Muhammad Ali Hamza

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Hard Brexit will hurt UK more, say EU diplomats and business leaders

European industry chiefs and politicians respond to Theresa May’s speech with mix of scepticism, indignation and positivity<p>European leaders and industry chiefs welcomed the clarity brought by Theresa May’s Brexit speech, but said the course she had chosen would hurt Britain more than the remaining …

United Kingdom

Scotland will publish its Brexit plan this week

British Prime Minister Theresa May has said she will trigger Article 50 of the Lisbon Treaty, the formal process of leaving the EU, by the end of March to kick off two years of exit talks.<p>However, her plans for those negotiations have been shrouded in secrecy and businesses and investors fear …

United Kingdom

British companies are freaking out about Brexit a lot more than European firms

65% of British CFOs say Brexit negotiations will be "bad for business," compared with just 37% of European CFOs surveyed.<p>Deloitte, one of the world's largest accountancy firms, collected data from 1,148 chief financial officers from 17 European countries between August and October this year for its …

United Kingdom

HSBC: President Trump's policies will 'likely put the economy into a recession after a year or two'

The bank's chief US economist Kevin Logan makes the predictions in a note sent to clients early Wednesday morning, after Donald Trump pulled off a shock victory to become President-elect.<p>Logan argues that, while policies like tax breaks might give the economy a short-term boost, mass deportation of …

Economics

Uber has been turned into a 'distorted incentive system' in Pakistan

The arrival of ride-sharing app Uber can reveal much about a country's pressure points and preoccupations.<p>Since launching in Pakistan earlier this year, the high costs of car ownership and low cost of wages have thrown up unexpected problems for the company, offering captivating insights into the …

Sharing Economy

Fast-food chains like KFC and Arby’s are fixing a big customer service problem — and it's paying off

Last year, Chick-fil-A beat out all other fast-food chains in the US in terms of per unit sales, averaging nearly $4 million in sales per restaurant.<p>The reason for Chick-fil-A's success? According to analysts, it's in part to do with superior customer service. And other restaurant chains have taken …

Same-Store Sales