Tuesday, 28 May 2024

Business

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Domino’s delivers a pizza every 12 seconds as new Christmas tradition is born

Forget the roast turkey’s and KFC gravy, Britain has a new takeaway tradition – and it’s all thanks to Domino’s. The pizza chain has just revealed that on the Friday before Christmas it broke all records – delivering a record 535,000 pizzas to hungry families up and down the land. Domino’s chief executive David Wild […]

Retail sales on rise but department stores hit in December

Retail sales volumes excluding the motor trade rose 0.7pc in the month of December, according to new CSO statistics. Sales volumes were up 5.1pc on the same month the previous year, also excluding the motor trade. The sales data has been volatile in recent times, but has generally indicated an improving consumer appetite for spending. […]

'Delays likely' amid fears no deal will end free movement of horses

Fears are growing that Brexit could derail Ireland’s multi-billion euro horse racing and breeding industry. As the prospect of a no-deal Brexit grows ever more likely, industry chiefs have voiced their concerns over the movement of horses after the March 29 deadline. The racing and breeding industry in Ireland is worth about €1.8bn to the […]

Automation poses threat to Irish jobs, new survey finds

Three out of four Irish people think automation and robots will cause unemployment, a new survey claims. However, the iReach poll also says that most people believe robots will be good for the economy, estimating that the jobs under threat may exclude their own. The poll of 1,000 people found that just 16pc see “no […]

U.S. FTC approves Staples' acquisition of Essendant with conditions

WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Monday it had approved with conditions the proposed $482.7 million merger of office supply distributors Staples Inc and Essendant Inc. “Staples, which is owned by the private-equity firm Sycamore Partners, will establish a firewall separating Staples’ business-to-business sales operations from Essendant’s wholesale business,” the regulator […]

What’s Happening in the Economy? Here’s a Guide to the Data

The United States economy has grown for nearly a decade, its second-longest run ever without a recession, and investors are anxious about whether it can keep going. A month into the new year, they have plenty to worry about. The lift to corporate profits from the Trump administration’s tax cuts is waning, the United States […]

China Warnings From Caterpillar and Nvidia Hit U.S. Stocks

Corporate warnings about China’s sluggish economy hit stocks on Monday as the battle between the world’s largest economies over trade and technology continued to weigh on the outlook for growth and profits. The warnings, which came from the chipmaker Nvidia and the bulldozer builder Caterpillar, concerned very different sectors of China’s economy. But the message […]

Facebook plans content oversight board, tightens paid ad rules

BRUSSELS (Reuters) – Facebook Inc on Monday laid out plans for an independent content oversight board with the power to overturn company decisions on user posts, aimed at addressing concerns over misinformation and abusive behavior on the platform. The board’s 40 members would select cases to review as the world’s largest social media network tries […]

Tom Brokaw Apologizes for Comments About Hispanics and Assimilation

Tom Brokaw, the former anchor of “NBC Nightly News,” apologized Sunday evening for comments about Hispanics and assimilation he made earlier in the day on the network’s “Meet the Press.” “I feel terrible a part of my comments on Hispanics offended some members of that proud culture,” Mr. Brokaw tweeted. “I never intended to disparage […]

China brings U.S. tariff dispute to WTO, berates Washington for blocking judges

GENEVA (Reuters) – China triggered the legal process on Monday for the World Trade Organization to hear Beijing’s challenge to U.S. tariffs imposed on $234 billion of goods, and berated the United States for blocking the appointment of judges who could rule on it. A Chinese trade diplomat told a WTO meeting that China wanted […]