Image copyright Getty Images Women have been hardest hit by the wave of job losses that has swept the retail industry since 2011, a study from the Royal Society of the Arts has found. Of the 108,000 retail jobs lost to automation and ecommerce, 70% were among female employees, it found. The think tank also […]
‘Women hit hardest by High Street job losses’ Read More »
Image copyright Reuters Image caption The company has made billions from products like painkiller OxyContin Drug-making giant Purdue Pharma has reportedly reached a tentative multi-billion dollar agreement in the US to settle a host of lawsuits against it. The firm owned by the billionaire Sackler family is accused of helping fuel the US opioid crisis
Purdue Pharma ‘reaches tentative agreement’ to settle opioid cases Read More »
Media playback is unsupported on your device Media captionMike Ashley tells the BBC’s Emma Simpson his strategy is to take Sports Direct upmarket Mike Ashley has defended Sports Direct’s strategy and said he still has faith in High Street retail. “It’s going to be a lot smaller pond, but the fish are going to be
Mike Ashley: I want to be one of the big fish Read More »
Image copyright Getty Images Image caption T Boone Pickens in 2016 US businessman T Boone Pickens, a Texas energy investor known for his folksy speech and ruthless business practices, has died at age 91. Mr Pickens, whose activism on behalf of shareholders was legendary, closed his BP Capital energy hedge fund last year, citing declining
T Boone Pickens, legendary US oilman, dies at 91 Read More »
Image copyright Getty Images US President Donald Trump has announced that his administration will ban flavoured e-cigarettes, after a spate of vaping-related deaths. Mr Trump told reporters vaping was a “new problem”, especially for children. US Health Secretary Alex Azar said the Food and Drug Administration (FDA) would finalise a plan to take all non-tobacco
Trump plans ban on sale of flavoured e-cigarettes Read More »
Image copyright Getty Images China has released a list of 16 US imports that will be exempted from tariffs in the ongoing trade war between the world’s two largest economies. They include anti-cancer drugs and animal feed. But with more than 5,000 products on it, the list of goods that are still subject to extra
China scraps some US tariffs ahead of trade talks Read More »
Image copyright Reuters The company that owns Hong Kong’s main stock exchange has made a £32bn bid to buy its rival in London. Shares in the London Stock Exchange Group jumped by more than 15% on news of the offer, but fell back later. Hong Kong Exchanges and Clearing said in a statement that combining
London Stock Exchange gets £32bn Hong Kong bid Read More »
Image copyright Getty Images Mike Ashley will face shareholder unrest again at Sports Direct’s meeting with investors on Wednesday. Some major investors believe founder Mike Ashley, who owns more than 62%, has too much control over the retailer. One investor said there had been several “strange missteps” at the firm, including the House of Fraser
Sport Direct’s Mike Ashley faces shareholder unrest at annual meeting Read More »
Image copyright Sarah King Image caption Sarah King is now a fashion blogger Like many teenagers, Sarah King used to buy a new outfit every few weeks to try and keep up with the latest trends. “When I was 16 or 17 I would buy a new outfit for a party and on every payday,
The bizarre fabrics that fashion is betting on Read More »
Image copyright Getty Images Lawmakers in California have passed a law that paves the way for gig economy workers to get holiday and sick pay. Assembly Bill 5, as its known, will affect companies such as Uber and Lyft, which depend on those working in the gig economy. Some estimates suggest costs for those firms
California passes landmark gig economy rights bill Read More »
