Latest news with #businesses
CTV News
3 hours ago
- General
- CTV News
Tokala Trail to be closed for work starting Monday
Tokala Trail will be closed between Dalmagarry Road and Sedgefield Row on Monday June 2, with a detour in place around the area for motorists. (Source: City of London) The City of London has issued a notice that Tokala Trail will be closed between Dalmagarry Road and Sedgefield Row on Monday June 2, with a detour in place around the area for motorists. The detour will be in place until roughly June 16, motorists are advised to expect delays and follow detour signs to reach their destination. The closure is in place to facilitate private work, sidewalk access will be maintained throughout the work, and access to businesses will be uninterrupted.
CTV News
15 hours ago
- Business
- CTV News
Businesses concerned as steel, aluminum tariffs double
Ottawa Watch U.S. President Donald Trump says he will double tariffs on steel and aluminum stirring up concern for some Ottawa businesses. CTV's Natalie Van Rooy reports.
The Sun
18 hours ago
- Business
- The Sun
Adored Italian restaurant with 90 branches across the UK closes in town centre after serving customers for over 9 years
A POPULAR Italian restaurant branch is sadly set to close its doors in a north of England town centre. Bella Italia has announced the closure of its Darlington branch at the end of its current lease in early July. 2 It was one of the first restaurants to open in the DL1 complex when it launched in 2016. But it is now set to wrap up operations at the site after nine years of serving happy customer s. No specific reason has been given for the restaurant's sudden closure. However, Bella Italia has confirmed the branch will close its doors in the first week of July. A spokesperson for the chain paid tribute to the "fantastic" branch staff as they announced the closure. They said: 'We can confirm that our restaurant in Darlington will cease trading at the end of our current lease in the first week of July. "We would like to thank our fantastic team at Darlington who have done an amazing job over the years. "We would also like to thank our wonderful Darlington guests; we hope to see them again in one of our other north-east restaurants." It comes as number of big name businesses continue to pull out of the DL1 complex in Darlington's town centre. Tomahawk Steakhouse, Prezzo, Mango Bean are among the others to have left the site. A spokesperson told the Northern Echo in April that it is 'still in the process of reviewing future plans and no final decision has yet been made regarding reopening'. Bella Italia remains one of Britain's most popular Italian restaurant chains, with dozens of venues across the UK and Ireland. Its parent company went into administration in 2020 at the height of the COVID pandemic. The company would be acquired and re-branded later that year.
Yahoo
a day ago
- Business
- Yahoo
Council backs call for increased business levies
Hikes in levies paid to York's Business Improvement District (BID) are necessary in order to allow the business-led body to continue its services, events, and efforts to attract investment, according to a York Council report. It has also backed plans to expand the BID area by a further 10 streets, raising the number of levy-paying businesses to 974. Proposals drawn up by the BID's board would see annual levies rise from 1% to 1.6% of the rateable value of each eligible commercial property. A further 2% yearly increase would be applied to cover inflation, with a cap of £20,000-per-property. The report called BID's current financial framework "unsustainable" arguing it had not changed since 2016. An increase in levies, and expanding the BID's area to include more streets, would help fund essential services provided by BID, such as street cleaning, security personnel and cycle storage. The proposals by the BID board are set to be discussed by the council's executive on 3 June, ahead of a ballot on whether to renew the body's term for a further five years. BID members, including the council, are set to be balloted in October - with the new arrangements taking effect from April next year, if they are passed. Members will also be asked to endorse the BID's business plan - due to be drafted by late summer - which will set out its plans and priorities until 2031. Under new proposals, 10 new streets would also be added to the area covered by York BID, taking in those included in its Purple Flag safety campaign and other projects. They are: Blossom Street, Bootham, The Crescent, Eboracum Way, Esplanade Court, Frederic Street, Heworth Green, Layerthorpe, Marygate and Marygate Lane. The additions would increase the number of levy-paying businesses from 892 currently - which together contribute about £800,000-a-year - to 974 businesses. But the report stated business revaluations, which took place in 2023, lowered rateable values by £4.16m, compared to 2017 - meaning the overall amount of levies collected is expected to fall. Services provided by York BID include daily street cleaning, street rangers, taxi and riverside marshals and cycle storage, along with seating and floral displays. The body also helps to organise events, including York Restaurant Week, the annual winter illuminations, the Colour and Light display and Ghosts in the Garden. It also provides subsidised skills training for businesses, in partnership with York St John University, and monitors city-centre footfall, visitor numbers and spending data. The report stated the BID had invested £7.6m into York city centre since it was established, with footfall rising by 7.5% from 2023 to 2024. Shop vacancy rates were at their lowest rate in almost 18 months at 7.4% at the end of last year, under the BID's tenure, the report found. It claimed that progress would be jeopardised if the BID's term is not renewed and levy hikes do not go ahead. The report stated: "The current financial framework of the BID is unsustainable as arrangements have been in place since 2016. "The BID Board is clear that changes must be implemented to secure its operations for a further five-year term." The Local Democracy Reporting Service has contacted York BID for further comment. Listen to highlights from North Yorkshire on BBC Sounds, catch up with the latest episode of Look North. Council tax bills to rise by £90 a year in city City's tourism tax a 'no-brainer' says councillor City of York Council Error in retrieving data Sign in to access your portfolio Error in retrieving data
Bloomberg
a day ago
- Business
- Bloomberg
Charting the Global Economy: US GDP Falls on Larger Trade Hit
The US economy contracted slightly to start the year, largely reflecting a bigger tariff-related trade hit but also a larger downshift in household spending growth than first estimated. In contrast, an export surge help drive the Canadian economy in the first quarter as businesses accelerated shipments ahead of higher US duties. Gross domestic product in India rose at a stronger-than-forecast 7.4% pace.
