[ad_1] High Street job losses are "inevitable", prices will rise, and shops will close as the result of the tax increases in the Budget and other rising costs, a group of the biggest retailers in the UK is warning.Tesco, Amazon, Greggs, Next, and dozens of other chains are urging the Treasury to reconsider some of the measures.In a letter to Chancellor Rachel Reeves, they said the "cumulative burden" of the
[ad_1] George MatthewGeorge Matthew moved into cocoa production to keep his farm goingIf it hadn't been for the squirrels, George Matthew's attempt to become a cocoa bean producer might have failed.His farming career began in the 1970s when he inherited a rubber plantation in the the southern Indian state of Kerala , which he managed alongside his career as a doctor. It was a bad time to inherit a rubber
[ad_1] A Russian software company has invited a seven-year-old coding prodigy to join its management team, as soon as he is old enough to take up paid employment.Sergey from the Russian city of St Petersburg has built a name for himself, uploading videos that explain how to write software since he was five.On the strength of those videos, the information security firm Pro32 sent him a written job offer, for
[ad_1] US budget carrier Spirit Airlines has filed for bankruptcy protection after a long run of financial losses and a series of failed merger attempts. On Monday, the Florida-based airline said it had arranged an agreement to restructure its debt and raise money during a bankruptcy process that is expected to last until early 2025.During that time, Spirit's operations will continue as normal and passengers will be unaffected, it said.
[ad_1] Beckhoff AutomationGerman business owner Hans Beckhoff says the country's manufacturers are strugglingIn the 44 years since Beckhoff Automation opened for business, owner Hans Beckhoff says he hasn’t seen an economic crisis like this one.“You can usually expect a crisis about once every five to eight years,” says Mr Beckhoff. “This time it’s a formidable crash, a really deep one.”A German company, Beckhoff Automation makes automated control systems for a
[ad_1] Undercover filming of a sales pitch by a Hii Com representativeAn undercover investigation into the alleged mis-selling of phone contracts has revealed questionable sales practices, prompting calls for stronger regulation. The BBC has spoken to 12 small businesses who say they were misled."I feel sick every time I think about it," says Paul Toplass."I've been in business for over 25 years. We've never experienced anything like this."Mr Toplass, who
[ad_1] The operator of Pizza's Hut restaurants in the UK is looking to raise more than £10m to help it cope with increased costs after tax rises on business were announced in last month's Budget.The money could come from a sale of part of the business, or new investment from existing shareholders.It comes amid growing backlash from business owners who warn rises in employers' national insurance contributions and the National
[ad_1] ReutersPeru's new megaport is Chinese-builtAs the world waits to see how the return of Donald Trump will reshape relations between Washington and Beijing, China has just taken decisive action to entrench its position in Latin America.Trump won the US presidential election on a platform that promised tariffs as high as 60% on Chinese-made goods. Further south, though, a new China-backed megaport has the potential to create whole new trade
[ad_1] Getty ImagesFormer Post Office boss Paula Vennells' appearance at the inquiry was greatly anticipatedAfter months of evidence, the Post Office Inquiry heard from its final witnesses this week.Closing statements will follow next month before inquiry chair Sir Wyn Williams publishes his final report next year.Much of the evidence centred around who knew what and when, so what did we learn from the key players? And what questions still need
[ad_1] Getty ImagesMortgage costs are rising - with the average rate on a two-year fixed deal now at 5.5% - despite a recent cut in interest rates.A string of lenders, including Barclays, HSBC, NatWest and Nationwide, have increased the rates charged on new fixed deals in recent days.That has created a headache for borrowers hoping costs were on a consistent downward trend, especially in light of the Bank of England
