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Tag: boost

Ford to boost investment in electric cars by 2022

Ford to boost investment in electric cars by 2022

Technology
Ford says it will boost its investment in electric vehicles to $ 11bn (£8bn) in the next five years, more than doubling a previous commitment. Chairman Bill Ford said the car maker would have 40 hybrid and fully electric vehicles in its range by 2022.It comes as countries around the world put more pressure on car makers to rein in carbon emissions.General Motors, Toyota and Volkswagen have already outlined ambitious plans to offer more electric vehicles. Speaking at the Detroit Auto Show on Sunday, Mr Ford said the focus would be on electrifying existing Ford models without naming any specific cars. He said the firm would offer 16 fully electric vehicles by 2022 and 24 plug-in hybrids. Mr Ford told reporters: "We're all in on this and we're taking our mainstream vehicles, our most iconic v
Citigroup plans to boost pay this year to address inequality among female and minority workers

Citigroup plans to boost pay this year to address inequality among female and minority workers

Finance
Citigroup will increase compensation for women and minorities to bridge pay gaps in the United States, the United Kingdom, and Germany, as part of its annual pay process this year, the Wall Street bank said on Monday.Citi said it had conducted a survey in the three countries, where it found that women and minorities are paid slightly less than men and non-minorities, respectively.Compensation would be raised based on the pay gaps identified in the survey, Citi spokeswoman Jennifer Lowney said.Citi, along with other U.S. banks and credit card companies, had been under investor pressure to disclose the gender pay gap.The company's activist investor Arjuna Capital asked Citi's shareholders last year to vote in favor of a proposal requiring the bank to address the gender pay gap."Women are pai...
Boost for Sainsbury's after Christmas sales rise

Boost for Sainsbury's after Christmas sales rise

Business
Sainsbury's has upgraded its profit outlook after reporting a 1.1% rise in like-for-like sales over the Christmas period.The supermarket group, which also owns Argos, was lifted by growth in grocery and clothing sales though general merchandise revenues were down for the 15 weeks to 6 January, in what was described as a "challenging" market.It appeared to mirror a trend across the sector for squeezed households to focus on essentials such as food while cutting back on presents and other non-food items.Sainsbury's said it remained cautious about the consumer environment but that, thanks to better than expected savings following its 2016 takeover of Argos, full year profits should be "moderately" ahead of market expectations.Shares were up more than 2% in early trading.Chief executive Mike C...
Black Friday delivers retail sales boost

Black Friday delivers retail sales boost

Business
Black Friday helped retail sales grow by a better-than-expected 1.1% last month, official figures show.Electrical household appliances were a key factor in boosting sales.The figures appeared to allay some of the gloom surrounding the high street as rising inflation eats into household income, shaking consumer confidence.The growth reported by the Office for National Statistics (ONS) beat the average expectation of economists that sales volumes compared to the previous month would increase by just 0.4%.ONS senior statistician Rhian Murphy said: "Household goods stores had a good November, with a number of businesses saying that Black Friday promotions boosted sales."The 1.1% growth in November was the strongest monthly figure since April. The ONS also revised up October's reading from 0.3%...
Breakthrough could boost immune system's defense against cancer

Breakthrough could boost immune system's defense against cancer

Health
Dec. 11 (UPI) -- Scientists have discovered a new function of a protein called Runx3. Their research suggests the protein can be manipulated to boost the immune system's defense against cancer.The human immune system's primary foot soldier is the T cell. Scientists at the University of California San Diego found T cells in infected tissues and tumors were surprisingly similar. Experiments showed Runx3 dictates their presence.Scientists suggest the protein can be used to encourage T cells to meet cancer on the front lines -- in the tissue where cancer and tumor growth is most likely to begin.Scientists detailed their breakthrough in the journal Nature."At this time, we are seeing great promise in treating cancer stemming from approaches that exploit the immune system to target tumor cells a...