Business

Johnson & Johnson to stop selling talc-based powder after facing thousands of lawsuits over cancer claims

Johnson & Johnson will remove talc-based baby powder from supermarket shelves after facing thousands of lawsuits from people who claim they developed cancer after using the product. The baby powder was launched in 1894 and was once among the company’s most popular products. The company has changed the packaging over the years but it has …

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Five Chinese state-owned companies to delist from the NYSE rather than be audited by Washington

Five Chinese state-owned companies, including oil giant Sinopec, have opted to DELIST from the NYSE rather than be audited by Washington Chinese state-owned companies to delist from the New York Stock Exchange following disputes over US audit regulations Washington has warned over 270 Chinese companies of possible removal from the NYSE if Beijing continues to …

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Striking train drivers ‘here for the long haul’, says union on eve of strike | Rail strikes

A 24-hour strike by train drivers across nine operating companies will leave large parts of Britain without services on Saturday, in the latest mass action over pay and working conditions on the railways. The Aslef union warned that striking drivers were “here for the long haul”, on the eve of action that will stop most …

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Tfl to add 500 e-bikes to Santander cycle-hire scheme as costs rise | TfL

Transport for London is to relaunch its cycle-hire scheme with the addition of e-bikes next month – but will increase charges for some users to meet rising costs. The long-established initiative, which was used a record 1.3m times last month, will be boosted by 500 electric bicycles from 12 September. Users can dock the e-bikes …

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Amey bosses celebrated profits while offering below-inflation pay rises | Corporate governance

Bosses at the outsourcing firm Amey celebrated a £500m jump in revenue and £92m rise in profits even as it clashed with workers over a below-inflation pay offer that a union says “would shame Scrooge”, a video reveals. The self-described “largest strategic supplier to government” employs thousands of staff on outsourced contracts and has been …

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Sainsbury’s: Customers furious as Sainsbury’s sell cakes for ‘ludicrous’ price

The cost-of-living crisis means food prices are currently skyrocketing in Britain’s supermarkets. Many Britons have taken to social media to express their shock at the high prices. Shoppers have slammed Sainsbury’s for selling a packet of cakes for an extremely high price. The packet in question was Mr Kipling’s Chocolate Slice, which includes eight cake …

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Johnson & Johnson to stop making talc-based baby powder globally | Healthcare industry

Johnson & Johnson is to stop selling and making talc-based baby powder globally, two years after it ended sales in the US and Canada. The healthcare firm has faced tens of thousands of lawsuits from consumers who allege its talc products, including the instantly recognisable brand of Johnson’s baby powder, caused them to develop cancer. …

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Loophole that beats the ‘seven-year rule’ on inheritance tax

As the Government reaps record-breaking amounts of inheritance tax, inventive families are using insurance policies to save thousands that would otherwise be paid in death duties unusual. Everyone can pass on £325,000 before IHT is due at 40pc (there is an extra allowance for family homes). One way to mitigate IHT is to give away …

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UK economy shrank by 0.1% in three months to June | Economic growth (GDP)

Britain’s economy contracted by 0.1% in the three months to June, according to official figures that revealed the weakening outlook for the UK, which is expected to enter a recession later this year. The dip in output in the second quarter followed 0.8% growth in the first quarter and was driven by the health sector …

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