The US has ordered border officials to block shipments of clothing, computer parts and other products made at select locations in China’s Xinjiang region. The move is the latest by the Trump administration to put pressure on China over its treatment of Xinjiang’s Uighur Muslims. The US said the sites use forced or prison labour. […]

JD Wetherspoon has said that 66 of its workers have tested positive for the coronavirus but maintains that visiting pubs is safe. The company, which employs more than 41,000 people, said the vast majority of its pubs had recorded no positive tests for the virus. There had been one or more cases among staff at […]

“As soon as women show any visible signs of ageing, they are viewed as not only less attractive, but less competent,” says 72-year-old Bonnie Marcus. The founder of Bonnie Marcus Leadership in Santa Barbara, California, she coaches women on how to advance their careers and hosts the podcast Badass Women at Any Age. She argues […]

Retail sales rose above pre-pandemic levels in July as a rebound in demand continued, according to official figures. The Office for National Statistics (ONS) said retail sales volumes rose by 3.6% between June and July. It said sales are now 3% higher than February before the World Health Organization declared a pandemic and the UK […]

UK government debt has risen above £2 trillion for the first time amid heavy spending to support the economy amid the coronavirus pandemic. Spending on measures such as the furlough scheme means the debt figure now equals the value of everything the UK produces in a year. Total debt hit £2.004tn in July, £227.6bn more […]

The US economy shrank at a 32.9% annual rate between April and June as the country grappled with lockdowns and spending cutbacks during the pandemic. It was the deepest decline since the government began keeping records in 1947 and three times more severe than the prior record of 10% set in 1958. Reduced spending on […]

A list of Pizza Hut restaurants that are to close permanently has been revealed in the wake of restructuring plans announced this week. The company said on Wednesday that 29 of its 245 outlets were to go – placing 450 of its 5,500 staff at risk of losing their job – as it aimed to […]

BOSTON (Reuters) – Elliot Management is giving up its board seat at eBay Inc (EBAY.O), the company said on Thursday, less than two years after laying out a blueprint for improvements at the ecommerce company that included divestitures and led to a doubling of the stock price. Elliott partner Jesse Cohn, who runs the hedge […]

Scottish-born Citigroup executive Jane Fraser is to become the first woman to lead a Wall Street bank after being announced as the firm’s next boss. Cambridge-educated Ms Fraser, who began her career at Goldman Sachs in London, will take over from current chief executive Michael Corbat in February. The 53-year-old’s promotion to one of the […]

(Reuters) – The S&P 500 edged higher in volatile trading on Thursday as investors cautiously bought heavyweight tech-related stocks after a recent selloff while awaiting more coronavirus fiscal aid amid growing evidence of a choppy economic rebound. Amazon.com rose 1.3% and Tesla Inc jumped 6%, supporting the Nasdaq’s advance. Stay-at-home winners Apple Inc, Microsoft Corp […]