Wal-Mart is so big that its action will probably lead to raises for millions of workers employed by other companies. Photograph: Patrick T Fallon/Bloomberg

In February, Wal-Mart, America’s largest employer, announced it will raise wages for half a million workers. For many of those workers the gains will (...)

Microsoft co-founder and philanthropist Bill Gates has been deemed the world’s richest man by Forbes magazine, which said he had a net worth of $79.2 billion (€70.8 billion) in 2015. Photograph: Cole Burston/EPA.

Bill Gates’s net worth has increased by $3 billion over the last year to $79.2 billion (€70.8 billion), Forbes magazine said.That figure puts him at t(...)

Staff benefiting from the new policy will from April earn at least $9 an hour, Walmart said. Photograph: EPA/MIKE NELSON

Walmart plans to spend $1 billion raising the pay for about 500,000 US staff this year as the world’s largest retailer by sales offered further signs (...)

Ryanair put in another strong performance, on back of steady volumes, closing the day 29 cent or 3.3 per cent up at €9.96 following a sector-wide trend. Photograph: Robin Townsend/EPA

Stock markets around the world clung to modest gains on Thursday, with European equities retreating from seven-year highs, after Germany rejected a(...)

Protesters outside a Wal-Mart store late last year. Photograph: Reuters

An improving jobs market is doing wonders for US consumer confidence. The number of workers filing claims for jobless benefits fell by a more-than-pro(...)

 Coca Cola: results out Wednesday.  Photograph: Anthony Devlin/PA Wire
For your diary

TODAY US President’s Day Indicators: UK Rightmove House Price Index (February); Japanese industrial production (December). TOMORROW Results: Dragon Oi(...)

The firm had said in January that Wicklow-born Philips would stay until March 12th

Britain’s fourth largest supermarket group Morrisons said finance director Trevor Strain is to take on chief executive duties while a successor is sou(...)

Richard Liu, chairman and chief executive of JD.com, playfully kisses the hand of employee Li Quan, as he borrows his delivery tricycle for some publicity. JD.com has emerged as a Chinese online goliath with a model that echoes that of Amazon. Photograph: Sim Chi Yin/New York Times

Just about every June, on the anniversary of his company’s founding, Richard Liu dons a big motorcycle helmet and red uniform, hops on a three-wheeled(...)

Shares in the supermarket chain jumped more than 4 per cent after news of Dalton Philips’s departure, a brutal verdict from the City on the Irish man’s time at the top. Photograph: PA

Dalton Philips, the globetrotting Irish retail executive, will soon be heading back to his homeland to reflect on the future after being sacked as chi(...)

Morrisons announces  departure of  chief executive Dalton Philips following weak Christmas trading. Photograph: Morrisons/PA Wire

The intense pressure building on the British retail sector claimed its first scalp of the year on Tuesday with the departure of Morrisons chief execut(...)