AstraZeneca acquires next-generation cancer treatments
The largest British pharmaceutical group has acquired a Canadian firm that is developing the next generation of…
Bank of Japan raises rates for the first time since 2007.
As part of its decades-long effort to create inflation, the Bank of Japan ended its negative rate policy and raised…
Nvidia’s AI superchip: What’s so great about it?
Nvidia, the chipmaker, has increased its lead in artificial intelligent with the introduction of a "superchip", of…
Tesco will spend £8m on changing the Clubcard logo following Lidl’s win.
Tesco will drop the blue-and-yellow logo it uses to promote its Clubcard program. This rebrand could cost Tesco…
Ted Baker is preparing to appoint administrators, putting nearly 1,000 jobs at…
Ted Baker’s European Retail and Online arm will appoint administrators. This puts almost 1,000 jobs in danger at…
UK inflation drops to 3.4%, the lowest since two and half years.
The UK's inflation rate fell to just 3.4% in the month of February, the lowest it has been for over two years. This…
How the rise of shoplifting is forcing self-checkouts to retreat
As the cost of theft increases, retailers are beginning to question the use of unmanned scanning devices.
One…
Investors place bets on European consumer goods as confidence in the economy grows
Investors buy shares in European travel, luxury and retail goods, betting on a recovery of the economy to encourage…
Microsoft hires Mustafa Suleyman, DeepMind’s co-founder, to lead its new…
Microsoft has hired Mustafa Suleyman to lead a new consumer-facing AI unit. Suleyman is the co-founder and CEO of…
Nespresso opens its first UK cafe to take advantage of the UK coffee boom
Costa Coffee, Starbucks, and Pret a Manger are the three biggest players in the British ready-to drink coffee…
Pfizer begins to reduce its stake in Haleon
Pfizer is selling a stake of its former joint venture in consumer healthcare, Haleon. The sale will be worth…
Tata Steel’s decision to close Port Talbot’s coke ovens early is…
Tata Steel announced abruptly that it would cease operation of coke ovens in its Port Talbot facility in South…
Evergrande is accused by Chinese authorities of fraud amounting to 60 billion yuan…
Evergrande has been accused by the UK of inflating their revenues fraudulently by £62bn.
Hui Ka Yan is the…
The world’s largest solar company is cutting thousands of jobs due to…
Solar panel manufacturers are set to cut their workforce by almost one-third as they struggle with an oversupply of…
Top central banker warns: Cut borrowing or you will face a debt crisis
A top central banker warned that governments must stop "relentless borrowing" or they risk plunging into a global…
Deloitte announces the biggest reorganisation since a decade in order to reduce…
Deloitte launched its biggest global overhaul in 10 years as it seeks to reduce costs and the complexity of the…
ITV reduces jobs as advertising slump continues
ITV is cutting staff as it struggles to cope with a dramatic drop in advertising revenue.
ITV terminated…
Saudi Arabian Gucci owners circle Selfridges
Saudi Arabia, Gucci and Kering-owned Gucci are said to be in a race for Selfridges after the bankruptcy of the…