We won’t close the gender pay gap in the City until we face up to the pressures of having a family

Cost is also a key issue in the UK. Obviously few organisations can provide a crèche service, but ensuring parents know how to make the most of childcare benefits, vouchers and other schemes will be worth a lot.Read more: Blame the coalition for rising childcare costsBuy-in from men is also vital. The UK introduced Shared Parental Leave in April 2015, but research has found that only a tiny percentage of men have used it so far. Women’s expectations from their career have changed dramatically, but cultural attitudes to gender roles – especially around care-giving – persist. The infrastructure for flexible working exists, but until it is used by everyone the stigma will remain.“Success” in gender equality often focuses at the top – the board or executive committee. There are clearly some superb female business leaders who balance demanding, successful careers with a fulfilling family life, but they could be as daunting as they are helpful. For many younger professionals, near-peer role models, demonstrating what a successful career looks like two or five years down the line, may prove more helpful, and organisations should work to make these women (and men balancing career and family) visible.Our Prime Minister has said she wants “a Britain that works for everyone”. Her predecessor pledged to end the gender pay gap in a generation. It is great that we are making some progress, especially in the City, but unless we address these real issues it will take a lot longer than that. The Resolution Foundation’s report yesterday on the gender pay gap shows progress for young women graduates, but makes for depressing reading for women approaching their 30s. The pay gap for women in their 30s and 40s has hardly changed in a generation.The report concludes that having children has a “sharp and long-lasting” effect on salary in the long run. Industries such as financial services that are looking to attract and retain women must realise the damage this could do. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndo whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com A report on women in financial services last summer by management consultants Oliver Wyman bore similar conclusions – it showed that significant investment and initiatives to recruit women into the sector don’t yet translate into greater gender balance later on. Crucially, we see aspirations falling about five years into a career.This shouldn’t be surprising – that is when career and life choices become acute for professional women. Expectations increase from employers at the same time as decisions about family life become starker.Read more: Rejoice: Christmas is about to get much less manic for City parentsHowever, change is possible. Organisations could be more open and transparent about the realities of balancing career and family. Women are still primary carers both for children and older relatives. It can be hard to have an open conversation about job aspirations when work and home are still seen as a binary choice. If employers are serious about wanting to retain women, helping them plan earlier for the longer term, and identifying – without judgement – where flexibility is needed, is important.Childcare remains a tremendous hurdle. No parent will be entirely happy with returning to work if they’re worrying about their children, but this doesn’t just mean having somewhere to safely “park” them. If parents are reassured children are being properly looked after in a stimulating environment, some of the guilt factor may be alleviated. whatsapp We won’t close the gender pay gap in the City until we face up to the pressures of having a family Philippa Kelly Thursday 5 January 2017 4:15 am Share read more

Light at the end of the tunnel: Southern rail owner and RMT to meet for fresh talks next week after Aslef deal

Share Friday 3 February 2017 4:10 pm The Rail, Maritime and Transport (RMT) union has agreed to meet with Southern rail’s parent company for fresh face-to-face talks, in an effort to settle its long-running dispute over the role of the guard.It comes after an agreement was reached between Govia Thameslink Railway (GTR) and train drivers’ union Aslef in their row, which should bring an end to the union’s industrial action – subject to a referendum of Aslef members. Aslef had suspended strikes planned for January in return for the talks at the Trades Union Congress (TUC).Read more: We have a deal: Southern rail resolves long-running dispute with AslefNow, Southern wants to bring an end to all walkouts, by inviting the RMT for talks next week.GTR chief executive Charles Horton has written to Mick Cash, the RMT’s general secretary, saying his negotiating team was willing to meet next week “in a spirit of open and positive dialogue to explore the areas of difference between us with a view to resolving the dispute in the interests of our customers and employees”.Yesterday, the RMT initially said it would need to see details of Aslef’s deal with Southern before committing to negotiations. Light at the end of the tunnel: Southern rail owner and RMT to meet for fresh talks next week after Aslef deal Read more: People are leaving floral tributes to Southern rail at train stationsHowever, Cash later said: RMT understands that central to the agreement with Aslef is a guarantee of a second person ‎on the train. We also understand that the implementation of that aspect of the agreement is subject to further discussions and negotiations with RMT around the safety competencies of that second member of staff.”It is now essential that we open up urgent ‎discussions with GTR around this core issue of the second safety-critical staff member, and the details of their future role, that will allow us all to move forwards. RMT is available for those talks with immediate effect.  Rebecca Smith Aslef has said its members needed to see details of the deal, before they can be revealed publicly. Southern and Aslef announce agreement reached: whatsapp whatsapp read more

Arrivederci: Barclays ditches more of its Italian non-core assets

The portfolio, which has a book value of roughly €177m (£152.7m) of gross receivables, will reduce non-core risk weighted assets by around £78m.The sale is expected to complete in the second quarter of 2017.Read more: Barclays is preparing to move its EU headquarters to Dublin”Barclays Non-Core looks remarkably different today than it did a year ago – in that time we have completed the sale of a number of businesses, including our Portuguese and Italian retail banks, our southern European cards business, our Asian Wealth business and our index and risk analytics business, as well as reducing and simplifying our legacy derivatives and loans books,” commented Harry Harrison, head of Barclays Non-Core. “We look to continue this success in 2017.”Although the bank will keep its feet in Italy through its corporate and investment banking business, Barclays completed the sale of its Italian retail network to CheBanca! last August. While the bank’s Italain residual mortgage portfolio and other non-core retail and wealth loans are still part of Barclays Non-Core, it intends to run them down or exit them in due course. More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKansas coach fired for using N-word toward Black playerthegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Share Barclays today announced it has agreed to sell of more of its non-core assets in Italy.The banking giant revealed it would be selling a portfolio of non-core performing and non-performing small business and corporate loans to AnaCap Financial Partners, but did not disclose a sale price. Hayley Kirton Read more: Small business owner with an hour to spare? Here’s something you can doThe bank’s non-core division continues to weigh heavy on its results. In Barclays’ financial figures for the first nine months of 2016, profits before tax in the core business rose four per cent to £4.9bn, while losses in non-core plummeted 33 per cent to just shy of £2bn.Shares in Barclays are trading up trading up 0.1 per cent at 227.55p at time of writing. Arrivederci: Barclays ditches more of its Italian non-core assets Tuesday 7 February 2017 12:24 pm whatsapp whatsapp read more

The MP trying to unseat House of Commons speaker John Bercow claims he has support from government ministers

And today, Duddridge told BBC Radio 4: “Ministers have been on the phone to me over the weekend, as well as backbenchers and people of all political parties, saying they will vote with me in the lobbies against speaker Bercow.“Enough is enough, we need a new impartial speaker.”Read More: Is speaker John Bercow an embarrassment to the House of Commons?Duddridge is currently the only signatory to the motion, tabled just before parliament went into recess. Although it remains open to signatures during the break, the list of signatures will not be updated until business resumes next week.Since the motion was tabled, it has also emerged that the speaker voted for Remain in the EU referendum, and bemoaned Labour’s failure to make a stronger case against Brexit ahead of last summer’s vote, with Duddridge arguing it showed a failure to maintain the required impartiality. Mark Sands Commons leader David Lidington yesterday said Bercow’s Brexit remarks would elicit “a strong reaction” from some MPs, but Lidington steered clear of criticising the speaker. Former culture secretary John Whittingdale yesterday warned that Bercow’s “scoresheet is mounting up”.Read More: Commons speaker John Bercow defends controversial Trump interventionDowning Street sources have made it clear the government will not intervene to protect Bercow, with ministers likely to be offered a free vote on any motion.A spokesman for the Prime Minister said today: “The position of the speaker is a matter for Parliament and the MPs in parliament.” Share whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comPuffer fish snaps a selfie with lucky divernypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com The MP trying to unseat House of Commons speaker John Bercow claims he has support from government ministers The Tory MP behind a motion of no confidence in John Bercow claims he has secured cross party support for his bid to unseat the House of Commons speaker, with government ministers also on board.Southend MP James Duddridge put forward an Early Day Motion late last week following Bercow’s intervention over Donald Trump. Monday 13 February 2017 3:57 pm whatsapp read more

Protecting data must be board-level priority

whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comColin Kaepernick to publish book on abolishing the policethegrio.com Share The Queen has officially opened the National Cyber Security Centre, a government nerve centre that aims to protect the economy, state institutions and critical infrastructure from the growing threat of cyber attacks.Private businesses are also vulnerable. With so much of the City’s business conducted through digital networks, the threat from malicious actors is real. And yet, while any government help to protect the business community is welcome, the onus of protecting personal data, and providing greater transparency over how it is used, does not fall on the state’s shoulders. whatsapp The EU’s General Data Protection Regulation (GDPR) will be enacted in less than 16 months. Although it will be implemented during the Article 50 negotiations, those who thought, or perhaps hoped, that Brexit would negate the impending overhaul of data regulation will be disappointed.Survey after survey demonstrates that those who have even heard of GDPR are in the minority, with alarmingly few firms having made plans for the imminent restructure it demands. You only have until May 2018 to assess how your business uses, handles, and processes personally identifiable information, whether belonging to clients, customers or employees.Data governance is at the heart of GDPR, creating significant operational, technical, and organisational obligations for the private sector. Regular audits, impact assessments and the imposition of compulsory data protection officers for some firms will drag many kicking and screaming into this new era.For those still unconvinced, the penalty for compliance failure is up to four per cent of global group revenue, or €20m – whichever is higher. If that doesn’t drive the gravity of data governance to an executive level, nothing will.Beyond GDPR, and to really hammer home quite how serious data governance should be taken, while giving evidence to the Commons committee for the Digital Economy Bill, information commissioner Elizabeth Denham expressed support for making company directors personally liable for breaches of data protection lawGDPR should not be taken as a threat: its virtues have been extolled by many in the data world for years as best practice. Hindsight is a wonderful thing, but had executives taken data governance seriously in the first place, perhaps we would not be here today. Elliott Haworth Wednesday 15 February 2017 10:02 am Protecting data must be board-level priority by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOMGIFacts10 Things Men Secretly Want From A Woman, But Rarely Are They AskedOMGIFactstibgez10 Signs & Symptoms of Lewy Body DementiatibgezGout Symptoms | Search AdsHow To Get Rid Of Gout Pain FastGout Symptoms | Search AdsNissan Rogue | Search AdsLeftover 2019 Nissan Rogue Prices Might Surprise YouNissan Rogue | Search AdsHealthline: Medical information and health advice15 Evening Habits that are Definitely Bad for Night’s SleepHealthline: Medical information and health adviceweniixTop 5 best grand tourers 2021 – WENIIXweniixPensAndPatron30 Funny Restaurant Signs That Were Definitely Good For BusinessPensAndPatronDaily Sport XRemember Him? Wait Till You See Him Now…Daily Sport XMiaw StoreSome acts from your cat may be a sign for alarm. Get to know it nowMiaw Store read more

Gresham House launches a platform for pension funds that want to make an impact

Tuesday 21 February 2017 4:05 pm More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Mammoth pension funds are to be able to invest into smaller, socially responsible projects through a new platform announced today.The initiative has been created by AIM-quoted investment house Gresham House and has attracted cornerstone interest from Berkshire’s local government pension fund, alongside a 20 per cent shareholding the fund has agreed to take in Gresham House itself. whatsapp Share Gresham House launches a platform for pension funds that want to make an impact Oliver Gill by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likehealthyted.com10 Surprising Benefits of Bananas You Possibly Didn’t Know Abouthealthyted.comWorld LifestyleOprah’s New House Is So Gorgeous. Take A Look InsideWorld LifestyleArticles VallyDoctor Tells Man He’s Infertile, Then Realizes Why His Three Sons Look FamiliarArticles VallyCarammelloIf Your Dog Isn’t On This List, It’s Not A Smart BreedCarammelloDaily-StoryBoy Cries In Bedroom – When His Parents See Why, They Immediately Call The PoliceDaily-StoryLightAndCharm.comIt Might Surprise You Why the Husband Divorced His Wife After Looking at This PhotoLightAndCharm.comweniixTop 5 best super-luxury cars of 2021 – WENIIXweniixEveryday WellnessWhat Happens To Your Body When You Eat Two Bananas A DayEveryday WellnessBuzzDestination5 Tips That Will Help You To Improve Every Type of Intimacy With Your PartnerBuzzDestination Larger pension funds often struggle to make smaller investments into initiatives that may be local to scheme members or deliver a social good.Read more: What you need to know about impact investingIdentifying and managing smaller investments is often uneconomical for funds than are billions of pounds in size. Funds are also constrained investment limits – for example even a comparatively small investment for a pension fund might be the entire share capital of a smaller business.But Gresham House’s first platform of this type, called the British Strategic Investment Fund, will allow pension fund investors the chance to invest in a variety of renewable infrastructure, housing and innovation projects, without needing to enter into lengthy due diligence processes. Instead, funds will rely on Gresham’s House’s fund managers to allocate capital to impact projects.Read more: China makes glorious return to the 10 best performing funds John Lenton, the chairman of the Berkshire pension fund said the unique strategic partnership with the Gresham House will enable the pension fund to gain exposure to “investments in alternative and illiquid assets”.The pension fund’s equity investment into Gresham House will be at 325p per share, a premium to Monday’s closing price of 303p. Shares in the firm, the history of which can be traced back to 1857, rose over four per cent in today’s trading. whatsapp read more

Not what the customer ordered: Chinese hotpot chain suffers crash in stocks after rodent is found in soup

Thursday 13 September 2018 11:51 am whatsapp For many restaurant owners there is nothing worse than a bad food review. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Not what the customer ordered: Chinese hotpot chain suffers crash in stocks after rodent is found in soup Yet one Chinese hotpot outlet is proving that the consequences of a bad dish can be much more severe, after a dead rat in a pregnant customer’s soup has wiped $190m (£145m) off of the chain’s market value.Stock in China’s fast food restaurant chain Xiabu Xiabu has plummeted to its lowest level in nearly a year this week, after photos of a boiled rat being fished out of a broth spread across Chinese social media.The pregnant woman found the vermin in her hotpot after taken a few bites from the dish.Read more: How Tampa went from fast food badland to street food trailblazerAccording to local media, the woman has refused a 5,000 yuan (£550) compensation offer from the firm. A man known as Mr Ma, who has been identified as the pregnant woman’s husband, said that one of the staff suggested his wife should get an abortion if she was worried about the baby’s health.On Tuesday, the company’s share price hit its lowest level since October last year.However, the hotpot restaurant’s market value has been slowly recovering since yesterday. Sebastian McCarthy whatsapp Share Tags: Trading Archive read more

End of the road: Volkswagen will stop making iconic Beetle

first_img whatsapp End of the road: Volkswagen will stop making iconic Beetle Nicholas EarlNicholas Earl is a sports and business contributor. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndo The Beetle remains the best-selling vehicle of all time (Source: Getty)“The loss of the Beetle after three generations, over nearly seven decades, will evoke a host of emotions from the Beetle’s many devoted fans,” said Hinrich Woebcken, president and chief executive officer of Volkswagen Group of America.The car is seen as one of the most influential designs of the 20th century. Volkswagen has announced it is to stop making its iconic Beetle car next year, ending nearly seven decades of production.The American branch of the international car manufacturer has said that the Mexican manufacturing plant that makes the iconic vehicle will cease production of the Beetle in 2019. It was first commissioned by Adolf Hitler in 1933 but became a mainstay of the 1960s consumer market and post-war hippie culture.It also featured as a talking car called Herbie the Love Bug in a series of Disney films made across four decades. The car suffered a decline in popularity in later years as its utilitarian design drifted out of fashion before it enjoyed a highly successful revamp in the 1990s.Read more: Trial begins into €9bn investor lawsuit against VolkswagenVolkswagen has also suffered a series of setbacks from the so-called Dieselgate scandal, paying a $4.3bn (£3.28bn) penalty after pleading guilty in the US for its role in deceiving regulators over the emissions levels of their vehicles.Investors are now pursuing an £8.2bn court case against Volkswagen, which they accuse of misleading the market over the levels of diesel emissions from its cars. This move is part of a strategy to focus the brand on a narrower ranger of cars and to embrace future opportunities in electrification. Friday 14 September 2018 12:02 pm Two special editions of the car will be released next year to honour its legacy. The Beetle remains the best-selling car of all time, but numbers have flagged in recent years as people have shifted to more spacious family vehicles.Read more: The new Beetle is vastly improved whatsapp Share More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comlast_img read more

Get ready for the robot revolution – and fast

first_imgMonday 17 September 2018 11:31 pm Get ready for the robot revolution – and fast Share Tags: Trading Archive The rise of the robots has generated a fierce debate – one in which the doomsayers shout the loudest. whatsapp The main issue is that those displaced from their old jobs may not have the skills – or even live in the right place – to take advantage of new opportunities. That’s why the WEF also urged governments to prepare to reskill workers, and to put safety nets in place for those who fall through the cracks.That’s a challenge that governments need to start confronting soon if they want to be ready for the next technological revolution. Because while the WEF may think that the rise of the robots will be essentially positive, the British public remains unconvinced.New research from New Scientist Live out today reveals that, while 30 per cent of people think artificial intelligence will fuel economic growth, 53 per cent fear it will become smarter than humans, and 37 per cent worry that it will increase inequality.Recent history has revealed the risk of backlash when change is too fast and governments fail to take note – ignoring concerns about the future paves the way for populist leaders promising to turn back the clock on progress.This conversation is now well underway, and politicians should focus on the immense gains that are to be had – as well as planning for the disruption that’s coming our way.Read more: Elon Musk teases AI project to create ‘superhuman cognition’ whatsapp Rachel Cunliffe However, according to the World Economic Forum (WEF), the future is bright: for every job that machines are due to displace worldwide by 2022, they will create almost two more – a net positive of 58m.They will also “vastly improve” the productivity of existing jobs, leaving people with the more meaningful and human tasks.Read more: Robots will create more jobs than they takeThat’s the good news. The downside is that it will come with significant disruption – not just in traditional industries like manufacturing, but for a sizeable proportion of the service economy.Increasing productivity is important, but it cannot be the only metric of success. Remember, if it takes two workers one day to produce a product, and one of them is replaced with a machine, the productivity of that process will double, but employment will halve, and output will remain the same. The key to fuelling economic growth is to find ways for technology to enhance rather than replace the work of a human.last_img read more

Bumper rise in US takeovers of UK businesses as EU interest wanes

first_imgAcross the same time period, takeovers of UK businesses by EU companies fell by 5%, from £14.1bn to £13.3bn, with analysis suggesting more negative perceptions of Brexit on the continent had led EU business to be “more cautious” about investment in the UK.Read more: Marsh & McLennan buys insurer Jardine Lloyd Thompson for £4.3bnDamian Ryan, a partner at Moore Stephens, says: “Britain’s businesses continue to be some of the most attractive investment opportunities across the globe. It is a market too big to ignore.“Whilst Brexit has created uncertainty, the underlying strength of UK businesses means that they continue to be great investment opportunities for overseas investors. US investors are the ones taking advantage of this right now.” whatsapp Bumper rise in US takeovers of UK businesses as EU interest wanes Tags: Brexit The value of M&A deals in which US companies took over UK business has more than doubled in the past year, as takeovers by EU-based companies slipped. In total, the value of US takeovers in the year to the end of June this year skyrocketed from £36.8bn in 2016/17 to £79bn the past year, analysis by accountancy firm Moore Stephens found.The 115 per cent rise was driven by a series of major deals, including tech giant Apple’s takeover of music-identification app Shazam for £299m, and the sale of investment software company Fidessa to enterprise software company Temenos Group for £1.3bn.Read more: Why Coca-Cola’s acquisition of Costa makes sense for consumersMoore Stephens suggested US businesses had “shrugged off” concerns of Britain’s exit from the European Union, with purchases partly driven by the devaluation of sterling since 2014, which has made some British companies comparatively cheaper than foreign rivals.Recent moves have indicated the US takeover trend may well continue, with Coca-Cola’s planned purchase of cafe chain Costa Coffee for £3.9bn and insurance broker Marsh & McLennan’s £4.3bn deal to control UK insurance company Jardine Lloyd Thompson both pointed to as examples of sustained US interest by Moore Stephens. whatsapp Louis Ashworth Monday 24 September 2018 12:29 am Sharelast_img read more