Temu: Chinese platform which encourages customers to ‘shop like a billionaire’ to rake in $40bn in Amazon challenge February 26, 2024 Temu, the ultra cheap Chinese retailer, is forecast to rack in $40bn (£31bn) in gross merchandise value (GMV), as it continues to spawn the western retail market.
Vodafone boss says European regulators need to ‘reboot’ and be more supportive of growth in the sector February 26, 2024 The chief executive of Vodafone Group has stated that European regulators need a "reboot" as she advances with her UK merger deal.
Miniso: The New York-listed Chinese retailer looking to take London high streets by storm February 26, 2024 Shein was first - but it isn't the last Chinese operation coming for London
Can Aston Martin get back in the fast lane? February 24, 2024 Aston Martin's full-year results are in the spotlight next week as the supercar maker looks to get back in the fast lane.
The Power of Capitalism: China’s growth is a case study in market forces February 22, 2024 Dr Rainer Zitelmann is a German historian, sociologist and author. His latest book is The Power of Capitalism. In our exclusive series, Zitelmann reveals a compelling body of evidence that capitalism and market economies have lifted billions out of poverty. Today he writes on China. For millennia, China suffered famine after famine. As recently as [...]
Lloyds, HSBC, Barclays and Natwest post record £44bn profits from global interest rate hikes February 22, 2024 The UK's biggest banks notched their highest combined annual profits ever last year as interest rate hikes around the world gave lenders gaping margins.
Mark Kleinman: Elliott will need more to ‘Curry’ investor favour February 22, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column.
Currys’ largest shareholder warns Elliott offer ‘highlights London equity market drain to US’ February 20, 2024 The head of Currys' largest shareholder Redwheel, a hedge fund formerly known as RWC said Elliott Advisors' proposed takeover offer of the retailer has “highlighted a wider problem with the UK equity market.”
China’s central bank slashes mortgage rates in high-stakes bid to revitalize property market February 20, 2024 China's central bank slashed the benchmark mortgage interest rate on Tuesday in a bid to jumpstart the country's sluggish property market and boost its struggling economy.
FTSE 100 close: Strong Barclays results fails to lift London due to China concerns February 20, 2024 Caution gripped the air as investors continued to fret over the prospects of the world's second largest economy.