BUSINESS | Luxury British Department Store Harrods To Cut Nearly 700 Jobs

LONDON – Luxury British department store Harrods said on Wednesday it plans to cut up to 672 jobs because of the coronavirus crisis, which kept its flagship branch in central London closed for nearly three months.

Harrods, which is owned by the Qatar Investment Authority (QIA), told staff it needed to shep up to 14% of its total workforce of 4,800.

Employees affected will primarily be in parts of the business that have been worst hit by the lockdown.

Chief Executive Michael Ward warned  it would take a drastic improvement in external conditions for Harrods’ business to recover and return to growth.

‘The necessary social distancing requirements to protect employees and customers is having a huge impact on our ability to trade, while the devastation in international travel has meant we have lost key customers coming to our store’, he said.

The job losses at Harrods add to a grim toll for the sector.

The owner of Upper Crust and Caffe Ritazza said earlier on Wednesday it may cut up to 5,000 jobs, while Philip Green’s Topshop-to-Dorothy Perkins Arcadia group said it was shedding 500 posts.


BREAKING NEWS | France Warns Citizens To Be Cautious As Anger Seethes In Muslim World Over Cartoons

PARIS | FRANCE – France warned its citizens living or traveling in several Muslim-majority countries to take extra security precautions on Tuesday as anger surged over cartoons of the Prophet Mohammad. In a sign that some countries want to limit the fallout, Saudi Arabia condemned the cartoons but held back from echoing calls by other … Continue reading BREAKING NEWS | France Warns Citizens To Be Cautious As Anger Seethes In Muslim World Over Cartoons

ROYALS | Prince Harry Says Upbringing Blinded Him To Unconscious Racial Bias

Britain’s Prince Harry said it took him years to realize that unconscious racial bias existed and his eyes had been opened by spending time in his wife Meghan’s shoes. The prince spoke during a conversation about racism with Patrick Hutchinson, the Black activist who was photographed by Reuters carrying a white man to safety during … Continue reading ROYALS | Prince Harry Says Upbringing Blinded Him To Unconscious Racial Bias

BUSINESS | Mercedes-Benz to lift Aston Martin Stake To Up to 20% By 2023

MILAN | ITALY – Daimler unit Mercedes-Benz is to lift its stake in Britain’s Aston Martin to up to 20% by 2023, making it one of the struggling British carmaker’s largest shareholders, Aston said on Tuesday. Aston Martin, popular for being James Bond’s carmaker of choice, has suffered a torrid time since it floated two … Continue reading BUSINESS | Mercedes-Benz to lift Aston Martin Stake To Up to 20% By 2023

BREAKING NEWS | Saudi Arabia Holds Off From Backing Action Against France Over Cartoons

RIYADH | SAUDIA RABIA – Saudi Arabia condemned cartoons offending the Prophet Mohammad, but held back from echoing calls by other Muslims states for action against images being displayed in France of the Prophet. A foreign ministry official also said in a statement that the Gulf state condemns all acts of terrorism, and apparent reference … Continue reading BREAKING NEWS | Saudi Arabia Holds Off From Backing Action Against France Over Cartoons

BREAKING NEWS | Arac De Triomphe Bomb Alert In Paris Lifted – Police

PARIS | FRANCE – The areas around the Arc de Triomphe and Eiffel Tower in central Paris have been reopened after briefly being evacuated on Tuesday in central Paris have been reopened after briefly being evacuated on Tuesday for security alerts, police told Reuters. The Arc de Triomphe area and surrounding subway stations had been … Continue reading BREAKING NEWS | Arac De Triomphe Bomb Alert In Paris Lifted – Police

BUSINESS | Jean Novel Concept Designs For Sharaan Resort In AlUla Unveiled

New concept designs for the Sharaan by Jean Nouvel resort revealed today after a deeper understanding of the architect’s daring vision for AlUla, the cultural oasis in north-west Arabia. Located deep within the Sharaan Nature Reserve, the design draw on the nearby Nabataean wonders of Hegra, Saudi Arabia’s first UNESCO World Heritage Site. In a … Continue reading BUSINESS | Jean Novel Concept Designs For Sharaan Resort In AlUla Unveiled

NEWS ALERT | Insulting Muslims is an abuse of free speech, Iran’s Zarif Says

MILAN | ITALY – Insulting Muslims is an ‘opportunistic’ abuse of free speech, Iran’s foreign minister said on Monday, in an apparent reference to remarks by French President Emmanuel Macron perceived to be critical of Islam. ‘Muslims are the primary victims of the ‘cult of hatred’, the minister, Mohammad Javad Zarif, tweeted, without directly addressing … Continue reading NEWS ALERT | Insulting Muslims is an abuse of free speech, Iran’s Zarif Says

BREAKING NEWS | Pakistan’s PM Takes Aim At Macron; Asks Facebook To Ban Islamophobic Content

MILAN | ITALY – – Pakistan Prime Minister Imran Khan called on Facebook to ban Islamophobic content on its platform, warning of a spike in radicalization Muslims, hours after he hit out at the French president for ‘attacking Islam’. Pakistan summoned the French ambassador in Islamabad as anger spread on Monday over President Emmanuel Macron’s … Continue reading BREAKING NEWS | Pakistan’s PM Takes Aim At Macron; Asks Facebook To Ban Islamophobic Content

G20 SAUDI ARABIA | King Salman Says Pandemic Proved Flexibility, Strength Of Saudi Economy

Custodian of the Two Holy Mosques King Salman bin Abdulaziz stressed on Monday that the novel coronavirus pandemic demonstrated the flexibility and strength of the Saudi economy. In an address before the Business 20, he said: ‘We are determined to boost development and prosperity through empowerment and investment in new sectors’. Minister of Investment Khalid … Continue reading G20 SAUDI ARABIA | King Salman Says Pandemic Proved Flexibility, Strength Of Saudi Economy

WORLD NEWS | Poland’s President Tests Positive For Coronavirus

BUCHAREST | ROMANIA – – Polish President Andrzej Duda has tested positive for coronavirus, an aide said on Saturday, as the country faces a record rise in cases. ‘Ladies and Gentlemen, as recommended President @AndrzejDuda was tested yesterday for the presence of coronavirus. The result turned out to be positive. The president is fine”, Blazei … Continue reading WORLD NEWS | Poland’s President Tests Positive For Coronavirus

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