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Finance

BT cuts almost 8,000 jobs amid sweeping cost-saving programme

Telecoms group reports £1.1bn pre-tax profit in six months to end of September and share price touches five-year high Business live – latest updates BT has cut almost 8,000 jobs since the end of March as it pushes ahead with sweeping cost reductions across the business. The telecoms group said its workforce had fallen by 7,731 to 90,000, excluding staff in its international business, which is being spun out in a joint venture with the US telecoms company Verizon. It had a workforce of about 130,000 people, including contractors, two years ago. Continue reading...

The Guardian
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Finance

Debt of poorest countries at record $9.4tn high, World Bank data shows

Cost of servicing external debt is preventing developing countries from investing for future Debt owed by developing countries rose to a record $9.4tn (£7tn) last year, with the poorest paying the highest interest rates since the late 1980s, World Bank data shows. The UK government is preparing to champion a “new drive on debt” as part of its presidency of the G20 next year – a move the prime minister, Andy Burnham, has linked to confronting the legacy of slavery. Continue reading...

The Guardian
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Science

Origin of Stonehenge’s altar remains enigma as north-east Scotland theory ruled out

Geologists say they are getting closer to solving mystery as tests suggest stone may have come from elsewhere in Scotland, northern England or even Ireland They spent countless hours on weather-battered Scottish hills, a hardy band of geologists searching for the origin of one of Stonehenge’s most intriguing features. But the prehistoric monument tends to yield its secrets reluctantly, and a new scientific report reveals that the origin of Stonehenge’s altar stone remains elusive – and the wind-whipped geologists may very well have been looking in the wrong spot anyway. Continue reading...

The Guardian
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