Category: Business
Trump pardons dark web marketplace creator Ross Ulbricht
Jenna McLaughlin President Trump fulfilled a campaign promise to Libertarian supporters on his second day back in office by pardoning the former creator and owner of an underground e-commerce website known for drug trafficking. Ross Ulbricht, also known as “Dread Pirate Roberts,” operated the anonymous digital marketplace known as Silk Road between 2011 and 2013,…
Australia exposed to modern slave labour imports and many businesses ‘ignoring the facts’, commissioner warns
The scale of Australia’s trade with blacklisted companies, revealed in Guardian investigation, prompts anger across the Uyghur community Australia’s new anti-slavery commissioner has called on the government to urgently address the “inadequacy” of its forced labour laws after revelations that it had allowed thousands of imports from Chinese companies blacklisted for their alleged links to…
All of the Day 1 executive actions Trump has announced so far
By Lexie Schapitl , Franco Ordoñez President-elect Trump is expected to sign a flurry of executive orders, memorandums and proclamations on Monday after he is sworn in, reversing many of his predecessors’ policies and reinstating actions from his first term in office. The actions are expected to address a range of issues, including campaign priorities…
Heavy snow and frigid temps put 70 million in the U.S. under winter storm warnings
By The Associated Press BOSTON — Tens of millions of residents along the East Coast are bracing for several inches of snow Sunday followed by dangerously cold temperatures that will take hold in much of the country from the Northern Plains to the tip of Maine. Winter storm warnings issued by the National Weather Service…
From GDP to trade, how well equipped is China’s economy for Trump 2.0? | Amy Hawkins
Beijing has prepared for increased tariffs but its actions will not be enough to offset falling demand from the US When Donald Trump enters the White House for the second time on 20 January, the view from the Oval Office will look very different to the one he encountered in 2017. A pandemic, the war…
Zyn nicotine pouches can be marketed in the U.S., the FDA says. What does this mean?
Jaclyn Diaz Federal health officials have authorized the marketing and sale of Zyn nicotine pouches, marking the first time the Food and Drug Administration authorized these popular products that go between a user’s gum and upper lip. After “an extensive scientific review,” the FDA said, the products were found to pose lower risks of cancer…
People are rushing to install solar panels before Trump becomes President
Jeff Brady The solar power industry is growing fast, accounting for more than half of all new electricity on the grid last year. But soon President-elect Trump and fellow Republicans in Congress may try to reduce or eliminate government incentives that have driven much of that growth. Solar installers face even more uncertainty with threats…
Reeves’ drive for growth seeks China lifeline after UK market turmoil
Chancellor’s mission to Beijing weighted with greater expectations Rachel Reeves hailed a new era of “respectful and consistent future relations with China” as pressure grew on the embattled chancellor to deliver on her government’s central promise to fire up UK economic growth. After meeting China’s vice-premier, He Lifeng, in Beijing, Reeves said Britain’s relationship with…
Rail passengers face disruption from Avanti strikes every Sunday until June
Train managers on west coast mainline to take action from 12 January to 25 May in dispute over rest-day working Passengers on Great Britain’s west coast mainline have been warned of disruption to Avanti services on every Sunday from this weekend to the end of May. Train managers represented by the the National Union of…
Labour MPs urge Rachel Reeves to demand Jimmy Lai’s release
UK chancellor will be first to make an official visit to China in a decade Labour MPs have urged Rachel Reeves to demand Jimmy Lai’s release when she becomes the first UK chancellor to make an official visit to China in nearly a decade. Nine Labour MPs have joined a cross-party call for Reeves to…
There is one major gift Trump is inheriting from Biden: A good job market
Scott Horsley There is major thing that president-elect Donald Trump will be getting as President Biden prepares to hand over the reins: a strong labor market. U.S. employers added more than a quarter-million jobs in December — well above expectations — while the unemployment rate dipped to 4.1%, according to a report from the Labor…
Fears over UK borrowing costs as US jobs figures prompt stock market volatility
Pound falls against the dollar and bond yields rise amid concerns over high UK inflation and interest rates Concerns over the UK government’s borrowing costs were revived on Friday after stronger-than expected US jobs figures triggered volatile conditions in global financial markets. In an accelerating global bond market sell-off, investors warned that the UK was…
Budget tax changes will push up price of fresh food, says Sainsbury’s boss
NICs increase will add £140m to wage bill of supermarket, which has announced 5% pay rise for staff Changes to employers’ national insurance contributions announced in the government’s October budget will drive inflation, particularly on fresh food, according to the boss of Sainsbury’s as he announced a 5% pay rise for workers. “It is coming…
UK music industry hails proposals to crack down on ticket touting
Resale prices could be capped at 30% over face value, while resale websites face greater legal obligations The price at which tickets for live events can be resold is to be capped under “gamechanging” proposals put forward by the government to crack down on touting in the sector. In a move hailed by music industry…
Cuts, tax rises and doing nothing: Rachel Reeves’ options to tackle economic woe
Labour’s fiscal rules may limit the chancellor’s ability to act, but waiting it out may be the best option The UK government has come under pressure from a bond market sell-off and the tumbling pound, heaping pressure on the chancellor, Rachel Reeves, to reassure investors about Britain’s economic and financial position. After a challenging first…
Lloyds, Halifax and Bank of Scotland to share branches
Lloyds, Halifax, and Bank of Scotland customers will be able to use services in any branch of the three brands as part of the group’s latest network shake-up. Lloyds Banking Group, which owns all three banking brands and is the UK’s biggest moneylender, said the move would give customers more choice and flexibility. It has…
Reeves mulls deeper cuts to public services as borrowing costs soar
Chancellor could slash departmental spending in spring after ruling out tax increase, officials reveal Rachel Reeves is considering imposing steeper cuts to public services to repair the government’s finances after a bruising week in which investors drove up the cost of UK borrowing and pushed the pound to a 14-month low. Government officials have told…
Man told he can’t recover £598m of Bitcoin from tip
A judge has thrown out a man’s attempt to sue a council to recover from a rubbish tip a Bitcoin hard drive that is now worth about £598m. James Howells had argued that his former partner had mistakenly dumped the hard drive containing a Bitcoin wallet in 2013, and he wanted to access the site…
Peter Dutton’s pledge to exclude CFMEU from Queensland road projects could be illegal, experts say
Law professor says prohibiting companies from tendering because of union relationships would be ‘tantamount to a secondary boycott’ A pledge to “exclude” the Construction, Forestry and Maritime Employees Union from Queensland road projects by state and federal LNP leaders has been criticised as illegal by industrial relations experts. On Thursday, the opposition leader, Peter Dutton,…
Lloyds to let customers use Halifax and BoS branches, raising job cut fears
Account holders at the group’s three brands will be able to use any of their locations, but unions fear site closures Lloyds Banking Group will allow customers to use any of its Halifax, Bank of Scotland and Lloyds branches as part of a shake-up that has sparked fears of job cuts and site closures, weeks…
Greggs sales growth slows amid ‘lower consumer confidence’
Bakery chain says fewer shoppers on high streets over Christmas also to blame in ‘more challenging market’ Greggs, the UK’s biggest bakery chain, has reported slowing sales growth over the festive period, blaming weakening consumer confidence and fewer shoppers on high streets. The company said its total sales rose by 11.3% to just over £2bn…
M&S reports strong festive sales but says UK firms will take hit from tax rises
Sales at food halls rise 8.9% over Christmas, with 23 December its biggest ever day of food trading Marks & Spencer has hailed a “good Christmas” with strong sales of food but warned that British businesses face higher costs from the government’s tax increases. The UK retailer said sales at established food halls rose 8.9%,…
Retailers warn of higher prices in 2025 and urge ministers to ease tax burden
Companies grappling with higher employment costs say price of food may rise by 4.2% in latter half of year UK retailers have urged ministers to ease their tax burden as they said that the cost of food and other items will rise sharply throughout the year as companies grapple with higher employment costs. Food prices…
Royal Mail to celebrate The Vicar of Dibley with 12 special stamps
‘Classic moments’ from BBC comedy series to feature on range of first- and second-class stamps The Royal Mail is issuing 12 special stamps to celebrate the 1990s BBC comedy series The Vicar of Dibley. Eight stamps depict memorable scenes from the sitcom, including a guest appearance by former ballerina Dame Darcey Bussell, while four stamps…
Rachel Reeves heads to China to build bridges, but a new golden era of relations is impossible
Seeking business partners post-Brexit is sound policy, but even in these darker geopolitical times the UK will ultimately side with the US Rachel Reeves will fly with a delegation of City grandees to China this week as Labour seeks closer economic links with Beijing as part of its quest for growth. With the outlook increasingly…
Permanent job vacancies in UK shrink at fastest pace for four years
Job market data deepens sense of gloom enveloping UK plc as analysts plan close look at effects of NICs rise on hiring Vacancies for permanent jobs in the UK declined at their fastest pace for four years last month, according to a new survey that adds to the gloomy economic mood. Amid febrile markets and…
Two power station owners to get more than £12m for three hours of electricity
Uniper and a subsidiary of Vitol able to charge 50 times recent market price to ensure supply during evening peak Two gas power station owners will be paid more than £12m to supply just three hours of electricity on Wednesday evening after freezing weather led to some of the highest market prices since the energy…
UK long-term borrowing costs at highest since 1998 amid fears over weak growth
Yield rises above peak reached when Liz Truss’s mini-budget in 2022 caused turmoil in markets The UK government’s long-term borrowing costs have reached the highest level since 1998 amid investor concerns over Britain’s sluggish growth prospects and stubbornly high inflation. The yield – in effect the interest rate – on UK 30-year government debt rose…
Mark Carney ‘considering’ run to replace Justin Trudeau as Canada PM
Supporters of former Bank of England and Bank of Canada governor say he has experience to lead in period of instability The former Bank of England governor Mark Carney, a climate-focused economist who became the first non-Briton to run the Bank, is considering entering the race to replace Justin Trudeau as Canada’s prime minister. Trudeau…
UK house prices dip for first time since March, says Halifax
Britain’s biggest mortgage lender says say affordability could hamper further rises in the months ahead UK house prices fell by 0.2% month on month in December – the first monthly drop since March – according to Britain’s biggest mortgage lender. Data released by Halifax, Britain’s biggest mortgage lender, also showed that the price of the…
Luxury tights brand Wolford apologises for delays to orders and refunds
Exclusive: Skinwear firm admits delivery services overstretched amid heavy criticism from customers Shoppers have taken to the reviews site Trustpilot to warn others against making orders, with some saying they had waited for more than a month for their goods to arrive and had been unable to obtain a refund. Almost 90% of the 460…
UK retailers may have to cut thousands of jobs after bleak Christmas
British Retail Consortium figures show sales growth close to flatlining, as card spending fails to rise Britain’s largest retailers are warning they could be forced to cut thousands of jobs this year as the industry braces for higher taxes and employment costs after a bleak Christmas shopping season. In the latest sign of tough trading…
Meta taps Trump ally and UFC CEO Dana White to join its board
Shannon Bond Dana White, the Ultimate Fighting Championship president and supporter of President-elect Donald Trump, is joining the board of Facebook and Instagram parent company Meta. White’s election as a Meta director two weeks before Trump takes office comes as Silicon Valley is courting the incoming administration, following what has been a frosty relationship with…
China’s yuan hits 16-month low amid fears over Trump tariffs
CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September China’s currency hit a 16-month low on Monday, despite efforts by the central bank and stock exchanges to soothe investor worries about impending US tariffs under a Donald Trump presidency. The tightly controlled yuan reached 7.3301 per US dollar, its weakest…
U.S. Steel sues to salvage its sale to Japan’s Nippon Steel
Scott Horsley U.S. Steel and its would-be Japanese suitor Nippon Steel have gone to court to defend their $15 billion merger, after President Biden on Friday moved to block the deal, citing national security concerns. In a lawsuit filed Monday in federal court in Washington, the companies accuse the president of violating their due process…
Anas Sarwar accuses Scottish government of ‘weakening every institution’
Scottish Labour leader sets out plan to revive party’s flagging fortunes before Holyrood elections Anas Sarwar has accused the Scottish government of “weakening every institution in Scotland” as he set out plans to revive Labour’s flagging fortunes before the Holyrood elections. The Scottish Labour leader said he would spend much of 2025 reminding the Scottish…
What are my rights if my home is flooded or damaged?
Serious storms, including Darragh and Bert, caused extensive damage in various parts of the UK, and were followed by wintry and wet weather causing flooding in January. As homeowners and businesses assess the damage, they will find insurance cover and compensation can vary significantly depending on the level of impact and the small print in…
Aldi celebrates ‘best Christmas ever’ with sales of £1.6bn
Britain’s fourth-biggest grocer says crucial holiday period performance boosted by 12% surge in premium range sales Aldi has reported its “best Christmas ever” after Britain’s fourth-biggest grocer said it made sales of more than £1.6bn in the four weeks to Christmas Eve, thanks in part to shoppers trading up to its premium range. The supermarket…
Amazon aims to branch into UK internet market with satellite broadband plan
Proposed space launches within next two years could ultimately deliver mobile phone signal even to most remote areas Amazon is hoping to offer a satellite broadband service in the UK within the next two years as it prepares to launch a constellation of spacecraft that could ultimately deliver a mobile signal even to the most…
CNN goes on trial over its report alleging ‘black market’ for Afghan rescues
David Folkenflik After the Taliban took control of Afghanistan in August 2021, many people were desperate to flee the country. CNN reported that a security consultant was among those offering to evacuate them — for a price — as part of an investigation into claims of “black market” rescue operations. CNN’s story, which aired on…
Uniqlo, Gymshark and Lush stop hiring UK workers via gig economy apps
TUC criticise retailers for endangering workers’ rights by using apps such as YoungOnes and Temper Lush, Uniqlo and Gymshark have stopped using freelance retail workers hired through apps such as YoungOnes and Temper, after unions criticised the gig economy companies. The TUC wrote to the retailers urging them to stop using freelance retail workers amid…
New year, new deal: the buyout boom poised to take over City lawyers’ lives
Around-the-clock work will be commonplace to tackle an M&A surge fuelled by tax changes, activist investors … and the Trump factor Whether they’re on skis or a sunlounger, there is no beach, mountain or fireside that can spare lawyers from the urgent calls of zealous, dealmaking executives and private equity bosses. After a breathless 2024,…
Net neutrality is struck, ending a long battle to regulate ISPs like public utilities
Emma Bowman A federal appeals court struck down the Federal Communications Commission’s net neutrality rules, ending a 20-year push to regulate internet service providers like a public utility. A U.S. Court of Appeals for the Sixth Circuit in Cincinnati on Thursday ruled that the FCC did not have legal authority to reinstate the landmark net…
What are cold weather payments and who can get them?
Cold weather payments have been triggered for the start of 2025. Some people in England, Wales and Northern Ireland are entitled to the money when there is a prolonged period of below-zero temperatures. In Scotland, those on low incomes and benefits may receive a separate winter heating payment, which does not depend on how low…
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year. By Alan Rappeport Reporting from Washington President Biden blocked the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement on Friday…
Trump will be sentenced Jan. 10 in New York case, days before his inauguration
Ximena Bustillo President-elect Donald Trump is scheduled to be sentenced Jan. 10 in New York, 10 days before he is sworn in to be president of the United States. In a decision Friday, New York Judge Juan Merchan noted that his inclination was to not impose a sentence of incarceration. In the filing, Merchan noted…
Debate Over U.S. Sanctions on Russia For Ukraine War Intensifies
Russia-Ukraine War The president-elect has said he will use sanctions sparingly while vowing to end the war in Ukraine, renewing questions over their efficacy. By Patricia Cohen Patricia Cohen, based in London, has been covering the sanctions on Russia since the country’s full-scale invasion of Ukraine in 2022. Thousands of far-reaching sanctions have been imposed…
House Speaker vote puts GOP unity to the test
Deirdre Walsh Republicans are taking the first steps Friday to usher in a new era of full GOP control in Washington as Congress comes into session. But the usually ceremonial process in the House is already bogged down in political infighting over who should be elected Speaker of the House. House Speaker Mike Johnson, R-La,…
Laura Ashley bought by US owner of Ben Sherman
British clothing and home furnishings brand sold by Gordon Brothers to Marquee Brands Laura Ashley has been acquired by New York-based Marquee Brands, the owner of 17 businesses including Ben Sherman and Martha Stewart. The clothing and home furnishings brand, best known for its floaty floral frocks, has been sold by Gordon Brothers. Gordon Brothers…
Badenoch’s department wrote to Treasury after Dyson lobbying over potential tax break
Business department raised issue of patent box benefit after meeting that took place last June, documents show Kemi Badenoch instructed her department to write to the Treasury about a potential tax break after an intervention from Dyson, documents have revealed. In the minutes of a meeting during her time as business secretary last June, seen…
Dress codes for high-end restaurants may not be as strict as you think they are
By Hosts Many restaurants — even the high-end ones — are ditching dress codes for diners. LEILA FADEL, HOST: Maybe this has happened to you. You go out to eat at a restaurant you haven’t tried before. But you’re not sure about the vibe, so you don’t know what to wear. So you worry, will…
‘We’d be stuck’: alarm as UK’s last braille typewriter repairer ponders retirement
Alan Thorpe is Britain’s last certified fixer of the Perkins brailler, a machine vital for teaching blind children to read and write Alan Thorpe runs his fingers over the braille note attached to the latest repair job to arrive at his doorstep in Sheffield. Reading from the tactile note, he says: “The paper won’t wind…
Lidl enjoys record £1bn UK sales in run-up to Christmas
Discount grocer records 7% increase in four weeks leading up to Christmas Eve Lidl made more than £1bn in sales in the run-up to Christmas for the first time in the three decades the discount grocer has been operating in the UK as cash-strapped shoppers cut costs. The German-owned discounter, which is close to overtaking…
Neil Young pulls out of Glastonbury and says it is ‘under corporate control’
Rock star Neil Young has announced he will not be performing at this year’s Glastonbury, saying he believes the festival, which is partnered with the BBC, is “now under corporate control”. The 79-year-old Canadian wrote on his website that he and his band the Chrome Hearts “were looking forward to playing Glastonbury, one of my…
UK house prices rise for fourth month in a row, says Nationwide
Cost of average home in December reaches £269,426, with value increasing over year by almost £12,000 House prices rose for a fourth consecutive month in December, ending 2024 on a “strong footing”, Nationwide said, with the cost of an average home hitting £269,426. The building society’s monthly tracker found prices in December rose 0.7% on…
Centrelink payments increase, higher passport fees and pay rises: all the 1 January changes in Australia in 2025
Bigger Austudy and carer allowance payments, higher Medicare safety net thresholds and mandatory corporate reporting on climate also in 1 Jan changes With the new year come new policies, laws, taxes and reforms. Here’s everything to know about changes on 1 January, 2025 that could affect you. Centrelink payments, including youth allowance, Austudy and carer…
It’s time to get serious about stamp duty on shares, a terrible advert for London
The number of listed companies fleeing can’t be ignored – cutting or abolishing the tax could revive the capital market Last year was another depressing one for departures from the London stock market. Back in January, it was Flutter heading for the exit. The owner of Paddy Power, Betfair and Sky Bet got itself a…
Australian property prices fall for the first time in two years
Australia’s property market has finally come off the boil after a resilient run of growth at a time of high interest rates and inflationary pain. The 0.1% fall in December followed a flat result in November and a gradual slowing in the pace of growth over the course of the year. Sign up for Guardian…
Turnout inequality in UK elections close to tipping point, report warns
IPPR says elections could lose legitimacy because of falling turnout among groups such as renters and non-graduates UK elections are “close to a tipping point” where they lose legitimacy because of plummeting voter turnout among renters and non-graduates, an influential thinktank has said. Analysis by the Institute for Public Policy Research (IPPR) found that the…
The Papers: Energy bills ‘to rise further’ and world rings in 2025
“So much for cutting our energy bills!” is the headline on the front of The Daily Mail. It’s one of several papers to highlight increases in fuel costs for households. The Mail says Labour promised to slash prices, but the paper warns that families are now facing three hikes to the energy price cap in…
Post Office scandal: MPs call for financial penalty for slow payouts
A group of MPs says compensation is not being paid quickly enough for the victims of the Post Office scandal and is calling for the government to face financial penalties if the process doesn’t speed up. The Business and Trade Select Committee said binding timeframes were needed, with any money arising from missed deadlines going…
Woolworths to sell Australia Day holiday merchandise in reversal of 2024 policy
Supermarket chain says it will help customers ‘celebrate the day’ by selling flag-themed items Woolworths says it will mark the Australia Day holiday in-store this year, after it stopped stocking themed merchandise last year amid a “broader discussion” of what 26 January meant to the community. The supermarket chain, which also owns department store Big…
Great Guinness heist: thieves stole truck carrying 35,000 pints
Revealed: lorry with 400 kegs of the Irish stout onboard disappeared from Northamptonshire depot, sources say In the days leading up to Christmas, stout-lovers were left reeling from a nationwide shortage of Guinness so severe that some pubs were forced to ration pints of the “black stuff” as taps began to run dry. Supermarkets remain…
Russia winds down gas supply to Europe via Ukraine as transit deal expires
Exports to cease on New Year’s Day as Europe faces cold snap and higher than usual fall in reserves since September Europe will receive the last Russian gas sent via Ukraine’s pipelines in the early hours of the new year as the continent braces for a plunge in temperatures that could hasten the drain on…
Xi says China’s economy on course to expand by 5% despite Trump concerns
President seeks to allay fears that world’s second-largest economy will falter in 2025 because of high US tariffs China’s economy is on course to expand by 5% in 2025, according to its president, Xi Jinping, meeting official growth targets and rebutting concerns that Donald Trump’s incoming US administration will harm Beijing’s prospects in the new…
Can flood of cheap new EVs coming to Europe save its carmakers?
Analysts argue 2024 is minor blip and that lobbying for relaxation of rules could harm industry in long term Affordable new electric family cars – particularly those that are EU-made – have been tough to come by in Europe for the past few years. There were no launches of homegrown electric models for less than…
For these women, sustainable business is buzzing
Industrious and indispensable, bees are nature’s “essential workers.” Their pollination powers entire ecosystems and food systems — with more than 75 percent of the world’s flowering plants and a third of all crops relying on bees and other pollinators to reproduce. Yet bees are declining at alarming rates. Mass die-offs have been linked to pesticides,…
London-listed miner pauses Mozambique operation amid political unrest
Gemfields makes decision over ruby mining after groups ‘took advantage’ of situation to try to invade its site The London-listed mining company Gemfields said it had temporarily halted its ruby mining operation in Mozambique after groups “took advantage” of political unrest to set fire and attempt to invade its site, resulting in two deaths. Gemfields,…
The peanut farmer who rose to US president and Nobel prize winner
Jimmy Carter, who has died at the age of 100, swept to power promising never to lie to the American people. In the turbulent aftermath of Watergate, the former peanut farmer from Georgia pardoned Vietnam draft evaders and became the first US leader to take climate change seriously. On the international stage, he helped to…
Lululemon End of Year Scores: $49 Align Leggings & $24 Best-Sellers
Don’t miss the lululemon End of Year Scores event with $59 Align leggings, belt bags, hoodies, and shorts. Best-sellers start at $24, making this the perfect chance to refresh your activewear for 2025 Our writers and editors independently determine what we cover and recommend. When you buy through our links, E! may earn a commission. Learn…
Pottery Barn End of Season Sale: $1.99 Mugs, $8.99 Vases & More
Don’t miss Pottery Barn’s End of Season Sale with up to 75% off holiday decor, tableware, and more. Shop major deals on the Lilly Pulitzer and Monique Lhuillier collections while supplies last! Our writers and editors independently determine what we cover and recommend. When you buy through our links, E! may earn a commission. Learn more.…
The UnitedHealthcare Tragedy Is Why Insurance Needs to Change Now
Opinion The UnitedHealthcare Tragedy Is Why Insurance Needs to Change Now I am a trauma surgeon and gunshot survivor who has experienced byzantine health insurance coverage firsthand. I understand why people are furious By Joseph V. Sakran edited by Megha Satyanarayana When I was 17 I was nearly killed when a fight broke out after…
Still haven’t filed your taxes? Here’s what you need to know
So far this tax season, the IRS has received more than 100 million income tax returns for 2022. That means tens of millions of households have yet to file their returns. If yours is among them, here are some last-minute tax-filing tips to keep in mind as the Tuesday, April 18 deadline approaches. Not everyone…
European stocks close higher after holiday closures; Delivery Hero sheds 4%
European stocks were higher on Friday, as markets Source: www.cnbc.com
Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer
Nordstrom will become a private company after it a Source: www.cnbc.com
MicroStrategy rides ‘red sweep’ to 477% gain in 2024, topping almost all U.S. stocks
Of the 439,000 bitcoin that MicroStrategy owns, mo Source: www.cnbc.com
Here’s why business leaders are spending big on Trump’s inaugural committee
Donations to President-elect Donald Trump’s inaugu Source: www.cnbc.com
CNBC Daily Open: Holiday-thinned markets cheered by strong Wall Street finish
Large tech firms sprinkled holiday cheer on U.S. m Source: www.cnbc.com
European markets close higher ahead of Christmas shutdown; Novo Nordisk resumes recovery
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Asian stocks had a strong 2024 — but this market was the clear winner, thanks to a tech rally
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How Gen X and millennials are changing the face of the traditional family office as they inherit over $80 trillion
As the baton of wealth is inherited by younger generations, the heirs of wealthy families are taking a more active role in the impact they seek to create in the world by using the traditionally monolithic family office for more innovative, value-based investments. The great wealth transfer is in full swing as over $100 trillion…
Elon Musk’s ‘social experiment on humanity’: How X evolved in 2024
Billionaire Elon Musk has hailed Twitter as a bastion for freedom of expression ever since he acquired the social media site two years ago. But over the course of 2024, X, as it is now called, has evolved from what felt like a communal town square into a polarised hub where views and posts seem…
Charities to get £15m to save surplus farm food
Charities, food banks and homeless shelters are to receive access to a £15m fund from the government to help use surplus farm food. Set to be launched in 2025 the scheme will give grants of £20,000 or more to the not-for-profit food redistribution sector in England. It continues a pledge by Prime Minister Sir Keir…
‘Dating for homes saved me £20,000 on holidays’
Inviting a stranger to stay in your home might seem like the opposite of a relaxing holiday, but for some travellers house exchanges are worth taking the leap of faith. “It’s just like dating for homes,” Liz Barlow tells me. Aged 70, the semi-retired management consultant has 31 home swaps under her belt and estimates…
ITP Aero Revolutionizes the Aviation Industry with 3D Printing for High-Tech Engines
Spanish company ITP Aero has achieved a significant milestone in aerospace engineering by implementing 3D printing technology to manufacture high-temperature engine components.
The U.S. Department of Justice Intensifies Battle Against Google’s Monopoly
The U.S. Department of Justice (DOJ) has proposed drastic measures to curb Google’s dominance in the search and digital advertising market.
Google Loses Over $100 Billion in Market Value Following Antitrust Proposals
Alphabet Inc., Google’s parent company, has faced one of its most significant market value losses in recent history, exceeding $100 billion.
The U.S. Seeks to Rein in Google’s Monopoly:
The U.S. Department of Justice has proposed radical measures to curb Google’s dominance in the search and online advertising market.
Real Estate Market Outlook for 2025: Trends and Expectations
The Spanish real estate market is poised for sustained growth in 2025. Housing prices are expected to continue rising, driven by demand that could exceed 666,000 property transactions. Experts highlight intense competition and growth supported by lower mortgage rates.
Increase in Tourist Rentals in Barcelona and Madrid
In recent decades, the cities of Barcelona and Madrid have experienced a notable rise in the availability of tourist and seasonal rentals. This phenomenon has transformed the local real estate market, affecting the availability of housing for residential rental.
Tesla’s Stock Surges Amid Prospective Federal Regulations for Self-Driving Vehicles
On November 18, 2024, Tesla’s stock experienced a significant increase following reports that President-elect Donald Trump’s transition team is prioritizing the establishment of a federal framework for self-driving cars.
Temu: Behind Attractive Offers Lies a Concerning Reality
In recent years, Temu has emerged as an e-commerce platform offering products at surprisingly low prices, capturing the attention of millions of consumers worldwide.
The Rise of Online Jewelry and Fashion Stores: Benefits for Buyers and Sellers
In today’s digital era, online jewelry and fashion stores have transformed the way we buy and sell products. Platforms like NOOM™ Jewelry exemplify the advantages they offer to both buyers and sellers in this virtual environment.
Grupo PRISA has achieved a significant improvement in its financial and operational position
Grupo PRISA has achieved a significant improvement in its financial and operational position over the past year, marked by a 10% reduction in net debt—equivalent to €89 million—by September 2024. Additionally, cash generation increased by 4% compared to the same period in 2023, reaching €59 million.
A recent analysis has identified 15 European companies with market capitalizations exceeding €100 billion
A recent analysis has identified 15 European companies with market capitalizations exceeding €100 billion, highlighting their significant influence on the continent’s economy.
Saica Group has expanded its presence in Central and Eastern Europe
Saica Group, a leading Spanish company in sustainable paper and packaging solutions, has expanded its presence in Central and Eastern Europe by acquiring Schumacher Packaging’s operations in Poland. This transaction, completed on October 31, 2024, includes two corrugated board plants in Bydgoszcz and Wrocław, two paper mills in Grudziądz and Myszków, and three service centers.…
United Nations Adopts the “Pact for the Future”
In September 2024, during the Summit of the Future held in New York, the United Nations adopted the “Pact for the Future,” an intergovernmental agreement aimed at addressing contemporary and future global challenges.
In the dynamic business landscape of 2024
In the dynamic business landscape of 2024, several trends are reshaping how companies operate and compete globally. The following are the key trends influencing the business environment