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The Financial Times
Six companies include Shell and BP
US oil majors shun push for global mechanism
Six of Europe’s biggest oil and gas companies have banded together to ask the UN to let them help devise a plan to stop global warming.
The manufacturing sector is losing momentum, an industry body has warned, in a sign that problems in North Sea oil and gas are taking a wider toll and threatening the government’s plans to rebalance the economy.
After an upbeat start to the year, manufacturing output and orders have slowed in the second quarter, with declining activity in the oil and gas sector- prompted by a sharp fall in crude prices- having a knock-on effect for suppliers.
Companies and Markets
US carmaker uses 1,000 people to monitor social media threads
Company looks to avoid mass vehicle recalls
General Motors is using tiny recalls to head off vehicle defects before they turn into the kinds of protracted safety campaigns that have battered the industry’s reputation and taken a toll on profits.
The US manufacturer, still reeling from an ignition switch recall last year, has been scouring social media and blogs to spot potential problems with its cars, helping it catch issues when they affect fewer than 10 drivers.
Growth, investment and recruitment at Britain’s manufacturers have suffered a setback this year as the services sector continues to power ahead, raising fresh doubts about the country’s long-awaited economic rebalancing.
Hundreds of thousands of small businesses are facing the threat of fines for failing to comply with new legislation requiring them to provide staff with a pension.
From today, companies with fewer than 30 employees will start to be phased into the government’s auto-enrolment scheme to ensure that people are saving for their retirement.
The number of electric car charging points is set to grow twelvefold by 2020, with most of them being in people’s homes. According to HIS, a consultancy, there will be 12.7million charging points globally.
Plans to build a “northern powerhouse” to rival London have been boosted by research showing that the region’s mid-market businesses are among the fastest-growing in the country.
The Daily Telegraph
Air pollution from diesel engines which blights many inner cities significantly increases the risk of deadly strokes, according to research.
Rising sales for 38 months have boosted the Tory’s credibility
The motor industry has come to the Chancellor’s aid after an inquest on Britain’s productivity record threatened to backfire.
The Daily Mail
There are now more job vacancies than jobseekers in most UK cities, a report says.
The Daily Express
Today marks the 80th anniversary of the introduction of the dreaded driving test.