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Tesco to pay farmers more for milk used in cheese production

Farmers’ union welcomes move by UK’s biggest retailer to pay price based on cost of production as significant Tesco has agreed to increase the amount it pays farmers for milk used to produce cheese, in a major victory for the dairy industry in its battle with supermarkets. Britain’s biggest retailer will pay farmers a price […]

Say goodbye to capitalism: welcome to the Republic of Wellbeing

If governments and companies are serious about meeting the Sustainable Development Goals then they’ll need to ditch their bad habits Imagine a country genuinely committed to pursuing the sustainable development goals (SDGs), set to be agreed on by the international community later this month. It would place emphasis on human and ecosystem wellbeing as the […]

Eurostar train held at Calais reaches London after 16-hour delay

Exhausted passengers describe how train was held close to Channel tunnel as police tried to remove migrants from roof of train Exhausted passengers delayed for 16 hours on a Eurostar train have arrived back in London after spending the night outside Calais with police attempting to remove people who had been trying to enter the […]

'Dr Evil' says a $15 minimum wage will create high school dropouts

A new billboard campaign implies that $15 an hour for fast-food workers would undermine the value of higher education “What? I get $30,000 a year with no experience or skill?” asks a billboard in New York’s Times Square, the self-styled crossroads of the world. The poster, featuring a louche young man in sunglasses smiling smugly […]

UK construction growth edges higher in August

Positive PMI data raises hopes that building sector can make stronger contribution to economic growth Britain’s construction industry expanded at a healthy pace in August, according to the key survey of the sector, boosting hopes that economic growth remained resilient into the third quarter. The monthly purchasing managers index, from the Chartered Institute of Purchasing […]

Shell bid for BG likely to go ahead despite oil slide, say analysts

Barclays dismisses concerns about deal being disrupted by falling crude price With the continuing slump in the oil price, there are signs that investors may be concerned that Royal Dutch Shell’s near £50bn cash and share deal to take over BG might not go ahead. But in a new note, analysts at Barclays have downplayed […]

FTSE 100 loses early gains on China fears as oil price slides again

Ashtead lifted by positive results and Hikma gains after Barclays note An early rally after Tuesday’s plunge has fizzled out, with the UK’s leading index slipping into negative territory again. There were a few bright spots in the falling FTSE 100 (unlike on Tuesday when only engineer Meggitt managed to make any gains as global […]

Halfords hit by bicycle sales wobble

New chief blames discounting and rain-sodden summer for sales woes but insists slowdown is merely a blip Halfords has blamed a sharp fall in its sales of bicycles and cycling equipment over the summer on bad weather that deterred casual cyclists from taking to the road or upgrading their kit. In an unscheduled trading statement, […]

Jitters as Australian economy grows by just 0.2% in June quarter

Quarterly growth figure is half the expected rate, dragged down by reduced mining and construction activity and export woes The economy stuttered during the three months to the end of June, undermined by reduced mining and construction activity coupled with a decline in exports. Wednesday’s national accounts showed the economy grew at a feeble 0.2% […]