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Tesco Bank to create 100 tech jobs at Edinburgh base
The company is recruiting test, software and systems engineers, systems architects, solution designers, project managers, and IT and business analysts.
A further 20 jobs will be created in Newcastle as part of a wider investment in online banking.
This is in addition to 20 roles created when Tesco Bank announced Newcastle as the home for a new "leading-edge technology hub" in November.
Tesco closed one of its Edinburgh offices in 2017 as part of a move which saw 250 customer service roles move out of the city.
The firm's office in the South Gyle area of Edinburgh is its UK headquarters.
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Sturgeon calls for powers to set up 'Scottish visa' system
The first minister wants a "tailored" approach aimed at bringing people in to offset Scotland's ageing population.
However powers over immigration are currently reserved to Westminster.
The UK government has set out some of its plans for post-Brexit migration policy, promising fast-track entry for leading scientists and researchers.
Freedom of movement between the UK and the EU is expected to end after the Brexit transition period on 31 December, with UK ministers aiming to introduce a new points-based system thereafter.
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Fuming Staff At 13 Scots Universities Set For Two Week Strike Over Pay And Pension Row
Staff at 13 universities across Scotland are to go on strike over 14 days amid disputes involving pay and pensions. University and College Union (UCU) members will take the industrial action alongside 61 institutions across the UK in February and March. The strikes are over two separate disputes, one on pensions and the other on pay and conditions.
UCU general secretary Jo Grady said: "If universities want to avoid further disruption they need to send their representatives back to the national negotiating table with solutions to deal with rising pension costs and address the problems over pay and conditions. A spokesman for Universities UK (UUK), which represents employers in the pensions dispute, said: "We regret that UCU are planning further strike action at a time when positive talks on the future of the scheme are making significant progress and are ongoing.
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Why poverty is lower in Scotland
Scotland currently has 19% of households living in poverty, the Joseph Rowntree Foundation (JRF) said.
This compares to a rate of 24% in Wales and 22% in England.
The Scottish rate has declined from 23% in the mid-1990s to a low of 18% between 2008 and 2013, before rising slightly to its current level.
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Nicola Sturgeon Shame: First Minister’s Constituency Among Most Deprived In Scotland
NICOLA STURGEON faces further embarrassment today after shock figures revealed Govanhill - an area in her parliamentary constituency - is among the most deprived places to live in Scotland. First Minister Nicola Sturgeon will now be under renewed pressure after Scottish Index of Multiple Deprivation (SIMD) revealed hundreds of her constituents in Govanhill – an area in her Glasgow Southside constituency – are among the most poverty-stricken. Shock figures in the report carried out by the Scottish Government showed Govanhill has been ranked in the 10% of ‘most deprived areas’ in income, education, housing and crime and second most deprived in employment and health.
It has been a tough week for the Scottish First Minister who came under pressure when Scottish Finance Secretary Derek Mackay was forced to resign on the same day he was to announce Scotland’s Budget after it emerged he had been texting a 16-year-old schoolboy. Earlier this week, Ms Sturgeon was also left red-faced when it came to light that the Scottish Nationalist Party had paid for a "Scotland Loves Europe" symbol to be projected on the European commission headquarters - despite hinting it was arranged by Brussels.
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Blizzards Sweep Scotland After Storm Ciara
Wintry conditions are sweeping across Scotland in the wake of Storm Ciara which battered the UK over the weekend. The Met Office has issued yellow warnings for wind and snow for most of Scotland with disruption to travel. Forecasters said that the snow and high winds would bring blizzards to many parts of Scotland throughout Monday and Tuesday. Many roads have been affected by snow and one woman has been seriously injured in a crash on the M74. The woman was involved in a collision between a lorry and two cars on the motorway at junction seven, Larkhall, shortly after 10:00 on Monday.
The official twitter feed for the bridge operators said the closures were a "precautionary measure due to risk of falling ice and snow from the cables". Traffic Scotland said it would remain closed until further notice. The diversion, via the Kincardine Bridge, adds approximately 26 miles to the journey.
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Kate Forbes appointed new Scottish finance secretary
The 29-year-old became the first woman to set out a budget at Holyrood or Westminster when she stepped in for Mr Mackay earlier this month. In a reshuffle of Nicola Sturgeon's cabinet, Fiona Hyslop will now take on extra responsibility for the economy. Jenny Gilruth has joined the government as Europe minister.
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HSBC To Axe 35,000 Jobs As Profits Plunge
HSBC has announced 35,000 job cuts after profits fall by 33 per cent. The company announced 4,700 job cuts from its then workforce of 238,000 in August. It came after the bank reported a 33 per cent fall in pre-tax profit for 2019 to £10.2 billion, below analysts' expectations and those of its own chief executive, reports the Mirror. Chief executive Noel Quinn said: "As we pursue our plan to deliver greater value for our customers and shareholders, we will continue to seek to grow the parts of the business where we are strongest. Profits were hit by "a goodwill impairment" of £5.6 billion. "This arose from an update to long-term economic growth assumptions, which impacted a number of our businesses," HSBC's annual results statement said. Quinn said more was expected of the company. Quinn said he and his team had begun implementing a plan to "increase returns for investors, create the capacity for future investment, and build a platform for sustainable growth". The restructure involves "consolidating" of some parts of the business and "reorganising the global functions and head office".
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Unemployment in Scotland falls by 14,000 to 96,000
The unemployment rate for people aged 16 and over now stands at 3.5%, compared with 3.8% for the UK as a whole. Meanwhile, the Office for National Statistics (ONS) said the number of people aged 16 and over in employment rose by 37,000, to stand at 2,680,000.
Scotland's employment rate of 75% was below the UK figure of 76.5%. The increase in employment came as average weekly wages in the UK returned to pre-economic crisis levels for the first time since March 2008. Weekly pay reached £511 in the three months to December - the last time they were this high, after adjusting for inflation, was before the downturn.
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'We never knew how dangerous Loch Lomond was'
The family of a "one in a million" teenager who drowned in Loch Lomond have pleaded for lessons be be learned from his death.
Connor Markward, 16, lost his life at the beauty spot near Balloch Country Park three weeks ago.
He had been enjoying a day out with friends - oblivious to the dangers of the water he was swimming in.
Now his grieving loved ones are calling for a safety campaign in schools to prevent a future tragedy.
Connor's sister Claire Lindsay, 35, said: "I never knew how dangerous Loch Lomond was. You don't understand until it happens to you.
"We are so heartbroken. He had a heart of gold."
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