Cathay Pacific axes regional carrier and 8,500 jobs
Cathay Pacific has announced it is closing its subsidiary Cathay Dragon and cutting 8,500 jobs. Read…
Geek Retreat: Retailer of ‘all things geeky’ to open 100 new shops
From online fashion to grocery, only a handful of sectors have bucked the coronavirus downturn, and…
Visa and Mastercard accused of charging ‘excessive fees’
Visa and Mastercard have been accused of cashing in during the coronavirus crisis by charging “excessive…
China’s economy continues to bounce back from virus slump
China’s economy continues its recovery from the Covid-19 pandemic according to its latest official figures. Read…
Alibaba increases stranglehold on Chinese shoppers
Chinese tech giant Alibaba will take control of leading hypermarket and supermarket chain Sun Art Retailing.…
The Turkish lira is getting smoked, will crash to new lows due to ‘unorthodox’ policies, analysts say
Turkey’s embattled currency hit another record low on Thursday, touching 7.95 to the dollar as it…
London rules ‘put 250,000 hospitality jobs at risk’
Tougher Tier 2 Covid restrictions will put up to 250,000 jobs at risk in London’s hospitality…
EU to reject UK plea for Brexit electric car deal
The European Union is about to formally reject a UK plea for special allowances for exports…
Just Eat: McDonald’s and Greggs help boost orders by 40%
Takeaway delivery company Just Eat says its orders have grown 43% in the UK after it…
Chinese trade grows as others struggle amid pandemic
China has recorded strong growth in trade, while other major economies still struggle with the impact…
Ikea to buy back used furniture in recycling push
Ikea, the world’s biggest furniture business, is planning a second-hand furniture venture. Read more at https://www.bbc.com/news/business-54531619
UK economy cannot be fully protected, says IFS
The UK economy cannot be “fully protected” as slower growth and higher borrowing leave it with…