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Hurricane season brings financial fears in the Caribbean
Posted onGemma HandyBusiness reporter, St Johns, Antigua Getty Images Homes in Barbuda were flattened by 2017’s Hurricane Irma For some Barbudans, thunderstorms still trigger flashbacks of the night in September 2017 when they lost everything they owned to Hurricane Irma’s devastating winds. Eight years on, while memories may be close to hand, home insurance for many…
Royal Mail staff tell BBC letters sit undelivered as firm prioritises parcels
Posted onRight now, Bob said: “Every day there’s mail left behind, one, maybe two, maybe three rounds which are not covered… The tracked recorded parcels are done every day, because they make a difference to the stats for the office, but anything that’s not tracked every day there’ll be mail that’s not going out.”
Claires and The Original Factory Shop enter administration
Posted onHigh street retailers Claire’s and The Original Factory Shop are being put into administration, risking 2,500 jobs. It comes amid a turbulent time for Claire’s, popular with tweens for its brightly coloured accessories, which was seeking a buyer after its US owner filed for bankruptcy last year. Modella Capital, which owns both chains, said the…
Nvidia shares soar after beating earnings forecast
Posted onChip giant Nvidia beat Wall Street’s expectations for revenue and upcoming sales, easing investor concerns about heavy artificial intelligence (AI) spending that have unsettled markets. In its quarterly earnings report on Wednesday, the firm said revenue for the three months to October jumped 62% to $57bn, driven by demand for its chips used in AI…
