CYBG Plc agreed to buy Virgin Money Holdings UK Plc for about 1.7 billion pounds (USD2.3 billion) in an all-stock transaction, creating a bank with about six million customers to challenge Britain's largest lenders. But the companies have admitted that, from their combined workforces of around 9,500 staff, up to 1,500 jobs are likely to go. Virgin Group is Virgin Money's biggest shareholder with a 34.8% stake in the business.
JD.com's USA -listed shares rose 2.5 per cent to $44.68 in morning trading on the Nasdaq. JD.com is second only to Alibaba in China's booming e-commerce market, offering a huge potential market for Google and its customers. Google is stepping up its investments across Asia, where a rapidly growing middle class and a lack of infrastructure in retail, finance and other areas have made it a battleground for US and Chinese internet giants.
A judge ordered that he be remanded into custody over fears he would attempt to suppress evidence. Stadler is the most senior executive yet to be detained in the dieselgate crisis, which started when the Volkswagen group admitted in 2015 to installing so-called "defeat devices" in some 11 million diesels worldwide that made them seem less polluting in lab tests than they actually were on the road.
Audi CEO Rupert Stadler has been arrested in relation to the emissions cheating scandal. The arrest has been made in connection with Audi's parent company Volkswagen's role in emissionsgate (dieselgate). Around 11 million vehicles from Audi are allegedly fitted with the emission manipulation devices. On the open road, untested, the level of emissions would in practice be far higher - up to 40 times as bad as recorded under laboratory conditions.
Now, McDonald's, the world's largest fast-food chain, says it will begin transitioning away from plastic to paper straws in U.S., U.K., and Ireland restaurants later this year, with plans to move to France, Sweden, and Norway before stretching the shift further across the globe.
The US fast-food chain said a majority of its customers supported the move away from plastic. Environment Secretary, Michael Gove said: "Congratulations to McDonald's on making this significant contribution to help our natural environment".
Commenting on the win, Zenith Australia CEO, Nickie Scriven, said, "We are delighted to be appointed as DiDi's lead agency as we launch DiDi into the Australian market". The International Monetary Fund warned this week US tariffs could dent global growth, but according to reports, President Trump is preparing to unveil $50 billion worth of new tariffs on another batch of Chinese imports.
But he injected a note of caution by making the step "subject to incoming data confirming our medium-term inflation outlook". "The end of December's asset purchase program was largely expected". "It is certainly a possibility now". The bank said it was pulling the plug on its 2.55 trillion euro stimulus program, but after the Federal Reserve raised US interest rates for the second time this year on Wednesday, the ECB rate promise came as a relief.
The dual-listed mining giant said the Western Australian project will fully replace production from its 80 million tonnes per year Yandi mine , which is reaching the end of its economic life. The investment includes construction of a new 80 million tonnes/year crushing and screening plant, as well as train loading facilities, a conveyor system and a stockyard.
If tariffs are placed on those products, they would likely affect farmers and rural supporters of president Trump . Beijing's countermeasures closely mirrored Washington's, with 545 American exports, also valued at $34 billion, facing punitive duties as of July 6, including agricultural products and vehicles, according to the official news agency Xinhua.
Rolls-Royce plans to cut 4,600 jobs over the next 2 years as part of a major restructuring effort by the British plane engine manufacturer. It has amassed orders for over 2,700 aero engines for wide-body aircraft and business jets and is now undertaking its biggest ever increase in large engine production, targeting over 600 wide-body engines a year by the end of this decade.
The shops, which are dotted around the United Kingdom, from London to Belfast and Glasgow, contributed £15m, or 2% sales, past year and made a loss of £3m. Analyst Darren Shirley at Shore Capital said: "In a challenging quarter for United Kingdom apparel, N Brown's first quarter 2018 trading has been a little better than subdued expectations, with management viewing the performance as "satisfactory...
A byproduct of higher participation has been a stubbornly high unemployment rate, which has fallen just 0.2 percentage points over the past year. The participation rate - which measures the percentage of people either in work or seeking work - was steady.
The two nations want to put pressure on Opec producers to keep prices under control, he said in New Delhi on Wednesday, asking not to be identified because of internal policy. But the president has not mentioned the tax increase idea in months as gas prices have steadily risen because of higher oil prices on the world market, eating into higher take-home pay that millions of American workers gained when Congress late previous year passed tax-cut legislation supported by Trump.
Founder and vocal Brexit supporter Tim Martin said that the move to non-EU suppliers would help to make prices lower in the long run, if the United Kingdom ends tariffs once it has left the customs union. Martin explained his anti-EU standpoint with: "There will be an inevitable transfer of trade post-Brexit to countries outside the European Union, which will reduce prices in shops and pubs".
German auto manufacturer Volkswagen AG announced Wednesday to accept 1 billion euro (1.18 billion US dollars) fine issued by local public prosecutor in the context of the diesel gate scandal, to terminate proceeding in Germany . "This relates to bringing diesel vehicles fitted with manipulative emissions management software into circulation on the European market". " Volkswagen AG, by doing so, admits its responsibility for the diesel crisis and considers this as a further major step ...
US soybean futures plummeted earlier this week on fears that a trade war was brimming and China would follow through on its threat of a 25 percent soybean tariff . The IMF said the White House , which has also threatened to withdraw from the North American Free Trade Agreement (Nafta), was responding to rising concerns about the side-effects of free trade.
In response , Facebook only committed in writing that it would "investigate all apps that it had access to large amounts of data". Facebook also clarified that its Business Tools allowed partners to share data outside of the platform, adding that it also collected device information including IDs, app behaviour and so on.
The suspect is undergoing surgery. She is in critical condition. Sources tell KSN sister station KSHB the suspected shooter is Antoine Fielder . "Both incidents unfolded protecting other citizens", Smith said, adding that the officers "did what they thought was necessary".
The Associated Press called the vote to repeal a "quick surrender" demonstrating the power of Amazon to sway governments at all levels against taxes. Meanwhile, Seattle's homeless population increased 44 percent in the past two years, and the town and surrounding county have the nation's third-largest concentration of people sleeping on the streets, according to a count done in 2017.