NEW YORK (AP) — The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages.
The downward revision came as the CBI warned chancellor Rachel Reeves the UK economy is 'headed for the worst of all worlds'.
MADRID (Reuters) -The Spanish government has issued a decree extending a temporary tax on energy companies into 2025, Prime Minister Pedro Sanchez said on Monday, after lawmakers voted last week to eliminate the levy. The decree enters into force on Jan. 1, but it will need to be confirmed by parliament within 30 days in order to apply throughout next year as the minority government intends - which may prove difficult to achieve as its partners to the left and right are at odds on the issue. Sanchez said that with the extension, Madrid was upholding the commitments made to its partners, as it required an "extra effort" from energy companies while at the same time introducing a tax incentive which "takes into consideration strategic investments that are essential for decarbonisation".