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 Barbarians vs Samoa interrupted by sprinklers as fans criticise lack of Wi-Fi and poor seating at West Ham's Olympic Stadium
- 2 Watch the Supermoon live: How to see the brightest Moon of the year tonight
- 3 Hulk Hogan wants to be Donald Trump's running mate in the US Presidential election
- 4 Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
- 5 David De Gea to Real Madrid: Real finally get their man with £29m bid for Manchester United goalkeeper
Caitlyn Jenner car crash: Driver who died in collision sued by surviving passengers for $18.5m
Watch the Supermoon live: How to see the brightest Moon of the year tonight
Hulk Hogan wants to be Donald Trump's running mate in the US Presidential election
Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
Turkey duped the US, and Isis reaps rewards
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
iJobs Money & Business
£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...
£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...
£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...
£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...