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Walmart becomes first retailer to hit $1tn market value
Walmart is the biggest brick-and-mortar retailer in the US and is known for its low prices. It has benefited from a trend of higher earners trading down to lower-priced items, as the jobs market cools and inflation persists. Its speedy home delivery offering has also enticed shoppers from households across income brackets.
UPS to cut 30,000 jobs as it moves away from Amazon
Parcel delivery giant UPS says it will cut up to 30,000 jobs this year as it further reduces shipments for its biggest customer, Amazon. The world’s largest package delivery company has been scaling back deliveries for the online retail giant, which it says are “extraordinarily dilutive” to its profit margins. UPS says the job cuts…
Rail security to be reviewed after train stabbings, says minister
Jennifer MeierhansBusiness reporter PA Media There will be increased visible patrols at mainline stations over the coming days, the Transport Secretary said There will be a review of rail security in the UK following a mass stabbing on a train, Transport Secretary Heidi Alexander has said. A man has been charged with 10 counts of…
Faisal Islam: Is Reeves right in saying were turning a corner?
“I know that the last few years have been tough for people, but the measures that I took, all fully costed and fully funded in the budget, should start to ease those cost of living pressures that people have been living with for too long,” she told me.
Long overdue, life-changing or frivolous? Your thoughts on wedding rule changes
Carl Jones said he and his partner of 20 years haven’t wed because even the simplest weddings are too expensive. “We want to get married but won’t, as it costs too much. It’s cheaper if we just have two witnesses, but why should our [12-year-old] daughter not be allowed to attend… It’s wrong.” But sceptics…
Why our railways often seem to be in such chaos over Christmas
Katy AustinTransport correspondent BBC At a rail yard near Milton Keynes, a group of men in orange outfits are making final checks on huge slabs of railway track, preparing them so that they are ready to be installed over Christmas and New Year. At a time when many commuters stop work to enjoy celebrations with…
