Thursday, 2 Jul 2020

Business

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Mountain Warehouse sees profits hitting new heights

The outdoors clothing-to-kit retailer reported a 12% rise in total sales to £84.7m during the 13 weeks to 6 January – aided by new store openings and a leap of almost 25% in online sales during the period. The company, which currently trades from 340 stores employing more than 3,000 staff, said its planned expansion […]

Aldi’s £44,000 a year jobs pay same as world’s top law firms

Graduates who take a job at Aldi can expect a starting salary similar to those who head to the world’s top law firms, a report has found. The £44,000 pay package of the budget supermarket’s graduate scheme, which also includes a company Audi, is on par with similar programmes at the international law firms Baker […]

Asia keeps calm as China cools, Brexit news awaited

SYDNEY (Reuters) – Asian markets kept their nerve on Monday as data showed the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade. Investors are also waiting to hear British Prime Minister Theresa May’s ‘Plan B’ for Brexit which […]

China should boost banks' active support for economy: central bank official

SHANGHAI (Reuters) – Encouraging China’s banks to actively increase support for the real economy, rather than relying on authorities’ orders to boost lending, is the key to improving the supply of credit in the economy, a central bank official said on Monday. Problems with timely capital replenishment, bank liquidity gaps and poor rate “transmission” are […]

Berkshire denies media report on accord to extract lithium

(Reuters) – A unit of Berkshire Hathaway Inc denied a report on Sunday that it reached an agreement to allow extraction of lithium from its geothermal wells in California, a project that could offer U.S. carmakers and battery producers a secure supply of the metal. “There is no agreement in place with anybody to allow […]

Oil rises to 2019 highs on strong China demand despite economic slowdown

SINGAPORE (Reuters) – Oil prices rose to their highest for 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record in 2018, despite a slowing economy last year. Prices are further being supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC), […]

Asia holds breath for China data, Brexit news

SYDNEY (Reuters) – Asian markets were in limbo early on Monday ahead of data likely to show the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade. Investors are also waiting to hear British Prime Minister Theresa May’s ‘Plan […]

BuzzFeed News in Limbo Land

This is, in many respects, a golden age for journalism. With a president facing multiple federal and state inquiries — including one into whether a foreign government helped get him elected — the press has come through with some investigative work that can stand with the finest Watergate-era reporting. Among readers and viewers, there’s a […]

Surbana building new campus for global HQ

Urban and infrastructure consultancy Surbana Jurong is building a new campus for its global headquarters in the upcoming Jurong Innovation District. The ground-breaking ceremony for the 68,915 sq m development was held yesterday. Surbana Jurong Campus, as the building is named, will be completed by 2021 and can accommodate up to 4,000 employees. It is […]