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Tag: services

Brexit services plan will speed up relocation, says Lloyd's boss

Brexit services plan will speed up relocation, says Lloyd's boss

Business
Media playback is unsupported on your device The Lloyd's of London chief says the government's plan for relations with the EU after Brexit will speed up the departure of firms from the UK.Inga Beale told the BBC the White Paper would see the 300-year old insurance market go "full speed ahead" to set up its subsidiary in Brussels - and spur others on as well. Service sector groups say the plan will affect employment and is a "real blow".However, non-services groups were more positive.Services, including banks, insurance companies and investment firms, make up 80% of the UK economy and are one of its most successful exports to the EU.The government wants UK financial services in future to adopt a beefed-up version of a system already used by cer...
YouTube's paid music and video services come to UK

YouTube's paid music and video services come to UK

Technology
YouTube is expanding its subscription-based music and video services to the UK and a further 11 countries.The "premium" facilities strip ads from the platform's content and allow it to be downloaded rather than just streamed.The music service is priced at the same rate as Spotify, Apple Music and Tidal's basic service.However, the wider video content - which supersedes YouTube Red - is available only at an additional cost.It includes about 65 series - including several exclusives featuring popular YouTube video-creators - with the promise of a new addition on roughly a weekly basis.However, it costs £11.99 a month for individuals or £17.99 for a family plan, which is significantly more than either Netflix or Amazon Pr...
Northrop wins more than $81.2M for Hawkeye services

Northrop wins more than $81.2M for Hawkeye services

Business
June 8 (UPI) -- Northrop Grumman was awarded two contracts from the Department of Defense on Thursday for services in support of the E-2 Hawkeye aircraft. The contract award from Defense Logistics Agency Aviation is valued at more than $ 81.2 million between two contracts that enable Northrop Grumman to provide power amplifier modules and high-voltage power supplies to the E-2 Hawkeye aircraft, according to Defense Department contract announcements Thursday. Currently, the U.S. military uses the E-2D Advanced Hawkeye version of the aircraft, which is designed for all-weather, tactical airborne early warning detection that is capable of deploying from an aircraft carrier. Work on the contracts will occur in Florida and is expected to be complete in June 2023 for use by the U.S. Navy. Navy...
TSB takes down digital services after upgrade fail

TSB takes down digital services after upgrade fail

Business
TSB has taken down its mobile app and online banking service after a botched IT upgrade and apparent data breach.The meltdown left the lender, which has five million customers, and its chief executive Paul Pester, under intense scrutiny after days of disruption which has left account holders in the dark over their finances.Appearing on Sky's Ian King Live, Mr Pester said he apologised "profusely" to those affected but declined the opportunity, when asked, to offer to give up his bonus, saying that was a matter for the bank's remuneration committee.He also insisted that "for the vast majority of our customers things are running very smoothly".TSB's digital banking services were taken offline at 10.30am and were initially intended to be back later on Tuesday afternoon.But by that evening the...
Bell tapped for services to support MQ-8 Fire Scout

Bell tapped for services to support MQ-8 Fire Scout

Business
March 19 (UPI) -- Bell Helicopter has been awarded a contract by the U.S. Navy for three Bell 407 variant commercial airframes in support of the MQ-8 Fire Scout unmanned aerial system.The deal, announced Friday by the Department of Defense, is valued at more than $ 9.8 million under the terms of an indefinite-delivery, indefinite-quantity contract.The agreement between Naval Air Systems Command and Bell Helicopter Textron Inc. enables the company to provide up to three Bell 407 variant commercial airframes and associated Bell 407 unique components, the Pentagon said.Additionally, the contract will provide for preservation and storage of the MQ-8 Fire Scout, a Northrop Grumman-manufactured unmanned autonomous helicopter used for reconnaissance, aerial fire support and other naval missions.W...