Sixty percent of company heads in Poland expect a moderate slowdown in the global economy, while 40% expect a strong one, according to a survey by EY. One in two respondents expects the slowdown in Poland to be strong, it stressed.more
Sales of home accessories and furniture rose sharply in March, as people ate out less to save money and entertained at home instead, new figures suggest.
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A British firm appears to have arranged the sale of about $1.2 billion worth of electronic goods into Russia since the launch of Moscow's full-scale invasion of Ukraine, the Financial Times reported Friday.more
Every fifth company does not pay its contractors on time, often because it does not receive payments from customers itself, according to the study "Overdue invoices in Polish enterprises". For 68% of enterprises, payment backlogs are a barrier to running a business.more
More than half of UK consumers have cut back on discretional spending since the start of the year, with nearly two-thirds choosing to reduce the amount they spend on eating out, according to research from KPMG.
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Virgin Orbit, a company that planned to send rockets into space on a commercial basis, has filed for protection from creditors with a court in the US state of Delaware, which effectively means bankruptcy, media reported today.more
The chairman of Tesco, the UK's biggest retailer, says he cannot forecast when rises in food prices will peak. But John Allan said the supermarket was "doing our bit" to help customers cope with the impact of high inflation. more
The number of new businesses opening in the capital is now being outstripped by closures for the first time in six years, figures show. London is the worst region for closures in the UK after suffering a net loss of 7,695 local enterprises in 2022.more
Experts claim Ireland could become a cashless society within five years after contactless payments soared by almost a third in a year. A study conducted by the Banking and Payments Federation Ireland found almost €18bn in contactless payments were made last year - the highest level recorded since 2016 and a jump of almost 32% on 2021.more
Barclays has announced plans to close 14 more bank branches across England and Wales. It follows an announcement in January that 15 branches would close.more
The UK is poorer than it would have been, partly due to the war in Ukraine, but also the pandemic, Levelling Up Secretary Michael Gove has admitted.
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Anglo-French oil company Perenco's UK unit said on Sunday that a limited oil leak occurred at one of its well sites in Wytch Farm in Dorset, southern England.
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The cutbacks came as spending on several essential outgoings rocketed, with the value of spending on utility bills rising by around a third (34%) compared to the same time last year.more
The cost of living rose more than expected last month as salad and vegetable shortages helped push up food prices at the fastest rate in 45 years.
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Broadband firms have been urged to cancel “exorbitant” mid-contract price rises for vulnerable customers less than two weeks before they are due to take effect. Millions of broadband and mobile phone customers can expect to face monthly bill increases of at least 14% from April.more
American company Amazon.com Inc has announced that it will lay off 9,000 jobs in the coming weeks. employees. As the CNBC portal explains, Amazon is counting on a probable economic slowdown. The company abandoned some experimental projects and reduced the pace of warehouse expansion.more
The British Space Agency has announced support for Rolls-Royce's project to build a nuclear reactor for lunar missions. It would operate on the surface of the Silver Globe and provide energy to astronauts.more
Private firms are making increased profits as the government pays millions of pounds a day to put up asylum seekers in the UK, the BBC has learned.more
