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European firms unite in bid to rival SpaceX
Key European aerospace firms have agreed to pool their space operations into a single business in a bid to compete in the rapidly developing space industry against rivals including SpaceX. Pitched as a ‘European Space Champion’, the new company will be headquartered in Toulouse, employ around 25,000 people and have an annual turnover of €6.5bn…
US-China trade talks set for day two as TikTok deadline looms
US and Chinese officials will hold a second day of trade talks in Spain on Monday as the deadline for the Chinese owner of TikTok to find a buyer or face a ban in America looms. The negotiations, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are the latest attempt…
How do skincare dupes compare to luxury brands?
Rachael Parnell Rachel says with some of the dupes she “can’t tell the difference” When Rachael Parnell heard Aldi was selling a new skincare range that looked similar to products from luxury brand Augustinus Bader, she was “super excited”. She rushed to her nearest store to pick up the Lacura face cream for £8.49 for…
US probes Nike over white worker discrimination claims
The Equal Employment Opportunity Commission (EEOC), which enforces workplace discrimination laws, announced on Wednesday it has demanded company records going back to 2018, including the use of race and ethnicity data, and whether such information influenced executive pay.
US economy grows at fastest pace in two years
Natalie ShermanBusiness reporter Bloomberg via Getty Images The US economy picked up speed over the three months to September, as consumer spending jumped and exports increased. The world’s largest economy expanded at an annual rate of 4.3%, up from 3.8% in the previous quarter. That was better than expected, and marked the strongest growth in…
