Business News
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UPS claims $170,000 annual US driver compensation and benefits.
UPS has warned that its profits will be lower than anticipated this year, due in part to the wage increases ...
Gordon Brothers considers Wilko rescue.
The Laura Ashley brand owner negotiates a deal to salvage the general retail company, threatening up to 12,000 jobs. A ...
Italian banks subject to unexpected surplus tax
Shares fell as Italy imposed a 40% one-time levy on bank profits from rising interest rates. Increased interest rates have ...
HSBC executive regrets calling UK ‘weak’ over China.
The director of HSBC’s public affairs department has issued an apology after accusing the British government of being “weak” in ...
Zoom orders employees to return to the office
The company Zoom, whose name became synonymous with remote work during the pandemic, has ordered its employees to return to ...
The US labour market remains stable despite rate hikes.
Last month, employment remained stable in the United States, bolstering expectations that the economy will avoid a painful downturn. Similar ...
Shawbrook to merge with Co-operative Bank for £3.5bn
Shawbrook, a small business lender supported by private equity, has proposed a stock-based merger with the Co-operative Bank. One of ...
Wilko homewares retailer on the verge of catastrophe
Wilko, a British homewares retailer, has warned that it is on the verge of bankruptcy, placing 12,000 jobs at risk. ...
Pakistan and Iran develop a five-year plan with a $5bn trade objective
Thursday, Pakistan and Iran established a five-year trade cooperation plan with a $5 billion bilateral trade goal. The two countries ...
Interest rates: No decrease until ‘solid proof’ price gains slow – Bank boss
The head of the Bank of England has stated that interest rates will not be lowered until there is “solid ...
Gatwick Airport strikes ended when workers accepted 10.3% wage increase.
About 1,000 employees, including luggage handlers and check-in clerks, had planned summer industrial action. The final round of threatening strikes ...
Treasury picks watchdog complaints czar.
The appointment of a commissioner responsible for investigating complaints against City and financial watchdogs will be reclaimed by ministers. Treasury ...