Bogi Kiss

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Venezuela devalues currency and raises minimum wage by 3,000%

Venezuela moved to shore up its crumbling economy on Monday, devaluing its currency and preparing to raise the minimum wage by more than 3,000% in what the country’s president, Nicolás Maduro, declared a visionary bid to tame rampant hyperinflation.<p>More than 500,000 Venezuelans have fled overseas …

Venezuela

'Ultra-processed' products now half of all UK family food purchases

Half of all the food bought by families in the UK is now “ultra-processed”, made in a factory with industrial ingredients and additives invented by food technologists and bearing little resemblance to the fruit, vegetables, meat or fish used to cook a fresh meal at home.<p>Research by global nutrition …

Nutrition

New study shows we work harder when we are happy

Happiness makes people more productive at work, according to the latest research from the University of Warwick.<p>Economists carried out a number of …

Research

Could this be the world’s last Christmas? 3,000 elf jobs at risk as Lapland racks up £8.4bn losses

With Britons waking up this morning full of festive cheer, gloomy research has revealed Christmas is bankrupting Lapland.<p>Quenching the insatiable …

Gig economy ruling has Deliveroo riders without rights and buying their own kit

A tribunal said couriers were ‘self-employed’ and not eligible for certain protections. But they counter that the firm is ducking its liabilities<p>When 21-year-old Nathaniel Shaughnessy needed to find flexible paid work, he took a courier job with fast-food delivery firm Deliveroo, and for two years …

Melania Trump ads removed from Croatian capital after legal threat

Zagreb language school’s marketing campaign tried to persuade Croats to emulate first lady by learning English<p>Billboards featuring Melania Trump and the slogan “Just imagine how far you can go with a little bit of English” have been removed from the Croatian capital after her lawyer threatened …

Zagreb

The European Higher Education Area and the Bologna Process

Why Experiential Shopping Is the Next Frontier in Retail

You don’t have to look around for the future of shopping -- it’s already here.<p>Continuing our discussion of <b>Nordstrom</b>'s (NYSE:JWN) new "Nordstrom …

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1<p>1. Retailers who promote product quality, transparency, & sustainability will flourish.<p>These days, you can find pretty much any information you want …

Car loans, low rates, second mortgages: all the ingredients for a new credit crunch

The relentless rise in consumer borrowing is starting to cause real concern in the financial services industry. And with good reason<p>A credit crunch is brewing and when it happens, the UK is going to get hurt. That is the message emerging from senior executives in the financial services industry, …

The international companies using only English

A growing number of global firms are using as English their main language – even if they are based in Japan or France.<p>Nearly every meeting Keiko Claassen must attend at work is held in English. No big deal – except that her company is based in Italy and she’s Dutch.<p>At one recent meeting where she …

Language Learning

What's so wrong with dressing up your desk?

There's a reason companies are banning personal items on desks. But it may be hurting productivity.<p>When John Crowley started a new job at a call centre six years ago, he was allowed to put whatever he wanted on his desk. By the time he left, he couldn’t even bring his own mug.<p>Over those few years, …

The Workplace

Is free trade good or bad?

<b>Free trade is something of a sacred cow in the economics profession.</b><p>Moving towards it, rather slowly, has also been one of the dominant features of the post-World War Two global economy.<p>Now there are new challenges to that development.<p>The UK is leaving the European Union and the single market - …

China threatens to cut sales of iPhones and US cars if 'naive' Trump pursues trade war

President-elect ‘will be condemned for his recklessness, ignorance and incompetence’ if he imposes tariffs, says Communist party-controlled paper<p>US president-elect Donald Trump would be a “naive” fool to launch an all-out trade war against China, a Communist party-controlled newspaper has …

Tariffs

Entrepreneurs are crazy, but they change the world

The Guardian recently published a letter from a startup employee, criticising the often ‘rudderless, pointless’ culture. This is one startup founder’s reply<p>If most of the UK’s startups are being led by people described in the Guardian’s article from an anonymous startup employee, I think that’s …

Ryan Lochte … when sponsorship goes wrong

As the Olympic swimmer’s reputation took a dive, his sponsors were quick to distance themselves. But was this a clever response – and what are the lessons for advertisers?<p>As Olympians return victorious from Rio 2016, it’s likely that many will be offered lucrative sponsorship packages from brands …

Jackson Hole 2016: five big problems facing central bankers

Janet Yellen, Mark Carney, Mario Draghi and others will debate how to piece the monetary system back together<p>Central bank governors are gathering at the fishing resort of Jackson Hole in Wyoming to discuss how they can dig themselves out of the monetary hole caused by the 2008 financial crash.<p>The …

How the internet was invented

In 40 years, the internet has morphed from a military communication network into a vast global cyberspace. And it all started in a California beer garden<p>In the kingdom of apps and unicorns, Rossotti’s is a rarity. This beer garden in the heart of Silicon Valley has been standing on the same spot …

Warnings of British economic downturn piling up

LONDON (AP) — The warnings are piling up — Britain's decision to leave the European Union appears to be already hitting the economy.<p>Following the …

Big mergers drive UK takeover deal values to highest since financial crisis

LONDON (Reuters) - A couple of mammoth mergers drove the value of takeovers of British companies to their highest level since the financial crisis during the first quarter, official data showed on Tuesday.<p>The Office for National Statistics said the value of takeovers of British companies rose to …

BHS was a case study in how not to be a retailer in the 21st century

As a boy, British Home Stores was one of those shops I was dragged into with little willingness on my part. If I had to be shopping, I would rather have been across the road in the Early Learning Centre, or up the street sitting on the floor in Waterstones surrounded by stacks of books. Instead I …

Low sales even in healthy economy signal 'complete shift in shopping'

Neither consumers nor brands are getting much of what they want, and the unpredictability has caused chaos for retailers whose power has slipped away<p>Monday is Memorial Day, the official start of summer and another celebration traditionally marked by sales and a shopping bonanza. But the sun isn’t …

Interest Rates

Foreign investors rush to Britain, despite EU referendum uncertainty

Britain attracted record levels of foreign direct investment last year but uncertainty over its future in the EU has put its status as a top investment destination at risk, research shows.<p>More than a thousand FDI projects landed in the Britain last year, according to EY’s annual attractiveness …

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Starting a perfume business combines artistic personal expression and business know-how, and if approached correctly, it can result in an excellent …

Small Business

Chipotle's Free Burrito Plan May Be Working

Chipotle Mexican Grill’s (cmg) sales have flagged in recent months after food safety scares left many customers wary, but the fast casual chain is …

Oil is heading towards another crash

Some analysts are betting that the recent jump in oil prices will be short-lived.<p>A big meeting of producers in Doha, Qatar last Sunday ended without …

Oil

FTSE 100 bounces back from Doha disappointment as Iran urges oil producers to freeze output

5:44PM<p>Market Report: FTSE recovers from Doha disappointment as tour operators top blue-chip index<p>We're all going on a summer holiday...<p>A rating upgrade catapulted tour operating giant <b>TUI AG</b> towards the top of the Britain’s benchmark index.<p>Shares jumped 24p, or 2.3pc, to £10.65 after Berenberg hiked …

The price of failure: Yahoo's Marissa Mayer could leave with $137m

Bids are coming in for the ailing tech company – and no matter who gets ownership of it, the CEO is set to be one of the biggest winners in the sale<p>What’s the price of failure? For Yahoo’s boss, Marissa Mayer, it could be about $137m. Bids are now in for the ailing tech company – and no matter who …

Spanish rival launches 2nd takeover bid for Portuguese bank

LISBON, Portugal (AP) — Spain's Caixabank is making its second attempt in just over a year to take control of Banco Portugues do Investimento, …

Free trade has won: adapt or die is the only option left to us | Miriam Gonzáles

Protectionists from all shades of the political spectrum are living in a past that can never be recreated<p>The Tata Steel sale has revived the battle between protectionists and free traders, a debate that became particularly acute in the run-up to the creation of the World Trade Organisation in 1995, …