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Yahoo Google online ad agreement
Yahoo will be able to use Google’s advertising technology after the two parties agreed a deal that will also see Google ads appear on Yahoo searches in the US and Canada. “This commercial agreement provides Yahoo with the opportunity to deliver more relevant ads to users and provide advertisers and publishers with better advertising technology,” said Eric Schmidt, Google chairman and chi... more

Unemployment up by 38,000
UK unemployment rose by 38,000 in the three months to April as companies hit by the credit crunch began laying off staff, figures from the Office for National Statistics revealed. The rise took the rate of unemployment from 5.2% to 5.3% of the population, with a total of 1.64m now out of work. ... more

Firms urged to be more flexible
Companies should be more amenable to requests for flexible working as a way of easing the financial burden on employees, HR consultancy Croner has said. With fuel prices hitting new record highs and the price of oil approaching $150 a barrel, the organisation is urging to employers to help staff reduce the cost of living by allowing them to work from home more often or to alter their normal wo... more

Marketing spend mainly online
Over half of marketing budgets are now spent online, research by the e-Consultancy has revealed. The study, which was carried out on behalf of Clash-Media, revealed that 70% of companies now use search engine optimisation, paid search and email marketing to in-house lists. ... more

Manchester C-charge criticised
The Forum of Private Business has accused the government of ignoring the needs of small companies in its decision to allow the introduction of a congestion charging scheme in Manchester. The secretary of state for transport, Ruth Kelly, announced that the government would provide £1.5bn for public transport improvements to the region with the remaining £1.3bn to come from the charge. ... more

EU backs 12-week temp plan
The EU has ratified proposals by the UK to give temporary workers equal rights to permanent staff after 12 weeks in a job. The decision removes the final obstacle in a long process towards giving temps the same rights in terms of salary and sick pay, despite fears that employers would use less agency labour as a result. ... more

Sugar tops best boss list
Sir Alan Sugar is the celebrity boss most people would like to work for, according to a survey conducted by Pitman Training. The star of The Apprentice came top of the list with 36% of the vote, followed by George Clooney (25%), Jacqueline Gold and Gordon Ramsey. Bottom of the list were Amy Winehouse and Katie Price. ... more

Companies look to pay cuts
Some businesses are asking staff to take pay cuts of up to 40% in a bid to keep their companies going, according to the GMB union. The organisation told the BBC it had heard of several such cases, including a hire car driver who had been asked to take a £12,000 pay cut from his annual salary of £30,000. ... more

Network Rail hails ‘good year’
Network Rail has unveiled pre-tax profits of £1.2bn and claimed that train punctuality was at record levels. It added that the year to the end of April had been good, despite receiving a record £14m fine from the Office of Rail Regulation when engineering work over the new year period overran. ... more

Interest rates remain at 5%
The Bank of England has kept interest rates on hold at 5% in a move that had been widely predicted. Despite evidence that the economy is continuing to falter – with house prices falling by 2.4% in May – the Bank is concerned about rising inflation, which hit 3% in April as high food and fuel prices took their toll. ... more


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