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Tag: promises

Liberty Steel tycoon Sanjeev Gupta promises workers ‘no plants will close under my watch’

Liberty Steel tycoon Sanjeev Gupta promises workers ‘no plants will close under my watch’

Business
Liberty Steel tycoon Sanjeev Gupta has promised thousands of UK workers facing uncertainty after the collapse of lender Greensill that he will not close any of its plants.In an interview with Sky News, Mr Gupta gave a bullish assessment of prospects for the business - while admitting the collapse was a "shock to the system". He said his business empire had already been in the process of switching away from Greensill as a source of financing and that his only regret was not doing so earlier. Image: The Liberty plant at Rotherham is part of Mr Gupta's steel empire In comments directed at Liberty Steel's 3,000 UK workers, Mr Gupta said: "I will not give up on you. You are my family."Under my watch, none of my steel plants will close, I p...
Google promises to drop personalised ad tracking

Google promises to drop personalised ad tracking

Technology
Getty ImagesGoogle has promised not to develop any new way of tracking individual users for adverts once it phases out its current method. The tech giant is one of the world's largest advertising sellers and also owns the world's most popular web browser, Chrome. But it is following other browser providers by eliminating third-party tracking cookies. That move is already being looked at by the UK's competition authority. The Competition and Markets Authority said in January that Google's plan to remove the cookies - which would effectively share less information with advertisers - could have a "significant impact" on the advertising market and news websites. One group of marketers opposed to the idea claims that Google will gain an advantage by eliminating such cookies, because it has othe...
Interior Department promises help for coal communities

Interior Department promises help for coal communities

Business
March 1 (UPI) -- The Biden administration announced Monday more than $ 260 million available to assist communities struggling with the decreased demand for coal. The Interior Department said more than $ 152.22 million is now available through the Surface Mining Control and Reclamation Act's Abandoned Mine Land grant program. The department said it will also distribute $ 115 million through the Abandoned Mine Land Economic Revitalization grant program. Advertisement "The Abandoned Mine Land grant programs provide an important opportunity to revitalize local economies, support jobs and address environmental impacts to communities from these legacy developments," the Interior Department's Principal Deputy Assistant Secretary Laura Daniel Davis said in a statement. Sen. Joe Manchin, D-W.V., c...
Climate change: Carbon emission promises ‘put Earth on red alert’

Climate change: Carbon emission promises ‘put Earth on red alert’

Science
Getty ImagesThe world will heat by more than 1.5C unless nations produce tougher policies, a global stocktake has confirmed.Governments must halve emissions by 2030 if they intend the Earth to stay within the 1.5C “safe” threshold. But the latest set of national policies submitted to the UN shows emissions will merely be stabilised by 2030.The UN Secretary-General, António Guterres, called it a red alert for our planet. He said: "It shows governments are nowhere close to the level of ambition needed to limit climate change to 1.5 degrees and meet the goals of the Paris (Climate) Agreement. "The major emitters must step up with much more ambitious emissions reductions targets."Rejoining Paris sets ambitious climate goal for BidenChancellor 'must use Budget to make finance green'West Anta...

Biden says $15 minimum wage won’t survive Covid relief talks, promises to push for pay hike later

Finance
President Joe Biden speaks delivers a foreign policy address during a visit to the State Department in Washington, February 4, 2021.Tom Brenner | ReutersPresident Joe Biden said this weekend that it is unlikely a $ 15 federal minimum wage provision makes it into the next Covid-19 relief package, hitting pause on a key campaign promise as Democrats in Congress press ahead to pass $ 1.9 trillion in stimulus without Republican support. Biden said his administration would push for a stand-alone bill to raise the minimum wage."I put it in but I don't think its going to survive," Biden told CBS' Norah O'Donnell in an interview scheduled to air in full on Sunday. "My guess is it will not be in [the stimulus bill]."Democrats in Congress have moved to pass the $ 1.9 trillion stimulus package wit...