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.
Justin Bieber was one of the hardest hit
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
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