Asos enters deal with Nordstrom to bolster Topshop’s US presence July 12, 2021 Asos has teamed up with the US’ Nordstrom, which will see Topshop clothes sold in brick and mortar stores for the first time since the brand fell into admission last year. The joint-venture will see Nordstrom snag a minority stake in Topshop, Topman, Miss Selfridge and HIIT brands, which joined Asos’ pre-existing online platform following [...]
Boris Johnson set to confirm 19 July as freedom day July 11, 2021 Boris Johnson has urged people to “remain vigilant and exercise caution” as he prepares to confirm that almost all Covid restrictions will be removed on 19 July. Johnson also warned people in a statement tonight that “cases will rise as we unlock” in just over one week’s time. Johnson announced last week that the next [...]
UK business confidence soars to highest level since 2005 July 11, 2021 UK business confidence has surged to its highest level since 2005 as companies look ahead to the final lifting of lockdown restrictions later this month. The latest business trends report from BDO showed the optimism index moved 2.74 points from 109.71 in May to 112.45 in June, marking the fifth consecutive month of growth and [...]
Yellen: Global corporate tax reform unlikely until 2022 July 11, 2021 US Treasury secretary Janet Yellen has warned that recently-agreed reforms to corporate tax rules that will ensure major companies pay tax in more countries may not be ready until next year. Speaking after a G20 finance leaders meeting in Venice today, Yellen said the OECD’s re-allocation of taxing rights was on a “slightly slower track” [...]
Civil servants have to get back to the office, says former senior Johnson aide July 11, 2021 One of Boris Johnson’s former top aides has called for civil servants to get back to the office among warnings that “Whitehall is dead”. Lord Eddie Lister said that government departments in Whitehall had “corridors of empty rooms” and that young civil servants would not be able to learn on the job like this. Boris Johnson [...]
Taxpayer to cough up £35m for West Ham stadium revamp July 11, 2021 British taxpayers will be handed a £35m bill for a planned revamp of West Ham United football club’s stadium in east London. The government will fork out £14.5m of public money for fresh seating at the state-owned London Stadium as West Ham redevelops the west stand to bring fans closer to the pitch. A further [...]
Klarna snaps up London ecommerce tech startup Hero July 11, 2021 Klarna has acquired London-based ecommerce tech startup Hero in a deal worth a reported $160m (£115m). Hero, which was founded in 2015, offers virtual shopping services to retailers and counts Harvey Nichols, Levi, Nike and JD Sports among its clients. Klarna said it will introduce Hero to its 250,000 retail partners, allowing them to access [...]
Liz Truss reportedly thinks UK-US trade deal before 2023 is unlikely July 11, 2021 International trade secretary Liz Truss is reportedly resigned to not closing a UK-US trade deal before 2023 as she prepares to travel to Washington today. Truss will go to the US to meet Joe Biden’s Trade Representative Katherine Tai as a part of a five-day working trip, which will also include a stop in California. [...]
Huawei chief suffers extradition setback after HSBC documents blocked July 11, 2021 Huawei chief financial officer Meng Wanzhou has been dealt a major blow in her extradition case after a judge denied her application to use a trove of HSBC documents as evidence. Meng is facing extradition from Canada to the US on charges of bank fraud for allegedly misleading HSBC about Huawei’s dealings in Iran, potentially [...]
Nadhim Zahawi denies gap between vaccines will be cut to four weeks July 11, 2021 There are no plans to cut the gap between first and second Covid vaccines from eight weeks to four, according to vaccines minister Nadhim Zahawi. Zahawi said that protection from two doses of any of the approved Covid vaccines is more optimal at eight weeks than from four weeks. The Sunday Times reported today that [...]
