October 27, 2021
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Business

Chip giant’s IPO hit by Beijing crackdown on business

bbc– Chinese electric car maker BYD’s plan to sell shares in its computer chip making unit has been suspended, the latest share offering to be hit by Beijing’s crackdown on businesses. The listing has been put on hold due to a regulatory investigation into the law firm advising the company. The plan to list on […]
Business

Watchdog: Tighten up law to stub out ticket rip-offs on Viagogo and StubHub

express– As music festivals and other large live events resume after Covid, the Competition and Markets Authority (CMA) has set out recommendations designed to protect consumers. The organisation wants a ban on platforms allowing resellers to sell more tickets for an event than they can legally buy from the primary market. It also wants to […]
Business

Will I ever be able to fly without feeling guilty again?

bbc– For Maggie Robertson, it was a long-haul flight to Texas that changed her mind about flying. It was 2017 and she was having a great holiday. But then Hurricane Harvey came along – and she and her family narrowly sidestepped floods that cost more than 100 lives. “That brush with natural disaster helped put […]
Business

How Caroline Rush put British fashion on the global map

independent– When London Fashion Week kicks off in September, Caroline Rush is set to have a front-row seat. Since becoming the British Fashion Council’s chief executive officer in 2009, Rush has been widely credited for putting UK fashion on the global map, and she was given a CBE for her dedication to the industry in 2015. She told The Independent: “Under […]
Business

The “pingdemic” may now be holding back Britain’s economic recovery, data suggest. Figures showed a sharp slowdown in private-sector growth in July. This part of the economy expanded at its slowest pace in four months, and business optimism, a key weather vane for future prospects, slipped to a nine-month low. Staff being forced to isolate after being exposed to a case of Covid-19 was one driver of this slowdown, according to businesses’ responses. It has worsened existing staff shortages in sectors such as hospitality, according to the survey, which is compiled by research company IHS Markit and industry body, the Chartered Institute of Procurement and Supply. Some 600,000 people were pinged by the Covid-19 NHS app this week, thanks to a sharp rise in infections and after the government pressed ahead with lifting restrictions. On an index where any score above 50 indicates growth, the UK’s private sector hit 57.7 in July, down from 62.2 in June.

independent– The “pingdemic” may now be holding back Britain’s economic recovery, data suggest. Figures showed a sharp slowdown in private-sector growth in July. This part of the economy expanded at its slowest pace in four months, and business optimism, a key weather vane for future prospects, slipped to a nine-month low. Staff being forced to isolate after being
Business

Inflation’s rising, but is it here to stay?

independent– As economies reopen, there are concerns that price rises could spiral as supply struggles to meet a sudden uptick in demand. Fresh data has added fuel to these inflation worries. On Wednesday, the Office for National Statistics released figures that showed their measure of price rises, the Consumer Prices Index, rose to 2.5 per cent in […]