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 successful Christmas was more important than
Chancellor Kwasi Kwarteng will deliver a mini Budget on September 23 after MPs agreed to delay the start of their “party conference recess”. Kwarteng will commit Liz Truss’s government to a radical programme to boost the UK’s growth rate, including deregulation and tax cuts.Truss, who will
The UK competition regulator has opened an in-depth investigation into Microsoft’s $75bn acquisition of video game maker Activision Blizzard, the creator of blockbuster Call of Duty. The Competition and Markets Authority on Thursday referred the tie-up for a phase 2 probe, having raised concerns that the
Adobe has agreed to buy business-to-business design company Figma for $20bn in cash and stock, as the software giant looks to bolster its creative tools offering. San Francisco-based Figma, founded by Dylan Field and Evan Wallace in 2012, allows software developers and designers to collaborate remotely
BW FILE PHOTOTHE PHILIPPINES’ balance of payments (BoP) deficit could end this year wider than initially expected due to darker global growth prospects that have caused weaker demand.The Bangko Sentral ng Pilipinas (BSP) announced its revised BoP projections for 2022 and 2023 approved during the
Singapore-based e-commerce company Etaily announced on Sept. 15 that it was partnering with Century Pacific Food, Inc. (CPFI) to help grow Goodest, a pet food range that contributes 25% to CPFI’s e-commerce business despite representing only 0.5% of its consumer packaged goods business.And according to
In your quest for media traction you’ve now worked out your identity and inherent personality through your God-given face, you’ve handpicked, culled and pruned your associates, you’ve established and weighted the hierarchy of your ‘doing selves’, and expertly blended a potpourri of gestures, intonations and
STOCK PHOTOBERLIN – 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.By the end of 2023,
STOCK PHOTO | Image by Alexandra von Gutthenbach-Lindau from PixabayOSLO – 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
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 when it takes a final decision
STOCK PHOTO | Image by Stefan Schweihofer from PixabayLONDON – 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
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 – the largest monthly drop since December
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