Wednesday, March 5, 2014

In the past few days, tension has been increasing due to conflict between Ukraine and the Russian Federation which has led to the United States, the United Kingdom, and France increasing pressure on Russia to remove their troops from Crimea.

Wikinews interviewed specialists in Russian foreign policy and specialists in international law about the legality of Russia’s actions and the consequences of any sanctions imposed by G7 nation economies.

Saturday, August 25, 2007

The leading supplier of school uniforms in the United Kingdom, Lancashire-based manufacturer Trutex, has announced it is “seriously considering” including GPS tracking devices in future ranges of its uniform products after conducting an online survey of both parents and children.

“As a direct result of the survey, we are now seriously considering incorporating a [tracking] device into future ranges” said Trutex marketing director Clare Rix.

The survey questioned 809 parents and 444 children aged nine to 16. It showed that 44% of parents were worried about the safety of pre-teen children, and 59% wanted tracking devices installed in school apparel. 39% of children aged nine to 12 were prepared to wear clothing with tracking devices in them, while teenagers were notably less enthusiastic and more wary of what Trutex has admitted they see as a “big brother” concept.

However, Trutex has claimed the tracking devices would bring about worthwhile benefits, including being a valuable resource for parents who wanted to keep a close eye on where their children were at all times.

“As well as being a safety net for parents, there could be real benefits for schools who could keep a closer track on the whereabouts of their pupils, potentially reducing truancy levels” says Rix.

Each year, Trutex supplies 1 million blouses, 1.1 million shirts, 250,000 pairs of trousers, 20,000 blazers, 60,000 skirts and 110,000 pieces of knitwear to the UK.

It is not the first company to manufacture school uniforms with a central focus on child safety; last week Essex firm BladeRunner revealed it was selling stab-proof school blazers to parents concerned about violence against their children. The blazers were outfitted with Kevlar, a synthetic fibre used in body armour. It has already received orders internationally, including Australia.

If the Trutex tracking devices go ahead, it is unclear where in the uniform they will be located.

Friday, November 28, 2008

Two major retail chains in the United Kingdom — general retailer Woolworths Group and furniture vendor MFI Group — have entered administration. Entertainment UK — which distributes videos and DVDs to retailers and are owned by Woolworths — have also entered administration.

“The boards of Woolworths PLC and Entertainment UK Ltd have concluded that there is no longer any prospect of those businesses being able to operate as a going concern,” said a Woolworths statement.

Woolworths, who sells household goods, music and other items, owns 815 stores nationwide, and MFI owns 111. MFI CEO Gary Favell said he had “secured the future of the MFI business” in September when he led a management buyout, but cracks rapidly appeared. Favell revealed administrator Kroll were to take control of the property division and half the stores were surrendered to the administrators. He also asked landlords to grant a three-month period of no rent for the ‘new’ MFI, which only some agreed to, leaving Kroll to seek payment for the rest.

Now the entirety of MFI is in administration, with MCR as the administrator. “Closing down sales” have been announced by MCR. Analysts predict that while in the short term consumer confidence will be damaged by the collapse, in the middle term it will help the situation as excess competition and capacity are removed. MFI employs 1,500 people.

The administrators for Woolworths and Entertainment UK are consultancy firm Deloitte Touche Tohmatsu. “In the last 24 hours we have received expressions of interest from a number of parties for both the retail and wholesale businesses,” said Deloitte partner Dan Butters. “We are working hard to ensure that any sale of the business, in whole or part, will preserve jobs.” The 25,000 Woolworths employees have their positions safe until Christmas.

Shares in Woolworths have been suspended at just over a penny each. The firm also owns 2Entertain, a DVD publishing joint venture with BBC Worldwide, and book wholesalers Bertram Books. Both are currently operating as usual, although Woolworths is seeking to sell 40% of 2Entertain to the BBC.

“The important thing is in the long run that employees in this company – where the businesses and the shops are not going to stay open in the longer term – can get other jobs quickly,” Prime Minister Gordon Brown said. “That’s why we’re going to move in immediately to give advice to employees.”

Monday, September 7, 2015

The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.

Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past three months stand at 221,000, compared to March-May’s 189,000 monthly average. Over the past twelve months, job growth has averaged 247,000 per month.

Average hourly earnings rose 0.3 percent, or 8 cents, marking the largest increase in earnings in seven months. Hourly earnings had risen by 6 cents in July. Wages have risen by 2.2 percent over the past year.

Job growth in August was primarily concentrated in the health care and social assistance, financial activities, and professional and business services sectors. Those three areas of the economy added a combined 108,000 jobs. Food service and drinking places employment increased by 26,000 over the month, and other economic sectors saw employment hold steady. Manufacturing, on the other hand, saw employment decline by 17,000 in August. A stronger dollar and worldwide economic weakness make US exports less desirable, leading to a flattening in manufacturing employment so far this year after steadily rising in the early years of the US economic recovery.

The solid overall job gains led analysts to slightly raise expectations for a decision by the Federal Reserve to raise interest rates this month. Investors raised the likelihood of a September rate increase from 26 percent before the jobs report to 30 percent, and stocks dropped by over one percent on Friday. “The payrolls data is certainly good enough to allow for a Fed rate hike in September,” said Deutsche Bank’s head of currency strategy, Alan Ruskin. “The big question is still whether financial market volatility will scupper the plans.”

“This is the first time the market has looked at a Fed meeting and really has no idea what the Fed is going to do,” said Mark Kepner, a New Jersey equity trader with Themis Trading. “Right now you’re looking at the overall uncertainty and that’s what’s hanging on the market. I don’t think this number in and of itself changes how somebody’s going to vote.”