Category: Business

Dozens of jobs have been lost after a prominent hotel on the outskirts of Aberdeen went into liquidation. The four-star Mercure Aberdeen Ardoe House Hotel, at Blairs, has been a popular venue for weddings and events for more than 70 years. However, the impact of coronavirus pandemic was described as the “final straw” for the […]

Video-game-maker Capcom has warned a ransomware attack might have compromised gamers’ personal information. Up to 350,000 people could be affected, it said, and some of its own financial information had been stolen. The Japanese developer is best known for franchises such as Resident Evil, Street Fighter, and Monster Hunter. A week-and-a-half earlier, it had said […]

Christmas parties are being organised virtually by businesses whose offices are closed due to the coronavirus pandemic. A vaccine will arrive too late for office parties, so companies have invested in digital events and activities. Food deliveries, workshops and live entertainment have been planned virtually for staff. The aim is to boost morale, when some […]

Fifteen countries have formed the world’s largest trading bloc, covering nearly a third of the global economy. The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian countries, as well as South Korea, China, Japan, Australia and New Zealand. The pact is seen as an extension of China’s influence in the region. […]

Japan’s economy has bounced back from recession with growth of 5% in the third quarter of this year. It had seen its economy shrink during 2020 as lockdowns hit its manufacturing sector and consumer spending. The world’s third biggest economy is now showing signs of recovery, although some analysts cautioned that further growth is likely […]

Topshop owner Arcadia is in talks with lenders to secure around £30m in funding following the second coronavirus lockdown in England. The discussions, revealed by Sky News, are understood to be progressing and a deal could be close to being reached. Another report suggested that Arcadia is drawing up plans to place the business into […]

Retailers, shipping and haulage companies have complained of “chaos” at Felixstowe Port in Suffolk, affecting goods in the run-up to Christmas. One ship due to be unloaded at the port last week was redirected to Rotterdam because of “unacceptable” delays. The owner, Hutchison Ports, blames pre-Brexit stockpiling and the pandemic. Freight manager Matt Hudson warned […]