LONDON / AP Britain is considering charging employers 1,000 pounds ($1,200) a year for every skilled worker they recruit from the European Union after the UK leaves the bloc, the country’s immigration minister said. Robert Goodwill told a House of Lords committee the charge is “something that’s been suggested to us that could apply†to EU workers. Britain has ...
Read More »Brexit to bring profit for Britons selling property in Portugal
Bloomberg Just weeks after the UK voted to leave the European Union, Peter Thompson, a British healthcare consultant, sold one of his two homes in the fishing town of Tavira in Portugal’s Algarve region, capitalizing on the plunge in the pound against the euro. Thompson and his wife, who spend half the year in the British northwest county of ...
Read More »Home sale agreements fall apart across USA
Bloomberg Spending months to find the perfect home in your price range, only to have your mortgage application rejected, or a home inspection turn up expensive repairs, is a nightmare—one that is coming true with increasing frequency, according to a new report from real estate listings website Trulia. A Trulia analysis of US listings shows that 3.9 percent of ...
Read More »Takata to pay $1 billion, plead guilty in USA air bag probe
Bloomberg Takata Corp. admitted to hiding the deadly risks of its exploding air bags for about 15 years in an agreement to pay US regulators, consumers and car manufacturers $1 billion in penalties. The faulty air bags have been linked to at least 17 deaths worldwide. The Tokyo-based manufacturer also agreed to plead guilty to one criminal charge. The ...
Read More »Mexican drivers flood to California for ‘Gasolinazo’ relief
Bloomberg Mexico’s fuel market liberalization has done something rarely seen before: make California’s pump prices look cheap. Drivers are flooding across the border to southern California to fill up on gasoline, after protesters blocking distribution centers near the Baja California capital of Mexicali caused stations to run dry. Antunez’s Shell gas station in Calexico is just five blocks away ...
Read More »â€˜UK will do ‘whatever’ is needed to be competitive’
Bloomberg The UK will do “whatever we have to do†to boost its competitiveness if it fails to secure post-Brexit access to the European Union single market, Chancellor of the Exchequer Philip Hammond said in an interview published on Sunday in a German newspaper. “If Britain were to leave the European Union without an agreement on market access, then ...
Read More »German transport minister seeks recall of Fiat cars
Bloomberg German Transport Minister Alexander Dobrindt, escalating a months-long feud with Italy over vehicle emissions, said the European Commission must ensure that Fiat Chrysler cars that break pollution rules are taken off the market, Bild am Sonntag reported. “The Italian authorities have known for several months that Fiat, in the opinion of our experts, uses illegal shut-off devices,†the ...
Read More »Qatar Airways seeks engine guarantees for Airbus order
PARIS / Reuters Qatar Airways is seeking strict guarantees as it talks to CFM International about supplying engines for a revamped order for Airbus narrow-body jets, which it expects to finalise ‘soon’, its chief executive said. The Gulf airline has cancelled four A320neo jets powered by alternative Pratt & Whitney engines and expects to swap the overall aircraft order, ...
Read More »SpaceX launches rocket, deploying 10 satellites
Bloomberg Elon Musk’s Space Exploration Technologies Corp. returned to the skies with a flawless delivery of communications satellites into orbit, its first flight since a September 1 fireball destroyed a rocket and its payload on a Florida launch pad. A Falcon 9 rocket carrying 10 Iridium Communications Inc. satellites rumbled aloft from Vandenberg Air Force Base on California’s central ...
Read More »â€˜Full’ Heathrow extends European hub lead
Bloomberg London’s Heathrow airport, which has operated close to the capacity of its two runways since the start of the decade, eked out a further 700,000 passengers to extend its lead as Europe’s top travel hub in 2016 as growth in Paris stuttered and Istanbul and Frankfurt fell back. Heathrow’s traveller tally increased 1 percent to 75.7 million, while ...
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