Britain’s retailers predict that 900,000 jobs in the sector — a third of today’s total — will disappear by 2025 as technology and the rising minimum wage reshape the industry. Retailers currently employ one in six British workers — about 3m people — and the sector accounts for a tenth of the economy. Source: FT
China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. Source: Reuters
If Theresa May wanted proof she is running out of friends in Europe, she need only have ventured to the Roy d’Espagne brasserie in Brussels late last night. For while the Prime Minister dined alone after another summit mauling, Angela Merkel, Emmanuel Macron and the rest of their European chums were drinking the night away and enjoying the city’s famous beers. Source The Telegraph
One of the oldest coal companies in the U.S. with connections to Coshocton filed for bankruptcy protection Oct. 9 to deal with more than $1.4 billion in debt amid declining demand for the fuel. Englewood, Colorado-based Westmoreland Coal Co. filed for voluntary Chapter 11 protection in U.S. Bankruptcy Court in Houston as part of a restructuring agreement with an unnamed group of lenders. Source Coshocton
