Tag Archives: Crisis

Cash crisis forces secondary schools in England to cut 15,000 staff

Analysis of government figures shows half of the staff lost from schools were classroom teachers. Photograph: Dave Thompson/PA Secondary schools in England have lost 15,000 teachers and teaching assistants in the last two years, resulting in bigger classes and less individual attention for pupils, according to teachers’ leaders. Unions say the job cuts are the result of £2.8bn of real-terms funding ... Read More »

Car loan timebomb fuels fears of new financial crisis as motors worth £20k are offered without any deposit

THE risks of a new financial crisis are increasing along with the size of car finance deals handed out by garages, experts warned last night. Though the number of motors bought on cheap credit is finally going down, the total lent remains the same. ALAMY Fewer cars are being bought on cheap credit This indicates customers are taking on higher ... Read More »

Samsung Galaxy Note 7 Crisis Brings Down South Korea’s Industrial Output

South Korea’s industrial output fell in October as Samsung Electronics discontinued its latest flagship Galaxy Note 7 smartphones, a government report said on Wednesday. Production in all South Korean industries dipped 0.4 percent in October as railway workers went on strikes, Xinhua news reported. Production slid further from previous months according to Statistics Korea. Samsung ending production and sales of ... Read More »

Samsung’s Galaxy Note 7 Crisis Is an Opportunity for Apple, Google

Samsung’s Galaxy Note 7 Crisis Is an Opportunity for Apple, Google Samsung Electronics Co.’s mounting crisis with its flagship Galaxy Note 7 has left millions of premium smartphone buyers looking for an alternative. The obvious candidate is Apple’s iPhone 7, but Google’s slick new Pixel device could get a lift, too. Samsung recalled and pledged to replace millions of Galaxy ... Read More »