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January 15, 2019 5:37 PM DEATH OF THE HIGH STREET: ‘Stark’ outlook as online shopping hits home

CLOSE to two fifths of Britons are apathetic toward the high street according to new research, which was published just weeks after British retailers suffered major losses during the festive period. UK retail sales has decreased by 0.7 percent on a like-for-like basis from December 2017, with retail giant John Lewis threatening to cut staff bonuses in light 79

January 15, 2019 8:05 AM Boohoo remains in fashion as sales surge

Sales at Boohoo grew strongly in the last four months of 2018, in another sign that people are choosing online shopping over the High Street. The online fashion retailer, which also owns the PrettyLittleThing and Nastygal fashion labels, saw revenues in the four-month period jump 44% to £328.2m. It revised its revenue growth forecast for the financial 20

January 15, 2019 7:46 AM Online fashion retailer Boohoo raises revenue target after strong Christmas

While rival ASOS issued a profit warning before Christmas, Boohoo saw sales jump in the UK and US market. The owner of Nasty Gal and Pretty Little Thing said revenue rose 44% to £328.2m in the four months to 31 December, up from £228.2m a year earlier. In the UK, revenues rose 33% to £180m and US sales jumped 78% to £70.4m. Boohoo now expects revenues 17

January 15, 2019 2:27 AM WW3 THREAT: China develops ‘impenetrable’ system too strong for hypersonic missiles

A TOP Chinese defence strategist claims to have created an “Underground Steel Great Wall” defence to nullify the threat of future hypersonic weapons destroying their arsenal. Qian Qihu, 82, won the prestigious 2018 State Preeminent Science and Technology Award due to his contributions to national defence for the system which he described as the country's 49

January 14, 2019 10:37 PM May's deal would 'DASH Global Britain' warns Fabricant in latest blow to PM

TORY MP Michael Fabricant has lashed out at Prime Minister Theresa May's Brexit withdrawal agreement, insisting the UK's future as a global trading hub would be "dashed" under her deal. Mr Fabricant said Sir Lockwood Smith, who was New Zealand’s High Commissioner until 2017, was also dismissive of Mrs May's Brexit deal. Mr Smith said it would be "difficult" 25

January 14, 2019 6:35 AM 'Browbeaten' Carlos Ghosn being mistreated in Japanese jail, says wife

Mr Ghosn is kept in an unheated cell, lost almost seven pounds and is given only rice and barley to eat, his wife claims. In a nine-page letter, Carole Ghosn said: "My husband's is a case study in the realities of this draconian system". Japanese authorities arrested Carlos Ghosn on 19 November and charged him with under-reporting his income by about 26

January 13, 2019 11:34 PM Celebrity Big Brother USA confirms season two houseguests

Anthony Scaramucci, Jonathan Bennett, Dina Lohan among CBS's new line-up CBS has officially announced the famous faces taking part in Celebrity Big Brother USA season two, including Mean Girls star Jonathan Bennett and former White House staffer Anthony Scaramucci. After weeks of rumours and speculation online, the contestants were finally confirmed 44

January 11, 2019 10:55 AM British economy hit by 'steep decline' in manufacturing

The biggest brake on growth comes from a drop in car production, amid factory shutdowns, weak demand and falling diesel sales. The nation's GDP grew by 0.3% in the three months to November, according to the Office for National Statistics (ONS). This is compared to growth of 0.4% recorded in the three months to October. The data reveals that on a rolling 22

January 11, 2019 3:35 AM China to be world LARGEST economy by 2030

THE US will lose its place as the world’s biggest economy by 2030, falling below China and India, according to a new report. The study was produced by UK banking firm Standard Chartered. Britain, France, Italy and Canada are all predicted to fall out of the world’s top 10 economies. They will be overtaken by Turkey, Brazil and Egypt which are forecast 30

January 10, 2019 4:16 PM Honda to stop production for six days after Brexit

The company said in a statement: "Honda of the UK Manufacturing Ltd has been assessing how best to prepare for any disruption caused by logistics and border issues following the UK leaving the EU on 29 March 2019. "To ensure Honda is well paced to adjust to all possible outcomes, we are planing six non-production days in April 2019. "This is to facilitate 23