Promotions, not job cuts, follow Southwest’s holiday chaos
Southwest Airlines is making a number of executive promotions, but nobody is getting fired after thousands of flights were canceled in late December.
Business
Christmas and World Cup help UK retail sales rise in December
Total sales for the month increased by 6.9% compared with a year earlier despite cost of living crisisBritain’s retailers benefited from a sales boost in December fuelled by Christmas shopping and the World Cup, despite growing concerns over the impact…
Study: Progress in U.S. gender pay equity slowed by family leave
Family leave policies, though limited in scope and typically unpaid in the U.S., have hamstrung the progress toward gender wage parity since the 1990s.
Disappointing end to UK space mission as satellites fail to reach orbit
Boeing 747 used in mission from Cornwall successfully released rocket before ‘anomaly’ was reportedA historic space mission that took off from Cornwall has ended in huge disappointment after a rocket carrying the first satellites launched from British …
Defense Business Brief: Canada to buy F-35; Modified 747 to launch Navy satellites; FTC considers banning non-compete clauses; and more.
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Mexico ended 2022 with 7.82% annual inflation
Mexico ended 2022 with 7.82% annual inflation, the highest rate in more than two decades.
BrewDog boss pays almost £500k to unhappy ‘solid gold’ beer can winners
James Watt says bungled promotion in which cans were only gold plated looked ‘dishonest and disingenuous’The chief executive of BrewDog has paid out almost £500,000 from his own pocket to winners of a bungled “solid gold” beer can promotion which he ha…
Business energy bill support to be reduced after March, Treasury confirms
New scheme promises £5.5bn of ‘transitional’ help for businesses over 12 months from 1 April 2023Businesses will receive reduced support for their energy bills from the end of March as the Treasury attempts to cut the cost of compensating for soaring g…
Deal reached for sale of Russian-owned refinery in Sicily
Russian oil company Lukoil say it has reached an agreement for the sale of a refinery plant in Sicily.
Bank of England warns high inflation could last longer than expected
Chief economist says risks remain despite fall in wholesale energy prices and UK on brink of recessionThe Bank of England’s chief economist has warned high rates of UK inflation could persist for longer than expected, despite a fall in wholesale energy…