Business Bites

HSBC to cut 35,000 jobs, new chancellor sticks to schedule, Bezos creates $10bn ‘Earth fund’

HSBC has announced plans to cut 35,000 jobs over the next three years after a dire set of financial results.…

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German stagnation, Javid out, RBS gets environmental, Norton no-show

The German economy has stagnated due to significant falls in spending and exports. New figures show that GDP ‘flat lined’…

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Parasite boosts Spanish crisp sales

Now that’s the kind of headline journalists like to write. But unfortunately, now that you’re reading the article, the subterfuge…

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Yes, the trade barriers are coming

I think both Leavers and Remainers probably expected this in the long run – Michael Gove announced yesterday that businesses…

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Ocado ditches Waitrose; Bill gates orders £500m beast-yacht; Boris to lower immigration wage threshold

A busy start to the week in the business pages. As the coronavirus story unfolds I am reluctant to spend…

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Tesla, Macy’s and organic food: serious change is afoot

Sometimes change is sudden and surprising, but sometimes it bubbles away under the surface for decades before making a serious…

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The whole Amazon thing is getting scary now

The ‘growth of online retail’ is now so proverbial that the phrase itself is nearly redundant. Is anyone surprised to…

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Coronavirus dampens markets but boosts mask producers

Some years ago Bill Gates was asked in an interview what future scenario it was that kept him awake at…

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Ted Baker hanging by a thread amid £58m balance sheet black hole

If you have shares in Ted Baker, you are probably not having a good morning. The price has tanked by…

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The trillion-dollar club has gained Google as a member

Remember at school when teachers used to explain how one million was an essentially incomprehensibly large number? I recall one…

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