Reform vows to overhaul pension schemes for new local government workers

Discussing how automation was likely to lead to thousands of job cuts at the bank at a recent conference, Bill Winters said it wasn’t about cost cutting but “replacing, in some cases, lower value, human capital, with the financial capital and the investment capital that we’re putting in”.

DIY store B&Q and the fast food chain Five Guys are among hundreds of UK businesses named by the government for paying staff below the minimum wage. More than 600 employers were ordered to pay affected workers the outstanding wages, with £4m returned to workers, according to the Department for Business and Trade. The firms…

Archie MitchellBusiness reporter Reuters Adverts for Nike, Superdry and Lacoste have been banned for making misleading claims about their green credentials. The UK’s advertising watchdog challenged the brands over the use of the word “sustainable” in paid-for Google ads which were not backed up by evidence of their sustainability. The Advertising Standards Authority (ASA) identified…

The earlier plan, which would have seen the US government take effective ownership of as much as 90% of the airline, faced stiff opposition from Wall Street, Capitol Hill and even a member of Trump’s own cabinet. Transportation Secretary Sean Duffy told Reuters a rescue would amount to tossing “good money after bad”.