Author: Zein

Switzerland firmly rejects end of free movement with EU – projection

image copyrightEPA image captionOpponents of the plan say it will damage relations with the EU Swiss voters have rejected in a referendum a proposal to end an accord with the EU on the free movement of people, TV projections suggest. Broadcaster SRF said voters were set to reject the plan by 63% to 37%. Ballots are still being counted, and… Read more →

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Negative interest rates: Bank of England policymaker defends plan

Image copyright Getty Images A Bank of England (BoE) policymaker has defended the potential use of negative interest rates, which could take the cost of borrowing below zero. Silvana Tenreyro told the Sunday Telegraph that evidence from other countries was “encouraging”. On Tuesday, the BoE governor played down the prospect of taking rates below zero, insisting it just needed to… Read more →

Brexit trade talks: Deal can and must be made, says CBI boss

Image copyright Getty Images Image caption Dame Carolyn will step down as CBI boss in November A post-Brexit trade deal “can and must be made”, the organisation representing British businesses has said ahead of further UK-EU trade talks on Monday. Dame Carolyn Fairbairn, the boss of the Confederation of British Industry, said it was the time for “the spirit of… Read more →

Switzerland gets ready to vote on ending free movement with EU

By Imogen FoulkesBBC News, Geneva Related Topics Brexit image copyrightReuters image captionThe push to scrap the freedom of movement deal comes from the right-wing Swiss People’s Party Swiss voters will decide on Sunday whether to abandon their free movement of people agreement with the EU. Supporters say the move will allow Switzerland to control its borders and select only the… Read more →

Coronavirus: Can London’s suburbs lead the capital’s economic recovery?

By Sam FrancisBBC News, London image copyrightGetty Images/BBC image captionDuring lockdown shoppers have traded central London for suburban high streets The UK economy has suffered its biggest slump on record and remains in recession. Central London’s world-famous shopping district sits largely empty with no prospect of returning to normal soon. But can green shoots of a recovery be seen on… Read more →

William Hill: Takeover battle looms for UK bookmaker

Image copyright Getty Images A bid battle is looming for UK betting giant William Hill after it received two rival takeover approaches. The company confirmed it had received proposals from US-based private equity firm Apollo and casino giant Caesars Entertainment. It said talks were “ongoing” with both suitors and there “can be no certainty” that any formal offer will be… Read more →

Covid: Uncertainty as industries miss out on job support

Image copyright Getty Images Industries hit hard by the coronavirus pandemic are facing further uncertainty after missing out on help in the chancellor’s new emergency jobs scheme. Hospitality, events and retail workers and businesses have expressed concern, as have those on zero-hours contracts. Rishi Sunak said employees must be in “viable” jobs to benefit from the wage top-up scheme. This… Read more →