5 Things You Need To Know, Today, on Wednesday 12th June 2019
Justin Waite
5 Things You Need To Know
05:07, 12th June 2019

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5 Things You Need To Know, Today, on Wednesday 12th June 2019

5. Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals.

The insurer said it would use a managed blockchain system launched by Amazon Web Services (AWS) to handle bulk annuities, which involve Legal & General taking over companies’ defined benefit or final salary pension schemes.

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4. Uber has has selected Melbourne as the third pilot city for its air taxi programme, joining Dallas and Los Angeles.

Test flights are due to start from 2020, with the aim of launching commercial operations from 2023.

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3. Landlords and other creditors will meet today to vote on revised proposals to save Sir Philip Green's Arcadia retail empire, which include the brands Topshop, Miss Selfridge, Burton, Dorothy Perkins, Evans and Wallis.

Sir Philip has warned that Arcadia could fall into administration if the new proposals are not approved.

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2. Greenhouse gas emissions in the UK will be cut to almost zero by 2050, under the terms of a new government plan to tackle climate change.

Britain is the first major nation to propose this target - and it has been widely praised by green groups.

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1. Wage growth beat expectations in the three months from February to April rising by 3.4%.

The unemployment rate remained at 3.8%, and has not been lower since the October to December 1974 period.

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