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
Category: Business
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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
Post Office offer amounts to just half of my claim, says Bates
Former subpostmaster Sir Alan Bates has accused the government of presiding over “quasi-kangaroo courts”. Source: Original News
Renationalised railways not on track for cheaper fares
Transport Secretary says she will “strain every sinew” so customers get value for money as SWR brought back into public hands. Source: Original News
Rate ‘rigging’ traders say they were scapegoated – now the Supreme Court will decide
Tom Hayes and Carlo Palombo were among 37 City traders prosecuted for “manipulating” interest rate benchmarks. Source: Original News
Trump agrees to extend EU trade talks after 50% tariff threat
Trump extended the deadline after EU chief Ursula von der Leyen said the bloc needed more time to “reach a good deal”. Source: Original News
HS2 investigating two firms supplying construction staff
The company building the high-speed rail line says it takes all whistleblower allegations seriously. Source: Original News