• Sat. Dec 3rd, 2022

A divided and impoverished Spain

We head to Spain in “European Micro”, with Juan Jose Durado, Spanish correspondent in Paris. The country will have almost 13% unemployment by the end of the year, for a…

Large tax rises from Jeremy Hunt ‘could put UK at risk of deeper slowdown’

Such a move may force Bank of England to rethink interest rates approach, says its chief economist Britain risks a deeper than expected economic slowdown if Jeremy Hunt sets out…

Britishvolt staves off collapse with five weeks of funding and steep staff pay cut

Electric vehicle battery startup still seeking buyer or longer-term investor to avoid administration Britishvolt has said it has secured five weeks of funding and its 300 staff have agreed to…

Foxtons reports 25% rise in revenues but tougher 2023 lies ahead

Estate agent’s results come as report predicts UK mortgage lending is heading for big slump The London estate agent Foxtons has flagged a “less certain” sales market, as it reported…

Retail sales fall in Great Britain as shoppers rein in food spending

Decline of 1.4% in September is first month that volumes have dropped below pre-pandemic levels Retail sales in Great Britain fell more steeply than expected in September as soaring prices…

UK pubs may face beer shortage before World Cup amid drivers’ strike

Drivers with GXO Logistics, which makes 40% of beer deliveries, to strike over pay and job cuts. The prospect of a UK beer shortage is looming as drivers and workers…

‘Significant’ rate rise needed in November, warns Bank of England chief economist – as it happened

UK government bond selloff continues, pushing 20-year gilt yield to 20-year high, as BOE reiterates bond-buying programme will end on Friday; UK economy on brink of recession Closing summary The…

Virgin Atlantic staff can choose which uniform to wear ‘no matter their gender’

Airline reflects diversity of workforce with policy on its Vivienne Westwood-designed outfits Virgin Atlantic’s crew, pilots and ground staff can now wear whichever of its uniforms they feel most comfortable…

Ben & Jerry’s founders accuse Unilever of breaking deal in Israel

The founders of Ben and Jerry’s have accused the UK consumer giant Unilever of violating a 22-year-old agreement that could lead to the sale of the ice-cream in the occupied…

Late rapper Nipsey Hussle posthumously honored with Hollywood Walk of Fame star

Slain rapper Nipsey Hussle was posthumously honored Monday with a star on the Hollywood Walk of Fame in a ceremony that drew such a large crowd it forced a shutdown…