Business and City in Brief
Monday 21 December 1992
The Department of Trade described as 'speculative' weekend reports that the Government will help City firms to pay for bomb damage caused by such terrorist outrages as the attack on the Baltic Exchange in London earlier this year.
Time chief dies
Steven Ross, aged 65, chairman and co-chief executive of Time Warner, the media conglomerate, died early yesterday, following a recent battle against prostate cancer, the company said.
Japan's Economic Planning Agency has cut its forecast of GNP growth for 1992/3 sharply from 3.5 per cent to 1.6 per cent. But the EPA, with the endorsement of the Japanese Cabinet, expects growth to rise to 3.3 per cent in 1993/4.
David Simons, who planned to step down as finance director of Storehouse in March, has been recruited to take over as chief executive of Isosceles, the highly indebted owner of the Gateway supermarket chain. The food retailer is negotiating with banks to win a six-month standstill on interest payments.
British officials in Washington are said to be gloomy about the Prime Minister's chances of winning approval for British Airways' agreed plan to buy 44 per cent of USAir. A decision is expected by Christmas Eve.
Toyota and Volkswagen have agreed to extend an agreement jointly to produce Toyota cars at Hanover in north-west Germany for another two years. Production is planned to rise by 2,000 cars to 15,000 by the end of 1996.
The US and Dutch governments have signed an income tax treaty that could affect a 'significant proportion' of FT- SE 100 companies, according to the accountants Ernst & Young. The treaty reduces the tax advantages of owning international subsidiaries through Dutch companies.
- 1 Indonesia executions: Death row British grandmother Lindsay Sandiford will refuse to wear a blindfold when she faces firing squad
- 2 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 3 How the language you speak changes your view of the world
- 4 The top 50 cities for young people to live in
- 5 Uploading pictures to find out how old you are gives Microsoft the right to post them wherever they want
General Election 2015: Fishing is on Nigel Farage's mind as he casts a line to the disaffected of Grimsby
Oxygen-starved 'dead zones' with no marine life up to 100-miles long discovered in the Atlantic Ocean
The man who filmed the Freddie Gray video has been arrested at gunpoint
Indonesia executions: Death row British grandmother Lindsay Sandiford will refuse to wear a blindfold when she faces firing squad
Russian warships accused of 'chasing away' Swedish vessel to prevent Baltic States from achieving energy independence
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: SNP and its activists 'openly racist' towards the English, Farage says
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
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