UPS Chairman and CEO David Abney said Tuesday the U.S. must fix its roads and bridges because a simple delay adds up to millions of lost dollars. “We have about 100,000 drivers, and if we have a five-minute congestion delay on each of those drivers every day, that’s $105 million a year,” Abney said on […]
Read moreHerbie Mays is 3M proud, and it shows – in the 3M shirt he wears; in the 3M ring he earned after three decades at the company’s plant in suburban Cincinnati; in the way he shows off a card from a 3M supervisor, praising Mays as “a GREAT employee.” But it’s all nostalgia. Mays’ last […]
Read moreU.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles as well as discretionary spending, suggesting the economy continued to gain momentum early in the third quarter. The Commerce Department said on Tuesday that retail sales jumped 0.6 percent last month. That was the largest gain […]
Read moreThe Royal Bank of Scotland plans to cut 880 jobs from its IT department in London by 2020, according to a U.K. labor union. Britain’s Unite union claimed on Tuesday that the bank had informed staff of a further 40 percent cut of permanent IT staff, as well as a 65 percent reduction of contractors. […]
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Last chance to submit a message for NASA to beam 13 billion miles into space
NASA has been asking for suggestions from the public to beam up to the most distant man-made object in the universe, with Tuesday marking the final day for people to send in their requests. The U.S. space agency has been collecting submissions via Twitter, Facebook and other social media platforms for a 60 character message […]
Read moreStruggling German airline Air Berlin filed for insolvency on Tuesday after years of losses caught up with it and shareholder Etihad withdrew funding, with rival Lufthansa saying it was in talks to take over parts of its business. Air Berlin, whose debt piled up after a series of takeovers, has seen speculation over its finances […]
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London's financial district is ‘hemorrhaging talent’ because of Brexit, warns UK job recruiter
The City of London, home to the U.K.’s largest trading and financial services, is suffering from a loss of professional talent due to Brexit, warns a U.K. job recruitment agency. “The City is still haemorrhaging talent because of Brexit, and we risk losing jobs, too,” said Hakan Enver, operations director at recruitment consultancy Morgan McKinley […]
Read moreBritish consumer price inflation unexpectedly held steady last month as fuel prices fell amid other signs that the squeeze on households’ spending power may slowly be starting to level off. Official figures on Tuesday showed the pace at which manufacturers’ raw material costs are rising slowed by the most in over five years as the […]
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Britain's Brexit minister says UK should not have to pay for temporary customs deal with EU
The U.K. should not have to pay to have a customs union during an interim period after leaving the European Union (EU), Brexit Secretary David Davis said on Tuesday. Britain has proposed a temporary customs union with the EU for at least three years after Brexit in order to allow the “freest and most frictionless […]
Read moreThe German economy grew by less than expected in the second quarter as net trade dampened an overall expansion which was driven by strong household spending and rising state expenditure, the Federal Statistics Office said on Tuesday. Seasonally and calendar adjusted gross domestic product (GDP) in Europe’s biggest economy rose by 0.6 percent on the […]
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