Tuesday newspaper round-up: Steel industry, Sainsbury's, Japan investment
Theresa May did not raise concerns about Chinese overproduction of steel, which has been blamed for crippling the British steel industry, in her first meeting with China’s president, Xi Jinping. During a half-hour bilateral on Monday, immediately after the G20 summit in the country, the prime minister avoided the controversial subject that overshadowedXi’s visit to the UK last year at a time when the industry was in crisis. Thousands of workers at Port Talbot and other plants are still facing an uncertain future. – Guardian
Sainsbury’s is to open mini-Habitat shops and more than double the number of Argos outlets in its supermarkets by Christmas after finalising its £1.4bn takeover of Home Retail Group. The supermarket said it would open 30 new Argos outlets, joining the 20 that have been trading for more than a year, as it kicks off the integration of its new acquisition. – Guardian
Japan’s companies could flee the UK post-Brexit, the country’s government has warned, if Britain is cut off from Europe and the world. The bold statement does not reflect the public aims of Britain’s leaders nor those of the EU, but Japan’s warning reflects worries over the potential shock to global trade if ties with other nations are severed altogether. – Telegraph
Britain’s biggest and most toxic nuclear waste site is facing fresh questions over its safety after allegations that staffing levels are frequently too low and that radioactive waste is being stored in degrading plastic bottles. If a fire were to break out at the Sellafield site in Cumbria, it could “generate a plume of radiological waste that will go across Western Europe”, one whistleblower claims in a BBC Panorama documentary. –Telegraph
For years women have been told to “lean in” at work, to be more assertive about securing pay rises and promotions. Now it turns out that they have been leaning in so hard it’s a wonder they don’t fall over. Yet they are still less likely than men to get a salary increase when they ask. Women demand wage rises as often as men, but men are 25 per cent more likely to succeed, according to research from the Cass Business School, the University of Warwick and the University of Wisconsin. – The Times
Jes Staley has dipped once again into the senior talent pool at JPMorgan Chase, his former employer, as the Barclays chief executive tries to build a coterie of trusted lieutenants. Mr Staley, who spent 34 years at the American investment bank, has recruited Tim Throsby as head of Barclays’ corporate and international division. Mr Throsby will join its executive committee and will report directly to Mr Staley. – The Times
Theresa May did not raise concerns about Chinese overproduction of steel, which has been blamed for crippling the British steel industry, in her first meeting with China’s president, Xi Jinping. During a half-hour bilateral on Monday, immediately after the G20 summit in the country, the prime minister avoided the controversial subject that overshadowedXi’s visit to the UK last year at a time when the industry was in crisis. Thousands of workers at Port Talbot and other plants are still facing an uncertain future. – Guardian
Sainsbury’s is to open mini-Habitat shops and more than double the number of Argos outlets in its supermarkets by Christmas after finalising its £1.4bn takeover of Home Retail Group. The supermarket said it would open 30 new Argos outlets, joining the 20 that have been trading for more than a year, as it kicks off the integration of its new acquisition. – Guardian
Japan’s companies could flee the UK post-Brexit, the country’s government has warned, if Britain is cut off from Europe and the world. The bold statement does not reflect the public aims of Britain’s leaders nor those of the EU, but Japan’s warning reflects worries over the potential shock to global trade if ties with other nations are severed altogether. – Telegraph
Britain’s biggest and most toxic nuclear waste site is facing fresh questions over its safety after allegations that staffing levels are frequently too low and that radioactive waste is being stored in degrading plastic bottles. If a fire were to break out at the Sellafield site in Cumbria, it could “generate a plume of radiological waste that will go across Western Europe”, one whistleblower claims in a BBC Panorama documentary. – Telegraph
For years women have been told to “lean in” at work, to be more assertive about securing pay rises and promotions. Now it turns out that they have been leaning in so hard it’s a wonder they don’t fall over. Yet they are still less likely than men to get a salary increase when they ask. Women demand wage rises as often as men, but men are 25 per cent more likely to succeed, according to research from the Cass Business School, the University of Warwick and the University of Wisconsin. – The Times
Jes Staley has dipped once again into the senior talent pool at JPMorgan Chase, his former employer, as the Barclays chief executive tries to build a coterie of trusted lieutenants. Mr Staley, who spent 34 years at the American investment bank, has recruited Tim Throsby as head of Barclays’ corporate and international division. Mr Throsby will join its executive committee and will report directly to Mr Staley. – The Times