John Lewis has confirmed it is to close a number of its shops and Harrods is cutting 700 jobs as department stores reel from the coronavirus pandemic. In a letter
Continue reading »Customs to clear pharma raw materials from China
Apart from them, consignments of 11 top importers, including LG, Samsung, Toyota, Honda, and Siemens, will also be allowed entry, relieving them of the 100 per cent inspection rule. Easing
Continue reading »The financial inequality behind America's racial divide
(CNN)The nationwide protests following the death of a black man, George Floyd, at the hands of white police officers has once again shone a spotlight on the long-standing racial divide
Continue reading »The future may be V shaped, but it would be rash to count on it
It’s obligatory these days, even if you’re the chief economist of the Bank of England, to play the game of ascribing a letter to the likely shape of the UK’s
Continue reading »U.S. Consumer Confidence Posts Biggest Increase Since Late 2011
U.S. consumer confidence rose in June by more than forecast as optimism increased amid business reopenings, though sentiment remained well below pre-pandemic levels. The Conference Board’s index jumped by 12.2
Continue reading »New York State Doubles The Number Of States Whose Residents Face COVID-19 Travel Quarantines, Adding California
New York, New Jersey and Connecticut have doubled the number of states whose residents will be asked to go into quarantine when they travel to the Tri-State Area due to
Continue reading »Boris Johnson’s ‘new deal’ speech: what is missing?
Business leaders and trades unions have warned Boris Johnson that his plan to reboot the British economy from the coronavirus pandemic is not big enough to protect jobs and boost
Continue reading »How private equity is gutting retail
New York (CNN Business)Walgreens is hoping a new slate of tech tools will help it build stronger relationships with customers and keep pace with the rapidly occurring tech transformation in
Continue reading »Lyft Settles Disabled Discrimination Lawsuit
Lyft has agreed to settle allegations that it violated federal law when some of its drivers refused to give rides to people using foldable wheelchairs or walkers, the U.S. Department
Continue reading »Ethiopian Airlines Stays Profitable Despite Covid-19 Travel Bans
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter Ethiopian Airlines Group, Africa’s largest and only consistently profitable carrier, expects to stay in the black for
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