Trending Business News
‘Penchant for bling’: can Sports Direct’s Mike Ashley take a bigger slice of luxury retail?
Mike Ashley’s Frasers Group acquired Harvey Nichols this month, continuing a luxury brand purchasing strategy that critics question given recent underperformance in the premium segment.
Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay
Paramount seeks a $1.88 billion bond from state attorneys general challenging its merger with Warner Bros. Discovery, citing substantial costs from delays in closing the acquisition.
Group including Jeff Bezos buys minority stake in Liverpool FC, with option to become controlling owner
A consortium led by Jeff Bezos has agreed to acquire a minority stake in Liverpool FC valued at approximately $7.1 billion, with an option to become controlling owner within 12 months.
Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay
Paramount seeks a $1.88 billion bond from state attorneys general challenging its merger with Warner Bros. Discovery, citing substantial costs from delays in closing the acquisition.
Lakers governor Jeanie Buss says siblings cannot sell family’s stake to Bob Iger, Joshua Kushner
Lakers governor Jeanie Buss is opposing a potential sale of her family’s stake in the team, asserting she retains controlling authority and that any such transaction would require her approval.
Proposed California wealth tax sparks debate: Will billionaires leave the state?
California voters will decide in November on Proposition 40, a one-time 5% tax on billionaires’ assets. The measure has sparked intense debate over whether wealthy residents will flee the state.
Royal Mail misses delivery targets again but hails ‘encouraging’ signs
Royal Mail missed delivery targets again but reported improvement in first-class mail performance, up to 85% from 76% year-over-year, though still below regulator Ofcom’s 90% benchmark.
What does Tyson’s shutdown of two US beef plants mean for grocery costs?
Tyson Foods announced closure of two beef processing plants amid a 75-year low in US cattle supply, though economists say the shutdowns are unlikely to significantly impact consumer grocery prices.
U.S.-Canada trade talks collapse just before deadline for tariffs
U.S.-Canada trade negotiations collapsed Friday night as a midnight tariff deadline approached, with both nations blaming each other for the breakdown and Canada pledging retaliatory measures.
Iran war and high living costs fuelling last-minute holiday bookings, Tui says
Travel bookings are shifting to last-minute decisions due to ongoing geopolitical tensions and cost-of-living pressures, Tui reports, citing €60m in war-related losses.
Great Britain braced to pay millions for backup electricity during solar eclipse
Great Britain faces millions in backup electricity costs as a near-total solar eclipse Wednesday is expected to eliminate solar power generation during peak evening demand.
Telstra CEO gets $700,000 pay rise to $6.8m despite Australia-wide outage
Telstra CEO Vicki Brady received a $6.8m pay package for the year ending in June, including a $700,000 raise, despite the company cutting her bonus by 20% following a nationwide network outage in July.
Australia’s largest aluminium smelter to run on renewables by 2033 after Rio Tinto strikes $2.5bn taxpayer bailout deal
Australia’s largest aluminium smelter will transition to renewable energy by 2033 under a $2.5bn government subsidy deal with Rio Tinto, securing nearly 3,000 jobs in the Hunter region.
UK economic growth slows down as Iran war pushes up energy prices
UK economic growth slowed to 0.4% in the second quarter as Middle East conflict drove up energy prices, though the economy proved more resilient than anticipated.
American Airlines will stop upgrading elite flyers to business from coach on long domestic flights
American Airlines will stop offering complimentary business class upgrades to elite frequent flyers on certain long-haul domestic routes, redirecting them to premium economy instead starting Aug. 25.
Burnham vows crackdown on ‘rip-off’ business practices to ease cost of living
Prime Minister Andy Burnham announced plans to ban misleading discount practices and strengthen subscription protections, measures expected to save consumers approximately £400 million annually.
Households near new pylons to get £250 taken off annual energy bills
UK households near new power pylons will receive £250 annual energy bill discounts as the government pursues over 40 grid upgrade projects nationwide to support renewable energy transition.
Panama canal fees soar due to Iran war and El Niño as ship ‘pays $4m to jump queue’
Panama Canal transit costs surge as ships face 10-day delays amid Iran-related detours and El Niño-driven water shortages, with one vessel reportedly paying $4 million to skip the queue.
Coughlans Bakery sites to reopen as Janes Pantry after buyout
Janes Pantry has acquired multiple locations from defunct Coughlans Bakery, planning to reopen 20 shops under its own brand following the chain’s closure in June.
Home Depot CEO taking temporary medical leave, two top execs to run the retailer
Home Depot CEO Ted Decker is taking temporary medical leave, with two executives assuming leadership roles until his return.
EU urges Caribbean nations to shut down golden passport programs or face travel restrictions
The European Union has notified five Caribbean nations to terminate their citizenship-by-investment programs by 2028 or face restrictions on visa-free access to the Schengen area.
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Business Articles
Digital Marketing Agency Revpanda Took A Part At An Igaming Conference In Amsterdam
Revpanda remains one of the digital platforms dedicated to making the iGaming industry as lucrative as possible. With this goal, the online forum sponsored the iGathering that was scheduled for the 29th of September 2021 after they had attended several networking...
How To Run A Successful Airbnb Business
The unprecedented growth of the company Airbnb for 12 years of existence attracts even more people who want to make money on short-term rental of real estate. Almost anyone who is able to rent even one room can make progress by renting it to Airbnb. Here can earn not...
Use This Cold Email Trick to Boost Replies
Feeling stuck when it comes to cold emails? If so, there’s a trick I want to share that can majorly boost your response rates. And by “trick,” I mean “a cold email method that works.” What’s An Average Response Rate? It can be very difficult to gain traction with cold...
States with the Fewest Coronavirus Restrictions – WalletHub Study
With most states partially reopened after closing down non-essential businesses earlier in the COVID-19 pandemic, the personal-finance website WalletHub today released updated rankings for the States with the Fewest Coronavirus Restrictions, as well as accompanying...