News: Money

Beer and big TVs: World Cup fever gives retail boost

Wednesday  14:06,   11 july 2018

Demand for beer, barbeques and big-screen televisions ahead of the World Cup lifted retail sales last month. The British Retail Consortium (BRC) said like-for-like sales increased by 1.1% in June, compared to 1.2% in the same month a year ago.[...]
News / Money

Donald Trump: UK is in turmoil

Wednesday  12:00,   11 july 2018

Donald Trump: UK is in turmoilDonald Trump has said the UK is in "turmoil" and suggested his meeting with Vladimir Putin may be "the easiest" out of a list of coming engagements, which will kick off with the Nato summit[...]

Even after all the store closures, Mothercare's position still looks precarious

Wednesday  11:08,   11 july 2018

Even after all the store closures, Mothercare's position still looks precariousLike struggling retail counterparts Carpetright, New Look and House of Fraser, Mothercare hopes that store closures through a Company Voluntary Arrangement (CVA) –[...]

Donald Trump’s Chauffeur Is Suing Him for 3,300 Hours of Unpaid Overtime

Wednesday  03:10,   11 july 2018

Donald Trump’s Chauffeur Is Suing Him for 3,300 Hours of Unpaid OvertimeNoel Cintron, who is listed in public records as a registered Republican, sued the Trump Organization for about 3,300 hours of overtime that he says he worked in the past six[...]

Hundreds of jobs to go as Poundworld swings the axe on 25 stores

Tuesday  16:20,   10 july 2018

The discount retailer went bust last month.Poundworld went bust last month and Deloitte, which is overseeing the process, has been attempting to secure a buyer for the business ever[...]

Britain's economy grew by 0.3% in May

Tuesday  16:09,   10 july 2018

The UK economy bounced back from near stagnation in May, driven by the services sector as manufacturing contracted.  Gross domestic product grew by 0.3% month-on-month and 0.2% in the three months to May, the Office for National Statistics[...]

Alexa makes decision-making easier than ever—by making your choices for you

Tuesday  15:00,   10 july 2018

There’s no stopping voice technology. eMarketer forecasts that 57 million US adults will use a smart speaker at least once a month this year, such…It doesn’t stop there. Another report says that by 2020, half of all searches will be done by voice.[...]

Boris Johnson's Lesson For Populists Everywhere

Tuesday  13:41,   10 july 2018

Promising to get the EU to change is easy, delivering that change is almost impossible. (Bloomberg Opinion) -- Boris Johnson and David Davis, Britain’s freshly departed Brexiteer ministers, are a cautionary tale for anti-establishment[...]

In an Uncertain Global Economy, Turkey May Be the Most at Risk

Tuesday  13:22,   10 july 2018

The country is sliding toward crisis as its currency plunges, corporate debts increase and an autocratic president undermines faith in institutions.The project is expected to cost nearly $12 billion and carve six runways across a swath of land as[...]

YouTube invests $25 million to fix its breaking news problem

Tuesday  13:15,   10 july 2018

Google is showering more attention on YouTube as part of its effort to fight fake news. The improvements also involve refining the way YouTube tackles news going forward. It's spending $25 million on an initiative that will create a working [...]

It's official! Microsoft announces $399 Surface Go tablet with accessories

Tuesday  13:11,   10 july 2018

It's official! Microsoft announces $399 Surface Go tablet with accessoriesThe company is targeting Apple iPad users and Chromebook users with this device that starts at $399. It is a 10-inch touchscreen tablet that, at first blush, looks like a[...]

Ryanair 'pulls out all stops' in bid to beat the pilots' strike

Tuesday  13:01,   10 july 2018

Ryanair 'pulls out all stops' in bid to beat the pilots' strikeSources said the company may fly in cockpit crew from bases abroad to fill gaps when its directly employed Irish-based pilots mount pickets in a row over better[...]

Tesco's UK boss Charles Wilson to step down after throat cancer diagnosis

Tuesday  12:31,   10 july 2018

The head of Tesco UK, Charles Wilson, will step down from the company board after being diagnosed with throat cancer in April. Wilson is set to remain on the executive committee, focusing on the the Booker part of the business.'Following an[...]

ICAP axes chief executive and blames Brexit costs for earnings hit

Tuesday  12:31,   10 july 2018

Shares in the interdealer broker slumped as much as 33% after the shock announcement.The group – the world’s biggest interdealer broker – said boss John Phizackerley had left with immediate effect and has been replaced by Nicolas Breteau, the[...]

Nissan admits emissions data falsified

Tuesday  12:16,   10 july 2018

Japanese automaker Nissan says it found emissions and fuel economy data had been falsified at most of its factories in Japan. Nissan said data had been deliberately "altered" although the company did not say how many cars had been affected.The[...]