Significant Pressure on UK Household Finances Anticipated with Jeremy Hunt’s Stealth Tax Raid

The Chancellor has set a tight fiscal rule to decrease debt-to-GDP within five years, leaving only a £6.5bn buffer, the smallest since at least 2010. However, the OECD forecasted an upgrade in the UK’s growth in 2023 while warning that the narrow margin could hinder the weak recovery. The OECD stated, “Significant risks surround the … Read more

Inditex, the owner of Zara, surpasses predicted earnings in Q1 with ongoing sales success.

The results came as the world’s biggest fast fashion company reported a better-than-expected 54pc rise in first-quarter profit, as sales kept pace after a strong 2022, when it outperformed other retailers during the cost of living crisis. Net profit came in at €1.2bn for the quarter that ended in April, exceeding analysts’ average expectations of … Read more

Orange County Register: Boeing to Postpone Delivery of Certain 787 Aircraft Due to Uncovered Issue

By Julie Johnsson | Bloomberg Boeing Co. has encountered flawed parts during production of its 787 Dreamliner and is delaying deliveries, in spite of high demand for its long-range aircraft. The news caused shares to fall by up to 3.9%, after previously having risen 9.6% this year up until close of Monday’s session. The flaw … Read more

The outlook remains bleak as Taiwan’s May exports fall once again under pressure from China.

TAIPEI  – Taiwan’s exports fell for a ninth consecutive month in May, although meeting expectations, in a symptom of anemic demand for the island’s tech products from China and global markets, with matters not expected to improve until the third quarter. Exports last month were down 14.1 percent in value on the year, at $36.13 … Read more

Starbucks Union Calls for Company to Negotiate a Nationwide Contract

The president of Workers United, the union that has been organizing Starbucks stores, is urging the coffee chain to come to the bargaining table, consolidating negotiations into one table instead of hundreds. Workers United has been working to negotiate first contracts for more than 300 Starbucks locations that have formed unions since the end of … Read more

1. Newborn Lounger Recall Prompts Another Warning After Two Infant Fatalities 2. Two Infant Deaths Result in New Warning Against Use and Sale of Recalled Newborn Loungers

The Consumer Product Safety Commission is urging parents and caregivers to stop using Boppy Newborn Loungers, recalled in 2021, after two more infants died on the “unsafe sleep environment.” Photo courtesy of CPSC June 6 (UPI) — The Consumer Product Safety Commission is reissuing its warning to parents and caregivers to stop using Boppy Newborn … Read more

David Zaslav Assumes Complete Accountability for Chris Licht at CNN

During an editorial call on Wednesday, David Zaslav, the CEO of Warner Bros. Discovery and the corporate boss of CNN, took responsibility for hiring Chris Licht, the network boss who was let go after a disastrous 13-month tenure. Zaslav told CNN personnel that they are conducting a “wide search” internally and externally for a new … Read more

Changes Needed for Today’s Working Parents

Leanne Ricchiuti, who was pregnant at the time, struggled to find day care options for her son. Despite speaking to 40 different day care centers, there were no available spots and wait-lists were more than a year long. The situation put Ricchiuti’s job at risk and she faced the difficult decision of choosing between continuing … Read more