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BUSINESS

BUSINESS

Key vote to be held on Virgin’s £1.2bn rescue deal

Digital Desk -
A key vote on Virgin Atlantic’s £1.2 billion rescue deal will be held on Tuesday. Creditors will vote at a closed hearing at the High...
BUSINESS

Facebook blocks group that discusses Thai monarchy

Digital Desk -
Facebook has blocked in Thailand a group with more than a million members that engages in open discussion about the Thai monarchy. The Facebook group,...
BUSINESS

Eurostar announces launch date for £40 London to Amsterdam rail service

Digital Desk -
Rail passengers will be able to travel directly from London to Amsterdam and back from the end of October, Eurostar has announced. The new return...
BUSINESS

Credit Suisse to shut 37 bank branches in Switzerland

Digital Desk -
Swiss bank Credit Suisse said it plans to close 37 branches in its home country as part of an effort to streamline its business,...
BUSINESS

KFC to pause Finger Lickin’ Good slogan amid pandemic

Digital Desk -
KFC is to pause the use of its classic Finger Lickin’ Good slogan after 64 years as it admitted that the message “doesn’t quite...
BUSINESS

Facebook to pay 106 million euros in back taxes to France

Digital Desk -
Facebook’s French subsidiary has agreed to pay 106 million euros (£94 million) in back taxes and penalties following persistent government efforts to get online...
BUSINESS

Mike Ashley’s Frasers promises to save jobs after deal for DW Sports assets

Digital Desk -
Mike Ashley’s Frasers Group has said it will save “a number of jobs” after buying parts of DW Sports for £37 million (€41 million). The...
BUSINESS

Longtime Amazon executive Jeff Wilke to retire next year

Digital Desk -
Amazon retail chief Jeff Wilke, who has helped the company transform itself from an online bookstore into a global colossus, is retiring early next...
BUSINESS

UK companies see recovery gain speed in August but job cuts mount

Digital Desk -
UK industry has reported the fastest growth in almost seven years after being boosted by further easing of lockdown restrictions but companies are still...
BUSINESS

Reddit bans almost 7,000 hateful subreddit pages since June crackdown

Digital Desk -
Reddit has reported an 18% fall in users posting hateful content after a recent crackdown but said it still has “more work to do”. The...
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