BUSINESS

BUSINESS
International headwinds offset Thai economy’s gainsNew!!

Share your expressionDespite the fast-rising inflation driven largely by food and energy costs, some economic research houses have recently revised upward or at least maintained their economic growth projections for Thailand for the year. Siam Commercial Bank’s Economic Intelligence Center (EIC) recently revised upward its economic growth forecast to 2.9 percent this year, up slightly […]

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BUSINESS
Heathrow Airport announces more flight cancellationsNew!!

Share your expressionHeathrow Airport has asked airlines to remove 30 flights from Thursday morning's schedule because it is expecting more passenger numbers than it can currently cope with. In total, 1,200 flights were scheduled to leave throughout the day. The airport claims the cancellations are necessary for both safety and to ensure as many passengers […]

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BUSINESS
Steel import tariffs extended for two yearsNew!!

Share your expressionTariffs on steel imports that were due to expire will be retained for a further two years, the government said. International Trade Secretary Anne-Marie Trevelyan said the plans departed from the UK's "international legal obligations" but was in the "national interest" to protect steel makers. She added the decision was made due to […]

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BUSINESS
Why business is still optimistic about Hong KongNew!!

Share your expressionOn a cloudy June day, the Jumbo Floating Restaurant was towed out of Hong Kong's Aberdeen harbour. The giant six-storey structure - in the shape of a Chinese imperial palace - crept past yachts a fraction of its size earlier this month before a foghorn signalled its entry into the open sea. The […]

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BUSINESS
Hajj travellers unable to fly due to ticket delayNew!!

Share your expressionSome British Muslims who booked pilgrimages to Mecca have been unable to board a flight as problems with a new Saudi registration system continue. About a dozen people were told they could not fly from Manchester on Saturday as e-tickets covering flights and the Hajj were not issued in time, the Council of British […]

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BUSINESS
Royal Mail workers to vote on strike over payNew!!

Share your expressionMore than 115,000 Royal Mail workers will begin voting today over whether to go on strike over pay. Ballot papers will be dispatched to the Communication Workers Union (CWU) members, with the result on 19 July. Should workers vote in favour of industrial action, the CWU said it could amount to the biggest […]

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BUSINESS
Credit Suisse bank found guilty over money laundering chargesNew!!

Share your expressionCredit Suisse has been found guilty and fined for involvement in money laundering related to a Bulgarian drugs ring. Switzerland's criminal court found that the bank did not do enough to prevent members of the crime syndicate from profiting off the trafficking of cocaine in to Europe. It was fined around £1.7m and […]

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BUSINESS
Sainsbury's pressed to pay more to subcontracted workersNew!!

Share your expressionPressure is mounting on Sainsbury's to ensure all its workers are paid the real living wage. Sainsbury's already pays its direct employees more than the rate set by the Living Wage Foundation, which is higher than the government-set minimum wage. But some investors are calling for it to sign up to the Living […]

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BUSINESS
Roe v Wade: US firms pledge to pay staff travel expenses for abortionsNew!!

Share your expressionMajor companies including Disney, JP Morgan and Facebook owner Meta have told staff they will cover employee travel expenses for abortions, as millions of US women face restricted access. It follows a landmark ruling by the US Supreme Court that overturned the constitutional right to abortion. The judgement paves the way for individual […]

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BUSINESS
Could flat tyres soon be a thing of the past?New!!

Share your expressionThe sight of a car limping along on a near-flat tyre, or a roadside wheel change are still common. So is the expense of replacing tyres that have worn out prematurely, perhaps because the driver may not have been checking the pressure as regularly as they should. Sometimes it's difficult not to feel […]

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BUSINESS
Ukraine war: UK joins ban on imports of Russian goldNew!!

Share your expressionThe UK, US, Canada and Japan will ban imports of Russian gold in an effort to hit Moscow's ability to fund the war in Ukraine. The UK PM said the move would "strike at the heart of Putin's war machine". Gold exports were worth £12.6bn ($15.4bn) to Russia in 2021, and the UK […]

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BUSINESS
Boris Johnson 'actively thinking about' third term as PMNew!!

Share your expressionBoris Johnson has said he is "actively thinking" about a third term, amid criticism of his leadership. The prime minister was asked if he would like to serve a full second term in office - to 2028 or 2029. "At the moment I'm thinking actively about the third term and what could happen […]

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BUSINESS
Why the Ukraine war may power Asia's green energy shiftNew!!

Share your expressionFor years there have been calls for Asia - which is home to some of the world's biggest CO2 emitters - to ditch fossil fuels to help tackle climate change. Countries in the region - including its three biggest economies China, Japan and India - were criticised last year for not making a […]

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BUSINESS
Netflix cuts 300 more jobs after subscriptions fallNew!!

Share your expressionNetflix has announced another round of job cuts as it grapples with slowing growth and increased competition. The streaming giant said it was cutting 300 more jobs - roughly 4% of its workforce - mostly in the US, after axing 150 people in May. The moves come after the company reported its first subscriber […]

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BUSINESS
Caviar sales soar as more people get a taste for posh fish eggsNew!!

Share your expressionWhen high-end restaurants around the globe had to close their doors during the Covid lockdowns, things didn't look good for the world's caviar producers. Add glitzy events being cancelled, and cruise liners not being able to leave port, and you might think that it spelled disaster for the sellers of wincingly expensive fish […]

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BUSINESS
Nike latest brand to leave Russia permanentlyNew!!

Share your expressionNike has announced plans to leave Russia, becoming the latest Western brand to quit the country since the invasion of Ukraine in February. The US sportswear giant halted online orders and closed the stores it owned in the country in March. Shops run by local partners continued to operate, but the firm is […]

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BUSINESS
US parents turn to black market due to formula shortageNew!!

Share your expressionMum Lauren Galvin needed to get extra milk into her baby. He was spitting up so much after nursing that he wasn't gaining weight and had to be taken to hospital, twice. But, with the US in the grips of a severe national shortage of infant formula, she couldn't find any to buy. […]

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BUSINESS
Toyota recalls electric cars over concerns about loose wheelsNew!!

Share your expressionMotor industry giant Toyota is recalling 2,700 of its first mass-produced all-electric vehicles over concerns their wheels may fall off. A spokesperson told the BBC that bolts on the bZ4X's wheels "can loosen to the point where the wheel can detach from the vehicle" after "low-mileage use". The recall comes less than two […]

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BUSINESS
Juul: US bans all products from leading vaping companyNew!!

Share your expressionThe US is banning the sale of all products sold by Juul, one of the country's top e-cigarette companies. The Food and Drug Administration (FDA) said it did not have enough data to be sure that marketing the firm's products was "appropriate for the protection of public health". Juul said it would challenge […]

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BUSINESS
Two killed as Nio electric car falls from third floor office in ShanghaiNew!!

Share your expressionChinese electric carmaker Nio says that two people were killed when one of its vehicles fell from the third floor of its headquarters in Shanghai. One member of staff and a person from a partner company died in the crash. The incident took place on Wednesday at around 17:20 local time, the firm […]

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BUSINESS
The staff shortage slowing down air cargo and bags

Share your expressionWhen photos emerged of the largest cargo plane in the world reduced to a smouldering husk, at Hostomel airport in Ukraine, Dan Morgan-Evans recalled the many times his company had chartered it for urgent freight deliveries. That includes transporting personal protective equipment (PPE) and antigen tests during the pandemic - but also plastic Christmas […]

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BUSINESS
Union rejects Rolls-Royce £2,000 living-cost bonus

Share your expressionA union representing Rolls-Royce workers has rejected the offer of a £2,000 one-off payment from the firm to help its staff with the rising cost of living. Of the 14,000 staff at Rolls-Royce who were eligible for the payment, 11,000 members are unionised. Unite said the offer "falls far short of the real […]

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BUSINESS
Inflation hits fresh 40-year high as cost of living crisis deepens

Share your expressionFuel and food were among the biggest drivers of price growth across the economy UK inflation has hit a fresh 40 year high, climbing 9.1 per cent in the 12 months to May, up from 9 per cent in April. The ongoing surge is partly driven by energy costs, after an increase of […]

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BUSINESS
Netflix talks with Google about ads as Sarandos is set to address Cannes this week

Share your expressionCANNES, France – As the world’s biggest advertising conference gets underway here this week, all eyes will be on Netflix for clues on how the streaming giant plans to break from its ad-free business model to offer a cheaper subscription for the first time. Netflix Co-CEO Ted Sarandos is scheduled to cap off a week […]

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BUSINESS
BetMGM Announces Agreement with Sony Pictures Television, IGT to Launch Online Wheel of Fortune Casino

Share your expressionJERSEY CITY, N.J. , June 21, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today an agreement with Sony Pictures Television and International Game Technology PLC ("IGT") (NYSE: IGT) to launch Wheel of Fortune Casino, set to become the first full brand-led online casino in North America. Wheel of Fortune, an iconic American gameshow, is […]

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BUSINESS
CEO Secrets: Older women strike out in lockdown

Share your expressionAs part of our CEO Secrets series, which invites entrepreneurs to share their advice, we are focusing on businesses that have launched during lockdown. Each week we will look at a different type of person. This week we speak to female entrepreneurs aged over 50. “If you feel it, just do it,” is […]

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