Tuesday, October 12, 2010

Hollingsworth Daily Post

  • Iceland remains the country that has the greatest equality between men and women, according to an annual report by the World Economic Forum (WEF).It is the second year in succession that Iceland has topped the foundation's Global Gender Gap Report.Nordic nations dominate the top of the list of 134 countries, with Norway in second place and Finland third.The report measures equity in the areas of politics, education, employment and health.
  • The case to decide the future ownership of Liverpool Football Club will be heard in the High Court on Tuesday.The Royal Bank of Scotland (RBS), the club's major creditors, have submitted an application to the court against co-owners Tom Hicks and George Gillett.Hicks and Gillett, who bought the Reds in March 2007, owe RBS £240m but are blocking the £300m sale of the club to New England Sports Ventures (NESV).The American duo have opposed the sale as they say it undervalues the club.The case is one of a number to be heard by Mr Justice Floyd at 1030 BST and revolves around whether chairman Martin Broughton has the authority to sell Liverpool to NESV against the wishes of Hicks and Gillett.
  • US clothes retailer Gap has scrapped a new logo just one week after its introduction following an "outpouring of comments" online.The original logo, which has used been used for more than 20 years, has a blue box with "GAP" written in white inside.The new logo on the website had "Gap" written in black against a light background with a small blue square laid over the top of the letter "p".But critics attacked the rebranding on social networks and online forums.More than 2,000 comments were posted on the company's Facebook page on the issue, with many demanding the return of the traditional logo.
  • French unions are staging a national day of strikes and demonstrations in opposition to the government's pension reforms - the third in a month.Hundreds of thousands of people are expected to march in cities across France, with transport workers, civil servants and teachers stopping work.Ministers want to raise the minimum retirement age from 60 to 62, and the state pension age from 65 to 67.Meanwhile, key workers are set to vote on whether to begin open-ended strikes.
  • UK Consumer Prices Index (CPI) inflation remained unchanged in September at 3.1%, according to the Office for National Statistics (ONS).It means the rate has been above the Bank of England's 2% target for 10 months in a row.Inflation as measured by the Retail Prices Index (RPI) fell back from 4.7% in August to 4.6% in September.RPI - which factors in a greater chunk of the cost of housing - is important for wage negotiations.
  • Growth in the UK economy is slowing, with the service sector particularly affected, two surveys have suggested.A report from the British Chambers of Commerce (BCC) said economic growth in the third quarter was "considerably" slower than the previous quarter.The BCC warned businesses faced serious challenges in the coming months.The British Retail Consortium (BRC) said retail sales growth slowed last month, with like-for-like sales up 0.5% from a year ago.


BBC Business News 12 October 2010

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