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Nissan faces $220m hit from Japanese recallBack

BBC.co.uk

 

Nissan faces $220m hit from Japanese recall 

Nissan will recall 1.2 million vehicles in Japan after regulators said safety checks did not meet domestic requirements. Nissan shares fell by 5% on Monday after the firm said the recall could cost about 25bn yen (£167m; $220m). The vehicles were produced in the past three years for the domestic market and will now undergo re-inspection. The firm has begun an investigation into why its safety inspections did not meet government standards.

 

Most companies yet to report their gender pay gap

Six months after the government ordered large firms to reveal their gender pay gaps, the majority have yet to publish their figures. Charities, private and public sector employers with 250 or more employees must publish their figures by April 2018, in a bid to tackle workplace discrimination. Only 85 of 9,000 companies required to publish their pay data have done so. There are concerns firms are delaying publishing to avoid negative publicity.

 

Cyber-security: More than 1,000 attacks reported in centre’s first year 

More than 1,000 incidents were reported to the National Cyber Security Centre in its first year of operation.

The centre – part of the intelligence agency GCHQ – says more than half the incidents posed a significant threat.

None of the incidents was category one level involving interference with the democratic system or crippling critical infrastructure such as power. But NCSC head Ciaran Martin warned there could be more significant and damaging attacks in the near future. The first year of the centre’s work has been marked by a significant escalation in threats.

 

Brexit: Barnier warns of insufficient progress in talks 

There has not been “sufficient progress” in Brexit talks yet to open trade discussions, EU negotiator Michel Barnier has suggested. He told the European Parliament Theresa May’s Florence speech “gave us some openings which are starting to be reflected in the negotiations”. MEPs are debating a motion urging any decision on the next phase of talks be delayed pending a “big breakthrough”. The UK insists there is a new dynamic and “real momentum” behind the process.

 

Uber boss to hold talks with TfL on London licence 

Uber’s new chief executive will meet London’s transport commissioner later to discuss the firm losing its licence.

Dara Khosrowshahi is meeting Mike Brown, who runs Transport for London, which has criticised the firm’s record over reporting criminal offences and carrying out driver background checks. Uber has apologised for “mistakes” and said it could make concessions. Uber’s licence expired on Saturday but its drivers can continue to operate in the capital while it pursues an appeal.

 

Monarch chief Andrew Swaffield ‘devastated’ at closure

Monarch chief executive Andrew Swaffield has said he is “absolutely devastated” at the airline’s collapse.

Mr Swaffield said the decision not to continue trading was made on Saturday night after estimating that losses for 2018 would be “well over £100m”. He told the BBC’s Today programme that Monday was a “heartbreaking day”.

Meanwhile, the first stage of the Civil Aviation Authority (CAA) rescue scheme led to nearly 12,000 people being brought back to the UK on Monday. A similar number of people are due to return to the UK on Tuesday.

 

 

The Financial Times

 

UK manufacturing conditions weaker than expected 

Conditions in the UK’s manufacturing sector worsened in September, according to a closely-watched business survey, which pointed to a further growth slowdown, in contrast to hopes of a boost from the weak pound. The purchasing managers’ index slipped from 56.9 to 55.9, worse than consensus economist forecasts of 56.4. Survey respondents reported slower growth across the consumer, intermediate and investment goods sub-sectors. The number was still comfortably above the 50 level that indicates expansion over a month, and IHS Markit, which compiles the survey, said the sector still appears to be expanding “at a solid clip, with production and new orders both rising at above long-run average rates”. Surveys have consistently shown businesses are optimistic about benefiting from the weakness of sterling, but official data have yet to show much hard evidence of this, with manufacturing output contracting in the second quarter and the trade balance showing little improvement since last year’s Brexit vote.

 

 

The Times

 

How to run an electric car without any charge 

Electric vehicle owners may be able to charge their cars free if they agree to let an energy company sell power from their battery back to the grid at peak times. Nissan, which makes the Leaf, the world’s best-selling electric car, said that it was teaming up with Ovo Energy, a UK gas and electricity supplier, as part of a “new vision to give Nissan customers free power” for their vehicles. The companies plan to sell households “bi-directional” chargers, which allow the car battery not only to charge as normal but also to discharge electricity back into the house or onto the grid.

 

Automatic 999 alert calls help to your side in car crash

All new cars sold in Britain will automatically call the emergency services if they are involved in a crash, under European Union rules designed to improve response times. Vehicles will be fitted with “eCall” technology as standard from April. The system will transmit the location and the make of car when it detects that a collision has happened. A similar system already used by many carmakers channels alerts through private call centres — often on the Continent — to the British emergency services. However, within six months the technology will be required in all new cars, with messages sent directly to 999 call handlers in the UK.

 

 

Posted by Paul Carpenter on 03/10/2017