EVERY BHS store in the country will close within a month leaving 5,000 workers without a job. An announcement is expected on Monday confirming all 114 of the doomed chain's shops will close by August 20. Described as the biggest retail collapse since the closure of Woolworths in 2008, it is understood it would have...
Prime Minister Theresa May will continue to form her new government later — as she begins her first full day in Downing Street. Leading Brexit campaigner Boris Johnson said he was "humbled" having been named new foreign secretary, in one of Mrs May's first cabinet appointments. Philip Hammond became...
ANGELA Merkel will have to agree to a free trade deal with an independent United Kingdom because 750,000 jobs rely on cross-Channel exports, a senior economics analyst has warned today. Marc Biese urged German politicians to “think” about the vast economic benefits of close ties with Britain as the cavernous trade...
SUPERMARKET giant Tesco has announced it is slashing opening hours in dozens of stores up and down the country with more than 1,000 people facing redundancy. The chain is scrapping 24-hour opening times in 20 stores in a bid to stem the haemorrhaging of profits. Some 1,750 staff could lose their jobs as a result of the...
For about a year, nurses at the Svartedalens retirement home have worked six-hour days on an eight-hour salary. They're part of an experiment funded by the Swedish government to see if a shorter workday can increase productivity. The conclusion? It does. As with any cultural shift in the workplace, the six-hour day has to...
Ford Motor (F) said Tuesday it will invest $1.6 billion to build a new plant in San Luis Potosí, Mexico to build small cars, making it the latest automaker to expand its presence there. Ford's investment in Mexico will create more than 2,800 jobs by 2020, delivering a blow to the UAW, which pushed for higher wages in...
Forty years ago, Apple Computer was two guys in a Silicon Valley garage. Today, it's one of the world's largest publicly traded companies. The impact that founders Steve Jobs and Steve Wozniak would have was unimaginable when the company was created on April 1, 1976. Another Steve, VOA's Steve Baragona, goes back to...