Business

A political Fed

Picture copyright Getty Photos Picture caption Jerome Powell was chosen by Donald Trump to chair the US Federal Reserve “I respect his independence,” stated US President Richard Nixon. “Nevertheless, I hope that independently he’ll conclude that my views are those that needs to be adopted.” As threats go, it wasn’t precisely delicate. The 12 months was 1970 and Mr Nixon had simply sworn in Arthur Burns as chair of the

3am epiphany

Picture copyright Kikki.Ok Picture caption After a sleepless evening worrying about her future, Kristina Karlsson acquired off the bed at 3am and put her goals on paper A eureka second led Kristina Karlsson to launch a stationery enterprise within the 1990s. It is since gone international and has gross sales of 80m Australian ($60m; £46m). Ms Karlsson has all the time described herself as a “stationery freak”, the form of

Testing values

Picture copyright Getty Pictures Picture caption The Pisa exams are going to check international locations on how nicely younger individuals can work collectively Worldwide training rankings are going to check a really completely different sort of talent subsequent yr. The Pisa exams, which examine youngsters’ potential in studying, maths and science, for the primary time are additionally going to check “international competence”. It is a vital departure to maneuver from

The pig farmer taking up Tesco

Picture copyright Richard Baugh Pig farming generally is a messy enterprise, however some say supermarkets are enjoying a good dirtier sport. Richard Baugh’s household have been elevating pigs for 3 generations at Woodside Farm in rural Nottinghamshire. However Mr Baugh says he is been compelled to vary the title of his enterprise after Tesco rebranded its personal label pork merchandise as “Woodside Farms”. He is now threatening authorized motion if

HS2 redundancy pay ‘stunning waste’ of taxpayer money

Picture copyright Different Picture caption A pc generated picture of an HS2 practice on the Birmingham and Fazeley viaduct Unauthorised redundancy funds made by the state-owned firm managing the HS2 rail mission have been a “stunning waste of taxpayers’ cash”, MPs have stated. The Public Accounts Committee stated the agency overseeing development of a high-speed rail line supplied employees phrases “properly in extra” of authorised ranges. The MPs blamed “weak

Sleep in a showroom

Picture copyright Simon Groves Picture caption Friends get to sleep over in a John Lewis retailer As extra of us store on-line, retailers are utilizing quirky occasions and experiences to lure us again to the Excessive Avenue. However will it work? To many, the thought of spending an evening in an empty store will conjure visions of hell. In any case, how would you entertain your self, and would not

Money controversy: The Excessive Streets with too many ATMs

Consumers in Gallowtree Gate, within the centre of Leicester, ought to by no means discover themselves wanting money. Inside a 5 minute stroll they will discover no fewer than 68 money machines, or Automated Teller Machines (ATMs) as they’re extra correctly identified. Together with machines contained in the banks themselves, there are 41 inside a minute of one another, the best focus of ATMs within the UK. The proliferation of

Sky Information faces unsure future after Disney-Fox deal

Picture copyright Getty Photos Walt Disney’s settlement to purchase most of 21st Century Fox’s enterprise for $52.4bn (£39bn) has raised additional questions concerning the Sky Information channel’s future. Earlier than information of the deal, Rupert Murdoch’s Fox had been attempting to purchase the 61% of satellite tv for pc broadcaster Sky that it doesn’t but personal. That try attracted the scrutiny of the Competitors and Markets Authority (CMA), which is

Britvic confirms Norwich manufacturing unit closure

Picture caption Britvic co-owns the location with Unilever, which owns Colman’s Mustard Britvic has confirmed it should depart its Norwich web site, with a lack of lots of of jobs within the metropolis, in 2019. The drinks producer, which co-owns Carrow Works with Unilever, stated it will switch manufacturing of Robinsons and Fruit Shoot to its different websites. It stated it will provide staff redeployment and “assist to search out

Unilever sells margarine enterprise to KKR for £6bn

Picture copyright Newscast Unilever has agreed to promote its margarine and spreads enterprise, which embrace Flora and ProActiv, to personal fairness big KKR for €6.8bn ($8bn, £6bn). The transfer follows a wide-ranging assessment of its enterprise which was prompted by a takeover try by rival Kraft. Unilever stated it might search for a purchaser of the spreads enterprise in April. On the time, it stated the agency would step up