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Today News

12

Carillion was a massive Ponzi scheme

the collapse of Carillion says a great deal about the state of Britain in the twenty-first century.

Wednesday, Jan 17

19

Apple plant staff in China work 10 hours a day in sweatshop conditions without proper training

IB Times UK / Business

Workers at a Catcher factory in China were forced to work 10 hours a day for six days a week without proper training.

11

'There is a disaster looming': Carillion collapse could replicate 2008 banking crash

IB Times UK

Carillion boss Keith Cochrane accuses RBS and banks of deliberately scuppering a deal to keep the company afloat.

Tuesday, Jan 16

17

Carillion workers ordered to remain silent after company collapses into liquidation

IB Times UK / Business

Internal memo urges workers not to speak to the media and to avoid airing questions on social media.

Is there ever a 'Kodak moment' in transportation infrastructure?

IB Times UK / Business

Essential assets can eventually become obsolete but many reinvent themselves. Transport adapts to survive.

11

Carillion liquidation news: Private sector pay will be suspended as creditors' future uncertain

IB Times UK

Government will continue to pay Carillion employees working in public sector, but private sector workers will be cut loose.

Monday, Jan 15

12

Carillion workers' petrol cards rejected as 'brutal reality' dawns

IB Times UK

Construction giant is on the brink of liquidation after failing to secure £300m cash injection to keep it afloat.

11

Carillion liquidation: Who is chairman Philip Green and what will happen to company pensions?

IB Times UK

Construction giant has debts of £900m and entered voluntary liquidation after talks to keep it afloat failed.

02

Ailing construction group Carillion makes last-ditch rescue appeal to creditors

IB Times UK

The government has refused to rescue the construction group Carillion which is on the point of collapse.

Sunday, Jan 14

17

HS2 construction company with £1.5bn debt 'could collapse into administration in just a day'

IB Times UK / Business

Government talks are taking place to save Carillon, one of the contractors for high-speed rail link HS2, but ministers have reportedly ruled out a financial bailout.

Friday, Jan 12

Flight cancellations fiasco costs Ryanair crown as Europe's biggest airline

IB Times UK / Business

Ryanair's traffic increased by 10% in 2017 but decision to cancel 20,000 flights hampered its performance.

Thursday, Jan 11

18

Waitrose stops selling 'slavery' coffee tins showing black plantation workers

IB Times UK / Business

Tins of Saquella Oro Espresso carried images of black slaves harvesting coffee in plantations and were removed after a complaint.

Wednesday, Jan 10

Violent protests raise tensions in Tunisia, birthplace of Arab Spring

In recent days, violent protests over price hikes have left one person dead and raised fears of broader unrest in the country that was the birthplace of the Arab Spring.

15

Food shortages and world's highest inflation push Venezuelans to the edge

Supermarket shelves and fridges are empty, and the prices of the few goods that are available can change every day.

11

Philip Hammond and David Davis make plea to EU for 'most ambitious trade deal in the world'

IB Times UK / Business

Chancellor and Brexit secretary hope to secure a bespoke trade deal with the European Union that will include financial services.

03

World's richest man Jeff Bezos earned more than the combined GDP of 28 countries last year

IB Times UK / Business

The founder of Amazon Jeff Bezos, worth $104bn, is the world's richest man and earned $32.6bn last year, more than the GDP of 28 countries combined.

Tuesday, Jan 9

10

EU countries will have to spend more to cover British funding gap warns Jean-Claude Juncker

Juncker dismisses the idea Britain could backtrack on its Brexit pledge and urges remaining members to commit to a new financial framework.

08

What impact would political bluster have on investor sentiment in 2018?

IB Times UK

Investors were right to bet that common sense would prevail in 2017. Most likely, it will in 2018 too.

Monday, Jan 8

19

Doggone! EasyJet will look after your pets when you're on holiday

www.ibtimes.co.uk

EasyJet is teaming up with TrustedHousesitters to offer customers the chance to look after pets in a range of interesting locations.

17

British Airways scraps reclining seats on short flights in bid to slash ticket prices

IB Times UK

British Airways' CEO Alex Cruz under fire for seemingly turning flagship airline into a no-frill carrier.

15

Lidl's mega warehouse near Luton would see 1,000 new jobs created

German discount supermarket says the facility would serve growing demand at its London stores.

13

Australia paints dire picture of iron ore prices in 2018 forecasting a 20% slump

Government says drop in Chinese demand could spell very bad news for the industry.

12

UK travel misery: Commuters face disruption as three-day rail strike kicks off

South Western Railway passengers expected to be worst affected with operator set to cancel 450 services a day.

UK house prices in monthly decline for the first time since June

Latest survey by Halifax finds fresh signs of market weakness.

11

Another suicide at iPhone factory in China casts light on Foxconn working conditions

China Labor Watch claims 31-year-old Foxconn worker jumped to his death in Zhengzhou, where 50% of iPhones are assembled.

Friday, Jan 5

17

Pound gains ground as UK productivity rises to a six-year high

British currency gains from positive macroeconomic data as US jobs figures fail to perk up the dollar.

12

Plunging demand for diesel vehicles triggers first UK car sales drop for six years

Demand for diesel cars plunged by nearly a fifth denting the headline figure for 2017, according to latest data.

11

Apple admits 'all Mac devices', iPhones and iPads affected by Meltdown and Spectre

Tech giant made the admission in a blog post, but said patches had been issued and there were no known vulnerabilities.

09

Horrible Bosses: 1 in 10 Brits have imagined killing their boss

Study finds construction workers atop those harbouring murderous thoughts followed by media professionals.

Thursday, Jan 4

15

Eurozone economy ends 2017 on 'stellar' note

IB Times UK

The 19-country eurozone economy closed out last year growing stronger than at any time in nearly seven years.