Business and Economy

Business and Economy Latest News

Grinding inflation clouds 'Black Friday' shopping bonanza
Grinding inflation clouds 'Black Friday' shopping bonanza
by  AFP

The Black Friday kickoff of the holiday shopping season is expected to bring especially deep discounts in 2022, but one challenge will be finding consumers confident enough to spend. The big-box chain expects a "very promotional" holiday season, said Chief Executive Brian Cornell.

UK retailer Boohoo denies 'slave' labour claims
UK retailer Boohoo denies 'slave' labour claims
by  AFP

British online fashion retailer Boohoo on Wednesday denied allegations that staff in a UK warehouse worked in harrowing and health-threatening conditions and regarded themselves as "slaves". Boohoo benefited from an online sales boom during the pandemic, during which it expanded aggressively to snap up brands belonging to collapsed UK retail giants.

UK defends Brexit deal despite economic woes
UK defends Brexit deal despite economic woes
by  AFP

Finance minister Jeremy Hunt on Wednesday defended the UK's post-Brexit trade deal with the EU, despite growing criticism about its economic impact, and rejected claims he was pushing for closer European ties. - Tough going - Former UK prime minister Theresa May proposed a similar deal, which was roundly rejected by lawmakers, and which contributed to her downfall in 2019.

Energy

Money

Industry

Technology

Economy