The increase in electric vehicles and hybrids on roads has also increased the risk of collision with pedestrians and cyclists. Since we have become used to the sound of engines alerting us to a car's presence, the silence of electric cars has caused safety concerns. To mitigate this risk the U.S. and Europe have passed a new regulation that requires EV's to emit a sound while driving under 18.6 mph or 30 kph to replace the sound of an engine. Automakers like BMW, Volkswagen, and Nissan are working with music composers to design sounds for their EVs. A composer from Man Made Music group guides us through their process of designing the sound for the Nissan LEAF.
(qlmbusinessnews.com via uk.reuters.com — Thur, 26th Mar 2020) London, UK —
LONDON (Reuters) – Britain made an emergency order of 10,000 ventilators designed at breakneck speed by bagless vacuum cleaner company Dyson, the first fruits of an industry-wide call to arms to prepare for the looming peak of the coronavirus outbreak.
Ahead of an expected surge of cases that could overwhelm Britain’s publicly funded health service, Prime Minister Boris Johnson made an urgent appeal to manufacturers 10 days ago to build ventilators to help keep patients alive.
Billionaire founder James Dyson said he had drawn on the company’s expertise in air movement, motors, power systems, manufacturing and supply chain to design and build an entirely new ventilator, The CoVent, that could be deployed in this time of “grave international crisis”.
“The core challenge was how to design and deliver a new, sophisticated medical product in volume and in an extremely short space of time,” Dyson said on Wednesday evening in an email to staff seen by Reuters.
“The race is now on to get it into production.”
Dyson will have to secure approval from the British medical regulator for the device and its manufacturing process. If it receives the green light, production could start early next month.
The company revolutionised the vacuum cleaner market with its bagless cyclonic device in the 1990s and has since gone on to build air purifiers, hand dryers and fans from its base in south west England and manufacturing plants in Malaysia, Singapore and the Philippines.
Separately, British engineer Babcock (BAB.L) said it had joined forces with a leading medical equipment company to design a ventilator, while carmakers and aerospace groups are waiting for the government to sign off on an alternative design.
The companies, including some of the biggest names in Formula 1 racing and aerospace such as McLaren and Airbus (AIR.PA), are racing to boost production after the government said it did not have enough ventilators in its armoury.
Britain currently has about 8,000 ventilators with another 8,000 on order to come into the health system in a week or so.
By 0900 GMT on Wednesday some 9,529 people had tested positive for the virus in the United Kingdom while 463 patients had died.
Britain is working to acquire more testing kits to help establish whether people have previously been infected with coronavirus, as opposed to antigen tests which show if someone has the virus as they are experiencing symptoms.
Many staff within the National Health Service (NHS) have not been tested, a major concern for health workers and a cause of mounting criticism of the government’s response.
Chris Whitty, the government’s top medical adviser, said testing was vitally important but a global shortage of the materials needed was causing a supply bottleneck.
“Every country is wanting this new test, for a disease that wasn’t actually being tested for anywhere three months ago,” England’s chief medical officer told a Downing Street news conference on Wednesday.Slideshow (2 Images)
Britain has bought 3.5 million antibody testing kits – largely used to determine if someone has already had the virus – and is currently making sure they work before distributing them.
(qlmbusinessnews.com via news.sky.com– Tue, 17th Mar 2020) London, Uk – –
The business blames the change in how customers buy their mobile devices, connectivity and technology.
Dixons Carphone has said it will axe 2,900 jobs under plans to close all 531 of its standalone Carphone Warehouse stores.
The retailer described the move as the “next step in its transformation” as it joins its UK mobile operations with the wider business.
In a statement, it said the move was due to the change in how customers buy their mobile devices, connectivity and technology.
After the standalone stores are closed on 3 April, the company will focus on its 305 Currys PCWorld stores and online.
It is expected that 40% of employees will be able to get new roles within the company but around 2,900 will be made redundant.
Dixons Carphone said it would “go well beyond legal obligations in financial and other support for all affected colleagues”.
Group chief executive Alex Baldock said: “Today's tough decision is an essential part of that, the next step in making our UK mobile business a success for customers, colleagues and other shareholders.
“Clearly, with unsustainable losses of £90m expected this year, mobile is currently holding back the whole business.
“There's never an easy time for an announcement like this, but the turbulent times ahead only underline the importance of acting now.”
He added: “I don't underestimate how upsetting this news will be for our colleagues, and we'll treat everyone with honesty, respect and care.
“Customers are increasingly heading, not just to our large and growing online business, but into our big stores, where they can find all the experts and tech – mobiles, computers, TVs, smart tech, appliances, gaming and all the rest – they need.
“But they can't find all this in the small mobile-only stores that are one twentieth of the size; they're visiting these less and these stores are losing more money as a result.
“That's why we're committed to our more than 300 big stores around the UK, why we're investing tens of millions of pounds in them and in the thousands of expert colleagues who work in them. But it's also why sadly we have to close the small stores.”
Sky's City editor Mark Kleinman said: “Dixons Carphone has been saying for some time that its mobile business is unprofitable…so these 531 stores have become a financial burden on Dixons Carphone's business.
“This is a body blow to those thousands of workers at Dixons Carphone and the timing, coming amid the COVID-19 crisis, is providing large companies with an opportunity to undertake big restructuring programmes that were potentially very difficult to communicate to staff.
“The disruption being caused to the economy by the coronavirus outbreak means some are choosing to announce redundancy and restructuring programmes like this at this time.”
The changes do not affect the 70 Carphone Warehouse stores in the Republic of Ireland or the company's operations overseas.
In this Alux.com video we'll try to answer the following questions: Who has the most expensive private jet in the world? What is the most expensive business jet? How much is a luxury private jet? How much is a private jet to buy? How much is a luxury private jet? What is the most luxurious private jet? What celebrities have private jets? How expensive is a Boeing private jet? How expensive is a AirForce Onet? How expensive is Donald Trump's private jet? Do private jet owners go through security? Who owns the best private jet? Who owns the costliest private jet? What the most expensive private jet? Which are the most expensive private jets? How much is a private jet? How expensive are private jets? Are private jets cheap? Are private jets expensive? When do i store my private jet? Do i need a storage facility for a private jet? How much does it cost to store a jet? How much does it cost to hire a pilot for a private jet? How rich do you need to be to own a private jet? Are private jets worth it? Do private jets need 2 pilots? How much does it cost to land a private plane at an airport? Are Pilots rich? Can you smoke in a private jet? Do private planes go through security? Can private jets fly internationally? How rich do you need to be to own a private jet? What celebrities have their own private jet? How much does a private jet pilot make? How much does jet fuel cost? How high can private jets fly? What is the total REAL cost? When is it actually time to buy a Jet? Do you get charged for landing a private plane? Can private planes land at major airports? Do private planes go through security? Do private jets have to file flight plans? How much is the cheapest private jet? How much does a g4 cost? How much is the cost of private jet crew? How much does it cost to maintain a private jet? How much is a Gulfstream private jet? Can I land at a private airport? Can private jets land anywhere? How much does it cost to buy private jet? How much is the cheapest private jet? How much does a private jet cost INR? How much does it cost to deice a private jet? What do they spray on planes deice? How long does aircraft deicing last? Are private jets safe? Are private planes safer than cars? How many planes crashed in 2019? How much does it cost to insure a private jet? How expensive is the insurance for private jets? How much does it cost to detail a private jet? How much does it cost to wash an airplane? How much does jet fuel cost?
Trader Joe's bucks much of the general wisdom of typical grocery stores in the U.S. — it doesn't do sales or coupons, has no self-checkout, no loyalty cards, and almost always has a nightmare-ish line at check-out. Here's how it was successful anyway.
A trip to Trader Joe's is an odyssey, with struggles, discovery and the spoils of victory: Its parking lots are notorious (“If you didn't have a near death experience in a parking lot, did you even go to Trader Joe's?” tweeted a customer), as are the long checkout lines that wind through the store's crowded aisles. And you won't find sales, coupons or loyalty cards. But Trader Joe's shoppers inevitably leave with an exciting new snack addiction and a respectable bottle of wine for under $5.
That odyssey, the emotional journey, is part of what has inspired consumers' obsession with Trader Joe's. There are unofficial Instagram accounts dedicated to the brand (@traderjoeslist has 1.1 million followers alone). Even celebrities crave Trader Joe's; Hillary Duff, for example, is “obsessed” with the egg-white salad. And when Trader Joe's opened it's store in Germantown outside of Memphis in Tennessee, more than 500 people reportedly waited in line.
Fandom translates to sales. In 2019, Trader Joe's 505 U.S. stores had an estimated $13.7 billion in net sales, according to retail insights company Edge by Ascential. For comparison, Whole Foods had $16.5 billion U.S. net sales in 2019 (in-store sales only, Whole Foods groceries sold on Amazon.com not included), while Costco had $110.5 billion in store-based (Costco.com sales are tracked separately) net sales, according to Edge by Ascential.
Bringing in billions from a cult of customers is no accident. But the brand has carefully pruned its business strategy to inspire evangelism from its customers. Here are some of the ways Trader Joe's gets people hooked.
(qlmbusinessnews.com via bbc.co.uk – – Fri, 13th Mar 2020) London, Uk – –
The Bank of England is considering the introduction of electronic banknotes for use by consumers and businesses.
Governor Mark Carney said: “We are in the middle of a revolution in payments,” saying the Bank must look into how electronic money could work.
He said this would complement, not replace, paper banknotes while people still wanted physical cash.
But it could open the door to programmable money to integrate with home appliances or the tax system.
Banknotes have been the only way for households to make payments with central bank money for 300 years, a discussion paper published by the Bank says.
The total value of banknotes in the UK economy was close to an all-time high, but people had been making fewer payments in cash, the Bank said.
The governor said fintech firms had begun to offer new forms of money and new ways to pay with it, but it was important to have currency from a trusted central bank.
So, the Bank is considering a Central Bank Digital Currency, which would be denominated in pounds sterling, just like banknotes. So £10 of the digital currency would always be worth the same as a £10 note.
This system would be different from money held digitally in a bank account, or cryptocurrencies. It would be guaranteed by the Bank, rather than a commercial business.
The idea also suggests that consumers would be able to pay for things without all the data about their transactions going to their bank. There would be some anonymity, as there is with cash.
Loading Central Bank Digital Currency would be an electronic version of withdrawing banknotes from an ATM. The Bank stressed this would not replace cash, particularly for those who prefer to use it.
“As long as demand for cash remains, the Bank is committed to meeting this demand,” the Bank's discussion paper says.
The currency would also be separate from card payments, meaning it would not be affected by technical failures at Visa, Mastercard, or other payment networks.
Payments of the future
The introduction of a digital currency could lead to “programmable money”, when payments could be integrated with appliances at home or tills at the shops.
Tax payments could be routed to HM Revenue and Customs at the point of sale, the Bank said.
Other examples are shares automatically paying dividends directly to shareholders, or electricity meters paying suppliers directly, based on the amount of power used.
It could also help with very small payments at a lower cost than now, allowing payments such as for a few pence each time to read individual news articles, rather than signing up to a monthly subscription.
Other central banks around the world are investigating the option of issuing digital currency. Interested parties are being invited to respond to the Bank of England's discussion by 12 June.
(qlmbusinessnews.com via theguardian.com – – Tue, 3rd Mar 2020) London, Uk – –
Service to launch in Europe this month will be integrated into Sky Q’s set top box
Disney has struck a deal with Sky to make its new streaming service available to more than 13m UK households.
Disney+, which is due to launch in the UK and much of western Europe on 24 March, is to be integrated into the Sky Q box, to be followed by Sky’s streaming service Now TV in the coming months. Disney+ is also being made available as a standalone app.
The multi-year deal is structured in a similar way to Sky’s deal with Netflix, which includes Netflix programming being included in the Sky TV and on-demand service that was renewed last month.
As part of the new deal, content from Fox, such as The Simpsons, and Hollywood films including Le Mans ’66 and Terminator: Dark Fate, will continue to be available on Sky TV and Sky Cinema as well as Disney+. Disney paid $71bn (£55bn) for Rupert Murdoch’s 21st Century Fox last year.
“We’ve built a strong partnership with Disney over three decades and we’re pleased that our customers in the UK and Ireland can continue to enjoy their world-class content – all in one place on Sky Q,” said Jeremy Darroch, group chief executive of Sky.
Sky’s deal with Disney is non-exclusive, meaning Sky’s rivals Virgin Media and BT will be able to strike distribution deals.
“We are delighted that Sky is selling the Disney+ service on their platform and, along with our other distribution partners, will deliver exceptional reach at launch,” said Kevin Mayer, chairman of Walt Disney Company’s direct-to-consumer and international business.
BT-owned telecoms company EE is expected to strike a deal to be the exclusive mobile operator to offer Disney+.
“EE looks to be in prime position given its track record in securing key premium content partnerships,” says Paolo Pescatore, media and tech analyst at PP Foresight.
Disney+, which has been cut to £49.99 for an annual subscription as an introductory offer ahead of launch, will offer content including the $100m Star Wars spin-off series The Mandalorian, Pixar hits such as Toy Story and family favourites such as Frozen 2.
The initial Disney+ offering is significantly cheaper than Netflix, which charges £7.99 a month for its most popular package, and Prime Video, which costs £79 a year.
Jack Dorsey, founder of Twitter and Square, Inc, raised some eyebrows in Silicon Valley when he announced he was moving to Africa in 2020. Africa is poised to take off as the next big tech market, and both America and China have taken notice.
(qlmbusinessnews.com via news.sky.com– Fri, 28th Feb 2020) London, Uk – –
A Gambling Commission investigation found “systemic failings” affecting customers at the online casino business.
An online gambling company owned by William Hill has been fined £3m by regulators for failing to protect problem gamblers and guard against money laundering.
The Gambling Commission said that in one case the site, Mr Green, accepted evidence of a ten-year-old £176,000 claims payout as proof of funds for a customer who deposited £1m.
In another, it failed to freeze the account of a player who gambled away a £50,000 win before depositing thousands more.
The regulator also pointed to a case in which a photograph of a laptop screen showing a sum in dollars, purporting to be a crypto currency trading account, was accepted as proof of funds.
It said Mr Green was the ninth gambling business to face action as part of an investigation into online casinos that has led to more than £20m in penalty packages since 2018.
Richard Watson, executive director of the Gambling Commission, said it had uncovered “systemic failings in respect of both Mr Green's social responsibility ad AML [anti-money laundering] controls which affected a significant number of customers”.
He added: “Consumers in Britain have the right to know that there are check and balances in place which will help keep them safe and ensure gambling is crime-free – and we will continue to crack down on operators who fail in this area.”
The fine paid by Mr Green will go to an initiative to prevent problem gambling.
It came as latest financial results from Flutter – owner of Paddy Power and Betfair – showed how the sector was coming under increasing pressure from regulatory changes.
The group said higher taxes in the UK, Ireland and Australia plus a cut in the maximum stake for fixed odds betting terminals (FOBTs) in Britain from £100 to £2 during 2019 had cost it £107m – helping drag overall profits lower.
It also said that a UK ban on the use of credit cards to place bets, introduced last month, would knock up to £17m a year off future earnings.
(qlmbusinessnews.com via bbc.co.uk – – Wed, 26th Feb 2020) London, Uk – –
Metro Bank has reported a bruising pre-tax loss of £130.8m for 2019 after an accounting scandal, down from profits of £40.6m the previous year.
It said it planned to cut costs and more than halve branch openings.
The struggling High Street bank will slash new branch openings to 24 over the next three years from a planned 71.
It said there would be no redundancies from the cuts and added that it would offer affected staff the opportunity to relocate to new back-office sites.
Metro Bank's new boss, Dan Frumkin, has described 2019 as a “challenging year”, which is somewhat of an understatement.
Last year, it was also the subject of two regulatory inquiries, plus a class action lawsuit. Its share price crashed 90% while deposits shrank and it had to offer new investors a very expensive 9% return to put in the money it needed just to survive.
On Wednesday, Mr Frumkin laid out a new, more modest strategy for growth at a bank that many think is unlikely to emerge as an independent business.
While not cutting any stores or jobs, Metro Bank is “putting their foot on the ball” in terms of new branch openings.
As a result, the bank will be giving back some of the £120m it took from a £750m fund that RBS was forced to provide to increase competition in the sector.
The good news is that Metro Bank continues to prove popular with retail customers – whose number grew by almost 25% last year – and, it insists, with small businesses. Its capital ratio is also strong.
In addition, its branches are open seven days a week, something no one else does and lots of people like. But no other bank does it because they do not think it's a way to make money.
The problem is that when one-off costs are stripped out, Metro Bank is still losing money. It reported underlying pre-tax losses of £11.7m against profits of £50m in 2018.
The new boss said this morning that there is nothing wrong with the business plan – it is that the bank has failed to execute. He's making life tough for himself by essentially saying that if it doesn't work from here, then it's his fault.
Can Metro Bank survive on its own – or will it need the support of a bigger parent?
Mr Frumkin insists that “there is a path to Metro surviving as an independent business”. Those don't feel like the words of someone who thinks that is the most likely outcome.
(qlmbusinessnews.com via news.sky.com– Mon, 24th Feb 2020) London, Uk – –
The world’s biggest bank by market value is to launch a range of consumer services in the UK under the Chase brand, Sky learns.
JPMorgan Chase, the world's biggest lender by market capitalisation, is close to making a stunning entry into Britain's personal banking market.
Sky News has learnt that the New York-listed behemoth will launch a range of savings and loan products using the Chase brand in the UK in the next few months.
The move will represent one of the most significant new entries into the consumer banking sector since the 2008 financial crisis, and could spark a new price war among lenders already struggling to deal with a protracted period of ultra-low interest rates.
JPMorgan is due to hold an investor day next week at which it will set out details of its growth strategy, although it was unclear this weekend whether the consumer banking launch in Britain would be mentioned.
Sources said that JPMorgan Chase has been in discussions with City and banking regulators about securing the necessary approvals to pave the way for the launch.
They added that the new service was likely to launch later this year.
The US-based bank reported in its fourth-quarter earnings last month that Chase had an average deposit base of $708bn (£540bn).
Its consumer banking business operates predominantly in the US, and sources suggested that its expansion to the UK represented a potentially valuable opportunity for one of the world's flagship banking brands.
One insider said that Chase was likely to offer savings and current accounts, as well as a range of open banking services and loan products.
It was unclear whether the bank planned to enter the fiercely competitive UK mortgage market.
Further details of JPMorgan's plans could not be determined this weekend.
In the US, JPMorgan boasts that consumers can open an account online within five minutes, and now has well over 50 million digital banking customers.
It has, however, faced setbacks in its digital expansion strategy, announcing last year that it was closing Finn, its online-only brand, after poor take-up from consumers.
Elements of the technology platform for JPMorgan's UK digital bank are understood to have been developed by 10x Future Technologies, the company set up by Antony Jenkins, the former Barclays chief executive.
Sky News revealed last June that JPMorgan was buying a stake in 10x.
TechCrunch, the technology news website, reported last summer that JPMorgan was also working on a secret digital banking project in London.
In recent weeks, the bank has been actively recruiting staff to work on the project.
An unnamed existing JPMorgan executive is understood to be spearheading the plans.
When the new bank is launched, it would mean the two biggest names on Wall Street now operate consumer banks in the UK, following Goldman Sachs' launch of Marcus in 2018.
Rival Citi previously owned Egg, the consumer lender, but sold it in separate transactions in 2011 to Barclays and the Yorkshire Building Society.
This week, Morgan Stanley announced the biggest takeover by a Wall Street player since the banking crisis when it bought E-Trade, the online brokerage, for $13bn (£9.9bn).
A City source played down suggestions that the new Chase-branded service would be directly comparable to Marcus, saying it would offer a wider range of products.
News of the Chase brand's entry to the UK market comes amid a bank reporting season that has reflected a more upbeat outlook for Britain's economy, while underlining the continued legacy of mis-selling scandals such as payment protection insurance.
Antonio Horta-Osorio, chief executive of Lloyds Banking Group, pointed this week to “a clearer sense of direction [for the UK] and some signs of gradually improving economic indicators”.
Next week, Metro Bank, which became the first new high street lender for a century when it launched a decade ago, will outline a revised strategy under Daniel Frumkin, its newly appointed chief executive.
Chase's launch in the UK will also throw down a challenge to the ‘neo-banks' which have promised to steal market share from the big five high street lenders.
Revolut is about to announce a $500m (£381m) equity-raise, revealed by Sky News, that is being led by Technology Crossover Ventures, an early backer of Netflix and Spotify.
The funding round, which is being accompanied by a $1bn (£760m) convertible loan, will give Revolut a pre-money valuation of $5.5bn (£4.2bn).
Coincidentally, JPMorgan's investment bank is working with Revolut on the capital-raising.
Monzo, another digital player, is finalising a further fundraising that will value the company at well over £2bn, while Starling Bank has just received a £60m equity injection from shareholders.
For JPMorgan, which has a market value of $431bn (£329bn), its plans contrast with warnings fired by Jamie Dimon, its chairman and chief executive, about its presence in the UK if Britain left the European Union.
Speaking alongside the then chancellor, George Osborne, in 2016, Mr Dimon said that as many as 4,000 jobs could disappear from the group's British workforce.
A JPMorgan spokesman declined to comment on Saturday.
YachtLife is an app that let’s users browse yachts that they can rent. The company started in Miami, but now has rentals available across the world. From Florida, to Colombia, to Italy and Spain, customers can use the app to rent yachts for a day or weekend. Rentals come equipped with a captain and first mate, and even a chef if wanted.
7-year-old Maverick has a rare genetic disorder that severely limits his vision. Now, a medication called Luxturna – the first gene therapy approved by the FDA – has the potential to substantially improve his sight, via an injection of a gene-carrying virus underneath his retina.
(qlmbusinessnews.com via theguardian.com – – Tue, 18th Feb 2020) London, Uk – –
Figures obtained by GMB show safety at its UK warehouses could be worsening
More than 600 Amazon workers have been seriously injured or narrowly escaped an accident in the past three years, prompting calls for a parliamentary inquiry into safety at the online retailer’s vast UK warehouses.
Amazon, whose largest shareholder is the world’s richest man Jeff Bezos, recently launched an advertising campaign fronted by contented staff members, after a string of embarrassing revelations about working conditions.
But new figures obtained by the GMB trade union under the Freedom of Information Act suggest safety at its more than 50 UK warehouses has not improved, and may be worsening.
Local authorities have received 622 accident reports involving Amazon warehouses over the past three years. The annual total has risen from 152 in 2016-17 to 230 the following year and 240 last year.Advertisement
In one case, a self-employed contractor at a London warehouse lost consciousness and appeared to stop breathing following a head injury, having attempted to restart work.
The accident investigation report found that sorting baskets had been overfilled and that “the main root cause of this incident was failing to provide a safe working environment”.
A report covering an incident in 2015, before the period covered by the figures, concluded that a lapse of concentration due to “long working hours” was behind an incident in which a forklift truck driver reversed into a steel structure, bringing some of it down.
Internal emails from the Health and Safety Executive (HSE) show that the accident was reported by an Amazon worker who would not give their name because they were “worried about getting sacked”.
Lisa Nandy, the MP for Wigan and a Labour leadership contender, called for an investigation into Amazon. She said: “The warehouse injuries suffered by Amazon workers are beyond appalling. I stand ready, if and when Amazon’s workers take strike action and protest, I will be there with them.
“The Tories need to start taking workers’ rights seriously and standing up to businesses like Amazon. I call on an urgent investigation – workers simply cannot wait for their conditions to improve.”
Jack Dromey, MP for Birmingham Erdington, said: “In my 30 years in the world of work I cannot remember any company clock up so many injuries to its workers.
“I have been inside the giant Rugeley depot and heard first-hand from frightened workers of the 77 serious incidents in Rugeley alone.
“Amazon purports to be a 21st century company. It behaves like a 19th century mill-owner. [Its] owner, the American billionaire, Jeff Bezos, should be called to account by parliament for his actions.
“How can he or Amazon justify refusing to talk to their workers’ union, the GMB, on safety? Their behaviour is disgraceful.”
The GMB said the escalation in the number of accidents and near-misses demonstrated the need for parliament to investigate the online retailer.
Mick Rix, GMB national officer, said: “Amazon are spending millions on PR campaigns trying to persuade people its warehouses are great places to work. But the facts are there for all to see – things are getting worse.
“Hundreds of stricken Amazon workers are needing urgent medical attention. Conditions are hellish.
“We’ve tried over and over again to get Amazon to talk to us to try and improve safety for workers. But enough is enough – it’s now time for a full parliamentary inquiry.”
Amazon became the second company in the world to be valued by Wall Street at $1tn, while its founder Jeff Bezos is the world’s richest man with an estimated net worth of $137bn (£104tn).
But the company has been dogged by allegations that its success is founded on the backs of workers enduring poor safety and low pay, leading to claims that Scottish staff resorted to living in tents to cut commuting costs.
Bezos is paying $165m for a house in the exclusive Beverly Hills area of Los Angeles, according to the Wall Street Journal, more than Amazon is due to pay in US federal taxes in 2019.
An Amazon spokesman said: “Amazon is a safe place to work. Yet again, our critics seem determined to paint a false picture of what it’s like to work for Amazon. They repeat the same sensationalised allegations time and time again.
“Our doors are open to the public, to politicians, and indeed to anyone who truly wants to see the modern, innovate and, most importantly, safe environment we provide to our people. The fact is we benchmark against UK national data, published by the Health & Safety Executive, confirming we have over 40% fewer injuries on average than other transportation and warehousing businesses in the UK.”
In this Alux.com video we'll try to answer the following questions: Why is the Bugatti Chiron so expensive? What makes a Bugatti so special? Is a Bugatti the most expensive car in the world? How much does it cost to maintain a Bugatti? How much does a bugatti car cost? Is bugatti a luxury brand? Who bought the 18 million dollar Bugatti? How much is a set of tires for a Bugatti? Who drives a Bugatti? How much is an oil change for Bugatti? How do you pronounce Chiron Bugatti? Who bought the Bugatti black car? What's the world's rarest car? What does it cost to insure a Bugatti? How long do tires last on Bugatti Veyron? How much does it cost to rent a Bugatti Chiron? How much does it cost to lease a Bugatti Chiron? What is the most expensive car you can lease? Who owns Bugatti Chiron? Can a pilot afford a Bugatti? Who makes the engine for Bugatti? Can you finance a Bugatti? How much does the Bugatti Veyron cost? Is Bugatti a reliable car? Is Bugatti the most expensive car in the world? Is a Bugatti the fastest car in the world? Is Bugatti owned by volkswagen? Is Bugatti french or german? is Bugatti chiron street legal? Who is the founder of Bugatti? How was Bugatti created? How many cars does Bugatti sell per year? What is the revenue of Bugatti? What is the market cap of Bugatti? What are the most luxurious Bugatti cars? What is the best Bugatti car? What is the best Bugatti commercial? What is the best Bugatti review? How expensive is the Bugatti Divo? What is the price of the Bugatti Divo?
(qlmbusinessnews.com via news.sky.com– Tue, 11th Feb 2020) London, Uk – –
The government will also announce billions of pounds of investment in greener bus services and cycle paths.
Boris Johnson is heading for a rebellion by up to 60 Conservative MPs by giving the go-ahead for the controversial £100bn flagship rail project, HS2.
The hugely expensive scheme is expected to be approved at a special meeting of the cabinet and then the prime minister will announce the decision in a statement in the Commons.
In a bid to placate potential rebel MPs, the PM's statement will also include the announcement of £5bn of new funding to overhaul bus and cycle links for every UK region outside London.
The package includes at least 4,000 new zero emission buses to promote greener commuting, over 250 miles of new cycle routes and dozens of new ‘Mini-Holland' schemes, designed to make town centres safer and greener for cyclists and pedestrians. HS2 explained: What is it and how much will it cost?John-Paul Ford Rojas looks at the detail of one of the UK's biggest infrastructure projects in decades
The go-ahead for HS2, which will eventually slash journey times between London and the north of England, is seen as a move to repay northern voters who swept Mr Johnson into Number 10 in December.
As a result, it has become a political imperative for the prime minister, who won his 80-seat Commons majority with pledges to improve infrastructure in the north of England and the Midlands.
But it risks a furious backlash from Conservative MPs in the home counties and middle England, who are bitterly opposed to the project on grounds of its ballooning cost and the destruction of rural beauty spots.
Nearly 60 Conservative MPs are backing an HS2 Review Group, a caucus of Tories opposed to the scheme including a number of new MPs elected to the Commons in the December election.
The Taxpayers' Alliance has also condemned the go-ahead. Spokesman Harry Fone said: “This announcement is a massive blow to the taxpayers of today and tomorrow who will be left paying for the HS2 white elephant with no light at the end of the tunnel.”
Meanwhile, Greenpeace said Boris Johnson's decision will give him “the dubious honour of being this century's largest destroyer of irreplaceable ancient woodlands in the UK”.
But Mr Johnson's decision to back HS2 after months of wrangling and the cost trebling since it was first conceived more than a decade ago reflects his determination to go ahead with major infrastructure projects.
The prime minister is said to want to see the biggest infrastructure revolution since Victorian times and has even ordered civil servants to carry out a feasibility study for a £20bn bridge between Scotland and Northern Ireland.
On HS2, he is likely to announce that work on the London to Birmingham and Birmingham to Crewe sections can begin immediately, opening in 2036. But it is thought that a phase from Manchester to Leeds will be delayed until 2040 to make sure it is cost-effective.
This review is likely to recommend integrating HS2 with the new Northern Powerhouse line linking cities including Liverpool, Manchester, Bradford, Sheffield, Leeds and Hull.
Other projects expected to be given the go-ahead include the repeatedly delayed electrification of the Trans-Pennine route between Manchester and York, a £3bn upgrade that will enable more trains to run and cut journey times.
In backing HS2, the prime minister is overruling his controversial special adviser Dominic Cummings, who has described it as “a disaster zone” and his transport adviser Andrew Gilligan, who have both argued for the project to be scrapped.
But the decisive moment in the Whitehall wrangling over the project came last month when the Chancellor Sajid Javid let it be known that after a Treasury analysis that he backed it ahead of a crucial meeting with the PM and the Transport Secretary Grant Shapps.
Mr Javid refused to confirm the final decision in the hours leading up to the announcement, but balked at the suggestion the splurge would be better spent improving east-west transport links.
“It's not about instead of,” he told Sky News' Kay Burley@Breakfast, adding: “We can still as a country invest in better connectivity across our cities.”
Two of the biggest backers of HS2 have been the big-city mayors, Labour's Andy Burnham of Greater Manchester and the Tories' Andy Street in the West Midlands. Senior Tories believe the go-ahead is crucial to Mr Street's chances of re-election in May.
Travelling at up to 250mph, HS2 is designed to reduce journey times between London and Birmingham from 80 to 45 minutes and between London and Manchester from 128 to 68 minutes.
The cost was originally estimated at £3bn in 2009, then £56bn in 2013, but is now expected to cost £106bn, though the National Audit Office has said it is impossible to estimated with certainty what the final cost will be.
By Jon Craig