UPDATE: March 4, 2022: This story has been updated to include information about WPP’s intentions to wind down operations in Russia, which were announced shortly after publishing. Consumers want brands to take concrete measures addressing Russia’s invasion of Ukraine, a reflection of growing public awareness of the influence companies wield over […]
crisis
Fast Fashion Is Creating An Environmental Crisis
This means the company’s staff are paid competitive residing wages and its enterprise practices are transparent. Further, workers are in the sweatshops for hours daily, seven days every week. Families often take their children Fashion & Shopping out of college to work, perpetuating the cycle. Funky Kalakar brings alive the […]
Women shoulder burden of Covid’s childcare crisis
In the UK’s lockdown spring, Capital Economics’ Jennifer McKeown found herself juggling her job and the new roles of “teacher, entertainer, cook and cleaner” overnight. “It was extremely difficult. You just constantly feel guilt about either not being with the children… or about not doing your job.” For all that […]
This property ‘mini-boom’ will become a ‘mega-bust’ if the Kafkaesque cladding crisis is not solved
Not two months ago, I wrote about the infuriating process of trying to get an EWS1, a building fire safety form brought in post-Grenfell. Without it, lenders won’t approve mortgages, rendering flats worthless. Ours came back with an A3 rating, and my mortgage broker confirmed this week that “the lender’s […]
Burger King eyes closure of 25 stores as Covid crisis hits fast food
Burger King is preparing to shut some of its UK restaurants as part of a restructuring process triggered by the Covid-19 pandemic, with a goal of opening more drive-through sites. The fast-food giant has enlisted advisers from AlixPartners to review options for one of its subsidiary companies, which directly owns […]
Rishi Sunak hints at more jobs support as unemployment crisis deepens
The official unemployment rate rose for the first time since the pandemic struck, climbing marginally from 3.9pc to a two-year high of 4.1pc. But economists expect the furlough-distorted figure to soar much higher as the scheme is withdrawn. Following the gloomy figures, ministers boosted hopes they will intervene to stop […]
Capitalist technology is already solving the climate crisis but Extinction Rebellion hasn’t noticed
It is irrelevant whether or not Tesla itself survives to reap the reward. Volkswagen and Daimler have turned their backs on the combustion engine for ever. Tesla has already unveiled its million-mile battery. Later this month it will unveil a 500 mile-range battery on a single charge, now becoming de […]
Over-50s falling out of the workplace as economic crisis bites
The number of over-50s in work has fallen for the first time in almost 30 years, as Britain prepares to enter a winter of job losses. As of June this year, 133,000 fewer over-50s were in jobs than in January, latest Government data shows. The percentage of this age group […]
The buy-to-let property markets worst hit by the universities crisis
The A-levels fiasco has created a “perfect storm” that will leave landlords in lower-tiered cities facing chaos when university term starts. As some students were awarded their predicted grades, giving them higher results than expected, many are now likely to ditch their back-up university options. This means that student numbers in towns with lower ranking […]
Credit Suisse struggles to move on from spying crisis
Bosses including Thiam were cleared of having any knowledge of the botched spy operation following an internal probe which pinned the blame on Thiam’s key lieutenant, former operating chief Pierre-Olivier Bouée, who quit last year after an internal investigation concluded that he issued the surveillance in order to protect the […]