John Lewis has again warned its staff there may not be a bonus this year, citing a “uniquely uncertain” economic outlook. In her letter to more than 70,000 partners, who own the business, chair Dame Sharon White said that a ...
LONDON – The pound on Friday tumbled to a fresh 37-year low on the U.S. dollar, and a 17-month trough on the euro, after weaker-than-expected figures of retail sales added to worries about the health of Britain’s economy. The pound ...
LONDON – Europe’s medicines regulator has backed using AstraZeneca‘s preventative COVID-19 therapy as a treatment for the disease and also endorsed another medicine as preventative option for another common virus. The regulator‘s recommendations are usually followed by the European Commission ...
OSLO – Norway‘s government on Friday presented a long-awaited package of loans and subsidies to reduce the impact of sky-high power prices for businesses, joining other European countries seeking to ease the energy crunch. Governments across the region have been ...
BERLIN – Russia’s economy is not likely to return to pre–war levels before the end of this decade as the Ukraine war and stricter sanctions worsen long-standing economic deficiencies, Scope Ratings said in a report seen by Reuters on Friday. ...
A Las Vegas-led consortium is pushing to buy A.F.C Bournemouth, the PA news agency understands. The club’s owner, Maxim Demin, is thought to be weighing up whether to sell, with US investors ready to pay £150m. An American takeover at ...
Consumers are racing to exchange their old paper banknotes for new plastic versions, just over a fortnight before they cease to be legal tender at the end of September. The Bank of England has warned people to expect long queues ...
Uber said on Thursday it is responding to a cybersecurity incident, after the New York Times reported that a hack had breached the company’s network and forced it to take several internal communications and engineering systems offline. A hacker compromised ...
Retail sales fell by much more than expected in August as the cost of living crisis dragged on demand for both essential and non-essential goods. Figures from the Office for National Statistics (ONS) showed volumes 1.6% down on July – ...
Uber Technologies Inc. said on Thursday it is responding to a cybersecurity incident, after a media report that its network was breached with the ride-hailing company taking several internal communications and engineering systems offline. A hacker compromised an employee’s workplace ...