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Starbucks scraps $250,000 cap on bosss use of company jet
It said: “Given Mr Niccol’s chief executive role, the enhanced media attention to which Mr Niccol and Starbucks are subject, and the current threat landscape, the security study for Mr Niccol also recommended that Mr Niccol use private aviation for all air travel, whether for personal, commuting, or business purposes.”
OBR chair Richard Hughes resigns over Budget day publishing error
Archie Mitchelland Rachel Clun,Business reporters BBC/House of Commons Richard Hughes said he took “full responsibility” for the shortcomings identified in the report; Rachel Reeves thanked him for his service The chairman of the Office for Budget Responsibility (OBR) has resigned following the Budget day error which saw a key document published early. Richard Hughes said…
UK growth slower than expected in third quarter
Growth in the UK economy slowed by more than expected to 0.1% in the July-to-September period, official figures show, as car production slumped. The figure was below the 0.2% predicted by analysts, and is a blow to Chancellor Rachel Reeves less than two weeks ahead of the Budget in which she is widely expected to…
IMF warns of trade tension risk to global growth
Jemma Crewand Nick Edser,Business reporters Getty Images Trade tensions and a reversal in the artificial intelligence (AI) boom are among the main risks to global economic growth, the International Monetary Fund (IMF) has warned. Its comments came in its latest world economic outlook, where it described the global economy as “steady”, with growth expected to…
