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River Island allowed to shut shops to stave off collapse
Posted onRachel Clun Business reporter, BBC News Getty Images River Island has been given the green light to close 33 stores across the UK after the High Court approved the fashion retailer’s restructuring plans. The High Street brand said a customer shift towards online shopping and higher operating costs had contributed to multi-million pound losses. It…
Gold price rises after US captures Venezuelas Maduro
Posted onPrecious metal prices have risen after the US capture of Venezuelan President Nicolás Maduro increased investors’ concerns about geopolitical risks. In Monday morning trade in Asia, gold was about 1.8% higher at around $4,408 (£3,282) an ounce, while silver was up close to 3.5%, as money was moved into so-called “safe-haven” assets. Meanwhile, crude oil…
US states sue to block Trump tariffs impacting dozens of countries
Posted onTwenty five states sued President Donald Trump’s administration on Monday over a wave of tariffs against dozens of countries. The US says the tariffs, which range between 10% and 12.5%, were imposed due to trading partners – including the UK, China and the European Union – failing to properly tackle forced labour. In a legal…
The financial winners and losers from the World Cup
Posted onThe 16 host cities across the US, Canada and Mexico have been welcoming an influx of fans and tourists boosting hospitality, hotels and local businesses. But while the Scots drank Boston dry and have won the heart of the city and its people, experts say the long-term economic benefits are minimal. Fifa estimated some $41bn…
Animal sanctuary facing closure due to hot weather
Posted onThe sanctuary was set up in 2021 to rescue Mustard the pig, who was at risk of having to go for slaughter if a home was not found for him. Since then, the team of volunteers have taken in sheep, chickens, turkeys, cats, alpacas, guinea pigs and rabbits. Ms Prescott described the thought of having…
