Business

Christine Lagarde resigns as head of IMF

[ad_1] Image copyright Getty Images Image caption Christine Lagarde has become known as the "rock star" of international finance Christine Lagarde has said she will step down as managing director of the International Monetary Fund (IMF).It comes hours before a vote on her nomination to become head of the European Central Bank (ECB). Ms Lagarde said she would leave the IMF on 12 September."With greater clarity now on the process
Business

Flexible working should be default, says MP Helen Whately

[ad_1] Image copyright PARLIAMENT TV Image caption Helen Whately (right) used the 10 Minute Rule to bring her bill to Parliament Conservative MP Helen Whately has called on companies to make flexible working the default position, rather than employees having to request it.Ms Whately introduced a flexible working bill in Parliament on Tuesday, which was given approval to go to a second reading on Wednesday.She said that unless employers had
Business

‘My job application was withdrawn by someone pretending to be me’

[ad_1] Image copyright Nicholas Fearn "It feels concerning that someone is potentially using my identity and that I can't do much about it." Journalist and blogger Nicholas Fearn told the BBC that someone created a Gmail account in his name, and withdrew his job application. He said he had applied for a writing job at a company in South Wales and was selected for a written assessment at its office.
Business

Wage growth at highest rate since 2008

[ad_1] Image copyright Getty Images Wage growth in the UK rose to 3.6% in the year to May 2019, the highest growth rate since 2008, according to Office for National Statistics figures.Regular pay (excluding bonus payments) increased to a weekly figure of £503. A total of 76% of people were in employment in the same period while the unemployment rate was estimated at 3.8%, the lowest since 1974.ONS deputy head
Business

Education publisher Pearson to phase out print textbooks

[ad_1] Image copyright Getty Images The world's largest education publisher has taken the first step towards phasing out print books by making all its learning resources "digital first".Pearson said students would only be able to rent physical textbooks from now on, and they would be updated much less frequently.The British firm hopes the move will make more students buy its e-textbooks which are updated continually."We are now over the digital
Business

Uber ties some executive pay to diversity goals

[ad_1] Image copyright Getty Images Uber has said it will link pay for some senior executives to progress made toward improving diversity.Diversity will be used as one "key metric" to assess performance and determine executive compensation for senior leaders, the firm said. The policy also sets a target to increase the number of women in senior roles to 35% by 2022. Other tech firms including Microsoft have also tied some
Business

Facebook scam-busting service goes live

[ad_1] Image copyright PA Media Image caption A legal action taken by MoneySavingExpert founder Martin Lewis is behind the tool Scammers are being targeted by a new tool for UK Facebook users that allows the reporting of fake adverts.The feature came about after Martin Lewis, founder of the MoneySavingExpert website, sued over his name and photo being used on fake Facebook adverts.In return for dropping the legal action, Facebook agreed
Business

Government should not manage railways, says review

[ad_1] Image copyright PA Image caption Commuters delayed at Waterloo station The man tasked with working out how to improve UK railways says a "fat controller" type figure, independent from government, should be in charge of day-to-day operations.The former boss of British Airways, Keith Williams, said government involvement should be limited to overall policy and budget decisions.But he said the Department for Transport should not manage the system. His final
Business

Harrods of the High Street or fraying at the seams?

[ad_1] Image caption Georgia Cobden saw the sales signs and decided to browse the rails at the central London House of Fraser Georgia Cobden is about to start a new job in PR and just popped into House of Fraser on Oxford Street because she knows they have a Whistles concession. At 25 Georgia is just the sort of customer troubled retailer House of Fraser needs to attract to achieve