Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn
HSBC reported £7.5bn in quarterly profits, prompting campaigners to renew calls for a UK bank windfall tax that could raise £19bn to fund cost of living measures.
Nike was once China’s sneaker king. Here’s why its sales have fallen 30%
Nike’s China sales have declined 30% since 2021 as domestic brands gain market share amid a nationalist consumer movement, while the company struggles with distribution complexity and lack of localized products.
Ferrari CEO says he ‘would not change anything’ about polarizing Luce EV debut
Ferrari’s CEO says the company is satisfied with the polarizing Luce electric vehicle launch this spring, despite initial market backlash and stock declines that have since recovered.
The economy slowed a bit — but Americans continued to spend
U.S. GDP grew at a 1.5% annual rate in the second quarter as consumer spending remained robust despite rising inflation and a slowdown from earlier in the year.
UEFA threatens World Cup boycott over FIFA private equity investment plan
UEFA threatens to boycott FIFA competitions including the World Cup if FIFA proceeds with a plan to sell a 20% stake to private equity investors, calling the proposal irresponsible.
Thames Water boss says leakage targets ‘not realistic’
Thames Water’s chief executive claims the company’s leakage and pollution targets are unrealistic, amid ongoing criticism of the water company’s environmental performance and financial troubles.