Thursday , January 19 2017

Ray-Ban maker Luxottica agrees €46bn merger with Essilor

Luxottica, the world’s biggest glasses maker, has agreed a huge merger with a rival eyewear firm. The Italian eyewear designer, which owns Ray-Ban and Oakley, is to merge with French lens maker Esillor. Combined, the two firms will be worth about €46bn (£40bn; $49bn). The deal will also help to …

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China media: Trump ‘playing with fire’ on Taiwan

A Chinese state-owned paper has blasted Donald Trump for “playing with fire” after the US president-elect appeared to question the One China policy again. The broadside by China Daily is the latest in a series of rebukes by China’s government and state media. Mr Trump said in an interview on …

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30 police officers are leaving the PSNI every month

Northern Ireland retailers had a bumper Christmas, a bank survey has suggested. The Ulster Bank surveys private sector activity every month, in what is considered a reliable indicator of the economy. It shows that in December the retail sector had its sharpest monthly increase in business activity in more than …

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30 officers leaving PSNI every month – Police Federation

30 police officers are leaving the PSNI every month, according to the Police Federation for Northern Ireland (PFNI). The organisation has claimed a “freeze” on recruitment is putting policing at risk. It said the reduction in officers will “increase pressure on colleagues, impact on health and lead to a deterioration …

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Union warns ‘stealth cuts’ hitting school cleaning

Cuts in school support staff mean some schools may not be thoroughly cleaned, a union has claimed Research by Unison found that 1,841 jobs supporting teachers in schools have gone over the past seven years. The posts include those of classroom assistants, technicians, cleaners and librarians. Council umbrella group Cosla …

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Aberdeen freezes pay for high earners

Aberdeen Asset Management has frozen salaries for high earners after a difficult year for Europe’s third-largest listed investment company, which recorded nearly £33 billion ($39 billion) of net outflows in the 12 months to the end of September. The Scottish fund house, which disclosed the pay freeze for employees earning …

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