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Business
The European Union’s proposal for the EU-INC aims to create a single company structure to enhance cross-border growth for startups, addressing fragmentation in company laws. The initiative has gained support from over 23,000 in the tech startup community.
Original Factory Shop faces potential closure of all 137 stores, raising concerns about job losses and the future of discount retail in the UK.
In a bold move, the company invites employees to vote on potential layoffs, echoing the moral dilemmas of “Squid Game,” highlighting employee involvement in tough choices.
Burberry shares rise as it plans to cut 2,000 jobs and boost efficiency, aiming for £200m in savings.
The UK’s leading business lobbying group, the CBI, is calling for a major reset in relations with the EU, saying the current post-Brexit setup is “no longer fit for purpose”. Ahead of a UK-EU summit on 19 May, the group has urged both sides to rebuild trust and take “practical steps” to reduce red tape, ease staff mobility, and coordinate on climate, defence and energy.
Post-Brexit reset talks with Brussels stall over fishing and youth mobility The FT leads with…
The UK economy grew by 0.7% in the first quarter of the year, outpacing expectations and marking a stronger start to 2025 than analysts had predicted. The Office for National Statistics (ONS) reported that growth was primarily driven by a resilient services sector, alongside significant gains in industrial production.
Beijing fears over UK-US trade accord cloud London’s bid to revive China ties FT says…
Thames Water’s CEO, Chris Weston, apologised for inadequate customer service and pledged improvements, amid rising bills and service disruptions.
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