Israel's largest Arab party grouping said Thursday it would recommend opposition leader Gadi Eisenkot to form the next government, potentially bolstering his bid after Arab-majority lists won a record…
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...
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...