Ever Given docks in Felixstowe after blocking Suez Canal August 3, 2021 Ever Given finally docked at the Port of Felixstowe on Tuesday after blocking the Suez Canal earlier this year. The ship was stuck for six days in the major shipping lane in Egypt, causing mass disruption to the global supply chains in April. Ever Given’s mooring at the Port of Felixstowe today has attracted dozens [...]
Hush Puppies owner Wolverine Worldwide snaps up Sweaty Betty for $410m August 3, 2021 Footwear giant Wolverine Worldwide has added the UK activewear brand Swear Betty into its portfolio after sealing a deal of $410m overnight. Wolverine Worldwide, behind footwear brands like Merrell, Saucony, Sperry and Hush Puppies, bought Swear Betty from consumer-focused private equity firm L Catterton. The deal was funded by cash and the company’s revolving line of credit. “Sweaty [...]
China sets ‘buy Chinese’ targets for state companies against US trade deal August 3, 2021 The Chinese government has issued new procurement guidelines for state-owned companies and organisations that require up to 100 per cent local content on over 300 items, setting new obstacles for foreign suppliers. Document 551, titled “Auditing guidelines for government procurement of imported products”, was issued in May by the Chinese Ministry of Finance and the [...]
Belarus athlete granted Polish visa after refusing to return home August 2, 2021 Belarusian athlete Krystsina Tsimanouskaya, who refused her team’s orders to board a flight home from the Tokyo 2020 Olympics, has been granted a humanitarian visa by the Polish government. The sprinter, 24, entered the Polish embassy in Tokyo earlier today after spending a night in secure accommodation at Haneda airport under Japanese police protection. Tsimanouskaya [...]
Chapel Down boss to step down after 20 years at helm August 2, 2021 England’s biggest winemaker Chapel Down is preparing for a leadership shift as it announced today chief executive Frazer Thompson will retire next month. Andrew Carter, currently managing director at Chase Distillery, a vodka and gin producer set up by the owner of Tyrrells crisps, will succeed Thompson on 13 September. The designated CEO said he [...]
China securities watchdog seeks closer cooperation with US after Didi crackdown August 2, 2021 The China Securities Regulatory Commission (CSRC) has said it will enhance communication with its US counterpart on overseas listing after US regulators tightened disclosure for Chinese companies. The Chinese securities regulator said it had noticed the US Securities and Exchange Commission’s (SEC) new disclosure requirements for Chinese companies’ listings. It added the two sides should [...]
Hong Kong singer Anthony Wong arrested over election rally performance August 2, 2021 Hong Kong’s anti-corruption watchdog has arrested Cantonpop singer Anthony Wong Yiu-ming and former lawmaker Au Nok-hin for breaching electoral law by singing at a pro-democracy campaign rally three years ago. Wong, 59, and Au, 34, are both charged with engaging in corrupt conduct by providing entertainment to induce others to vote at the Legislative Council [...]
Games Workshop shares slump despite sales surge over lockdown July 27, 2021 Games Workshop shares slipped today despite the gaming and miniature figures retailer recording a spike in sales as Brits got on its ware to relieve lockdown. The Nottingham-based firm’s pre-tax profits surged 69 per cent, hitting nearly £151m in the year to 30 May. Revenue rose 31 per cent to £353m due to a hike [...]
Three’s a party: Isle of Wight triplets all receive first-class degree in geography July 27, 2021 Three English brothers all received their first-class degrees in geography at the University of Portsmouth today. 21-year-old triplets – Charlie, Harry and Thomas White, from Wootton Bridge, Isle of Wight – all chose to study the same subject at the same university without discussing it with each other. “One of our school teachers was a [...]
First person found guilty under Hong Kong’s controversial security law July 27, 2021 The first person charged under Hong Kong’s controversial national security law could face life in prison after three judges found Tong Ying-kit guilty of inciting secession and terrorism charges on Tuesday. The landmark ruling, which came 13 months after the law imposed by Beijing, has marked implications on how the legislation reshapes Hong Kong’s common [...]