Canada and Mexico growth forecasts slashed by OECD
US President Donald Trump’s escalating trade tariffs will hit world growth and raise inflation, the OECD has predicted in its latest forecast. Canada and Mexico are forecast to see the…
Forever 21 files for bankruptcy in the US
Forever 21 could be a step closer to shutting down operations in the US after the brand’s operating company filed for bankruptcy protection. The firm said in a statement that…
The major question thrown up by Labour’s welfare plans
BBC In the next 24 hours and then over the following fortnight up until the Spring Statement, the government is going to talk a lot about a broken welfare system…
Are US tariffs bringing manufacturing back to Canada?
Sam Gruet Business reporter BBC Canadian retail boss Joanna Goodman is considering no longer ordering from US suppliers Made in Canada. Three words that are now a common presence on…
Thames Water set for crucial court ruling
The fate of debt-laden Thames Water will become clearer as soon as tomorrow. The Court of Appeal is expected to decide whether the company’s plan to borrow a further £3bn…
‘I feel sick at the prospect of cuts to health benefits’
Tom Espiner & Charlotte Edwards Business reporters, BBC News Alison Alison says the thought of a cut to her benefits is “extremely upsetting” The government is set to announce cuts…
Snag clothing gets 100 complaints a day that models are too fat, says boss
Jennifer Meierhans Business reporter, BBC News Snag Sophie models for Snag and gets positive and negative comments about her weight The boss of online clothing brand Snag has told the…
Asda says spending to cut prices will hit profits
Asda has warned that the money it will spend on lowering prices for customers and improving product availability will mean lower profits this year. Britain’s third largest supermarket has been…
Gold price hits $3,000 mark for first time
The price of gold has hit the $3,000 per ounce mark for the first time as demand for the precious metal surges amid economic uncertainty over the impact of a…
Elon Musk’s Tesla raises concern over retaliation risk
Elon Musk’s electric carmaker Tesla has warned it and other US exporters could be harmed by countries retaliating to Donald Trump’s trade tariffs. Mr Musk is a close ally of…