Tag Archives: amid

Jamie Oliver to shut six Jamie’s Italian restaurants amid ‘tough trading’ after Brexit

Jamie Oliver has announced he is to close six of his Italian restaurants, blaming tough trading amid rising Brexit cost pressures. The celebrity chef’s company said outlets in Aberdeen, Cheltenham, Exeter, Richmond, Tunbridge Wells and Ludgate Hill, London, will close by the end of March. Simon Blagden, chief executive of Jamie Oliver Restaurant Group, said: “As every restaurant owner knows, this is… Read More »

Facebook Releases Employee Guidelines Amid Accusations of Political Bias

Facebook on Thursday emphasized that it does not permit its employees to block news stories from its “Trending Topics” list based on political bias, amid a controversy over how the social media superpower selects what news it displays. Technology news website Gizmodo on Monday reportedthat a former Facebook employee said workers “routinely suppressed news stories of interest to… Read More »

Target’s managing director says resignation ‘the right thing’ amid accounting issues

Target’s managing director Stuart Machin has resigned, as parent company Wesfarmers investigates claims of accounting issues in its most recent half-year results. Key points: Stuart Machin says moving on “right thing” as accounting issues happened on his watch Wesfarmers launches comprehensive investigation into accounting problems Target reportedly agreed to give suppliers additional rebates in return for higher price… Read More »

EPFO to invest more in govt bonds amid corporate loan defaults

EPFO is expected to receive about Rs 1.12 lakh crore in incremental deposits during this fiscal ending March 2016. Amid a surge in the number of loan defaults by corporates, retirement fund body EPFO will cut exposure in corporate bonds and park more funds in the secure government securities. The finance ministry has approved a proposal mooted by… Read More »