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Women face uphill wage battle in British finance sector

There had never been much doubt that in London’s testosterone-fuelled financial sector female workers’ salaries lagged far behind those of their mostly male colleagues.Now this has been confirmed in black and white after the British government forced UK-based banks to publish their own so-called gender pay gaps.Prime Minister Theresa May’s Conservative government demanded that individual…

Road gets tougher for electric car innovator Tesla

Tesla, which until recently had been seen as cruising to a bright future, has suddenly hit a rough stretch as fresh concerns over the future of autonomous vehicles have exacerbated worries over its ability to hit production targets.Shares in the California electric car innovator skidded 7.7 percent Wednesday at the close, a day after an…

Daimler and BMW to merge car-sharing services

German carmakers Daimler and BMW said Wednesday they would merge their car-sharing services Car2Go and DriveNow, creating a European giant with around four million users to take on challengers like Uber.‘We will not leave the task of shaping the future of urban mobility to others,’ Daimler chief executive Dieter Zetsche said of the merger, which…

Facebook overhauls privacy settings amid data breach outcry

Facebook on Wednesday launched a fresh effort to quell the firestorm over the hijacking of personal data, unveiling new privacy tools and settings aiming to give users more control over how their information is shared.The new features follow fierce criticism of the social network giant after it was revealed that the personal data of tens…

Will the WTO survive Trump?

An international organisation that Donald Trump demeans, undermines and then embraces when it suits his interests: probably sounds familiar within NATO, or the UN.Now it’s time to add the World Trade Organization to the list.The early signs of the US president’s intentions towards the Geneva-based trade body all pointed towards hostility.As a candidate he called…

Samsung, Fujitsu pick France for new AI research centres

South Korean giant Samsung said Wednesday it will set up its third-biggest research centre for artificial intelligence in France.The announcement was made by Samsung Electronics president and chief strategy officer, Young Sohn, during a meeting with French President Emmanuel Macron in Paris. At the same time, Japanese group Fujitsu also announced it would set up a…

Self-driving truck startup co-founder leaving Uber: report

A co-founder of a self-driving truck startup Uber bought to rev up its autonomous vehicle efforts is leaving the ride-share company, CNBC reported on Wednesday.Lior Ron’s profile on career social network LinkedIn indicated that since late 2016, he has been the head of Uber Freight, a service that matches shippers with truckers and sometimes self-driving…

British PM marks one-year Brexit countdown with UK tour

British Prime Minister Theresa May will mark the one-year countdown to Brexit on Thursday with a fast-paced national tour, aiming to unite the UK’s four nations.She will take in Scotland, England, Northern Ireland and Wales during her day-long tour, aiming to rally support ahead of Britain’s EU departure on 29 March, 2019.‘Today, one year until…

Trump’s risky gambles in hunt for foreign policy win

In his nuclear standoffs with North Korea and Iran and disputes over Chinese trade and a Mexican wall, Donald Trump bet that his bullying style would get results.Trump was quick to claim vindication Wednesday when China reported that North Korea’s Kim Jong Un is ready to talk nuclear disarmament at their upcoming summit Indeed, the US…

EasyJet chief says European airline shakeup is not over

The European aviation sector is likely to see further consolidation after a number of airline bankruptcies, the new chief executive of British low-cost airline EasyJet said on Wednesday.‘In 2017 we saw the bankruptcy of Monarch, the problems with Alitalia, Air Berlin as well, it is just the sign there will be more change,’ EasyJet CEO…