Retail sales in Great Britain slumped in the three months to October as the pressure of inflation hitting a 41-year high and soaring energy prices forced households to cut budgets and rein in spending.
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After more than two decades of economic stagnation, the average UK worker will still earn less than in 2008, the Resolution Foundation has warned. At the same time, he points out that tax increases will further increase the decline in prosperity in the country.more
In the first half of the year, entrepreneurs suspended over 161 thousand companies, while 104.3 thousand closed down, according to data from the Ministry of Development and Technology. This is almost 29 per cent more than a year earlier,' reports today's Puls Biznesu.more
Several Belarusian companies that have been Ikea's sub-suppliers in recent years use forced prison labour in Belarusian penal colonies, which also hold political prisoners, reports the French investigative website Disclose in a journalistic investigation published on its website.more
The Citizens Advice organization - as every year before Christmas - published a list of the worst courier companies in the country. the number of problems and complaints, and the level of customer service they offer.more
Poland has many times greater than expected development potential for offshore wind energy. By 2040, such energy could satisfy nearly 60 percent of demand for electricity - we can read in the report "Potential of Offshore Wind Energy in Poland" commissioned by the Polish Wind Energy Association (PWEA).more
Three London town centres will be receiving £130,000 each in a bid to bolster evening High Street business. Bromley, Vauxhall and Woolwich will benefit from the Night Time Enterprise Zones.more
Twitter's new owner Elon Musk has given the service's employees an ultimatum - either they will work at maximum capacity or they should resign from their positions. They have less than two days to decide, the Washington Post newspaper reported yesterday, citing an email sent by the billionaire to subordinates.more
The Tesla corporation wants to double car production at its plants in the German state of Brandenburg and is therefore looking to expand them. The Oder-Spree district, on whose territory the US manufacturer's plants are located, expects to apply for permission for the expansion later this year, writes the Berlin daily B.Z.more
Amazon founder Jeff Bezos, whose fortune is valued at $ 124 billion, said in an interview with CNN that he would donate most of his fortune to charities linked to the fight against global warming and political and social divisions.more
Primark's website has crashed after the retailer finally launched its click-and-collect service.
It is starting a trial in 25 stores in north-west England, Yorkshire and north Wales for children's products only.more
On December 7, the 4th edition of the British-Polish Tech Forum will take place at the Queen Elizabeth II Center in London's Westminster. The aim of the event is to promote Poland as an attractive investment destination for companies in the UK, especially those from the IT sector.more
Olive trees are extremely resistant to drought, and therefore they are successfully grown in countries famous for their high temperatures. Nevertheless, this year's summer took its toll on Spanish growers. Many of them are alarming that the olive harvest is almost half as much as last year, which will translate into oil prices.more
Eight out of 10 Belgian companies are securing additional budget to offer job candidates higher salaries than their own employees, according to research from Acerta. Nearly half of the companies also offer potential employees additional benefits, such as company cars.more
A record 14.7 percent UK food prices rose in October compared to the same month in 2021, and 27% of households are not doing well financially, Kantar, a market research company, reported today.more
The four largest Belgian banks are predicting a recession at the end of the year, report "L'Echo" and "De Tijd", but they do not agree on how long it will last.more
The cost of maintaining the Amadea - a US seized yacht linked to a Russian oligarch - is nearly $10 million a year. Part of this cost is borne by U.S. taxpayers, and Amadea is just one of the costly seized Russian assets, Bloomberg writes today.more
Poverty campaigners have warned of a “prolonged period of pain” after the Bank of England said Britain is facing the longest recession since records began, stretching deep into 2024.
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