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Daily Mail owners takeover of Telegraph to face probe
In issuing the probe into the deal, Nandy said: “The public interest considerations concerned are the need for a sufficient plurality of views in each UK market for news media; and, the need for a sufficient plurality of persons with control of media enterprises serving every different UK audience.”
US and Asia stocks slide as AI jitters persist
A burst of solid business news in the US was supposed to calm markets, which have been in retreat in recent weeks. But strong sales at artificial intelligence (AI) chip giant Nvidia and the world’s largest retailer Walmart, better-than-expected hiring in September, and even a pickup in home sales have so far done little to…
Court sides with Adidas in appeal over Kanye West collaboration
Adidas 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…
US tariff policy hasnt changed, says Trumps trade representative
On the day that Trump announced the IEEPA tariffs last April, the tariffs on his products went from zero to 30%, Smeaton told BBC Radio 4’s Today programme. Afterwards, they went up to 100%, then 145%, and eventually a rate of 30% was paid. This later changed to 20% and, for a few hours on…
Up to 150 ex-WHSmith high street stores to close as rescue deal approved
The owner of TG Jones, WH Smith’s former High Street business, has won approval for a sweeping restructuring which will see up to 150 shops close as well as steep rent cuts on most of the remaining stores. Modella Capital bought the chain stores last year and they were then rebranded under the name TG…
