BMW warns on profits as it counts cost of plan for 8,000 job cuts
BMW issued its second profit warning in a year, citing restructuring costs including 8,000 job cuts as it grapples with Chinese competition and weakening sales.
M&S boss bemoans last week’s budget as ‘whole lot of nothing’
Marks & Spencer’s chief executive criticized the government’s recent budget as lacking substance while welcoming an expected UK-EU food trade deal that could reduce post-Brexit costs for the retailer.
UK interest rates increase expected after services sector activity accelerates
UK services sector activity accelerated to an eight-month high in October, driven partly by artificial intelligence spending, raising expectations for a Bank of England interest rate increase Thursday.
Australia has a bad inflation problem. So why are we middle-of-the pack on the misery index?
Australia faces inflation at 4.3% annually, higher than peer nations, yet ranks mid-pack on the misery index when unemployment is factored in, suggesting relatively stronger labor market conditions.
‘It’s just vape shops, nail shops, charity shops’: can anything save the British high street?
British high streets face ongoing decline as retail parks draw shoppers away, leaving town centers with vacancy rates of 13% compared to historic lows at shopping centers, exemplified by Rotherham’s struggles.
Kraft Heinz to divest its North American coffee business in $650 million deal
Kraft Heinz is selling its North American coffee business, including Maxwell House and Gevalia brands, to private equity firm One Rock Capital Partners for $650 million.