Thursday, May 19News That Matters
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Tag: shut

‘If Tesla uses its cars to spy, we’ll get shut down’ – Musk responds to Chinese military’s fears

‘If Tesla uses its cars to spy, we’ll get shut down’ – Musk responds to Chinese military’s fears

Business
Elon Musk has said his company would be shut down if its cars were used for the purposes of spying.The Tesla chief executive was responding to news that China's military has banned Tesla cars from its facilities. Speaking to a Chinese forum in a virtual discussion, Mr Musk said: "There's a very strong incentive for us to be very confidential with any information."If Tesla used cars to spy in China, or anywhere, we will get shut down."According to a Reuters report on Friday, the Chinese military cited security concerns over cameras installed on Tesla's vehicles. ...
Boohoo pays £55m for Debenhams brand but stores are to shut

Boohoo pays £55m for Debenhams brand but stores are to shut

Business
Fashion retailer Boohoo has paid £55m to acquire the brand of collapsed rival Debenhams - with the intention of relaunching it online only.The cut-price deal for the brand name, intellectual property and customer lists will eventually result in the closure of Debenhams' 118 remaining stores as none of the sites are included in the sale. Administrators at FRP Advisory confirmed stores would, once allowed under COVID-19 restrictions, re-open only for the purpose of clearing stock - with a fire sale continuing online presently. Image: Boohoo has been among online-only retailers to have bolstered sales substantially during the pandemic It leaves more than 10,000 staff facing the prospect of redundancy, though it was hoped there would be s...
HSBC to shut 82 bank branches – here’s the full list

HSBC to shut 82 bank branches – here’s the full list

Business
HSBC has announced plans to shut 82 UK branches this year after a shift towards telephone and internet banking.The bank said it would "aim to redeploy all customer service colleagues who are impacted... into suitable nearby locations" but did not immediately say how many jobs were affected. HSBC said the decision reflected "local market trends, customer behaviour and branch usage" and would see the total number of branches reduced to 511. It said the closures are part of plans to become a market-leading digital bank and an overhaul of how remaining branches will operate.Of the 82 sites closing, 81 are within a mile of a Post Office, two-thirds are within five miles of another HSBC branch and nine in 10 are within 10 miles, HSBC added. ...
Wonder Woman nets biggest US opening since COVID shut cinemas – but fraction of usual takings

Wonder Woman nets biggest US opening since COVID shut cinemas – but fraction of usual takings

Entertainment
Wonder Woman 1984 raked in around $ 36.1m at cinemas worldwide over the Christmas holiday weekend, Warner Bros has said.It is believed that $ 16.7m of that came from US and Canadian venues. That makes it the highest domestic box office opening since the coronavirus pandemic shuttered cinemas in March, though the numbers were a fraction of those typical for a big-budget action movie. Image: Gal Gadot reprised her role as Wonder Woman in the new film. Pic: Warner Bros Pictures To put that into context, Star Wars: The Rise of Skywalker hauled in $ 374m globally during the weekend of its release in December 2019.Millions of people also watched WW84 - a sequel to 2017's Wonder Woman - at home in the US, where the movie was made available t...
Primark says autumn shut down cost it £430m in sales

Primark says autumn shut down cost it £430m in sales

Business
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