Business and Economics

Oxford University study each robot performs the roles of 3.6 workers.

At least 75 ASDA stores could close in merger with Sainsbury’s, according to new analysis. The recently-announced merger will create Britain's biggest supermarket chain, but regulators could be looking to see how many Asda stores are in close proximity to Sainsbury’s before giving it the go-ahead. Early research has revealed that while almost half Asda stores had a Sainsbury’s in the same postal district (the first half of the postcode, known as the ‘outcode’), many of these were Sainsbury’s Local stores,...

Sainsbury's has confirmed plans to merge with Asda, which is currently owned by US supermarket giant Walmart. The supermarkets said that grocery prices would fall in both chains as a result of the merger. The ASDA head offices in Leeds West Yorks., as the Wal-Mart company announces a merger deal with rival Sainsburys, April 30 2018. Sainsbury's chief executive Mike Coupe said the deal would lead to no store closures and no job losses in stores. The combination of the...

Robert Peston has described a £300 billion negative swing in foreign investment as "jaw-dropping" after new figures revealed FDI has dropped off a cliff since the Brexit vote. Global FDI flows reached their lowest level since 2013 in the fourth quarter of 2017, according to OECD figures. Inflows to the OECD area decreased by 37 per cent, largely driven by decreases in the United Kingdom and the United States from high levels in 2016. Outflows from the OECD area decreased...

British Overseas Territories are playing a huge role in laundering dirty money from Russia, analysis of figures from the IMF and Russian Central Banks has revealed. The amount of money held by Russians in the UK is dwarfed by the amount held in the British Overseas Territories, which include some of the world’s most significant tax havens. The Global Witness report, Missing the Bigger Picture, is released as politicians have called for a crackdown on criminal and corrupt cash from Russia...

Polling shows the public expect a recession within the next 2 years GMB, Britain’s general union, has called on the Government to 'get it's act together' as ONS figures released this morning showed GDP struggling at just 0.1% growth in the first quarter of 2018. Recent polling by Survation on behalf of GMB shows more than half of those questioned expect the UK to slip into recession within the next two years. John McDonnell, the shadow chancellor, said: “The truth...

Today’s scandalous figures are more proof Theresa May’s Government has completely and utterly failed to tackle insecure work GMB union has criticised the Government after new figures released today showed the number of zero hours contracts creeping up to 2 million. Data from the Office for National Statistics (ONS) this morning show the number of zero hours contracts estimated to be in circulation in the economy rose to 1.8 million in November 2017 - up from 1.7 million a year...

The shocking findings, from a survey of 2,000 UK adults, revealed 43 per cent are short of the cash they need to pay the bills an average of seven months each year.

Shipyards in Germany, Italy, the Netherlands, Poland, South Korea and Spain now eyeing up critical defence contract, GMB investigation reveals GMB, the union for shipbuilding workers, today said in the aftermath of the blue passports fiasco, Ministers must reverse their decision to put a crucial £1 billion order for three new military support ships out to non-UK bidders. New Fleet Solid Support ships are needed to service the UK’s £6.3 billion Queen Elizabeth-class aircraft carriers and their strikeforce of new...