BBC announces pay freeze and no bonuses for managers

Wednesday, January 28, 2009 More than 400 senior managers within the United Kingdom’s BBC, which employs around 28,500 people, have been told that they face a real-terms pay cut as bonuses and pay rises are scrapped this financial year. Tuesday’s announcement said that bonuses will not now be paid and pay rates will stay fixed until 2010. The BBC’s executive […]

Volkswagen engulfed by diesel emissions scandal

Tuesday, September 22, 2015 Chief Executive of Volkswagen Martin Winterkorn issued on Sunday a public apology and announced an outside inquiry would be carried out, after the company became engulfed in a scandal about diesel emissions tests. Over the weekend there were damaging revelations that the car manufacturer has been using illegal software to enable diesel cars to cheat on […]

Nurseries not harmful to children, says new UK study

Tuesday, June 8, 2010 A new study by a professor at the University of Oxford has concluded that attending nursery school does not have harmful effects upon “the vast majority” of children under two years old. The research contrasts with the views of other writers in the field, who argue that pre-school children achieve the best results when cared for […]

Iceland nationalises Kaupthing Bank

Thursday, October 9, 2008 Iceland’s Financial Services Authority has nationalised the Kaupthing Bank as a response to the financial crisis which may result in a total collapse of the nation’s economy. Kaupthing, together with Glitnir Bank and Landsbanki, owe a total of US$61 billion, which is twelve times the estimated size of the economy of the Nordic country. The Financial […]

Two dead in Michigan college shooting

Friday, April 10, 2009 Two people are dead at a Michigan, United States community college in what police are calling a murder-suicide on Friday, the Detroit Free Press reports. The victims, a 28-year-old man and a 20-year-old woman, were found in the Fine Arts Building of Henry Ford Community College in Dearborn, Michigan. The Free Press reports that the suspected […]