Britain suffers biggest downturn in productivity since the financial crisis

Britain has lurched further into its national productivity crisis, with hourly output at the end of last year registering its biggest quarterly fall since the 2008 financial crisis. Productivity, the crucial statistical metric that underpins overall economic growth and sustainable increases in national living standards, fell by 1.2 per cent in the three months to December, the Office… Read More »

UK industrial output fall prompts growth fears

The UK’s industrial output fell 0.5% in February from a year earlier, the biggest decline since August 2013. Office for National Statistics (ONS) figures also showed manufacturing output fell by 1.1% from January, and was down 1.8% from a year earlier. The weaker-than-expected figures have raised fears over the performance of the UK economy. Separate figures from the… Read More »

NAB, ANZ bosses say calls for royal commission in banking a ‘serious distraction’

The bosses of Australia’s biggest banks have dismissed Labor’s call for a royal commission into the financial sector as the Federal Government rules out launching its own. Opposition Leader Bill Shorten has vowed to hold a two-year, $53 million probe if elected, saying a “string of scandals” proved it was vital. But National Australia Bank chief executive Andrew… Read More »

Target’s managing director says resignation ‘the right thing’ amid accounting issues

Target’s managing director Stuart Machin has resigned, as parent company Wesfarmers investigates claims of accounting issues in its most recent half-year results. Key points: Stuart Machin says moving on “right thing” as accounting issues happened on his watch Wesfarmers launches comprehensive investigation into accounting problems Target reportedly agreed to give suppliers additional rebates in return for higher price… Read More »

Why You Should Consider React Native For Your Mobile App

Like many others, I was initially skeptical of Facebook and Instagram’s React. Initial demos of React’s JavaScript language extension, JSX, made many developers uneasy. For years we had worked to separate HTML and JavaScript, but React seemed to combine them. Many also questioned the need for yet another client-side library in an ocean full of them. As it… Read More »

Angry Aldi customers are hitting back at the chain’s latest social media mishap

ALDI Australia is under fire over yet another cringe-worthy social media fail. The supermarket chain’s Facebook page put up a post this morning asking followers to comment with their “best animal joke”, to promote their farmyard planters on sale. Awks.Source:Facebook The post sparked an immediate backlash of sarcastic comments in response to the recent controversy over its continued… Read More »

India cautions Britain against tightening norms for skilled staff

Tech companies are worried if the guidelines will chip away at their bottomline India has told Britain that by tightening norms for skilled foreign workers it was mixing up Intra Company Transfers (ICTs) with immigration and this could affect bilateral ties. The commerce ministry, while awaiting a response from the U.K. Government on the issue, will seek legal… Read More »

Iran exporting 350,000 bpd oil to India, hopes for more – Shana

Iran is exporting around 350,000 barrels of crude oil a day to India and hopes to increase this number, Oil Minister Bijan Zanganeh was quoted as saying on Saturday after meeting Indian counterpart Dharmendra Pradhan. The Shana news agency, linked to Iran’s oil ministry, quoted Zanganeh as saying Indian oil purchases from Iran were at 350,000 barrels a… Read More »

LG Home 4.0 Launcher With App Drawer Now Available for LG G5

LG was criticised by some for removing the app drawer from its stock launcher in the LG G5 smartphone. However, the company later brought the optional drawer in its UX 5.0 custom UI andeven showed it in a video. That version now is available to download as Home 4.0 launcher for the LG G5. The new LG Home… Read More »

Oppo F1 Plus global rollout begins, price set at €389

The rollout of the Oppo F1 Plus has started and the phone is now available in select markets. In Europe, the phone will be on sale online starting May with a price of £299 in the UK and €389 elsewhere. In India the phone will retail for INR 26990 ($400). The phone will carry a similar price tag… Read More »