According to a revelation of the United Kingdom HR body, the CIPD, labour shortages are being faced by firms in the country and there is a “reversal” in the number of migrant worker in UK workplaces. The outcome of the report – the shortage of both EU and non-EU migrants, indicates that there is a…
Following suffering losses in a regional election on Sunday, the coalition partner party of German Chancellor Angela Merkel gave her party till next year to deliver more policy results and threatened to withdraw support in case of no improvement. According ot an exit poll for broadcaster ARD showed Despite polling just 28 per cent of…
A 28 per cent year-on-year increase in pre-tax profit for the third quarter was reported by the largest bank of Europe – HSBC, at $5.922 billion. The revenue of the bank also increased by 6.32 per cent year-on-year for the third quarter, and was at $13.798 billion. But according to analyst forecasts compiled by data…
United States national security adviser John Bolton said on Firday that Russian President Vladimir Putin has been again invited by the Trump administration to to visit Washington, DC in 2019. “We have invited President Putin to Washington after the first of the year for basically a full day of consultations,” Bolton said at a news…
The president of Toyota stressed that the British government should avoid “at all costs” a no-Brexit deal. This is the latest episode of an influential Japanese investor commenting on the future of the UK economy. The industry leader Akio Toyoda lamented that leaders from the UK and the European Union failed to come to an…
A large section of the global business world has been impacted by the disappearance and death of Saudi journalist Jamal Khashoggi. This has resulted in uncertainties about planned investments in Saudi Arabia in various partnerships and in projects related to the in banking, transportation and technology sectors. Ever since the disappearance of the Washington Post…
Gillette will have a respite from the import tariffs imposed on steel by the Trump administration. The parent company of the shaving brand Procter & Gamble gas said that the brand would get a waiver from the 25 per cent import duty on steel that was imposed by United States President Donald Trump earlier this…
Facing pressure from environmental groups and the government, Volkswagen has agreed to hardware retrofit select models of older diesel vehicles as well as offer incentives to swap selected older models of diesel vehicles for newer ones, in the country. As per a source familiar with the matter at hand, Volkswagen will support hardware retrofits for…
The €200bn money laundering scandal that hit Denmark’s largest bank – Danske bank, has been described as the “the biggest scandal” in Europe by the European Commission. An explanation from ministers from Denmark and Estonia would be sought by the European commissioner for justice about how the Danske Bank executives and regulators did were not…
After a series of violent protests in Germany, the employees of Siemens are being urged to speak up by the company. In a letter sent to its 4300 employees in the Saxony state of Germany, the global engineering company urged its employees to fight the xenophobia prevailing there at the moment and thereby uphold the…
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