BAT to axe 20% of senior roles in shake-up

  British American Tobacco is to axe 2,300 jobs, including a fifth of senior roles, as the cigarette maker restructures its business amid waves of industry change. The maker of Lucky Strike and Camel cigarettes on Thursday described the decision as a...
  • September 12, 2019
  • 19 Views

China stimulus feared ‘too little, too late’

  A year ago, the rallying cry among Chinese policymakers was deleveraging the economy — but now the country’s senior leadership is moving quickly to revive bank lending in a fight against flagging economic growth. The change in tactics, underlined b...
  • September 12, 2019
  • 18 Views

Babcock group wins contract to build Royal Navy frigates

  A consortium led by defence group Babcock International has won the competition to build new frigates for the Royal Navy, securing hundreds of jobs at British shipyards, including in Northern Ireland and Scotland. The deal throws a potential lifeli...
  • September 11, 2019
  • 20 Views

Several US states reject opioid deal with Purdue

  Several states including Connecticut, North Carolina and Washington have rejected a provisional deal with Purdue Pharma and members of the controlling Sackler family, which is trying to settle legal liabilities related to the US opioid crisis. Josh...
  • September 11, 2019
  • 20 Views

Trump says FDA moving to ban flavored e-cigarettes – live

  Mick Mulvaney, the acting White House chief of staff, told Wilbur Ross, the commerce secretary, to have the National Oceanic and Atmospheric Administration publicly disavow the forecasters’ position that Alabama was not at risk. NOAA, which is part...
  • September 11, 2019
  • 15 Views

Mexico to inject another $5bn into state oil group Pemex

  Mexicohas given another $5bn in aid to state oil company Petróleos Mexicanos as the former monopoly launched a bond swap designed to stave off the risk of a catastrophic debt downgrade. The cash injection comes just days after the leftist nationali...
  • September 11, 2019
  • 35 Views
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