As the nation enters what is anticipated to be the longest recession in history, the UK economy contracted between July and September. During the three months, the economy shrank by 0.2% as rising prices hit both households and businesses. When… Read More ›
Due to the German sportswear giant’s termination of its partnership with Kanye West’s Yeezy brand, Adidas on Wednesday lowered its full-year guidance. Ye, formerly known as Kanye West, had a contract with the company terminated on October 25 as a… Read More ›
Elon Musk’s purchase of Twitter has given dogecoin, the meme cryptocurrency he popularized, a new leash of life. After the Tesla magnate closed the $44 billion deal, the price of Dogecoin doubled. On October 27, it was trading at about $0.07 when… Read More ›
According to proposed EU regulations, Airbnb and other short-term home rental businesses will need to share information on the number of users of their platforms, the European Commission announced on Monday. This is part of a light-touch approach to regulating… Read More ›
Based in part on predictions of a decline in global demand for Chinese goods, Barclays lowered its forecast for China’s economic growth to 3.8% for the coming year. Recessions are expected in the United States and Europe next year, according… Read More ›
When Donald Trump was banned from the social media site, ostensibly for life, he was very critical of it. Twitter stated that the permanent suspension was “due to the risk of further incitement of violence” after the Capitol Hill riots…. Read More ›
According to the World Health Organization, between 2019 and 2021, tuberculosis deaths are expected to have increased globally, reversing years of decline as the COVID-19 pandemic severely hampered efforts to combat the disease. The COVID-19 pandemic has hampered global efforts… Read More ›
Despite rising inflation, U.S. card companies are expected to benefit as pandemic-weary consumers continue to fuel demand for travel, one of the biggest contributors to revenue. Analysts predict that as more businesses resume business travel and people plan vacations, Visa… Read More ›
Sistema, a Russian telecoms-to-healthcare conglomerate, agreed to a $256 million deal for a stake in Melon Fashion Group on Wednesday, months after the retail outlet canceled plans for an IPO due to the conflict in Ukraine. Melon, based in St…. Read More ›
ASOS, the British company that was once regarded as the poster child for the shift to online fashion retailing, is set to overhaul its business model after the economic downturn and a thread of operational issues that severely hit its profits. While ASOS’s… Read More ›
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