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China’s Evergrande to pay interest on small part of €250 billion debts
China’s real estate giant Evergrande has announced that it will pay interest on a small part of its debts but has not reassured financial markets, as global investors nervously watch the Chinese property developer struggle to avoid defaulting on massive debts worth over €250 billion.China Evergrande Group owes over €250 billion, and with interest payments …
Business
Business Live
North East firm Power Roll launches project to put solar panels in blinds
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Business
Evening Standard
Carex and St Tropez owner PZ Cussons seeing ‘early warning signals’ over product delays
The boss of Carex and St Tropez owner PZ Cussons is monitoring “early warning signals” for threats that could delay delivery times, as the firm battles supply chain disruption and soaring costs. Jonathan Myers, who is pursuing a long-term turnaround strategy at the listed company, told the Standard it is facing “unprecedented” raw materials price …
Business
Sky News
Global stock markets recover ground as crisis-hit Evergrande reveals bond settlement
Global stock market values are climbing after a massive Chinese company, seen as having the largest debt pile in the world, was able to sooth worries over its imminent future.Investors have been rattled this week by the state of debts – seen as high as $310bn – at real estate-to-carmaker Evergrande. As the clock ticked …
Business
Business Live
Met Office boss Penny Endersby elected Fellow of the Royal Academy of Engineering
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Business
Business Live
Brittany Ferries calls for clarity on when travellers can ditch PCR tests
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Business
Sky News
Soaring gas prices may not be temporary and more suppliers could go bust, Ofgem chief warns
Soaring gas prices may not be temporary and more energy suppliers could go out of business in the coming months, the chief executive of Ofgem has warned.Jonathan Brearley said “well above” hundreds of thousands of customers could be affected. “Have a look at the change in the gas price – it really is something that …
Business
Business Live
Pret a Manger to open 200 more UK shops – and sees signs of recovery as workers return to offices
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Business
Business Live
New plans to allow workers to request flexible working from day one
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Business
Sky News
Netflix acquires Roald Dahl’s company to bring new films and shows to streaming service
Streaming giant Netflix has bought the Roald Dahl Story Company – a deal which includes the author’s entire back catalogue that will bring films, shows and potentially games to the broadcaster.The company will now control the rights to the author’s entire literary works, and is eyeing the creation of a “unique universe” that involves “immersive …
Business
Sky News
Deal to support US-owned CO2 producer could cost taxpayer ‘tens of millions’
The government could end up giving tens of millions of pounds of taxpayers’ money to an American company to help it restart carbon dioxide production at two plants, a minister has told Sky News.Speaking to Kay Burley, Environment Secretary George Eustice said that without the “temporary” agreement with CF Fertilisers there would have been food …
Business
Sky News
Pret a Manger ends office focus and targets new post-COVID future with hiring spree
Pret A Manger has revealed plans to hire 3,000 staff through a post-coronavirus strategy that will see it target sales away from city centre offices after a pandemic driven slump.The coffee and sandwich chain, which cut thousands of jobs as its outlets were hammered by COVID-19 restrictions that forced customers to work from home, said …

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