The John Lewis Partnership has struck a £500m deal with the investment firm Abrdn to build 1,000 residential rental homes, redeveloping three sites already owned by its Waitrose and eponymous retail store chains. The group intends to redevelop Waitrose shops in Bromley and West Ealing, and a vacant John Lewis warehouse in Reading, as the first part of a plan ...

The first four scale-up visa licences have been approved by the Home Office three months after the scheme began, prompting lawyers to question the slow take up. Macademia, a children’s educational TV and games producer based in Arkley, north London, was the first to be approved after it applied for the licence to bring an Argentinian freelancer to the UK ...

Barclays has been fined £8.4 million by the payments industry watchdog for failing to be transparent with retailers about the fees they were being charged to use its card services. The Payments Systems Regulator (PSR) said the FTSE 100 bank had breached the so-called interchange fee rules between the end of 2015 and 2018. “During this time Barclays processed a ...

Ministers have called on Britain’s biggest rail union to be “altruistic” and suspend strike action over Christmas and new year amid warnings that it will cost the economy more than £1.7 billion. The RMT union is planning eight days of strikes before Christmas and after the new year as part of the longest and most damaging period of industrial action ...

Dr. Nicanor G. TiongsonFilipino writers, poets, and playwrights play an important role in countering and correcting falsehoods running rampant in an extremely polarized public sphere, said Dr. Nicanor G. Tiongson, guest of honor at the 70th Carlos Palanca Memorial Awards for Literature awarding ceremony. “Tiyakin natin na ang ating isinasalaysay, bagaman fiction, ay hango sa maingat at malalim na pananaliksik at ...

REUTERSWASHINGTON — The world’s poorest countries now owe $62 billion in annual debt service to official bilateral creditors, an increase of 35% over the past year, World Bank President David Malpass said on Thursday, warning that the increased burden is increasing the risk of defaults.Mr. Malpass told the Reuters NEXT conference in New York that two thirds of this debt ...

REUTERSBEIJING — As a physics student at the elite Peking University in Beijing, Lynn Lau was expecting big Chinese private sector companies to scour the campus this summer for upcoming talent.But with the world’s second-largest economy growing at its slowest rate in decades, many recruiters stayed away this year.The wishes of Ms. Lau’s parents that she had a “safe” civil ...

STOCK PHOTOGlobal banks are turning bullish on South Korean and Taiwanese shares, expecting a revival in semiconductors to drive a rally next year, while they see Japan’s market as resilient thanks in part to its weak currency.The calls come as US rates are still rising, with most markets around the world eyeing their worst annual returns since the 2008 global ...

BW FILE PHOTOCentral bank governor Felipe M. Medalla on Friday voiced caution over a legislative proposal to create a sovereign wealth fund overseen by President Ferdinand R. Marcos, Jr., saying transparency over its governance would be key.Mr. Medalla, in an interview with Bloomberg TV, said a key concern for him would be how the fund would be managed and by ...

REUTERSLAGOS/BANGKOK — Days before his FTX cryptocurrency exchange collapsed, co-founder Sam Bankman-Fried tweeted “Hello, West Africa!” — his latest nod to a region where a growing number of kitchen table investors had put their faith, and savings, in FTX.In South Africa, Nigeria, and Ghana, FTX held a series of swish events in the months leading up to its bankruptcy filing ...