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The Financial Times
Tough stance is attempt to break with low wages and poor productivity
(Mr Cameron has set out policies to make “business raise its game” and “senior Labour figures are gritting their teeth” as he goes beyond what even Ed Miliband proposed)
BoE chief signals inflation fall will not stop increase in cost of borrowing but change will be gradual
Companies and Markets
For years it has been a byword for motoring practicality. Now Volvo wants to be known for another “p”— performance, as it acquires partner Polestar.
Germany’s ban on some Uber services faces a probe by the European Commission, as the US ride-hailing company calls on Brussels to help in its fight with regulators on the internet.
Banks strike a hard bargain for digital transaction, which are expected to drive iPhone sales
British bankers said they had struck a harder bargain with Apple than their US rivals, giving the technology for the UK Apple Pay service than it receives in its home market.
A Tokyo-listed industrial group ha swooped on Mira, the automotive company that is steeped in British motoring history and a pivotal player in driverless cars.
Kyoto-based Horiba yesterday announced that it had acquired the former Motor Industry Research Association for an undisclosed sum.
Dragon Oil, the Dubai-based oil group, has managed to resist the tough conditions in international markets that have forced many other groups to slash capital expenditure this year.
Global output increases as nuclear deal reintroduces formidable partner
The west’s nuclear deal with Iran is set to intensify a battle for customers between the big oil producers, with Saudi Arabia raising output to record levels ahead of the full return to the market of its regional rival.
David Cameron has dismissed calls for the abolition of the 45p rate of income tax for the highest earners, saying that his government has more important priorities.
Strikes must take place within four months of a ballot under tougher than expected new curbs on union power.
Households can look forward to a few more months of rising disposable income after figures showed that “noflation” returned last month.
Pothole-proof roads are being laid as part of a plan to prevent cars being damaged.
More than 800 roads in Surrey are being given a coating that promises to be free of cracks for a decade, it was revealed yesterday. Under the plan, engineers will rebuild roads from scratch and then apply a special asphalt called Superflex, which is more water-resistant and flexible than regular surfaces.
The head of one of Britain’s biggest retail chains hit out yesterday at a proposed £2billion apprenticeship levy, accusing the government of feeding an army of consultants by creating red tape in subsidies for on-the-job training.
Britain should reject the decision of France and Germany to ban Uber and welcome the benefits that the company brings consumers, the business secretary said yesterday.
An overwhelming majority of business leaders backed George Osborne’s increase to the minimum wage in a straw poll at yesterday’s summit, though a handful criticised the government for dictating to companies on pay.
The Daily Mail
When driving at rush hour you need to keep your eyes on the road.
(Driver born before the First World War has never taken a driving test)
British holidaymakers wanting to hire a car abroad will now have three weeks to share their digital driving license details with rental companies.
Holidaymakers may no longer be subject to complicated terms and conditions when they hire a car abroad.
Five major car rental companies have agreed to review their practices and make their systems more transparent and fairer for their customers.
100-Year-Old Drivers Ride Again