS loan

SYDNEY (Reuters) – Papua New Guinea will start preliminary hearings on Sept. 19 into the terms of a A$1.2 billion ($810.5 million) loan from Swiss bank UBS (UBSG.S) used for an ill-fated government investment in the gas sector, the inquiry’s chairman said on Monday. The timetable and terms of reference, released for the first time, […]

Woman sent Muppets apology card by Amazon fraudster who conned her out of £600

Emily Morris had close to £600 stolen from her by fraudsters, only for the hearltess scammers to send her an apology card after. The 22-year-old from Rhostyllen, Wrexham, had her Amazon account hacked by criminals, who then went on a three-day spending spree with her money. But she only realised days later, as she'd been […]