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Economy

Until now, the scheme has been funded through the plastic bag levy which was introduced in 2015 and required retailers with more than 250 employees will have to charge 5p for all single-use carrier bags to encourage people to reuse bags and reduce the amount of waste generated by discarded carrier bags.
  • Rockwell Collins, Inc. (COL) Saw a New 52-Week High

    Rockwell Collins, Inc. (COL) Saw a New 52-Week High

    Economy

    Rockwell Collins has been working with an investment bank to review United Technologies' offer, and there is no certainty that it will decide to engage in any further negotiations with United Technologies, the source said. This buyback authorization allows the aerospace company to purchase up to 1.2% of its stock through open market purchases. The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th.
  • Report from Waterloo as major work begins

    Report from Waterloo as major work begins

    Economy

    The £800million Waterloo and South West Upgrade is created to bring faster and more frequent services with a new fleet of 30 trains, providing 150 extra carriages between London and Windsor. However it appears many commuters have avoided the service altogether - many stations and trains have been reported as "eerily quiet". Network Rail chief executive Mark Carne has previously admitted he is "worried there will be challenging days" and accepted that "there are going to be days when the ...
  • UK House Price Inflation Eases In July: Halifax

    UK House Price Inflation Eases In July: Halifax

    Economy

    The Office for National Statistics's official house price index showed growth of 4.7 per cent in the year to May, down from 5.3 per cent in the year to April and 8.2 per cent in June 2016. House prices could well be essentially flat over 2018. Annual house price growth has declined from a peak of 10% in March 2016. The slowdown has contributed to a fall in consumer confidence.
  • Firefighters in Sicily started fires to put them out, police claim

    Firefighters in Sicily started fires to put them out, police claim

    Economy

    Fifteen volunteer firefighters have been charged with starting blazes in Sicily so that they could claim a €10 an hour call-out fee. Sicilian police investigated 15 people near the south-eastern town of Ragusa who they suspected of conspiring to set or report non-existent fires to make sure they received the 10 euro (S$16) hourly rate paid to them if they went out to deal with the emergencies.
  • Softbank chief signals interest in Uber and Lyft

    Softbank chief signals interest in Uber and Lyft

    Economy

    Son for years had said that his business was undervalued, and has urged investors to look at SoftBank as a goose that has golden eggs left. Recent investments include United States online lender Kabbage Inc, which on Thursday said it had received a $250 million from SoftBank.
  • Cuomo Pans De Blasio's Tax The Rich Plan For Decaying Subway System

    Cuomo Pans De Blasio's Tax The Rich Plan For Decaying Subway System

    Economy

    Around 32,000 New Yorkers who file taxes in the city, or less than one percent of the population would be affected, officials said. Since the tax would require approval from the New York State Legislature, de Blasio would likely need Cuomo's help to gain approval from the Republican-controlled Senate.
  • Indian shares drift lower as software exporters drag

    Indian shares drift lower as software exporters drag

    Economy

    The benchmark BSE Sensex continued its rising trend by gaining over 61 points to 32,386.52 in early tradeon sustained foreign fund inflows amid positive global cues. The Indian rupee weakened against the United States dollar, tracking mixed Asian currencies market. Meanwhile, Tata Steel was the top gainer in Nifty , up 4.2 per cent.