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The global winners and losers of the war in Iran
Posted onFirstly, because some producers are heavily exposed to disruption in the Middle East. ExxonMobil, for instance, has operations at Qatar’s Ras Laffan industrial hub, where production has been shut down since early March, and which has now been hit by Iranian missile attacks, causing “extensive damage”.
Vinted users lash out over sizing changes
Posted onVinted users have been reacting angrily after an update resulted in items being listed as the wrong size. The second-hand shopping app has revised its sizing categories for women’s and children’s clothes but did not contact all users about the change. Many shoppers and sellers have taken to social media saying Vinted listings now show…
Call for probe into possible market abuse in Budget run-up
Posted onShadow chancellor Mel Stride has called for the UK’s financial regulator to investigate “possible market abuse” by people working in the Treasury and Downing Street in the run-up the Budget. The move comes as Chancellor Rachel Reeves denied she misled the public over the state of the country’s finances, after it emerged she and officials…
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…
