Asda charters cargo ship with festive items amid supply chain crisis
Asda has revealed it chartered its own cargo ship to ensure key festive items such as toys, clothing and decorations reach its stores, in the latest example of the extreme measures retailers are taking to mitigate pre-Christmas supply chain problems. The
Goods shipped directly from Ireland to EU up by 50% in six months
Volumes of goods shipped directly from Ireland to the EU on new Brexit-busting ferry routes have rocketed by 50% in the past six months as exporters seek to avoid travelling across land through Great Britain, according to official data. Figures published
15 million UK consumers are buying now but paying later
Almost 15 million consumers are using buy now, pay later credit, up by nearly a quarter from a year ago. Twenty-eight per cent of adults made at least one repayment using the rapidly expanding form of borrowing last month. Research by Equifax,
Covid hits tax revenues from large UK companies
The economic slump carved a near-8 per cent slice off the tax contribution of Britain's largest 100 listed and private companies and their employees, research suggests. The businesses and their workers generated GBP77.1 billion for the taxman in the 12 months
Nissan to invest billions in Sunderland plant to drive electric car revolution
Nissan's vast carmaking plant at Sunderland will be at the centre of a GBP13 billion investment in developing electric vehicles. The Japanese carmaker said yesterday that its British factory "would take the lead towards electrification" as it announced investment that will
Jack Dorsey steps down as boss of Twitter
Jack Dorsey has stepped down as the chief executive of Twitter, the social media giant that he founded 15 years ago, for the second time. Dorsey, 45, will remain on the company's board of directors until next May when he will
Moderna CEO says vaccines likely less effective against Omicron – FT
STOCK PHOTO SYDNEY - The head of drugmaker Moderna said COVID-19 vaccines are unlikely to be as effective against the Omicron variant of the coronavirus as they have been previously, sparking fresh worry in financial markets about the trajectory of the
Macau gambling group Suncity’s shares plunge after CEO arrested
HONG KONG - Shares of Macau gambling group Suncity Group Holdings Ltd slumped 40% in resumed trade on Tuesday after its CEO was arrested over alleged links to cross-border gambling. The company said he intends to resign. Alvin Chau, also the
World Bank works to redirect frozen funds to Afghanistan for humanitarian aid only -sources
WASHINGTON - The World Bank is finalizing a proposal to deliver up to $500 million from a frozen Afghanistan aid fund to humanitarian agencies, people familiar with the plans told Reuters, but it leaves out tens of thousands of public
Cyber Monday spending expected to slow as shoppers see fewer deals
STOCK IMAGE: vector created by sentavio - www.freepik.com U.S. retailers' online sales likely slowed this Cyber Monday, as fewer discounts and limited choices due to global supply-chain disruptions deterred shoppers, but other data points suggested American consumers are in pretty good