united kingdom

Topshop managing director leaves for The White Company in a string of resignations from Arcadia empire

An analyst notes that Mary Homer's departure will have an impact on Topshop saying that her fashion instincts were key players to the success of the brand.

UK officially leaves EU; forecasters warn of tough times ahead

While Theresa May told MPs that Brexit doubters should look forward with optimism, forecasters warn that divorce from the EU will be costly and that it could weigh heavily on UK's economic prospects in the next years.

New pound coin's hidden security features, problems and availability

The new 12-sided £1 coin comes into circulation on Tuesday with a hidden security feature that would stamp out fraud and counterfeiting.

Qatar pushes £5 billion UK investment despite Brexit

Qatar claims that Brexit will have no impact on its investment efforts as the country is looking into the long-term view.

UK banks face new stress test scenario by the Bank of England

Bank of England prepares new stress test scenarios to be given to UK's biggest banks in preparation for any sudden slowdown in foreign interests in UK assets. The Brexit vote last year has triggered a sharp drop in the value of the pound.

Gulf airlines worry about effects of electronics ban; UK follows new security measure

According to the new electronics ban, larger than smartphones such as iPads, Kindles and laptops will have to be checked in so that passengers could clear security and board their flight. The rules will be enforced come March 25.

Vauxhall joins PSA Group in €2.2 billion deal, employees fear job losses

French company that owns Peugeot and Citroen enters into a €2.2 billion deal to buy General Motor's European unit which includes Vauxhall. General Motor CEO Mary Barra affirms Vauxhall's British brand while respecting the agreements on the workforce.

Mercedes-Benz recalls almost one million cars after 51 fires reported

The incident was due to an issue with an engine part that can cause an electrical fire and conditions would occur during the starting of the car.

Ford may cut more than 1000 jobs at Bridgend plant in worse case scenario

Unions are fighting to keep the jobs in Ford at all cost as a reduction in employment could lead to a serious economic crisis.

Tesco plans to remove 1,700 managerial jobs

The deputy managers will be replaced by shift leaders as part of a program of transformation in order to improve the customers' shopping experience.

Aston Martin deciding new plant location in the US, UK, or Middle East to create female friendly sports SUV

Aston Martin could possibly open a manufacturing plant in four short listed locations including the US to manufacture 5,000 DBX.

UK unemployment rate down 5.3%; its lowest since April 2008

The UK unemployment rate dropped 5.3 percent in the third quarter, the lowest it has been since April 2008.

Citibank Is Working On Its Own Digital Currency, Citicoin Proposing U.K. Government To Run Its Own Digital Cash

Citibank is currently working out on a new digital currency called Citicoin which is also similar to Bitcoin. Though the company is proposing countries, U.K. in particular to provide its own digital cash.

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Biden and McConnell Under Fire as Rand Paul Denounces Spending on Ukraine Aid

Senator Rand Paul criticized President Biden and Senate Minority Leader Mitch McConnell during an interview aired on Sunday, focusing on the expenditure of "borrowed" money on Ukraine.

Can Chase Sapphire Preferred Oust the AmEx Gold Card?

Popular midtier travel cards are the Chase Sapphire Preferred Card and the American Express Gold Card.

End of the Tax Break? Wealthy Individuals Face Surge in IRS Audits

The IRS claims that in an effort to bring in more money for the United States and to crack down on tax evasion, it is going to step up audits into the US Treasury's funds.

Bitcoin vs. Altcoins? Hoskinson Fires Back at Saylor's Security Accusation

Hoskinson reacted to Saylor's remarks with a hint of irony, citing Bitcoiners who charge him with regularly criticizing Bitcoin and asserting that "altcoiners are so toxic."