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Up to 150 ex-WHSmith high street stores to close as rescue deal approved
The owner of TG Jones, WH Smith’s former High Street business, has won approval for a sweeping restructuring which will see up to 150 shops close as well as steep rent cuts on most of the remaining stores. Modella Capital bought the chain stores last year and they were then rebranded under the name TG…
US-China trade tensions back as port fees take effect
The US and China started charging new port fees on each other’s ships on Tuesday, as trade tensions between the world’s two biggest economies increase. China says its levies aim to safeguard the country’s shipping industry from “discriminatory” measures and apply to US-owned, operated, built, or flagged vessels but not Chinese-built ships. It comes in…
