Markets
British Steel 'needs £100 million Government loan' after Brexit deal failed
British Steel, which employs 5, ooo people, is understood to be unable to pay for carbon credits, having already used last year's permits to pay for working capital requirements. The firm, which employs around 5000 people in the United Kingdom, is understood to be unable to pay for the current round of carbon credits, having already used last year's permits to pay for working capital requirements. [Full Article...]
Diageo to remove plastic from beer packaging
Plastic ring carriers and shrink wrap will be also removed from packs of Harp, Rockshore and Smithwick's beers, as part of Diageo's £16m initiative. Diageo has pledged to purchase all of the pulp used to make the cardboard packaging, which is classed as widely recyclable and fully biodegradable, from sustainable sources. [Full Article...]
All-New 2020 Nissan Sunny - Everything You Need To Know
The new Sunny is based on the CMF-B platform of Renault-Nissan and it shares lots of design cues with the fifth generation of Nissan Micra. In terms of styling elements, the new Versa is heavily inspired by the latest Altima sedan, with both vehicles featuring similar sharply creased lights, the company's V-motion grille, and partially blacked out C-pillars for a floating roof look. [Full Article...]
United Kingdom plans bar on Facebook likes for kids
The code, which begins its consultation process on Monday and is hailed as an global benchmark, suggests 16 standards that online services must meet. The list also states that companies should not use nudge techniques to encourage children to hand over unnecessary personal data, weaken or turn off their privacy protections, or extend their use. [Full Article...]
Former VW boss charged over diesel emissions scandal
Prosecutors in Braunschweig said Monday that Winterkorn knew about the deceptive software since at least May 25, 2014, despite his public statements he only became aware of the issue shortly before the scandal broke in September 2015. emissions tests. USA prosecutors have already filed criminal charges against Winterkorn, accusing him of conspiring to cover up the automaker's diesel-emissions ... [Full Article...]
Amazon working on free music streaming service
Spotify is now the only music streaming platform that markets a free-tier of service (other than internet radio services like Pandora or iHeartRadio). Spotify is now the only music streaming service that offers a free, ad-supported option, and this version has more users (116 million) than its paid alternative (96 million). [Full Article...]
Alibaba founder defends overtime work culture as 'huge blessing'
Mr Richard Liu , chief executive of Alibaba arch-foe JD.com, said in a recent post on his WeChat Moments that, while he would never force staff to work a 996 schedule, people who slacked off were not considered his "brothers". "If you want to join Alibaba, you need to be prepared to work 12 hours a day, otherwise why even bother joining". Perhaps unsurprisingly, Ma's comments were met with a ... [Full Article...]
India's 2018/19 Iran oil imports up 5% despite US sanctions
Between April and October 2018, India's refiners were buying more than usual Iranian oil because none of Iran's oil customers were certain that it would get a US sanctions waiver to continue purchases from Iran after the sanctions were re-imposed in early November 2018. [Full Article...]