Oil prices have hit $80 (£62.83) as fears grew about the economic impact of disruption to international trade through the Red Sea and escalating tensions in the Middle East. Raising concerns about a possible inflation shock for the world economy, Brent crude prices jumped by about 4% to a high of $80.75 a barrel on … Read more
(KRON) — Kelly-Moore Paints plans to close all of its stores immediately, the company said Friday in a news release. Kelly-Moore Paints was founded nearly 80 years ago in California’s Bay Area and has currently 157 stores nationwide. “I’m extremely disappointed and saddened by this outcome, as the entire Kelly-Moore team made incredible efforts to … Read more
All major parties face questions about why it took an ITV drama to provoke meaningful political action on the Horizon scandal. Campaigners have spent decades seeking justice for wronged post office operators, including at least 700 people who were prosecuted by the Post Office and other bodies between 1999 and 2015 based on the botched … Read more
Citigroup will cut 20,000 jobs by the end of 2026 after enduring a steep loss in the last quarter as it presses ahead with a sweeping restructuring. While chief executive, Jane Fraser, hailed 2024 as a “turning point” for the American banking group, Mark Mason, its chief financial officer, acknowledged that job cuts were “tough … Read more
The Post Office’s leadership has been accused of showing contempt for victims after its lawyers informed the inquiry into one of the country’s worst scandals that it was not reasonable to expect them to “leave no stone unturned” in getting to the truth. The inquiry into the false convictions of 900 post office operators was … Read more
Supermarkets are agreeing to accept smaller than usual cauliflowers, sprouts, cabbages and leeks as farmers struggle to cope with poor weather and flooding around the UK. The move to keep fresh British produce on the shelves comes after heavy rainfall and subsequent flooding, which started in late autumn and continued through Christmas and the new … Read more
(NEXSTAR) – CVS Health revealed Thursday that it will be shuttering “select” pharmacies located inside Target stores. The closures will happen early in 2024, starting in February and ending in April, Amy Thibault, lead director of communications for CVs, told Nexstar in a statement. Employees at those locations “will be offered comparable roles within the … Read more
Kazakhstan’s national airline has announced plans to float on the London stock market, bringing a potential windfall to BAE Systems, which has been an investor for more than two decades. Air Astana, which is 49% owned by the British defence company, hopes to list in London and Kazakhstan and raise $120m (£94m). The airline, which … Read more
MOUNTAIN VIEW, Calif. (KRON) — Google is laying off hundreds of employees worldwide, with many of the eliminated positions coming from its core engineering departments. The tech giant told NewsNation affiliate KRON4 Thursday that these changes come as it continues to cut costs and invest in its biggest priorities, which have been said to be … Read more
Aviation is an abundant source of metaphors, but not always as self-generating as the terrifying Alaska Airlines incident that has once again brought Boeing low: a hole blown in the side of an ascending plane, a gap that was not properly plugged, passengers staring into the void. The safe landing of flight 1282 on 5 … Read more
