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Court sides with Adidas in appeal over Kanye West collaboration
Posted onAdidas has fended off an appeal from shareholders who accused it of hiding misconduct by rapper-entrepreneur Kanye West – otherwise known as Ye – before their partnership broke down in 2022. A San Francisco court said the sportswear giant did not mislead investors, who claimed they had lost money after Adidas shares plunged when it…
Could a huge data centre revitalise Ayrshire – or ruin it?
Posted onLast autumn, Intelligent Land Investments (ILI) – a company with a background in clean energy development and battery storage projects – announced ambitious plans for a data cluster called the Stoics, spread across sites in Ayrshire, Lanarkshire and Fife.
AI giant Anthropic plans to list on US stock market
Posted onHarrison Rolfes, a research analyst a Pitchbook, added Anthropic’s IPO “will be the most scrutinized public offering in tech history”, with investors poring over its business margins, sales and profitability for signs that valuations and costs of AI make financial sense.
Trump threatens to pull out of planned Xi meeting
Posted onPresident Donald Trump has threatened to pull out of an expected meeting with President Xi Jinping of China after Beijing tightened its rules for exports of rare earths. In a post on social media, Trump said he now saw “no reason” to meet with President Xi later this month, accusing China of “becoming very hostile”…
Faisal Islam: Rachel Reeves pre-emptively justifies tax rises
Posted onIn Liverpool Rachel Reeves seemed to be floating a pre-emptive argument ahead of possible tax rises in her November Budget. The key line in the chancellor’s speech in relation to the Budget was her linking of tough decisions “in coming months” to global headwinds and a critical reassessment of the long-term productivity performance of the…
