Warren Buffett has become the sixth richest man in the world after his net worth soared by almost $24 billion in under five months. The owner of the multinational conglomerate Berkshire Hathaway now joins an elite club of men worth $100billion or more, that includes Jeff Bezos, Elon Mask, Bill Gates, Bernard Arnault, and Mark Zuckerberg. … Read more
GameStop shares jump for the fifth day running Tuesday with a nearly 100% gain after Chewy’s founder took over online sales and amid speculation Reddit investors will pour their stimulus checks into stocks. Shares of the retailer were up 23.5% to $239.80 in early trading, a day after the company entrusted leadership of its online … Read more
US drops tariffs on whisky, cashmere and Stilton as trade deal with Britain inches closer – two months after Liz Truss axed fees on American imports US said millions worth of tariffs on Scotch and other goods would be suspended Cashmere and cheese are also set to benefit from the American relaxation Comes a month … Read more
Bitcoin touched a market capitalization of $1 trillion as it hit yet another record high on Friday, countering analyst warnings that it is an ‘economic side show’ and a poor hedge against a fall in stock prices. The world’s most popular cryptocurrency jumped to an all-time high above $54,000, setting it on course for a … Read more
Government’s £2billion Kickstart scheme to get young people on universal credit into jobs has seen fewer than 2,000 start new roles in its first five months Kickstart programme launched in September and offers work placements Just 1,868 people have started their placements in the UK as of January 15 Work and Pensions Secretary Therese Coffey … Read more
Asos will build giant £90m warehouse in UK and recruit 2,000 workers over next three years – after £142m profits amid surge in online sales due to Covid Asos saw its annual profits quadruple amid surge in online pandemic shopping It is now set to open a £90 million UK warehouse which will be staffed … Read more
Stationery chain Paperchase is on the brink of administration as new Covid lockdown puts 1,500 jobs and 173 stores at risk Paperchase appointed accountancy firm PwC to handle administration process Approximately 1,500 jobs and 173 stores are on the line for the stationery retailer The retailer usually makes 40 per cent of its sales over November … Read more
Walt Disney Co will lay off about 32,000 workers – 4,000 more than the 28,000 announced in September – as the company continues to struggle with its theme parks due to coronavirus closures and restrictions. The increased cuts were announced on Wednesday and will take place in the first half of 2021, the company said in … Read more
Rishi Sunak is set to rewrite Treasury’s rules to ‘level up’ the North: Chancellor will use spending review to ensure investment in infrastructure previously skewed towards London and South East Rishi Sunak set to abolish the Treasury’s ‘Green Book’ rules on public investment Critics say the rules have favoured pumping investment into wealthier areas Treasury … Read more
When will I ever learn? All I can say in my defence is that I’m not alone. In common with pretty well every pundit on both sides of the Atlantic, I assumed Joe Biden would trounce Donald Trump. The polls uniformly predicted a Biden landslide. On the eve of the election, a ten-point lead for … Read more