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Michael Kors and Jimmy Choo end use of fur

Michael Kors and Jimmy Choo end use of fur

Business
Global fashion brand Michael Kors, which also owns Jimmy Choo, says it is to end its use of fur.The luxury fashion group will phase out production of fur by the end of 2018 in a company-wide policy, and the two brands have joined the international Fur Free Retailer Programme.Animal rights group Humane Society International has welcomed the move.It is the latest in a series of announcements by major fashion brands that are moving away from using animal fur and creating fashionable clothing with other materials.Designer Michael Kors said: "Due to technological advances in fabrications, we now have the ability to create a luxe aesthetic using non-animal fur. We will showcase these new techniques in our upcoming runway show in February."The president of the Humane Society International, Kitty ...
HS2 redundancy pay 'shocking waste' of taxpayer cash

HS2 redundancy pay 'shocking waste' of taxpayer cash

Business
Unauthorised redundancy payments made by the state-owned company managing the HS2 rail project were a "shocking waste of taxpayers' money", MPs have said.The Public Accounts Committee said the firm overseeing construction of a high-speed rail line offered staff terms "well in excess" of authorised levels.The MPs blamed "weak internal processes" at HS2 for overpayments to 94 people totalling £1.76m.An HS2 spokesperson acknowledged "a serious error" had been made.The company made the payments in 2016-17 after shedding 94 staff in a move from London to Birmingham.A combination of compulsory and voluntary redundancy schemes were offered on enhanced terms, resulting in a total bill of £2.76m, despite instructions from the Department of Transport that they should be at statutory rates, which wou
Walt Disney buys Murdoch's Fox for $52bn

Walt Disney buys Murdoch's Fox for $52bn

Business
Media playback is unsupported on your deviceWalt Disney has agreed to buy the bulk of 21st Century Fox's business for $ 52.4bn (£39bn), in a deal both companies said position them to compete in the rapidly changing media industry.The purchase includes Fox's film and television studios, as well as its 39% stake in satellite broadcaster Sky.Fox will form a news-focused company with its remaining assets.The move is a sharp shift for 86-year-old Fox owner Rupert Murdoch after more than half a century of media expansion.Mr Murdoch turned a single Australian newspaper he inherited from his father at the age of 21 into one of the world's largest news and film empires.He said the break-up makes sense amid new threats from online advertising and competitors who are streaming entertainment into home
Black Friday delivers retail sales boost

Black Friday delivers retail sales boost

Business
Black Friday helped retail sales grow by a better-than-expected 1.1% last month, official figures show.Electrical household appliances were a key factor in boosting sales.The figures appeared to allay some of the gloom surrounding the high street as rising inflation eats into household income, shaking consumer confidence.The growth reported by the Office for National Statistics (ONS) beat the average expectation of economists that sales volumes compared to the previous month would increase by just 0.4%.ONS senior statistician Rhian Murphy said: "Household goods stores had a good November, with a number of businesses saying that Black Friday promotions boosted sales."The 1.1% growth in November was the strongest monthly figure since April. The ONS also revised up October's reading from 0.3%...
NATO holds CBRN training course in Kuwait

NATO holds CBRN training course in Kuwait

Business
Dec. 13 (UPI) -- NATO has trained 15 Kuwaiti experts in dealing with the aftermath of chemical, biological, radiological and nuclear incidents.The training, consisting of lectures and a table-top exercise to develop security standards for the aftermath of CBRN incidents, took place at the NATO-Istanbul Cooperation Initiative Regional Center in Kuwait City earlier this month, the international organization said.The training introduced and described NATO's consequence management concept, organization, systems and procedures in crisis management.The training was part of the alliance's Science for Peace and Security Program."This course came as a continuation to the CBRN Incident Commanders course conducted in 2015, and as a part of the cooperation between NATO and Kuwait," said Fawaz Al Othma...