Facebook and Sainsbury’s: How the business world is shaping up

Image copyright Getty Images Image caption US e-commerce giant Amazon is expected to make fresh moves in the retail sector

Good weekend, readers. Hopefully you have had a good week, but that doesn’t mean it’s always a smooth ride in the business world.

Key stories to watch out for this week include:

The race is on to see if Facebook can pull it off

It was a busy week last week, as the tech giant found itself involved in another money-laundering storm – with it finally launching a system to make sure payments are secure.

The social media giant has now introduced a list of conditions that third-party developers must agree to accept money from Facebook users.

It says the new rules should help it clamp down on “bad actors” who use their platforms to carry out money-laundering, terrorists’ propaganda and other offences.

It’s being closely watched by rivals, given how much it has changed the way online advertisers buy and run campaigns.

Supermarket giant Sainsbury’s is launching its own restaurant chain to rival Waitrose and Marks & Spencer

Supermarket group Sainsbury’s has announced plans to open 40 Waitrose-style restaurants across the UK, which it is calling the “Shop with Sainsbury’s”.

The idea of a supermarket-based restaurant is nothing new – Marks & Spencer, Waitrose and Greggs already offer some in the market.

But Sainsbury’s says it’s banking on its wider customer base, which has been increasingly keen to have more restaurants as places to eat and drinks to accompany them.

Tim Hortons, the Canadian coffee-and-doughnut chain owned by Starbucks, will open its first Irish shop later this year

San Diego-based Tim Hortons, owned by Starbucks, has been eyeing a European invasion for more than a year now. It has plans to expand across Europe, with a base in Rome.

But this week it revealed it will enter Ireland by taking the plunge in Galway, just in time for St Patrick’s Day.

Online auction site eBay has announced a fresh round of UK office closures

The online auction house has revealed it is cutting a further 150 jobs as part of a shake-up in the UK, which is in the middle of its biggest round of office closures for almost two decades.

The company said it was keeping workers – either temporary or full-time – with final terms and conditions to be negotiated.

The changes could leave some up to 700 UK jobs at risk – roughly 5% of its total workforce.

Carillion is to close seven more construction sites in Britain – including one at King’s Cross and other high-profile projects.

The insolvency of Carillion plunged the British construction industry into crisis last month.

It is still under creditor protection after it failed to repay £600m of loans and nearly £900m in outstanding contracts, and has seen hundreds of thousands of construction workers across the UK thrown out of work.

And UK coffee chain Costa is to start a new mobile payment system

Slice Tech, the company that runs online ordering systems for coffee-drinkers, is launching a new system later this year, so that customers don’t have to wait in line at Costa if they aren’t with a computer.

The chain will start testing its new M3 system, which will let customers make iced coffee and milk-free cappuccinos through a mobile app.

It is also testing a service to send home drink cups in the latest of a series of tests to try out different technologies at its 300 stores in Britain.

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