Chinese-owned Volvo Cars to cut 3,000 jobs
The firm’s boss pointed to the “challenging period” faced by the industry as a reason for the layoffs. Source: Original News
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Beef drives food inflation to highest in a year
The British Retail Consortium says the annual rate of food price rises hit 2.8% in May. Source: Original News
Adidas says customer data stolen in cyber attack
The sportswear giant says criminals accessed its systems through a “third-party customer service provider.” Source: Original News
KFC to create 7,000 jobs to fend off rivals Wingstop and Popeyes
The fried chicken firm will invest nearly £1.5bn over five years as rivals step up expansion. Source: Original News
IMF raises UK growth forecast as it warns on tax and spending
In its annual health-check for the UK economy, the IMF predicted growth of 1.2%, a marginal upgrade to its previous forecast. Source: Original News
A Vermont Startup Was Close to Becoming Profitable. Then the Tariffs Hit.
A small Vermont business that sells water bottles used by cyclists and others is struggling to adapt to President Trump’s tariffs even after they were temporarily lowered. Source: Original News
Trump Pardons Scott Jenkins, a Former Virginia Sheriff Convicted of Bribery
The ex-sheriff, Scott Jenkins, was convicted of federal bribery charges and sentenced to 10 years in prison. President Trump claimed the case was politically motivated. Source: Original News
How to Hide a 350-Foot Megayacht
Russian oligarchs use the offshore system to shield their luxury assets. The Trump Administration is ending an effort to find and seize them. Source: Original News
How a Generation’s Struggle Led to a Record Surge in Homelessness
Late baby boomers have endured challenges that have left many economically vulnerable and dependent on parents for help. With their parents dying, they are ending up on the streets in growing numbers. Source: Original News
Trump’s Plan to Revive US Shipbuilding Would Take Billions and Many Years
President Trump and members of Congress want to revive U.S. shipbuilding with subsidies and penalties against Chinese-built ships. But there are obstacles. Source: Original News