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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…
Pontypridd man who used food bank after graduating wants to end stigma
The family had a tough few weeks after Steven graduated, but the University of South Wales supported him to start his therapy business. He initially found it difficult to ask for help, but said it was important to “re-frame” feelings of shame or failure about visiting food banks. Steven said the experience of visiting the…
Government to offer cash payouts for people in financial crisis
A new funding scheme will give access to emergency cash for people on low incomes across England. The Crisis and Resilience Fund beginning at the start of April will provide £1bn annually for the next three years. People will be able to apply for emergency funds through their local council, whether or not they currently…
Chipmaker CXMT becomes mainland Chinas most valuable listed firm
Shares in China’s biggest memory chip maker have surged by more than 470% as they made their debut on the Shanghai Stock Exchange’s tech-heavy STAR Market. The surge has pushed CXMT’s stock market valuation to around 3.3 trillion yuan ($487.3bn; £364.9bn), making it the most valuable listed company in mainland China. The spectacular debut comes…
Reselling tickets above face value set to be banned by government
Getty Images Reselling tickets to live events for a profit is set to be banned by the government. Ministers are expected to announce the plan in a bid to tackle touts and resale sites which offer tickets at several times’ face value. Restricting ticket touts was one of the Labour government’s election pledges, as fans…
