Business and Economics
Business and Economics News
McDonald’s to pay France huge sum in tax fraud case
The company was accused of hiding French profits in lower-tax Luxembourg from 2009 to 2020, and reporting artificially low profits in France.
Real wages fall at record rate in UK
Jonathan Ashworth said work should be the best defence from the rising cost of living, "yet millions in work are in poverty".
‘Strip club test’ suggests US recession could be imminent
"The strip club is sadly a leading indicator, and I can promise y'all we r in a recession, lmao."
Lloyds hands workers £1,000 bonus to ease cost-of-living worries
“This support is designed to help you during these uncertain economic times," an internal memo read.
Sainsbury’s CEO’s pay triples as supermarket rejects living wage calls
Also Marks & Spencer boss Steve Rowe witnessed his pay and bonus package more than double to £2.6 million for the past year.
What’s to blame? Car industry suffers horrendous decline as chip shops beg Norway for fish to save businesses
The Daily Mirror reported the cost per kilo of Icelandic cod has jumped from £7.80 in October to £16, while potato costs have risen by 30%.
Bonuses in City ‘at record high’ as ‘demoralised’ nurses ‘driven out’ of profession
“Ministers have no hesitation in calling for public sector pay restraint, but turn a blind eye to shocking City excess."
Imperial measurements: Govt consultation to review ‘overbearing EU rules’ as supermarket slams return as ‘utter nonsense’
“I mean, we have got serious problems in the world and we’re now saying let’s go backwards."
British pound risks crisis ‘usually seen in emerging markets’, analysts warn
Strategists from Bank of America said the British currency is facing an "existential crisis".