Wednesday, 15 Jan 2025

Business

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No Brexit deal is better than a bad deal, DUP's Nigel Dodds tells conference

No Brexit deal is better than a bad deal, a leading Democratic Unionist MP has told his party conference. Nigel Dodds was speaking just days after MPs voted down Prime Minister Theresa May’s approach to the Brexit talks. MPs voted by 303 to 258 against a motion endorsing the government’s negotiating strategy. With just over […]

In Amazon Fight, Progressives Showed What They Want: A New Economic Agenda

The political opposition that prompted Amazon to walk away from building a corporate headquarters in New York City featured a touchstone of the progressives’ economic agenda: ending tax policies that unfairly reward and pamper the wealthy. But it also exposed a political vulnerability, leaving unclear what alternative strategy they are offering to encourage growth and […]

Ulster Bank seeing more customers paying arrears

ULSTER Bank has seen an increase in payments from borrowers who are in deep mortgage arrears, following last year’s sale of a €1.4bn portfolio of distressed home loans to the US investment giant Cerberus. Another major sale is now planned which will be made up exclusively of residential mortgages and is expected to close in […]

Payless ShoeSource to start liquidation sales at stores

(Reuters) – U.S. discount retailer Payless ShoeSource Inc said on Friday it would begin going-out-of-business sales at its U.S. and Puerto Rico stores on Feb. 17 and wind down its e-commerce operations. Payless expects all stores to remain open until at least the end of March and the majority will remain open until May, a […]

Hard border must be on the table in no-deal Brexit – Angela Merkel told Leo Varadkar

German Chancellor Angela Merkel told the Taoiseach a hard border has to be on the table in a no-deal Brexit scenario, it has emerged. Europe’s longest-serving leader questioned Leo Varadkar’s hard-line stance on the Border amid fears it was undercutting the EU’s negotiating position. The Irish Government has repeatedly insisted it is not preparing to […]

Nvidia forecasts demand rebound, Wall Street not so sure

(Reuters) – Nvidia Corp’s forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was “aggressive” given weak demand and the ongoing U.S.-China trade war. The chip designer on Thursday forecast full-year revenue to […]

Tabasco are giving away one years supply of their new Green Sauce for FREE

Tabasco has partnered up with Tabasco to help Brits eat better, and to celebrate they’re giving away a year’s supply of their new Green Sauce. Spice fans will be able to win one year’s supply of TABASCO® Green Sauce, Melissa Hemsley’s book ‘Eat Happy’ and a TABASCO® Brand reusable water bottle. Tabasco has launched their […]

Payless ShoeSource to start liquidation sales at stores

(Reuters) – U.S. discount retailer Payless ShoeSource Inc said on Friday it would begin going-out-of-business sales at its U.S. and Puerto Rico stores on Feb. 17 and wind down its e-commerce operations. Payless expects all stores to remain open until at least the end of March and the majority will remain open until May, a […]

Progress in U.S.-China trade talks sparks world stock rally

NEW YORK (Reuters) – Progress in the U.S.-China trade talks helped send world stock markets broadly higher on Friday and pulled investors out of the safety of government bonds. Europe’s broad Stoxx 600 index rallied 1.4 percent. The Dow Jones Industrial Average rose 443.86 points, or 1.74 percent, to 25,883.25, the S&P 500 gained 29.87 […]

Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade

MEXICO CITY (Reuters) – Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix. Falling oil output, corruption and high labor costs have contributed to the decline of the […]