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Tag: talks

Twitter backer IVP in talks with TransferWise

Twitter backer IVP in talks with TransferWise

Business
One of Silicon Valley's top investment firms is in talks to buy a stake in TransferWise, the digital payments app, cementing its status as one of Britain's most promising technology start-ups.Sky News has learnt that IVP, whose roll-call of deals includes Snapchat parent Snap, Twitter and Netflix, is close to a deal to invest tens of millions of pounds in TransferWise.An agreement is said by sources close to the talks to be imminent, and will form part of a fundraising by the UK-based payments platform that was revealed by Sky News a month ago.The exact sum being raised by TransferWise was unclear this weekend, although one insider said it was likely to be in the region of $ 60m, a smaller sum than had been expected several weeks ago.TransferWise is said to have held talks with a number of...
Wilko opens redundancy talks with nearly 4,000 staff

Wilko opens redundancy talks with nearly 4,000 staff

Business
High-street retailer Wilko has begun a redundancy consultation with nearly 4,000 staff members as it reorganises its business.Up to 1,000 senior supervisor roles and a "significant amount" of customer service posts will be created under the plans, the firm said.The chain, whose headquarters is in Worksop, saw pre-tax profits fall 80% to £5.1m, in the year up to 28 January.The GMB trade union is also being consulted over the changes.The firm, which sells homeware and household goods, has more than 400 stores across the UK.'Not positive results'Retail director Anthony Houghton said the changes would help it "stay relevant" to customers.He added like-for-like sales had increased "despite the challenging retail landscape", but said this was "not translating into positive results".Wilko's move
White House: conditions for North Korea talks 'far away'

White House: conditions for North Korea talks 'far away'

World
July 17 (UPI) -- White House press secretary Sean Spicer said conditions for talks with North Korea are not present in response to a question posed Monday regarding South Korean proposals for talks with the North.Spicer was fielding a question from the White House press corps, regarding Seoul's offer of talks to Pyongyang, and how President Donald Trump views the offer.The White House spokesman said the questions should be referred back to the Korean government, then added, "That being said, I think the president has made clear in the past with respect that any type of conditions that would have to be met are clearly far away from where we are now."Earlier on Monday South Korean Vice Defense Minister Seo Joo-seok announced plans for talks between the two armies, a move that could help "sto...
Trump raises hacking in 'robust' Putin talks

Trump raises hacking in 'robust' Putin talks

World
Donald Trump has finally met Vladimir Putin face to face - with mixed results. The US President robustly raised allegations that the Russians hacked last year's election, according to secretary of state Rex Tillerson.Mr Putin rejected the charges.Officials said they also disagreed over North Korea - but they did agree to a new ceasefire in southwest Syria that will see the US, Russia and Jordan end hostilities and allow humanitarian access.Their much-anticipated meeting, on the fringes of the G20 summit in Hamburg, was more than an hour and a half longer than scheduled.Image:Donald Trump's meeting with Vladimir Putin lasted more than two hoursDonald Trump may have made progress with Russia but with the rest of the G20 America has been at odds on one issue after another.He does not see eye ...
UK's expectations of Brexit talks 'unrealistic'

UK's expectations of Brexit talks 'unrealistic'

Business
The UK is unprepared and is entering Brexit talks with "unrealistic" expectations, according to a City economist.Malcolm Barr, who works for JP Morgan, one of the world's largest banking institutions, said of the Brexit negotiations: "I'm not convinced that (the UK is) really very well prepared at all, to be perfectly blunt."He told Sky's Ian King Live programme: "I think that some of the expectations which this administration has encouraged people to have about what can be delivered through the Brexit process are a little bit unrealistic, in terms of what the whole process can deliver and how quickly we can work through and actually be delivering the things we've said we want in terms of control of migration, control of our regulatory and legal structures."The idea that we're going to be ...