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Bank boss sorry after describing workers as lower value human capital
Posted onDiscussing 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”.
WrapUp London: How unwanted coats are changing lives this winter
Posted onBBC The table full of coats and outerwear for babies and toddlers was popular It is a simple mission: ensure everyone in London is wrapped up warm for winter. This year, WrapUp London will collect and distribute about 20,000 unwanted or outgrown coats and gift them to homeless charities, women’s refuges and family centres. A…
Legoland Shanghai: China bets on Western theme parks to lift spending
Posted onOsmond Chia Business reporter, BBC News Getty Images Tourists flocked to China’s first Legoland theme park as it opened in Shanghai earlier this month, marking another step in the country’s efforts to establish itself as a global travel destination. It is the latest amusement park to be launched in China by a Western brand. Warner…
Capture IT system: Compensation scheme opens for sub-postmasters
Posted onThe government has launched a scheme to compensate former sub-postmasters and their families who were made to repay shortfalls caused by the Capture branch IT system. That system was in place from 1992 to 2000, and was the predecessor of the Horizon IT system which was also beset by scandal. A pilot version of the…
Car brake pads to change under new rules to curb pollution
Posted onChristine Ro Technology Reporter Getty Images Brake dust and tyre wear are significant sources of pollutants Garage owner Kevan Gibbons has noticed many changes in his 45 years in the motor trade. Cars are much bigger than when he started out. Driving styles have changed too, with more frequent stopping. All that starting and stopping,…
