The Business category covers all aspects related to commerce, including management, entrepreneurship, economics, finance, and marketing. It provides valuable insights, strategies, and resources for individuals and organizations to navigate and excel in the corporate world. Whether you’re looking to start a new venture, optimize existing operations, or understand global economic trends, this category offers the knowledge and tools necessary for success.
So why has the Bank of England cut rates when inflation is well above its target of 2% and seems set to remain there? This vexed question is why the proceedings of the Bank’s nine member Monetary Policy Committee were so close and even involved an unprecedented second vote. The bottom line is that in…
Rachel Clun Business reporter, BBC News Getty Images Changes to the Bank of England’s base rate can affect mortgage and savings rates The Bank of England has cut UK interest rates from 4.25% to 4%, the lowest level since March 2023. The Bank of England interest rate can affect mortgage rates and interest rates on…
Elaine Doran & Colletta Smith Cost of living producer & correspondent Getty Images UK holidaymakers are leaving it later to book shorter stays closer to home, travel firms are reporting. The trend is down to people trying to save money while making the most of hot weather, some of the UK’s biggest holiday companies have…
Sean McManus Technology Reporter Getty Images The emergence of AI is making firms rethink their organisation Even if you have never worked for a big company, you will probably have an idea what the HR and IT departments do. Human resources (HR) deal with people, IT deal with the technology. It might seem like an…
Actress Gina Carano has settled her lawsuit against Disney and Lucasfilm after she was fired from Star Wars franchise spin-off The Mandalorian. She was dropped from the cast in 2021 following comments she made comparing being a Republican in the US to being a Jew during the Holocaust. Ms Carano, a former MMA fighter who…
A baby bank which supports families with vulnerable children has moved to a bigger premises to help meet demand for its services. Baby Basics UK, which provides practical essentials to families with children up to five years old, has moved to Albion House in Savile Street, Sheffield. Since 2019 it said demand for help had…
The owners of an award-winning artisan chocolate business say increased prices and staffing costs have forced them to close their cafe. Holly and Sam Garner said Hollychocs, in Devizes, Wiltshire, will shut the Beanery Cafe in August after two years of business. “Every time we buy ingredients or packaging, the costs go up and on…
Adam Hancock & Jennifer Meierhans Business reporters Getty Images Crocs’ share price plunged after the rubber clog-maker revealed a fall in US sales as shoppers chose to spend on trainers ahead of the World Cup and the Olympics. The footwear became a stay-at-home staple during the Covid pandemic and has remained relevant as celebrities embraced…
Rachel 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…
Getty Images The banning of high street fashion adverts which featured models who looked “unhealthily thin” has led industry experts to warn of a return to the super skinny trend. The aesthetic characterised by models with hollow faces and protruding bones was seen in the 1990s and early 2000s but in more recent years been…
