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Why Poundland is struggling during a cost-of-living-crisis
Emma SimpsonBusiness correspondent BBC The residents of Peckham in south London have just lost their Poundland store, which closed this week after 11 years of trading. “Everyone comes in here, it’s very cheap. I buy stuff for my kids, snacks, toiletries,” says passing shopper Becky Cullen, staring at the empty shop. “It was always busy……
Why has the Bank of England cut interest rates?
So why has the Bank of England cut rates when inflation is well above its target of 2% and seems set to remain there? This vexed question is why the proceedings of the Bank’s nine member Monetary Policy Committee were so close and even involved an unprecedented second vote. The bottom line is that in…
Fracking transforms an Argentine town but what about the nation?
Matías Zibell GarcíaBusiness reporter, Añelo, Argentina Matías Zibell García The Argentine town of Añelo has a bull statue that symbolises the region’s economic potential Mechanic Fabio Javier Jiménez found himself in the right place at the right time. When his father moved their family-owned tyre repair shop to the rural Argentine town of Añelo, it…
Gold surges past record $4,000 an ounce as uncertainty fuels rally
The price of gold has hit a record high of more than $4,000 (£2,985) an ounce as investors look for safe places to put their money over concerns about economic and political uncertainty around the world. Gold has seen its biggest rally since the 1970s, rising by around a third since April when US President…
Want to Grow Your Business? You Need a Growth Strategy
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Maduro says Trump wants Venezuelas oil. But is that the real US goal?
Shanaz Musaferand Natalie Sherman AFP via Getty Images Venezuelan leader Nicolás Maduro says escalating pressure from the US comes down to one thing: Washington wants to grab the South American nation’s vast oil reserves. This week the American military seized an oil tanker, which was allegedly carrying Venezuelan oil being shipped in violation of US…
