Burger King still operating in Russia despite vow to quit 18 months ago October 3, 2023 Burger King is still operating in Russia despite a promise from its owner that it would cease operations in the country more than a year ago. Restaurants Brand International (RBI) – which owns 15 per cent of the fast food chains franchise business in Russia- told the BBC it had “no new updates to share [...]
END OF AN ERA: Mikhail Gorbachev, last Soviet leader who ended cold war without bloodshed, dies aged 91 August 31, 2022 Mikhail Gorbachev, the former Soviet Union president and Nobel Peace Prize winner, credited with ending the Cold War, has died aged 91 Gorbachev ended the Cold War without bloodshed but failed to prevent the collapse of the Soviet Union, while introducing Russia to western brands like Pizza Hut and McDonald’s. Gorbachev, the last Soviet president, [...]
Ikea announces sale in Russia ahead of exit as staff run through store in search of a bargain July 5, 2022 People were seen running through Russian Ikea stores to grab a bargain as the retailer announced it is holding a sale before quitting the country. Footage shared online reportedly showed people sprinting through a store, while the Russian-language site for the Swedish furniture giant reportedly went down under weight of demand. The flat-packing retailer announced [...]
Innovate Finance slammed for hosting Hong Kong minister at London conference April 15, 2023 Fintech industry body Innovate Finance has been criticised over its decision to invite a senior Hong Kong finance minister to speak at a London conference next week as the territory’s government continues its political crackdown. Activists and MPs have hit out at the group’s decision to host Hong Kong’s financial services secretary Christopher Hui speak [...]
Markets: Asian exchanges open slow as Israel-Gaza conflict weighs on sentiment October 30, 2023 Asian share markets were mixed on Monday as Israel’s push into Gaza stirred fears of a wider conflict ahead of central bank meetings in the United States, Britain and Japan, the latter of which might see a policy tightening. The earnings season also continues with Apple, Airbnb, McDonald’s, Moderna and Eli Lilly & Co among the [...]
Gen Z may love reading, but that won’t save the UK’s struggling libraries February 28, 2024 Gen Z are making reading cool, but that won't help the widespread crisis facing UK public libraries, writes Anna Moloney.
Mini budget continues to wreak havoc on the UK housing market as annual sales dive 18 per cent March 21, 2023 UK property transactions fell four per cent in February as the fall out from last September’s mini budget continued to drive down the UK’s housing market. Sales of residential property fell 18 per cent during the year with just 76,920 transaction across the UK, as buyers were forced to deal with higher borrowing costs as [...]
Hong Kong and Tokyo: Why Asian markets declined after Credit Suisse’ takeover March 20, 2023 Asian stock markets fell on Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis. Ahead of a Federal Reserve meeting to decide on more possible interest rate hikes, markets in Hong Kong, Tokyo and Sydney declined. While in Shanghai, stocks edged up. Oil prices also retreated. [...]
James Watt: I want to help young entrepreneurs learn from Brewdog mistakes April 3, 2023 Most public figures who have found themselves embroiled in the number of scandals that James Watt, the chief executive of craft beer firm BrewDog, has managed would by now surely have retreated from the public spotlight. However, that is not Watt’s style. The outspoken founder of the Punk IPA brand is once again generating his [...]
Mark Kleinman: Is troubled Burberry heading for a chequered flag? July 25, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at Burberry’s threads wearing thin, Hammerson’s big Bicester sale and Love Island Is troubled Burberry heading for a chequered flag? Not only a chequered recent past, but on current evidence every [...]