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UK Business Secretary Peter Kyle urged pension funds to increase investment in British companies, threatening legal mandates if voluntary efforts fail. He expressed frustration with the lack of domestic investment despite government initiatives and reforms, emphasizing a "patriotic duty" for asset managers.
Volkswagen's supervisory board will review drastic proposals to cut up to 100,000 jobs and close German factories. Unions have organized protests across 18 sites, warning against placing the burden on the workforce.
Marks & Spencer is set to make its debut at London Fashion Week this autumn, celebrating its 100th anniversary in fashion. The British retailer aims to showcase its designs on a global stage and attract a younger demographic with trend-driven collections.
Marks & Spencer is joining London Fashion Week this autumn to mark its 100th anniversary in fashion. CEO Stuart Machin aims to transform the retailer into a fashion destination, showcasing designs on a global stage and appealing to younger demographics with trend-driven collections.
UK students who paid thousands for overseas conservation placements have lost their money after eco tour operator GVI went into liquidation on July 1. The company, which offered volunteer and internship programs, ceased trading, leaving students with no refunds and conservation projects in Africa and South America facing financial uncertainty.
US stock markets declined Wednesday due to ongoing strikes on Iran and Federal Reserve signals of potential interest rate hikes. Brent crude oil surged over 5% to $80 a barrel following Trump's declaration that the Iran-US ceasefire is over.
