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M&S profits almost wiped out after cyber hack left shelves empty
Posted onM&S’s profits were almost wiped out after it was hit by a cyber-attack which left shoppers unable to buy online from the company for months. The hack was “an extraordinary moment in time,” it said, as it revealed statutory profit before tax – a figure that reflects all costs for a period – slumped 99%…
Madeleine the boring machine poised to build HS2 tunnel in London
Posted onA giant 1,600-tonne machine called Madeleine that will bore a tunnel taking HS2 trains into central London has been switched on. Named after Madeleine Nobbs, the former president of the Women’s Engineering Society, the 190m-long contraption will create a 4.5 mile link connecting Old Oak Common in west London to a proposed expanded station at…
The shadowy world of abandoned oil tankers
Posted onThese ships, typically oil tankers such as the one Ivan is stuck on, are more often ageing vessels of obscure ownership, unseaworthy, likely uninsured, and operationally hazardous. And they typically sail under flags of convenience or FOCs – the ships are registered in countries with very limited regulatory oversight.
US job creation in 2025 slows to weakest since Covid
Posted onThe number of jobs created in the US grew only modestly in December, as a weak year for the employment market in the world’s largest economy drew to a close. Employers added 50,000 jobs in the final month of 2025, according to Labor Department data, which was fewer than expected. But the unemployment rate dipped…
