Debenhams is to be wound down after JD Sports pulled out of talks on a rescue takeover, placing 12,000 jobs at risk in a horror week for UK retail. The decision was taken after a sale process, initiated by administrators when the troubled 242-year old department store collapsed in April, was officially concluded leaving it
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November 30th, 2020 by Zachary Shahan In the first 3 quarters of 2020, while renewable energy accounted for 70% of new power capacity in the country, it still accounted for just 20.4% of total electricity generation in those 9 months. That’s down a bit from the 22.2% share that renewable energy held in the first
Boris Johnson is heading for a COVID showdown with rebel Tory MPs, despite being assured of victory in a Commons vote after Sir Keir Starmer said Labour will abstain. Around 50 Conservative MPs are predicted to come out against the government in a vote to approve the tier system of COVID curbs in England, in
Brazil’s Amazon rainforest has suffered its worst deforestation for 12 years. An area of 11,088 km2 (2.7 million acres) – seven times the size of London – was lost in a year. The official data from Brazil’s space research agency was released on Monday and showed a 9.5% annual increase. Satellite images from August 2019
An invisible presence: in the end, the statement that Arcadia group had succumbed to insolvency on Monday night was an apt metaphor for Sir Philip Green’s recent stewardship of his Burton-to-Topshop fashion empire. Confirmation of Deloitte’s appointment as administrator made no reference to the pugilistic Monaco-based tycoon whose family has owned one of Britain’s most
Joe Biden is pressing ahead with forming his government by announcing his picks for some of the top jobs in his economic team. A number of his choices are set to make history – together they make up the country’s most diverse economic leadership team ever. His picks include the first woman to head up
Maserati says that it plans to “electrify” its entire lineup within the next five years, but it is using the safe “electrify” word, and we should expect many hybrids. The Italian luxury automaker is part of the Fiat-Chrysler organization, which has notoriously been slow to move to electrification, and it also suffered from FCA’s slow
OPEC warned on Monday that the “immense challenges” caused by the Covid-19 pandemic were likely to persist into 2021, as the group of oil producers continues high-stakes negotiations over an extension to its production cut agreement. “The shock to the oil industry is massive and its severe impacts will likely reverberate in the years to
November 30th, 2020 by Tina Casey US farmers have been on the the front lines of the renewable energy revolution, and they are in the vanguard of yet another clean tech trend that could finally help the distributed wind industry get the attention it deserves. If all goes according to plan, farms across the country
12:57 PM GMT The number of teams participating in the women’s Rugby World Cup will be increased from 12 to 16 from the 2025 edition, the sport’s governing body announced on Monday. The decision was taken by the Rugby World Cup Board earlier this year and World Rugby chairman Bill Beaumont said it was a
It’s the thriller that’s gripped the nation throughout a second lockdown and reminded us all what it’s like to have to wait for a new episode to drop every week. The latest viewing figures show that The Undoing’s launch audience was bigger than Game Of Thrones, and is set to become the biggest US series
The health secretary has said that England’s lockdown means “we’ve got this virus back under control” – but warned continued vigilance is needed. Speaking at a Downing Street news conference, Matt Hancock acknowledged that the second national shutdown has been tough. Live updates on coronavirus from UK and around world Please use Chrome browser for
Marc Benioff, chairman and chief executive officer of Salesforce.com speaks during the grand opening ceremonies for the Salesforce Tower in San Francisco on May 22, 2018. David Paul Morris | Bloomberg | Getty Images Salesforce’s deal to buy Slack is expected to be announced Tuesday after markets close, sources told CNBC’s David Faber. The deal
4:06 PM ET After winning two Olympic gold medals in judo, Kayla Harrison began her mixed martial arts career two years ago as a prized prospect. She has lived up to the hype, going 8-0 with six finishes and winning $1 million as the Professional Fighters League women’s lightweight tournament champion in 2019. But Harrison
Moderna has said it is filing for regulatory approval in the US, and that its vaccine trials have shown no serious safety concerns. The US-based company has also said its vaccine was 94.1% effective, with 100% efficacy against severe COVID-19 in its phase three trial. Efficacy was consistent across age, race and ethnicity, as well
Luke Goss knows what it is like to lose everything. For a short window in the late 1980s and early ’90s, alongside his twin brother Matt he was one of the biggest pop stars in the world. Until suddenly he wasn’t anymore. The story of Bros and the brothers’ road to recovery was well detailed
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