Cross-Channel train operator Eurostar has secured a refinancing from its shareholders and banks worth £250m as it bids to build a recovery from the coronavirus crisis. The company, which is 55% owned by French state rail company SNCF with the balance held by two private consortia, said the deal was “key” to securing its immediate […]

By RNZ A group representing farmers’ markets has complained to the Commerce Commission about an item being sold in some Countdown supermarkets. In some stores, Countdown is selling re-usable jute shopping bags that have the words “FARMERS MARKET” printed on them as part of the design. The supermarket chain said the bags were not Countdown […]

(Reuters) – Technology stocks pulled Wall Street’s main indexes lower on Monday, with the Nasdaq Composite index falling about 1% as signs of growing inflationary pressures raised concern about monetary policy tightening.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File […]

By Brooks Barnes Jason Kilar has hired a legal team to negotiate his departure as chief executive of WarnerMedia, according to two people briefed on the matter. AT&T, which owns WarnerMedia, said on Monday that it had agreed to spin off the division and merge it with a rival media company, Discovery Inc. Mr. Kilar […]

The proportion of people working from home (WFH) more than doubled last year as coronavirus crisis rules tore through UK workplaces, according to official figures. The data, compiled from a survey by the Office for National Statistics (ONS), showed 25.9% – or 8.4 million people – were completing duties from their place of residence at […]

Melinda French Gates voiced concerns about her husband’s relationship with Jeffrey Epstein and a harassment claim against his money manager. By Emily Flitter and Matthew Goldstein By the time Melinda French Gates decided to end her 27-year marriage, her husband was known globally as a software pioneer, a billionaire and a leading philanthropist. Source: Read […]

In surveys and political discourse, Republicans are increasingly critical of corporations, but not for the reasons Democrats have long held that view. By Ben Casselman and Jim Tankersley Republicans in Washington and around the country have soured on big business, joining Democrats in expressing concern that corporations wield too much influence. The shift has left […]

Retail sales held steady in April after rising 10.7 percent the previous month, as Americans continued to spend government stimulus payments. By Sapna Maheshwari Retail sales were flat last month after a buoyant March, the Commerce Department said on Friday, as Americans continued spending their latest round of government stimulus checks. April’s number was a […]

HONG KONG (BLOOMBERG) – Hong Kong’s luxury real estate sector continues to hit new highs, defying a declining rental market in the city. A house on 73 Mount Kellett Road on the Peak was leased for HK$1.6 million (S$275,000) a month, Hong Kong Economic Times reported, citing unidentified sources. That translates into about US$2.5 million […]

Dillard’s is definitely seeing the light at the end of the tunnel. The Little Rock, Ark.-based department store reported after the market close on Thursday that after logging a loss a year ago, it was back in the black in the first quarter ended May 1, 2021. The company reported net income of $158.2 million, […]