MONEY

Primark UK stores closing ‘until further notice’

Primark UK stores closing ‘until further notice’

Primark’s 189 UK stores have closed “until further notice”, as demand drops due to social-distancing during the coronavirus pandemic. It has already shut stores elsewhere and said it wanted to protect the health of employees and customers. The fashion chain’s CEO Paul Marchant said it faces “unprecedented, and frankly unimaginable times”. Other High Street retailers, such […]

Coronavirus: A visual guide to the economic impact

Coronavirus: A visual guide to the economic impact

The coronavirus outbreak, which originated in China, has infected more than 200,000 people. Its spread has left businesses around the world counting costs. Here is a selection of maps and charts to help you understand the economic impact of the virus so far. Global shares take a hit Big shifts in stock markets, where shares […]

Parents in Japan and Hong Kong struggle as schools shut

Parents in Japan and Hong Kong struggle as schools shut

Costs could grow for parents in Japan and Hong Kong, with schools shutting until April because of the coronavirus. Hong Kong schools are already facing pressure to refund fees as children are forced to stay at home. Schools there have been closed since late January and will remain closed until at least 20 April. On […]

Tim Cook says Apple’s first Indian store to open 2021

Apple’s chief executive Tim Cook said the company would open its first physical stores in India in 2021 and a online outlet later this year. Apple had to seek special approval from the Indian government to open a store without a local partner. The announcement was made at the company’s annual shareholders’ meeting. Investors at […]

Global stock markets suffer sixth day of losses

Global stock markets suffer sixth day of losses

Global investors were hit with a sixth day of stock market losses on Thursday, as traders responded to the threat of the coronavirus. The string of declines pushed indexes in Europe and the US down more than 10% from their recent highs – sending them into so-called “correction” territory. In the US, the three main […]

Pound surges to two-year high against the euro

Pound surges to two-year high against the euro

Sterling has jumped after opinion polls suggested the UK would avoid a hung parliament after next week’s election. The pound reached a seven month high against the dollar and its highest level against the euro since May 2017. The move came after polls suggested a 10-point lead for the Conservative party and a parliamentary majority. However, analysts […]

US threatens tax on champagne and French cheese

US threatens tax on champagne and French cheese

The Trump administration is threatening to slap import taxes on $2.4bn worth of French goods in retaliation for the country’s new digital services tax. The US says the tax penalises firms like Google, Amazon and Facebook, and is proposing to hit back with tariffs of up to 100% on products including cheese, champagne and handbags. […]

Twitter prepares for huge cull of inactive users

Twitter prepares for huge cull of inactive users

Twitter will begin deleting accounts that have been inactive for more than six months, unless they log in before an 11 December deadline. The cull will include users who stopped posting to the site because they died – unless someone with that person’s account details is able to log-in. It is the first time Twitter […]

De-clutter guru Marie Kondo opens online store

De-clutter guru Marie Kondo opens online store

Japanese tidying guru Marie Kondo, who made her name preaching against clutter, is launching an online store selling homeware and fashion. The author and media star has added a collection of more than 100 items that “spark joy” to her KonMari website. The range includes, among other things, an $86 (£66.3) scented candle and a $42 (£32.4) […]

McDonald’s UK staff join global day of protests over pay

McDonald’s UK staff join global day of protests over pay

McDonald’s workers in the UK have gone on strike as part of a global day of protests over pay. Staff at six South London stores are walking out on Tuesday, while protests will be held across the UK, including outside Downing Street. They are demanding an end to “poverty pay” rates and better terms and […]

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