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UPS to cut 30,000 jobs as it moves away from Amazon
Parcel delivery giant UPS says it will cut up to 30,000 jobs this year as it further reduces shipments for its biggest customer, Amazon. The world’s largest package delivery company has been scaling back deliveries for the online retail giant, which it says are “extraordinarily dilutive” to its profit margins. UPS says the job cuts…
London Underground fares to go up by 5.8% in 2026
BBC The rise in Tube fares was part of a funding deal with the government The cost of travelling on the London Underground, the Overground and the Elizabeth line is set to rise by 5.8% next year, the mayor of London has confirmed. The increase is 1% above the rate of inflation and will come…
Trump says $72bn Netflix-Warner Bros deal could be a problem
US President Donald Trump has flagged potential concerns over Netflix’s planned $72bn (£54bn) deal to buy Warner Brothers Discovery’s movie studio and popular HBO streaming networks. At an event in Washington DC on Sunday, he said Netflix has a “big market share” and the firms’ combined size “could be a problem”. On Friday, the two…
Pubs to get support package after business rates backlash
Pubs and music venues in England will be given a 15% discount on their business rates bills from April and will not see increases for two years, the government announced. Treasury Minister Dan Tomlinson said the three-year package was worth £1,650 for the average pub. It comes after a backlash against November’s Budget, which left…
