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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…
US considers lifting sanctions on some Iranian oil
Posted on“To put it mildly, this is bananas,” said David Tannenbaum, director of Blackstone Compliance Services, a consultancy specialising in maritime sanctions. “Essentially we’re allowing Iran to sell oil, which could then be used to fund the war effort.”
Solar eclipse chasers scramble for glasses as stocks run low
Posted onAt a bakery in central London, stock has been flying off the shelves. “I’ve sold, like, 100 this morning,” a staff member tells the BBC. But it’s not baked goods driving queues out of the door – customers are here to buy eclipse glasses. They are among those hoping to catch a safe glimpse of…
President Trumps ban on wind energy permits unlawful, court rules
Posted onPresident Donald Trump’s ban on issuing new wind energy permits has been ruled “unlawful” by a US court. In January the president signed an executive order freezing federal approval of pending offshore and onshore wind permits, scrambling plans for many projects in the US that were already under way. Some 17 states and a New…
