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Demand for online jewellery boosts December retail sales
Demand for online jewellery helped boost retail sales in December, despite a difficult festive period overall for retailers, figures show. Sales were up 0.4% from the previous month, the Office for National Statistics (ONS) said, citing online jewellers reporting an increased demand for precious metals such as gold and silver. Internet shopping performed well, while…
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…
Security staff to go on strike at Aberdeen Airport
Security staff at Aberdeen Airport have announced 14 days of strike action in a row over pay. The union said it was left with no option as negotiations with ICTS HBS Security, through the conciliation service Acas, failed to produce a breakthrough. The strikes, involving baggage screening staff, are set to begin on Monday. The…
Supreme Court sceptical of Trump firing of Lisa Cook
Natalie ShermanBusiness reporter Getty Images US President Donald Trump appeared on course for a setback at America’s top court on Wednesday over his unprecedented move to fire a central bank governor. Supreme Court justices from the left and right asked why they should speed through such an impactful decision, citing concerns about process and implications…
US probes Nike over white worker discrimination claims
The Equal Employment Opportunity Commission (EEOC), which enforces workplace discrimination laws, announced on Wednesday it has demanded company records going back to 2018, including the use of race and ethnicity data, and whether such information influenced executive pay.
