UK toy chain warns of reduced choice at Christmas because of supply disruption | Retail industry

[ad_1] There will be a reduced choice of toys in stores this Christmas, and prices are expected to rise by 10% over 18 months because of supply chain disruption, labour shortages and higher transport costs, the chairman of the retailer The Entertainer has warned. Gary Grant, the founder of the family-run toy store chain, which … Read more

China ‘plans to ban’ US IPOs for data-heavy tech firms – business live | Business

[ad_1] China Securities Regulatory Commission officials said that companies with less sensitive data, such as those in the pharmaceutical industry, are still likely to receive Chinese regulatory approval for foreign listings, according to the people. The new rules are likely to help Beijing exert more control over the complex corporate structure that China’s biggest tech … Read more

Should sellers disclose a house’s dark secret? In some states it’s the law | Real estate

[ad_1] In Boston’s Little Italy, where tourists juggle coffee and cannoli, there is a 10ft-wide monument to revenge on the market that could be yours for $1.2m. It’s a spite house. An unusual architectural phenomenon, the property was built not with hope and love, but with venom and machiavellian planning, with the intention of irritating … Read more

Qantas posts $1.83bn loss but hopes to resume international flights by December | Qantas

[ad_1] Qantas is banking on resuming some overseas flights by December, as it posted a pre-tax annual loss of $1.83bn. Qantas chief executive Alan Joyce blamed “diabolical” border conditions for the result, noting the financial position reflected a full year of closed international borders and more than 330 days of domestic travel restrictions. Joyce says … Read more

Wishful thinking will not close Britain’s widening inequality gap | Torsten Bell

[ad_1] Optimism helps get us through tough times, and the Covid pandemic has had plenty of those. The recent reopening of the UK economy has provided grounds for optimism, with firms hiring at a swift pace. But wishful thinking can be dangerous and, when it comes to the economic legacy of this crisis, there’s far … Read more

UK labour shortage hits consumer firms, as car production tumbles – business live | Business

[ad_1] Photograph: Andy Rain/EPA Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The UK supply chain shortage continues to grip the economy, with consumer-facing companies grow more worried about the economic outlook as they struggle to find workers… and car production slumps. Firms such … Read more

How can companies cut the UK’s class pay gap? | Guardian sustainable business

[ad_1] It’s no surprise that social class can affect your life chances, but recently the education secretary highlighted the problem with a stark statistic. Children who show signs of low academic ability at the age of five, but who come from high-income families, are 35% more likely to become high earners than those who show … Read more

Surviving as a Black business owner isn’t easy, but there are resources to help | Gene Marks

[ad_1] If you are a Black business owner then there’s no question that the recent economic downturn has likely been especially hard for you. Just look at the numbers. A National Bureau of Economic Research study found that the number of Black-owned businesses fell by 41% during the first few months of the pandemic. A … Read more

US central bank chief expected to take wait-and-see approach to economy | US economy

[ad_1] The resort of Jackson Hole in the Grand Tetons will be the focus of intense financial market interest on Friday as the head of the US central bank, Jerome Powell, gives his update on the health of the world’s biggest economy. Expectations that Powell will provide a timetable for the scaling back of the … Read more

Delta Airlines to impose $200 monthly fee on unvaccinated employees | Airline industry

[ad_1] Delta Airlines will impose a $200 monthly fee on employees unvaccinated against Covid-19, the airline announced on Wednesday. In a new memo sent to Delta employees, CEO Ed Bastian announced that unvaccinated employees enrolled in Delta’s account-based healthcare plan will be subject to a $200 monthly surcharge starting 1 November. “The average hospital stay … Read more