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Tag Archives: new business ideas

China cuts import tariffs on almost 200 consumer goods

China is cutting import tariffs on 187 consumer goods from whisky to cashmere clothing to help spur spending and economic growth.The Finance Ministry said tariffs will drop from an average 17.3% to 7.7% on products, including pharmaceuticals, food, health supplements and clothing.The cut will take effect from the beginning …

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Black Friday sales bonanza set to hit a record

The Black Friday sales bonanza was on course for a record with consumers set to spend almost £8bn during what has become a four-day shopping event.Barclaycard said transaction numbers were 32% up on last year, with Black Friday most likely behind the rise.Retail researchers said online sales would see …

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Uber takes driver battle to Supreme Court

Media playback is unsupported on your device Uber plans to take its fight over the employment status of its UK drivers to the Supreme Court.Earlier this month the Employment Appeal Tribunal rejected the ride-hailing firm’s argument about the status of employees.Unions argue that staff should be classified as “workers” …

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Amazon workers on strike in Italy and Germany

Hundreds of Amazon workers in Italy and Germany are on strike during one of the busiest shopping days of the year.Over 500 employees are carrying out their first ever strike at Amazon’s warehouse in Piacenza near Milan over pay.Piazcenza is Amazon’s main Italian hub, employing 4,000 people.Amazon said: “The …

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Sports Direct under fire over £11m 'owed to Mike Ashley's brother'

Sports Direct shareholders have criticised the retailer’s decision to ask investors to approve an £11m payment to the brother of founder Mike Ashley.Royal London Asset Management said the retailer had given “no evidence or detail explaining why” the sum was owed to John Ashley.It would vote against the payment …

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Black Friday versus No-buy day – social media reacts

This year’s Black Friday shopping offers in the UK have come up against cynicism, early-morning empty stores and the anti-consumerist #BuyNothingDay trend.Although £8bn is predicted to be spent, the emphasis is expected to be in online retail.The Black Friday tradition of offering a day of sales just after Thanksgiving, …

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Black Friday is 'bonkers' for retailers, say critics

Wallets will be feeling a bit lighter this weekend as shoppers turn out in search of a bargain ahead of Christmas.It’s estimated that £10bn could be spent in the UK over the Black Friday period, £2.5bn in a single day.There’s something about the idea of Black Friday, like firing …

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