The UK’s most iconic luxury department store is axing nearly 700 jobs to cut down on costs after being hit hard by the pandemic.
Harrods CEO Michael Ward told employees about the cuts in a memo early on Tuesday, June 30.
Ward said the axe would fall in areas of the business hardest hit by the lockdown.
Harrods is one of many retailers across the globe to have faced immense financial pressure during the pandemic. Its flagship store in Knightsbridge, London, remained closed for several months.
Read more via Business Insider
Britain's King Charles and Queen Camilla arrived in the United States on Monday for a four-day trip, welcomed by self-proclaimed royal fan Donald Trump even as the U.S. president has di...
Oil prices rose 1% on Tuesday, extending gains from the previous session, as efforts to end the U.S.-Iran war appear stalled, with the crucial Strait of Hormuz waterway still mainly shu...
Morning Briefing
Malta set for 30th May General Election: Maltese voters will go to the polls on May 30 after Prime Minister Robert Abela called a general election nine months before ...
Morning Briefing
PM warns of difficult months ahead but vows to turn challenges into opportunities
Prime Minister Robert Abela has warned that the months ahead will be challenging,...
Disinformation is no longer spreading only through fringe actors or political agitators, but through a digital system that rewards outrage, sensationalism and engagement above accuracy, ...
The European Parliament is moving closer to finalising its position on the EU’s next long-term budget, setting the stage for a key institutional milestone in shaping the 2028–2034 Multia...
Oil prices rose 1% on Tuesday, extending gains from the previous session, as efforts to end the U.S.-Iran war appear stalled, with the crucial Strait of Hormuz waterway still mainly shu...
Porsche has agreed to sell its stakes in sportscar makers Bugatti and Rimac to a consortium led by a U.S. fund co-founded by a scion of Egypt's billionaire Sawiris family, one of the c...
“A company’s workplace culture praised by management, needs to be taken with caution. But when the recognition comes directly from employees, that carries greater weight,” says JONATHAN ...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
Malta Public Transport announces that it will be operating two additional evening trips between Mġarr and Nadur in Gozo on Saturday 18 April 2026 to facilitate passenger travel following...
In line with its mission to drive a truly digital Malta, GO plc is making giga-speed internet the entry point for all business customers, with six months completely free for new Business...
Shipping traffic through the Strait of Hormuz remained at a virtual standstill on Monday with just three crossings in the space of 12 hours, according to shipping data.
The oil prod...
Rights groups, including Amnesty International, say Iran carries out more executions per capita than any other country, and more in total than any nation except China, where reliable fig...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Russian forces have taken 1,700 square km (656 square miles) of territory in Ukraine this year and are advancing on its so-called fortress belt in Donbas, Moscow's top general said whil...
Russia unleashed its deadliest attack so far this year on the Ukrainian capital Kyiv and other cities overnight, killing 16 people, including a 12-year-old child, and wounding scores, i...
