Category Archives: Business

Business leaders arriving in England granted exemption from Covid quarantine

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Ministers facing criticism over new rules for visitors who bring ‘significant economic benefit’

Ministers have been accused of making a “mockery” of quarantine rules after it was announced some business executives travelling to England will be able to temporarily leave self-isolation.

Rules for those arriving from amber list countries have been changed to let visitors entering the country bringing “significant economic benefit” interrupt their up to 10-day stay at home for important business activities.

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End of partnership that kept Burberry at the leading cultural edge

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Analysis: Could Marco Gobbetti be followed out of British luxury brand by creative director Riccardo Tisci?

The departure of Marco Gobbetti as chief executive of Burberry raises the key question of whether Riccardo Tisci, whom Gobbetti appointed creative director soon after he joined, will remain at the luxury fashion brand.

A desire to be closer to his family in Italy was given as the reason behind Gobbetti’s decision to quit Burberry, and Tisci too is thought to have found it difficult to be away from family in Italy for prolonged periods during the pandemic. The designer was a fashion student in London in his teens and has a deep affection for British culture and subculture, but the pull of his homeland remains strong. Italy has many deep-pocketed luxury brands and a shortage of exciting design talent, so opportunities are likely to present themselves.

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Damaging ‘fly-shooting’ fishing in Channel sparks concerns

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Small-scale fishers say mostly EU fleet is devastating catches with method that nets entire shoals of fish

The UK has been accused of allowing a fleet of mainly EU “fly-shooting” fishing boats “unfettered access” to the Channel, without a proper assessment of the impact on fish populations, the seabed or the livelihoods of small-scale fishers.

Organisations representing small-scale fishers on both sides of the Channel have warned that the fleet is having a “devastating” effect on their catches. They are calling for a review of the vessels’ UK licences until an impact assessment has been carried out.

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Remote working v the office: four company bosses have their say

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Working longer hours or getting more done? Managers debate the upside and downside of how we work

The global pandemic and lockdown restrictions forced many UK businesses to move employees to remote working, practically overnight.

Four company bosses speak about the upsides and downsides of working from home versus the traditional office-based model as they consider what the future might look like for their businesses and staff.

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‘Johnson & Johnson helped fuel this fire’ – now it’s out of the opioids business

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Whether the pharmaceutical giant jumped or was pushed, its New York deal is a significant sign of the way the wind is blowing

Johnson & Johnson said it had already jumped. New York’s attorney general suggested the pharmaceutical giant was pushed.

Either way, the American drug maker is the first to formally agree to get out of the multibillion-dollar business of selling the powerful narcotic painkillers that drove the US opioid epidemic.

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Green groups’ fury at loophole in new North Sea oil test

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Projects that could produce more than 1.7bn barrels will not have to go through the government’s ‘checkpoint’, data reveals

Prospective oil projects in the North Sea with the capacity to produce more than a billion barrels will avoid a new test designed to assess their impact on the climate crisis, the Observer has learned.

In a development that has angered environmental campaigners, it has emerged that proposed new developments representing some 1.7bn barrels of oil will not have to undergo the forthcoming “climate compatibility checkpoint”, designed to determine whether they are consistent with the government’s climate commitments.

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Recipe for inflation: how Brexit and Covid made tinned tomatoes a lot dearer

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Combine the pandemic with rising raw material costs, stir in a labour shortage, a twist of Brexit, add a pinch of poor weather and voila …

Tinned tomatoes are a taken-for-granted store cupboard staple, relied upon by Britons to whip up home cooked favourites such as spaghetti bolognese. But the price could soon make you take notice, amid warnings of higher shopping bills, set against a backdrop of soaring global food prices.

From the packaging to the transportation and the energy used in manufacturing, nearly all aspects of the production of this popular ingredient now cost more. The crushed tomatoes alone are 30% dearer than a year ago, at €0.48 per kilo. The same pressures are driving the prices of many foods higher, meaning Britons will probably face bigger bills for groceries or meals out this autumn.

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UK facing summer of food shortages due to lack of lorry drivers

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Loss of 100,000 hauliers due to Covid and Brexit will cause food ‘rolling power cuts’, experts warn

The country is facing a summer of food shortages likened to a series of “rolling power cuts” because of a loss of 100,000 lorry drivers due to Covid and Brexit, industry chiefs have warned.

In a letter to Boris Johnson they have called for an urgent intervention to allow eastern European drivers back into the country on special visas, similar to those issued to farm pickers, warning that there is a “crisis” in the supply chain.

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Love Island earns ITV £12m before new series as advertisers jostle to take part

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The most commercialised show on British television has signed up nine official partners

Love Island has netted ITV more than £12m in revenues even before the first episode of the new series of the hit reality show airs on Monday, as sponsors and advertisers rush to attach themselves to the most commercialised show on British television.

With uncertainty over Covid restrictions scuppering holidays abroad for a second successive year, the arrival of the feelgood summer juggernaut could not be more perfectly timed to tap into a viewer and advertising boom.

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‘Your body just stops’: long Covid sufferers face new ordeals as sick pay runs out

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Nurses, teachers and shopworkers who have lost their health and their jobs talk about their struggle for support

Working seven days a week as a nurse and a fitness instructor, while bringing up two young daughters, Rebecca Logan led an extremely active life – until she contracted Covid-19 while working in the emergency department of a hospital in Northern Ireland.

Over a year after first falling ill, the 40-year-old is still suffering from long Covid. For Logan, that means she can only walk for five minutes before needing to rest, and there is a constant ringing in her ears. Her husband has had to pick up the slack at home, alongside his job as a school principal.

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Mystery of the wheelie suitcase: how gender stereotypes held back the history of invention

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Why have some brilliant innovations – from rolling luggage to electric cars – taken so long to come to market? Macho culture has a lot to answer for

In 1972 an American luggage executive unscrewed four castors from a wardrobe and fixed them to a suitcase. Then he put a strap on his contraption and trotted it gleefully around his house.

This was how Bernard Sadow invented the world’s first rolling suitcase. It happened roughly 5,000 years after the invention of the wheel and barely one year after Nasa managed to put two men on the surface of the moon using the largest rocket ever built. We had driven an electric rover with wheels on a foreign heavenly body and even invented the hamster wheel. So why did it take us so long to put wheels on suitcases? This has become something of a classic mystery of innovation.

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Magic Johnson: the NBA superstar who smashed HIV stigma – then built a huge fortune

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He stunned basketball fans and transformed HIV awareness by announcing his diagnosis in 1991. Thirty years on, he discusses his relationship with Anthony Fauci, the meaning of money and why he’s still optimistic

On 7 November 1991, a press conference in Inglewood, California, brought America to a standstill. Against a black-draped backdrop, dressed in a black suit, white shirt and multicoloured tie, Earvin “Magic” Johnson, spoke calmly into a single microphone and told the world that he had been diagnosed with HIV.

Cameras flashed and reporters clamoured to ask questions, but Johnson, National Basketball Association (NBA) superstar and one of the world’s most revered athletes, appeared unfazed as he announced his immediate retirement. Had he grappled with his own mortality? When had he found out? How had he acquired the virus? What would he do next?

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EU prepares to cut amount of British TV and film shown post-Brexit

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Exclusive: number of UK productions seen as ‘disproportionate’ and threat to Europe’s cultural diversity

The EU is preparing to act against the “disproportionate” amount of British television and film content shown in Europe in the wake of Brexit, in a blow to the UK entertainment industry and the country’s “soft power” abroad.

The UK is Europe’s biggest producer of film and TV programming, buoyed up by £1.4bn from the sale of international rights, but its dominance has been described as a threat to Europe’s “cultural diversity” in an internal EU document seen by the Guardian.

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Can Hawaii reset its stressed out tourism industry after the pandemic?

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The islands has been feeling the weight of a tourism industry that has ballooned to what many believe is beyond the islands’ capacity

On a recent Sunday morning, Makua Beach looks like the picture of paradise.

A stretch of soft, yellow sand lies on a strip of land between the lush Waianae mountain range and the deep blue Pacific Ocean on the north-west coast of Oahu. Waves crash against rocks along the beach, and a monk seal can be seen swimming near the shore.

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Half of Zimbabweans fell into extreme poverty during Covid

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Poor families cannot afford healthcare and schooling but good harvests offer some hope, World Bank finds

The number of Zimbabweans in extreme poverty has reached 7.9 million as the pandemic has delivered another economic shock to the country.

According to the World Bank’s economic and social update report, almost half of Zimbabwe’s population fell into extreme poverty between 2011 and last year, with children bearing the brunt of the misery.

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House asking prices hit record levels across Great Britain

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Rightmove data shows largest June increase since 2015 but economists suggest Covid boom may be fading

House asking prices have hit record levels across every region of Great Britain, according to latest figures, although some experts have questioned whether the pandemic boom is finally starting to wane.

The price of properties coming to market rose by 0.8% month on month in June to a third consecutive record of £336,073, according to data from Rightmove, a property listings website.

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Covid jabs for billions of humans will earn their makers billions of dollars

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We look at the drug firms – led by Pfizer and Moderna – that are set to profit most in an unprecedented global vaccination drive

Drugmakers led by US firms Pfizer and Moderna stand to make tens of billions of dollars from their Covid-19 vaccines this year and next, given G7 governments’ pledge to vaccinate the entire world by the end of 2022, but sales are likely to drop sharply thereafter, according to analysts.

Acclaimed for allowing a return to more normal life, Covid vaccines will also substantially benefit some pharmaceutical companies. The global market for the vaccines is worth $70bn (£50bn) this year, says Karen Andersen of Morningstar.

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Kiwi wars: the golden fruit fuelling a feud between New Zealand and China

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One firm’s attempt to regain control of illegal cultivation shows Wellington’s lack of leverage over its largest trade partner

It is the story of a global superpower, a smuggling operation, pestilence and a small hairy fruit.

Ubiquitous on supermarket shelves and in lunchboxes, the humble kiwi is New Zealand’s most valuable horticultural export. Recent battles for control of the fruit, however, have shone a light on tensions in New Zealand’s relationship with China.

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EU fails in court action to secure urgent 120m doses of Oxford Covid vaccine

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But Brussels court says AstraZeneca should have used UK plants in the past to fulfil EU deliveries

The EU has failed in a legal attempt to secure an urgent 120m vaccine doses from AstraZeneca by the end of this month, while securing a judgment that sites in Oxford and Staffordshire should have been used in the past to make good on deliveries.

The court of first instance in Brussels ordered the Anglo-Swedish company to deliver just 10m more than it has already provided by the end of September, and make “best efforts”, including potentially the use of UK facilities, to provide the further 220m jabs to which it is contractually committed.

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British food and drink exports to EU fall by £2bn in first quarter of 2021

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Industry body says analysis of HMRC data shows structural rather than teething problems with Brexit

British food and drink exports to the EU fell by £2bn in the first three months of 2021, with sales of dairy products plummeting by 90%, according to an analysis of HMRC data.

Brexit checks, stockpiling and Covid have been blamed for much of the downturn, but the sector has said the figures show structural rather than teething problems with the UK’s departure from the EU.

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