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Royal Mail Group chiefs said its flagship postal service was haemorrhaging £1m a day today as revenues across the group slumped 5.1 per cent in the first quarter of the year as the pandemic postal boom subsides. Revenues at the flagship postal arm of the group plunged £92m to £1.88bn in the three months to […]
MELBOURNE — Shell Plc has told workers at its Prelude floating liquefied natural gas (FLNG) facility it will stop paying them as of Monday if they are not on site, a Shell spokesperson said on Wednesday. Read More
LONDON — Porsche may have to go public at a steep discount if it insists on going ahead as economic obstacles mount, two people involved in the landmark multi-billion-euro listing said. Read More
KYIV — Ukraine intends to postpone repayment of its Eurobonds and payments of interest on them for 24 months from Aug. 1, according to a government resolution published on Wednesday. Read More
Hollywood is coming to Hertfordshire after planning officials gave the nod to the construction of a new $1 billion film studio in Broxbourne. Work on Sunset Waltham Cross Studios is to begin later this year towards a 2025 opening for what will be one of the UK’s biggest film and television production locations, housing 21 […]
UK inflation climbed to a new 40-year record in June, heaping further pressure on households struggling with a generational cost of living crisis. Consumer price inflation, as measured by the Office for National Statistics (ONS), hit 9.4 per cent in June compared with the same period last year. It was the highest yearly increase since […]
China is expected to fine Didi Global Inc. more than $1 billion before wrapping up a year-long investigation into the company. John Cheng reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/