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

[ad_1] Rolling coverage of the latest economic and financial news WSJ: China may ban companies with large amounts of sensitive consumer data from US floats New rules could thwart China tech firms from listing in the U.S. Markets await Jackson Hole symposium Furlough ‘cliff edge’ at Liberty Steel could put jobs at risk 9.07am BST … 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

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

‘They fear the factory can’t last’: Pandemic takes local fashion from boom to bust in Sydney | Australian fashion

[ad_1] When coronavirus hit international fashion manufacturing centres last year, many Australian designers pivoted to making clothes onshore. But as Sydney’s lockdown extends into the second half of 2021, garment factories are struggling to stay open and the long-term viability of manufacturing in Australia is under threat. Sydney’s inner west is usually a busy hub … 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

Mosquito State review – a torrid, original tone poem to late capitalism | Film

[ad_1] This highly original, visually torrid take on Wall Street and last decade’s global financial crisis celebrates the true masters of the universe: mosquitoes. Richard Boca (Beau Knapp), head analyst for investment firm Abbott Werner, is a gauche social misfit tolerated because he developed the algorithms that keep the company ahead. But, in the autumn … Read more

Iceland boss: Christmas at risk from HGV driver shortages and supply chain crisis – business live | Business

[ad_1] Iceland managing director, Richard Walker Photograph: Iceland/PA Christmas is at risk from the supply chain crisis unless the government adds HGV drivers to its skilled worker list quickly, the managing director of supermarket chain Iceland has warned this morning. Speaking on Radio 4’s Today programme, Richard Walker explains that the UK faces “big shortages” … 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