Chinese internet giant Baidu has said it will share much of the technology it has created for its self-driving cars.
Category: News Wire
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UK ‘sleepwalking into becoming low-value, low-skilled economy
Government and businesses criticised for ‘two decades of underinvestment’ that have left the UK lagging well behind on key measures including literacy, numeracy and digital skills
Next boss’s bonus axed as high street stores feel the pinch
Lord Wolfson’s total package dives by 58% to £1.8m as rival House of Fraser says it is also ‘cautious’ about the year ahead
Business leaders welcome snap election
City grandees and currency investors alike backed Theresa May’s decision to call an early election in the hope she will win more authority to negotiate a smooth exit from the European Union.
Older people due to pass on property ‘wealth mountain’ worth £400bn
Housing inheritance will benefit younger generations selectively, with less than a quarter of under-45s likely to gain
Sales of million-pound apartments increase almost threefold
Sales of flats costing £1m or more have risen nearly threefold over the last decade, figures out today show.
Weetabix to be sold to US company
UK cereal firm Weetabix is to be bought by US firm Post Holdings for $1.8bn (£1.4bn), its owner has confirmed.
Fifth of British businesses hacked by cyber criminals
Only a quarter of firms say their business has security measures in place to guard against hacking.
UK high streets report busy Easter thanks to mild weather
Although footfall declined by 5.9 per cent on Good Friday, it increased by 4.6 per cent on Easter Saturday and also rose on Sunday compared to last year
British families face price rises as businesses pass on higher costs
Families should brace themselves for steeper price rises after a leading accountancy body warned that protecting customers from higher costs is now “unsustainable” for businesses.
Living standards in UK fall for the first time since 2014
Despite another fall in unemployment and a rise in vacancies, inflation outstripped pay growth in February.
RBS could take £1.5bn hit from plan to drop Williams & Glyn sale
The European Commission has warned that a £750m plan that will allow Royal Bank of Scotland to abandon a troublesome sale of its Williams & Glyn business could eventually deal a £1.5bn hit to the taxpayer-backed lender.
Royal Mail plans to close defined benefit pension scheme next year
The company’s annual pension contributions are currently around £400m but if no changes are made that figure could more than double to over £1bn in 2018.
UK employers urged to act on mental health and stress-related illnesses
More the half of UK employers believe stress and mental health illnesses are escalating, according to new research.
UK firms ‘struggling to recruit staff’
UK firms want to recruit more workers but cannot find or afford the right staff, a survey has found.