The founder of The Entertainer, Gary Grant, is transferring ownership of the UK’s toy chain and its subsidiaries to an Employee Ownership Trust, benefiting 1,900 staff members starting in September. Employees will receive tax-free bonuses based on profits and influence the company’s direction, while the Grant family will receive a payout for their shareholding over time.
Want More Context? 🔎
Chinese warship ploughs into own coast guard chasing Phillippine vessel
A Chinese warship collided with a Chinese Coast Guard vessel during a confrontation with the Philippine Coast Guard near the disputed Scarborough Shoal, resulting in sailors jumping overboard. The Philippines accused China of aggressive maneuvers and confirmed their presence in the area to assert territorial rights, while China claimed the Philippine vessels intruded into its waters. Want More Context? 🔎
Read more