Business

Rishi Sunak, who was seen wearing Adidas Sambas was forced to apologize after fashionistas reacted so strongly. The Prime Minister said to LBC, "I sincerely apologize to the Samba Community." In my defense, I'd say that I've been wearing…

Revolut's UK CEO has warned that London faces the risk of losing its dominance in the fintech industry to New York. Francesca Carlesi stated on April 15, that the threat of losing talent to US companies was "the biggest threat" for…

Sotheby's will use works by Picasso, Warhol and Rembrandt as collateral for a bond of $500m (£399m). The auction house has bundled almost 90 loans to art collectors that are linked to artworks into a special bond. Bloomberg reported…

Slug & Lettuce's owner has expressed concerns about the future of his company as he races to refinance over £2bn worth of debt. Stonegate, UK's largest pub operator, with over 4,000 locations across the UK, has warned that "material…

BP is expecting a "strong performance" from its trading division, which buys and sold oil. It also expects an improvement in the upstream production and gas of oil and low-carbon fuels. The FTSE group stated in advance of the release of…

Macquarie, a financial group based in Australia, is a member of the consortium that lends to Thames Water parent company Kemble Water Finance. The fate of the struggling utility could be decided by the lenders last week, including two…

Taiwan Semiconductor Manufacturing Co., the world's largest chipmaker, has agreed that its most advanced products will be made in Arizona starting in 2028. This is a major boost for White House efforts to bring manufacturing of…

Federal investigators launched a new investigation into a Boeing after the engine cowling on a Southwest Airlines plane blew off during flight. The aircraft, which had departed Denver for Houston at 07:00 local time on Sunday morning,…

Vitol is the largest independent commodity trader in the world. It has earned far more profits than its competitors for the second consecutive year, cementing its position as a major player in the global energy market. According to…

Last month in Beijing, the lord Mayor of London met Han Zheng - vice president of the People's Republic of China. Rishi Sunak, a British economist, warned days later that China was the "greatest threat" to UK economic security. However, the…

Virgin Atlantic, which almost died during the pandemic in 2009, says that it will achieve record profits this year when passenger numbers return to pre-Covid levels. The Heathrow carrier, owned by Virgin Group of Sir Richard Branson and…

The consortium, which includes Justin King, former CEO of J Sainsbury and other high-net worth individuals, has raised £50million to acquire premium restaurants. Hestia Hospitality - named after the Greek Goddess of Home and Hospitality…

Shein, an online fast-fashion company, has seen its profit more than double as it waits for Beijing's approval to list its blockbuster in New York or London. Shein has recorded a record profit of over $2bn for 2023. The company's website…

The former head of Sequoia Capital’s India unit said that the country was getting a “huge” boost as investors moved their money from China, as geopolitical conflicts reshaped the global venture capital markets. Shailendra Singh is the…

Hong Kong is losing out to competitors in south-east Asia and mainland China in terms of seaborne cargo volume. Drewry, a maritime consultancy, says that the container throughput in Hong Kong dropped 14 percent last year and reached…

According to sources familiar with the situation, Formula One owner Liberty Media has exclusive negotiations to purchase the company that owns MotoGP. This would bring together the two elite racing series: the car and the motorcycle. The…

Merlin Entertainments announced today the purchase of the Orlando Wheel in Icon Park, Florida. It is the tallest observation wheel east of America. The British company has already purchased a Madame Tussauds and a Sea Life Aquarium in…

Sir Richard Branson waived over £100 million he was due to receive from Nationwide Building Society in exchange for the use of Virgin Money as part of its £2.9 billion acquisition. Virgin is a billionaire entrepreneur who has a…