LONDON: Britain risks following the rise in inequality seen in the United States which could weaken democracy, a Nobel Prize-winning economist said on Tuesday (May 14) at the launch of a major review into differences in income, education and health.Angus Deaton said Britain could follow the United States where wages for non-college-educated men had not risen for five decades, contributing to a fall in life expectancy for the last three years - something that had not happened for a century.While the situation in Britain is less stark, the country has suffered a decade of stagnant wages and there were signs deaths from suicide and drug and alcohol abuse were rising among the middle-aged.Discontent with flat-lining living standards was seen as a factor behind the 2016 decision by British voters to leave the European Union. Theresa May, when she became prime minister soon afterwards, promised to help the "just-about-managing families"."I think that people getting rich is a good thing, … [Read more...] about Nobel winner warns UK of US-style inequality risks
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Amazon partners UK’s Next for click & collect service
Business Amazon has teamed-up with British clothing chain Next to offer a network of stores where the U.S. online retail giant's UK customers can collect their parcels. 14 May 2019 02:05PM Bookmark LONDON: Amazon has teamed-up with British clothing chain Next to offer a network of stores where the U.S. online retail giant's UK customers can collect their parcels.Seeking to capitalise on the growing popularity of click & collect services, Amazon is offering delivery to hundreds of Next stores as an option on the tens of millions of items it sells online.The new "Counter" service available from Tuesday builds on Amazon's existing parcel pick-up and locker options. In the UK Amazon has over 2,500 automated lockers with partners including supermarket groups Morrisons and the Co-operative as well as Shell petrol stations.Amazon said the new service is also being launched in Italy, where its partners are bookstore chain Giunti and the network of Fermopoint and SisalPay … [Read more...] about Amazon partners UK’s Next for click & collect service
UK’s May sacks defence minister Williamson over Huawei leak
British Prime Minister Theresa May on Wednesday sacked Defence Secretary Gavin Williamson following a probe into the leak of news that Britain had conditionally allowed China's Huawei to develop its 5G network. "The Prime Minister has this evening asked Gavin Williamson to leave the government, having lost confidence in his ability to serve in the role of Defence Secretary and as a member of her Cabinet," said a spokeswoman from her Downing Street office. May said in a letter to Williamson that the investigation "provides compelling evidence suggesting your responsibility for the unauthorised disclosure" from the April 23 meeting of the National Security Council (NSC). "No other credible version of events to explain this leak has been identified. "This is an extremely serious matter and a deeply disappointing one," she added, with Williamson now facing the possibility of a criminal probe. "This must now be referred to the Metropolitan Police for a thorough criminal investigation into … [Read more...] about UK’s May sacks defence minister Williamson over Huawei leak
Five UK tech firms to invest in Malaysia
PETALING JAYA: A total of five UK technology organisations are investing in Malaysia, according to a joint statement by the UK Department for International Trade and the Ministry of Communications and Multimedia Malaysia. The ministry said this reinforces the UK’s long-term commitment to Malaysia as a key partner in trade and investment. “It also reflects Malaysia’s attractiveness as an investment destination and as a springboard to the wider Asean market.” The five companies are Ideagen, AuditXPRT, Mitra Innovation, BAE Systems Applied Intelligence and Sage. Minister of Communications and Multimedia Gobind Singh Deo (pix) said as Malaysia continues to implement technologies such as artificial intelligence, robotics and cyber security, the investment of more UK tech companies to Malaysia highlights their confidence that Malaysia is moving in the right direction. “The aim of collaboration in the area of technology is incredibly essential not only to aid … [Read more...] about Five UK tech firms to invest in Malaysia
No end date for Brexit talks between government and Labour: UK May’s spokesman
LONDON: The British government wants talks with the opposition Labour Party on a Brexit compromise to reach a conclusion by the middle of next week, several British journalists reported on Tuesday citing unnamed sources.Prime Minister Theresa May's government are seeking to forge a consensus with Labour to help get a Brexit deal approved by parliament and deliver the result of the 2016 referendum vote to leave the European Union.Reporters from the BBC, the Guardian and Politics Home tweeted that the government wanted the talks to be concluded by the middle of next week. The tweet from Politics Home was later deleted.Earlier, May's spokesman had declined to set an end date for the talks, and described the latest round of talks as "serious and constructive"."Further talks will now be scheduled in order to bring the process toward a conclusion," he added.Sterling had earlier risen to a one-week high back above US$1.30 after media reports that the tone of Brexit talks between the … [Read more...] about No end date for Brexit talks between government and Labour: UK May’s spokesman