In retaliation against Western sanctions, the Russian government has banned the sale of Russian assets. So firms that, in recent years, have been encouraged to establish a presence in Russia, to make breakfast cereals or detergents, are “locked in” with local businesses, staff and supply chains.
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Holidays: Travel industry begs for ‘route out of crisis’
admin, , Business, 0
The industry said the government needs to provide tailored financial support to help travel businesses through, including grants that...
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Whitbread to cut 6,000 jobs as hotel demand slumps
admin, , Business, 0
Image copyright Whitbread Whitbread, which owns Premier Inn and Beefeater, has warned that 6,000 staff could lose their jobs....
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New car registrations fall to lowest level for two decades
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Trade body the SMMT said UK new car registrations fell 35% due to a shortage of computer chips.
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Post Office boss to return bonus after Horizon scandal
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Mr Read added on Wednesday: “While neither the Simmons & Simmons report nor the Amanda Burton report found any...
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Marmite maker Unilever to cut 1,500 jobs worldwide
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Unilever’s 80 brands are currently divided into three divisions: Beauty & Personal Care, Food & Refreshment, Home Care. The...
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Rail strike: Four out of five trains won’t run during strikes
admin, , Business, 0
Network Rail, which owns and maintains the country’s railways, said there would also be no passenger services to locations...
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Reeves welcomes IMF’s improved growth forecast
admin, , Business, 0
The UK economy is set to “accelerate”, the International Monetary Fund (IMF) has said as it raised its growth...
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Tesla ‘disaster’ with fewest deliveries since 2022
admin, , Business, 0
At the same time, some investors in the firm have voiced concerns that its line-up of products has grown...
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