This week in Auto: Vehicle scrapping policy in final leg; Should the government not interfere in technology development?

This week in Auto: Vehicle scrapping policy in final leg; Should the government not interfere in technology development?

Gestation periods in new technologies are a long drawn affair which require companies to set up dedicated verticals to achieve their goals. Automotive companies usually follow a roadmap laid down by the government to achieve emission and fuel economy targets. In India, however, there are as many as six authorities including the Ministry of Road Transport […]

Continue Reading
Thomas Cook: Hundreds of passengers stranded amid fears company is about to collapse

Thomas Cook: Hundreds of passengers stranded amid fears company is about to collapse

Hundreds of Thomas Cook passengers were stranded overnight at airports in the eastern Mediterranean – but not because of the company’s dire financial problems. Britain’s oldest package holiday company is in last-ditch talks to try to secure a refinancing deal with its creditors and other partners. When a flight from Antalya in Turkey to Glasgow […]

Continue Reading
Electricity and gas bills: now is the time to switch energy supplier | Money

Electricity and gas bills: now is the time to switch energy supplier | Money

The experts are in agreement: now is the moment to grab a new fixed-price gas and electricity tariff in time for the big central heating switch-on, in order to protect yourself against the chunky price hikes that appear to be heading our way. Uncertainty in the Middle East, concerns over French nuclear supplies, gas restrictions […]

Continue Reading
Most dangerous countries in the world: Would you dare visit any of these

Most dangerous countries in the world: Would you dare visit any of these

The Institute for Economics and Peace, a think tank based in Australia, released its annual Global Peace Index report in July 2019. The report measures how safe or dangerous a nation is, based on various indicators including political terror, internal strife and murder rate. The GPI covers 99.7 percent of the world’s population, according to […]

Continue Reading
British American Tobacco issued with £900m Dutch tax bill | Business

British American Tobacco issued with £900m Dutch tax bill | Business

British American Tobacco is being pursued by the Dutch authorities for £902m in unpaid taxes, as the maker of Rothmans, Camel and Lucky Strike cigarettes stands accused of avoiding tax on money channelled through the Netherlands. The claim relates to taxes the company is said to owe between 2003 and 2016 and concerns internal fees […]

Continue Reading
Tax cuts: SBI pegs India Inc's saving at Rs 50K cr; prices falling 2-5%

Tax cuts: SBI pegs India Inc’s saving at Rs 50K cr; prices falling 2-5%

The government unexpected move to massively slash corporate taxes by over 10 percentage points will result in savings of over Rs 50,000 crore to India Inc, according to an analysis by economists at State Bank. The benefit coming in from the Rs 1.45 lakh crore tax giveaways will also help companies to cut prices by […]

Continue Reading
Offshore wind energy price plunges 30 per cent to a new record low

Offshore wind energy price plunges 30 per cent to a new record low

A new wave of offshore wind farms around the UK will generate power more cheaply than burning coal and for the first time will not require any subsidy. The cost of power from offshore wind has plummeted 30 per cent in two years with a raft of 12 new energy projects coming in at a record low price of […]

Continue Reading
Thomas Cook: plans made for biggest UK peacetime repatriation | Business

Thomas Cook: plans made for biggest UK peacetime repatriation | Business

The government and the aviation watchdog are drawing up plans for the biggest UK peacetime repatriation if Thomas Cook collapses, with 150,000 British customers currently on holidays overseas with the travel company. Thomas Cook is holding last-minute talks to stave off a bankruptcy that could happen as soon as this weekend unless it secures £200m […]

Continue Reading
Most UK firms ‘not ready’ for post-Brexit drop in EU workers from 2021

Most UK firms ‘not ready’ for post-Brexit drop in EU workers from 2021

British firms are “not ready” for the introduction of new restrictions on EU immigration planned for January 2021, new research has revealed. The report by CIPD, the professional body for HR specialists, says few organisations are equipped to deal with a reduced inflow of EU workers after Brexit, as a result of little awareness of […]

Continue Reading