Car maker and producer Ford have announced plans for a major change in its operations, with a further review being needed if the UK leaved the EU without a deal, this plan is expected to reduce costs, with one of the ways of doing so causing the potential loss of thousands of jobs, although initially…
Category: Business
The US Retailer “Sears” Have Filed For Bankruptcy
Sears, well known in the US as a huge American shopping retailer that once ruled the American Mall, had filed for Chapter 11 Bankruptcy earlier today. Sears holdings, the parent company for the retailer, who also owns KMart, was the entity that filed, meaning an end for KMart also. The rising competition from online retailers…
Apology Issued From British Airways Boss Over Data Breach
The current managing director of British Airways has issued an apology over the “malicious” data breach, of which he says was a very sophisticated breach of the companies internal security systems, with compensation promised for all those affected. With personal and financial details stolen, Alex Cruz, initially told the BBC that the hackers in questions…
The “Incredible” Trade Deal With Mexico – Announced by Trump
With rising pressure to complete renegotiation of the “North American Free Trade Agreement”, President Trump has now came out and said that common ground has been reached between Mexico and the USA. With Trump announcing the the supposed breakthrough on Monday. While 2 out of the 3 relevant figures are happy with the current agreement,…
UK retailers sales increase thanks to world cup and heatwave
The continued success of England in the world cup along side the sunny days has seemingly paid off for many uk based retailers, with sales in beer, BBQ related items as well as TV’s increasing exponentially. This has helped to paper over the cracks of the underlying challenges facing the UK high streets. According to…