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A record 1.25 million workers in the UK have been forced to take part-time work because they are unable to find full-time positions, as weak business confidence hits the employment market. Unemployment dropped by 26,000 to 2.45 million during the three months to May, revealed the latest official figures. However, many workers have needed to [...]
(Read More)11th Jul 11
Struggling retailers shutting down 20 shops per day
by Sally Davies
Retailers are closing down an average of 20 shops a day as tightened consumer spending has its affect on the high street. There was a rise of nine per cent to 375 in retail insolvencies over the second quarter of 2011, with jewelers, bookshops and clothing stores the hardest hit, revealed a report by Local [...]
(Read More)8th Jul 11
Iran increases use of capital punishment
by Sally Davies
Iran has executed nearly two people a day on average over the first six months of 2011, warned human rights groups. The sharp rise in capital punishment arrives during a time when the country’s Islamic regime is attempting to prevent pro-democracy movements like those which have been sweeping through the Middle East and North Africa [...]
(Read More)6th Jul 11
Queen needs more finances to maintain royal homes
by Sally Davies
The Queen has requested that the government give her more money in order to cope with an increasing amount of repairs needed on Buckingham Palace and other royal homes, revealed newly published accounts. The monarch presently receives £11.9m per year from the public to maintain and repair royal residencies which include St James’s Palace and [...]
(Read More)4th Jul 11
Quebec City welcomes royal couple
by Sally Davies
The Duke and Duchess of Cambridge spent Sunday in Quebec City in the latest part of their first official tour overseas. They arrived in the city on a Canadian naval ship after having sailed from Montreal down the St Lawrence river, and visited a military ceremony and a youth project. Before going ashore, the couple [...]
(Read More)30th Jun 11
Savings raided as household incomes squeezed
by Sally Davies
Weak consumer spending is holding the economy back from making a sustained recovery, suggested data published by the Office for National Statistics. Leaving its first quarter growth estimate at 0.5 per cent, the ONS revealed that the economy has flatlined for a number of months having declined by 0.5 per cent during the final three [...]
(Read More)28th Jun 11
NHS reforms could reduce trust in doctors
by Sally Davies
The leader of the UK’s doctors has warned that plans by the coalition to reward GPs for implementing budgetary controls may fundamentally harm trust with their patients. The British Medical Association’s chairman Dr Hamish Meldrum said that the suggestion of revamped plans by Health Secretary Andrew Lansley could result in allegations that GPs were withholding [...]
(Read More)24th Jun 11
Retail sales down in recent weeks
by Sally Davies
Retail sales have declined in recent weeks and are likely remain under pressure for the foreseeable future, warned a survey from the CBI. A two per cent balance of retailers said that sales volumes dropped over the first two weeks in June – the first fall for a year – as wary consumers cut back [...]
(Read More)20th Jun 11
Shares in Blackberry firm drop sharply on poor results
by Sally Davies
Shares in Research in Motion (RIM), the Blackberry manufacturer, have fallen by over 20 per cent since it reported disappointing results last week. The company announced that it failed to hit even its lowered targets and reduced its profit predictions. RIM’s net profit during the three months leading up to 28 May was $695m (£430m), [...]
(Read More)16th Jun 11
Zara continues global expansion
by Sally Davies
Zara’s Spanish owner has revealed plans to expand to Taiwan, Peru and South Africa. Inditex, the largest fashion chain in the world, opened 12 new stores per week over the three months leading up to the end of April and announced that plans are in place to open hundreds more in its drive to deliver [...]
(Read More)