Customers what does it mean for their customers and this was originally a uk lifestyle brand, so what does it mean for the employees in the uk . figs mean for the employees in the uk . Sis you mean for the employees in the uk . Is you say it is a turn for a company that started specialising in menswear in the 19805 and now has grown nearly 50 stores and nearly a thousand employees. They sell online and operate within department stores. Under conditions like this it would be reasonable to expect that a sale could result in job losses even into the hundreds and they did not indicate what that could look like but we heard from the chief strategy and transition officer for authentic and he said hopefully some consolidation at the brand and it will still be Available Online and in store spot for employees and stakeholders, he said we wish there could have been a better outcome but for employees. Authentic brands group is the owner of ted baker, since 2022, but the acquisition happened afte
The governments Finance Department to make it support Economic Growth. But the governments Chief Secretary to the treasury laura trott says labour are offering no plan just more borrowing and more taxes. So what are the priorities for british businesses . Joining me now live is the Chief Economist of the confederation for british industry. What does the cbi and its members need to hear from a prospective chancellor back . Often the criticism of not enough detail. What would you like to hear . What businesses would like to hear . What businesses would like to hear is a long term vision and strategy for how to deliver Economic Growth in the uk, and we know our challenges of growth in the last couple of years has been lacklustre and in terms of Living Standards we have not seen the growth and productivity that we need so what is the answer to that . It is absolutely how business works with government to make sure we have a Business Investment going across all sectors and regions in our ec
And early noughties. Now this comes hot the heels of Dissapointing China Trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling, down more than 14 in the year tojuly. But domestic demand is down too with imports also falling by more than 12 in the same period. Joining me now is janet mui, head of market analysis, Rbc Brewin Dolphin where is this deflation coming from . Good morning, thanks for having me. So, this Deflation Data is mostly coming from food. And also commodities prices like raw materials, energy etc. Actually, if you look at the underlying deflation, things Like Services and tourism and leisure, hotels. Actually, they are up, the Core Inflation is up from 0. 4 to 0. 8 . But obviously, its still pretty muted. Overall, it is a concern that china prices are contracting and it could be lasting for a while as well. , ~ , could be lasting for a while as well. , ~ ,. ,. , well. How likely is it that ch
behind the alibaba single - our asia correspondent. he was behind the alibaba single stay l behind the alibaba single stay phenomenon in 2009 and has been the chief executive for about eight years and he has been the chairman for around four years but now he is stepping down and he willjust focus on heading up the company s new cloud computing unit which is going to work on artificial intelligence. it is all part of the company s broader pivot away from e commerce and online shopping is what made it its fortune but in recent years sales have been sluggish and the value of the company has diminished and the management decided there was need for a rethink so about three months ago they announced the company would be splitting up into six. we company would be splitting up into six. ~ , . ~ company would be splitting up into six. ~ , ., ~ ., ., company would be splitting up into six. ~ , w . ., , company would be splitting up into six. we will break away to bring you some news
between the voting systems firm dominion and fox news. star hosts tucker carlson and sean hannity are also expected to take the stand. more on all of those stories in a few minutes. first, a full round up from the bbc sport centre. hello. day four of the world snooker championship is well under way with two england vs scotland battles under way in the afternoon session. john higgins is leading david grace 10 7, and england sjudd trump is taking on anthony mcgill, where he s leading at the crucible. let s take you straight there. that is anthony mcgill at the table, a ropey start but he came from two frames down to level at 2 2. however, trump has fought back and took the fifth frame, which means he is now leading 3 2. don t forget, judd trump was last year s finals, eventually it was until ronnie o sullivan. mcgill has only beaten judd trump winds in his career. security of course stepped up at the crucible after last night s protest, uninterrupted coverage on bbc iplayer, th