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Macro themes and risks for 2016

Most investors have been able to muster only two cheers for the year that has just ended.<p>In 2015, the performance of the main asset classes just …

Top fashion CEOs fear rising costs from climate change | Reuters

PARIS (Reuters) - The chief executives of seven top clothing companies, including Hennes & Mauritz (HMb.ST) Gap (GPS.N) and Adidas (ADSGn.DE), are calling on governments to agree a strong climate change deal, saying they fear global warming will drive up their costs.<p>People walk past the window of a …

Tourist attractions left deserted after terror attacks

Starbucks sales set to break $20bn – a latte for everyone on Earth

Annual sales at Starbucks are set to break through the $20bn mark this year – enough to buy a tall latte for everyone on the planet.<p>Starbucks' new 'coffee theatre' makes play for London market<p>Read more<p>The world’s biggest coffee chain, headquartered in Seattle, is booming after improvements to food …

Coffee

Ted Baker sales soar on overseas store openings

Early Christmas shopping and a raft of overseas store openings have helped boost quarterly sales at Ted Baker.<p>The British fashion retailer said its autumn/winter collections had been well received as it reported a revenue increase of 20.5% in the three months to 14 November, boosted by a one-day …

Fashion (UK)

Interest rate hikes are bad news for cultural rent seekers

2015-11-13T12:09:24.000Z<p>By: Izabella Kaminska<p>A funny thing happened this decade.<p>The fairly logical-minded world of computer science stumbled into the …

Why There's So Much Potential in Gamification

<i>Making everything as easy as possible for users isn’t always the best way to get their attention. Gamification puts just enough distance between you</i> …

Robots threaten 15m UK jobs, says Bank of England's chief economist

The Bank of England has warned that up to 15m jobs in Britain are at risk of being lost to an age of robots where increasingly sophisticated machines do work that was previously the preserve of humans.<p>Andy Haldane, the bank’s chief economist, said automation posed a risk to almost half those …

Economics

Labour to probe tax breaks for businesses

Labour will launch a detailed review of the multitude of tax breaks offered to Britain’s businesses, as the party seeks to craft a distinctive Corbynite economic policy, according to shadow chief secretary to the Treasury Seema Malhotra.<p>In an interview with the <i>Observer</i>, Malhotra said business …

Taxes

M&S moves to hand out thousands of tonnes of food waste

Marks & Spencer is to distribute thousands of tonnes of surplus food under a scheme that will use a social networking app to link all 500 of its UK stores to local charities, including food banks.<p>The retailer, which has committed to cutting food waste from stores by a fifth by 2020, has been …

Sustainability

Church anger at longer Sunday shopping hours

Labour and the Church of England fear ministers will try to sneak the new law through Parliament without it being scrutinised properly by the bishops in the House of Lords<p>Church leaders have expressed their anger at the government for denying them a say over new Sunday trading laws, in a major …

United Kingdom

Cuba in cash crunch due to low commodity prices, Venezuela woes | Reuters

HAVANA (Reuters) - Low commodity prices, a drought at home and Venezuela’s economic crisis have created a cash shortage for Cuba’s Communist government, restricting its ability to trade just as it could be taking advantage of an economic opening with the United States.<p>Alfredo, 69, a technician of …

Datawatch: Carrier bag law sends polyethylene price tumbling

Prices of high density polyethylene (HDPE) have tumbled 14 per cent in the UK since June, as lower demand is expected following legislation on …

Volkswagen considers cutting temporary worker numbers: works council | Reuters

BERLIN (Reuters) - Volkswagen (VOWG_p.DE) is considering a reduction in temporary workers as part of efforts to offset the cost of the emissions scandal, the car maker’s works council said on Saturday.<p>A worker cleans the facade of a Volkswagen dealership near the Andalusian capital of Seville, …

Volkswagen faces potential class-action lawsuits over emissions scandal

Several potential class-action lawsuits have been filed in Michigan against Volkswagen over the company’s diesel emissions scandal, as US regulators ratcheted up questioning of the auto giant.<p>UK Volkswagen boss denies cars emitted higher pollution than expected<p>Read more<p>The lengthy complaints filed …

Class Action

Interest rates to rise 'sooner rather than later', says Bank of England's Kristin Forbes

Recent turbulence surrounding emerging markets has not changed her expectation that the next move in interest rates will be up<p>Britain will weather the slowdown in emerging markets better than most advanced economies, putting the UK in a position to raise interest rates "sooner rather than later", …

Economics

New Balance needs to make one major change to compete with Nike

But one mistake is driving the company down — its clunky, outdated logo.<p>"They seriously need to redesign the logo in order to show the world what their future is," Jeetendr Sehdev, professor of marketing at the University of Southern California, told Business Insider.<p>New Balance made an effort to …

New Balance Bought Its Own Commuter Rail Station

Instead of asking the cash-strapped public-transit system to add a stop, the company simply paid for one itself.<p>BOSTON—If you were in a generous mood, you might call the public transportation system here troubled. Otherwise, you’d call it an ancient, broke, disorganized, mess. The MBTA owes $9 …

Urban Design

Volkswagen's new CEO must tackle the 'culture of arrogance'

Matthias Mueller who was appointed Volkswagen AG’s chief executive officer on Friday doesn’t have an easy job. As a result of the diesel emissions …

World Bank: 'extreme poverty' to fall below 10% of world population for first time

The number of people living in extreme poverty is likely to fall for the first time below 10% of the world’s population in 2015, the World Bank said on Sunday as it revised its benchmark for measuring the problem.<p>UN: 15-year push ends extreme poverty for a billion people<p>Read more<p>“This is the best …

Globalization

I've fallen out of love with Europe until the trading rules are changed

Even European romantics like Dominic Johnson are finding it hard to stay committed to Europe's current trading stance<p>One day you are in love, and then something happens. Once out of love, it’s quite hard to fall back in again; things just seem to have changed too much.<p>My relationship with Europe …

Is India staring at deflation?

India is experiencing disinflation, not deflation. It is time to replace the wholesale price index with a producer price index to avoid further …

Economics

Diageo faces £150m annual profit cut due to weak currencies

The weakness of emerging-market currencies against the pound is likely to chop about £150m off Diageo’s annual profit, according to the maker of drinks brands including Guinness and Johnnie Walker.<p>In a trading update for its annual meeting, Diageo said it sold more drinks in the first three months …

European Central Bank

UK wage growth stifled by tepid investment and low-skilled migration

Low-skilled migration and a reluctance to invest have been cited by a leading Bank of England official as possible factors depressing wage growth and harming Britain’s productivity since the deep recession of 2008-09.<p>Ben Broadbent, one of Threadneedle Street’s four deputy governors, said the …

Economics

FTSE recovers despite China and VW woes, with Smiths Group leading the way

Leading shares are shrugging off yet more weak Chinese economic data and the continuing emissions scandal at Volkswagen.<p>After Tuesday’s plunge, the <b>FTSE 100</b> is up 54.64 points at 5990.48 despite Asian markets falling overnight, with energy companies supported by a slight rise in oil prices after a …

Stock Markets

The drain on China’s foreign exchange reserves

After increasing relentlessly for two decades, China’s foreign exchange reserves started to decline about a year ago, and during the crisis month of …

Commodity shares push FTSE 100 to its lowest level for a month

Renewed alarm about the fragile state of China’s economy sent mining stocks plunging and wiped £44bn off the value of Britain’s top companies on a day of tumultuous trading in financial markets.<p>Mining shares bore the brunt of the selling, with commodity companies making up five of the top 10 …

Stock Markets

UK deficit: Government borrowing balloons to £12.1bn after corporation tax receipts shrink

Government borrowing increased to £12.1bn ($18.6bn) in the year to August as the Treasury was left pondering the biggest gap between spending and …

New Balance's Fight to Win Over Women With Fashionable Workout Gear

New Balance has been making shoes for more than a century. Now, with its running and casual sneaker business humming along—sales hit $3.3 billion in …

Brexit risk will force Bank of England to keep interest rates low for longer, warns UBS

Interest rates could be cut to zero if the UK can not negotiate a strong foothold outside of the EU<p>The uncertainty generated by the upcoming EU referendum could force the Bank of England to keep its rates low for longer, UBS economists have warned.<p>The forthcoming vote - which must be held by the …

Investing