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Roomba vacuum cleaner firm iRobot files for bankruptcy
The US firm behind the Roomba smart vacuum cleaner, iRobot, has filed for bankruptcy protection after facing competition from Chinese rivals and being hit by tariffs. Under the so-called pre-packaged Chapter 11 process, the main manufacturer of its devices, Shenzhen-based Picea Robotics, will take ownership of the firm. The tough commercial landscape had forced iRobot…
Rachel Reeves suggests family benefit limits will be lifted
Paul SeddonPolitical reporter Rachel Reeves: I don’t think it’s right that a child is penalised for being in a bigger family Rachel Reeves has suggested she favours removing limits on benefits linked to family size at next month’s Budget. The chancellor told the BBC it was not right that children in bigger families were “penalised”…
CPI inflation: Price increases in the US ease in November
Natalie ShermanBusiness reporter Bloomberg via Getty Images Price increases in the US eased in recent months, as costs for items including hotels, milk and some kinds of clothing fell. The latest figures from the Labor Department showed prices rose 2.7% over the 12 months to November. That pace was down from 3% in September and…
