Tag Archives: Faces

Bank of England faces strike action over pay as union launches ballot

Staff at the Bank of England will begin voting on Thursday on whether to hold a strike this year in protest at below-inflation pay rises, union sources told Reuters. Unite, Britain’s biggest union, is consulting members on whether to take industrial action at the 323-year-old Bank, which employs around 3,600 people, after they were awarded a 1 percent… Read More »

Just Eat and Hungryhouse merger faces competition probe

Just Eat’s £200m plan to take over rival food delivery service Hungryhouse faces a hurdle. The proposed deal has been referred for an in-depth investigation by the Competition and Markets Authority (CMA). Both companies take online orders from customers and act as delivery middle men between them and restaurants. However, the CMA is worried that the combination of… Read More »

Oil industry faces boom-and-bust, warns IEA energy group

A new oil industry boom-and-bust cycle is likely if the current reduction in new investment is not reversed, says the International Energy Agency. The IEA says unless more money is spent exploring for, and developing, new oil fields, then demand may outstrip supply in the early years of the next decade. That could see oil prices surging again,… Read More »

Tesco faces UK legal action over accounting scandal

Tesco is facing a legal action by a group of investors who claim to have lost £150m due to the supermarket’s 2014 accounting irregularities scandal. “Shareholders were misled by information inaccurately provided to the market with knowledge by management,” alleges Jeremy Marshall from Bentham Europe, the firm funding the claim, speaking to the BBC. Mr Marshall said the… Read More »

MasterCard faces $18.6 billion UK suit over fees

 MasterCard, the world’s second largest credit and debit card issuer, is being sued for $18.6 billion in the United Kingdom. Court documents filed in London on Thursday allege the firm charged unlawfully excessive fees on millions of transactions when customers paid for items in stores between 1992 and 2008, resulting in higher prices for consumers. The lawsuit was… Read More »

South Sudan Faces One of World’s Most ‘Horrendous’ Human Rights Situations: U.N. Rights Chief

A U.N. report describing sweeping crimes like children being burned alive and fighters raping women as payment shows South Sudan is facing “one of the most horrendous” human rights situations in the world,” the United Nations rights chief said Friday. A displaced woman in the United Nations Protection of Civilians (PoC) site in Malakal on Feb. 26. ALBERT… Read More »