Burberry stock drops as CEO departure spooks investors July 16, 2021 Shares sank 5.5 per cent in luxury fashion brand Burberry today, dragging its total share price to 1,955 as investors seemed uncertain about the company’s direction following its CEO’s exit. The brand pulled in £479m in revenue over the past three months despite over ten per cent of its stores remaining closed due to Covid [...]
Government launches summer jobs site to stave off UK labour shortages July 16, 2021 The government has launched a summer jobs site in a bid to stave off labour shortages that have hit UK businesses across most sectors. The collision of the pandemic and Brexit has driven workforce shortages across construction, retail, hospitality and transport. The lorry driver shortage has also pushed production delays across other sectors, as supermarkets [...]
US citizen arrest stokes Biden’s fresh Hong Kong business caution July 16, 2021 A US citizen has been arrested in Hong Kong, according to local reports, just hours after the US issued a fresh advisory warning for US businesses in the region. The US citizen, whose identity has not yet been confirmed by Southern China media, has been detained under Beijing’s controversial national security law. The national security [...]
Day three: Belarusian police raid homes of journalists and rights activists July 16, 2021 Police in Belarus have raided the offices and homes of journalists and human rights activists for a third consecutive day today. The so-far three-day search came as the UK’s ambassador to the United Nations and World Health Organisation in Geneva, Simon Manley, said the UK was still “deeply concerned by the human rights situation in [...]
‘Stable-coins’: Japan to join race to regulate digital currency July 16, 2021 Japan is gearing up its efforts to regulate digital currencies internationally, according to reports, as other economic powers race to push out their own, ‘more stable’, tech-based currency. It is a sign that the Japanese government, alongside other G7 states, fear that the growing popularity of digital currency could rattle current financial systems beyond repair, [...]
India’s tech startup scene takes off as Paytm files for $2.2bn IPO July 16, 2021 Indian fintech startup Paytm has tabled plans to raise up to $2.2bn in an initial public offering, as the pandemic has stoked India’s digital economy. The Alibaba, Berkshire Hathaway, and SoftBank-backed firm said it will issue new shares worth $1.1bn and an offer for sale worth another $1.1bn. The startup, which competes with Google Pay [...]
Post-Brexit NI: Trade deal has bigger hangups than so-called ‘sausage war’ July 15, 2021 The UK and the European Union’s post-Brexit trade deal has bigger hang-ups than the so-called “sausage war” would have let on, a Northern Ireland retail head told MPs. There are much larger problems that lie ahead for the trade industry, Northern Ireland Retail Consortium director Aodhan Connolly said. Speaking at a hearing on the impacts [...]
Data watchdog teams raid homes and seize computers amid Matt Hancock affair probe July 15, 2021 Teams from the UK’s data watchdog have seized computers after raiding two homes as part of their probe into the leaked CCTV footage of Matt Hancock’s affair. The Information Commissioner’s Office (ICO) searched two addresses in the south of England earlier today, taking personal computer equipment and other electronic devices with them. “In these circumstances, the [...]
Ultimate Products to take over Salter and Heston Blumenthal partnership July 15, 2021 Britain’s oldest houseware brand Salter is set to be snapped up by London-listed Ultimate Products as consumers fell back in love with home cooking over lockdown. The deal is expected to be completed by 19 July and will cost Ultimate Products (UP) some £32m in cash. UP, which turned over £115.7m last year, will take [...]
Dutch crime journalist Peter R de Vries dies following assassination attempt July 15, 2021 Dutch crime journalist Peter R de Vries has died after an assassination attempt in Amsterdam nine days ago, according to reports. The well-known investigative journalist was shot in Lange Leidsedwarsstraat, an Amsterdam street close to a public square minutes after he left a TV studio on 6 July. “Peter fought to the end but was [...]
