Economy archivos - Page 5 of 16

Fed losing independence would pose a serious danger, says Lagarde

The independence of central banks has long been considered a cornerstone of economic stability, providing a safeguard against political interference in monetary policy. Recently, European Central Bank President Christine Lagarde…

Half of UK job losses in hospitality, say bosses

Economy

UK bosses reveal hospitality sees half of job losses

Emily Young

The hospitality industry in the United Kingdom is experiencing an extraordinary staffing crisis, with leaders in the field indicating that almost 50% of recent job cuts nationwide have taken place…

Trump backs down from 250% EU pharma tariff in deal

Economy

Trump drops 250% EU pharma tariff in new agreement

Emily Young

The possibility of a trade war between the United States and the European Union has been averted after former U.S. President Donald Trump agreed to drop plans for a massive…

WH Smith shares tumble 42% after accounting blunder

Economy

WH Smith stock tumbles 42% after accounting blunder

Emily Young

Actions at WH Smith plummeted after revealing a major accounting error that has shaken investors and brought attention to the firm's internal management systems. The retail company, widely recognized for…

Target appoints new boss as it seeks to revive sales

Economy

Target introduces new boss to drive sales turnaround

Emily Young

Target Corporation has revealed a major executive shift, selecting a new CEO as it seeks to boost sales and reshape its standing in the competitive retail sector. This decision arises…

Newsmax settles Dominion election defamation case for m

Economy

Newsmax and Dominion resolve election defamation case for $67m

Emily Young

Newsmax has settled its legal disagreement with Dominion Voting Systems by consenting to a $67 million payment, concluding a significant defamation case associated with the 2020 U.S. presidential election. This…

Air Canada to resume flights after pay deal struck with union

Economy

Air Canada to restart operations following union agreement on pay

Emily Young

Air Canada has reached an agreement with its unionized workforce, bringing an end to the uncertainty that surrounded its recent labor dispute and setting the stage for flight operations to…

Soho House bought for £2bn as Ashton Kutcher joins board

Economy

Ashton Kutcher joins board after £2bn Soho House acquisition

Emily Young

A new chapter has begun for the exclusive global private members' club, Soho House, following a recent acquisition deal that places its valuation at a staggering £2 billion. This significant…

Qantas hit with record fine for illegal layoffs during pandemic

Economy

Qantas receives record-breaking fine for illegal pandemic layoffs

Emily Young

The resolution of a prolonged legal battle has led to a precedent-setting verdict, where a prominent airline is facing an unprecedented fine due to its conduct during the health crisis.…

US wholesale prices jump in July as tariffs hit

Economy

US wholesale prices spike in July due to tariffs

Emily Young

In the United States, wholesale prices experienced a notable rise in July, a trend that experts largely connect to the impact of recent tariffs. The increase in production costs, as…