Business News
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FTX: Collapsed crypto behemoth recovers $5bn.
A lawyer for the defunct cryptocurrency exchange FTX believes that more than $5 billion (£4.1 billion) in assets have been ...
Tesco CEO predicts food inflation as big retailers report Christmas advances.
Asos and Halfords are among the retailers who experienced a difficult holiday season due to a decline in discretionary spending, ...
Liberty Steel blames “unviable” market as restructuring threatens hundreds of jobs.
Instead of laying off employees, the corporation proposes to retain them, but under new conditions. Liberty Steel UK has put ...
Goldman Sachs cuts 3200 positions, including UK personnel, to decrease costs.
Employees of the international financial services corporation based in the United States await their fate as the investment bank launches ...
World Bank warns of global recession
The world economy is perilously close to entering a recession, according to the World Bank’s most recent projection. It predicts ...
Unions say pay settlements to avoid rail strikes are “far way off.”
If more national strikes are to be prevented, according to union officials, there is still plenty to negotiate. Mick Lynch, ...
Cost of living: Uniqlo will increase Japanese wages by 40%.
The owner of the Japanese fashion brand Uniqlo has announced a wage increase of up to 40 percent for employees ...
Goldman Sachs begins major layoffs.
In response to decreasing profitability, investment behemoth Goldman Sachs has initiated a large round of layoffs across the globe. The ...
Consumer expenditure numbers confirm the UK’s recession.
The value of December spending fell short of the pace of inflation, according to two highly followed surveys on the ...
Amazon UK warehouse reorganisation threatens 1,200 jobs
The U.S. technology company plans to replace three aging warehouses with two large fulfillment centers and acknowledges that it will ...
Christmas sales climb 25% for Lidl, boosting cost of living.
As cash-strapped households sought cheaper food bills, the chain gained more than one million consumers throughout the holiday season. According ...
US farmers get John Deere repairs
John Deere has agreed to allow its U.S. customers to perform their equipment maintenance. Before this change, farmers were only ...