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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…
Trump Accounts: Will the new savings scheme for American children succeed?
Posted onWhile the White House has been keen to push the scheme, reaction to it has been split. The White House’s argument is that Trump Accounts offer millions of children a way into stock ownership in the US, which it says has historically been “unevenly distributed, with many households – especially younger and lower‑income families –…
JLR temporarily halts production at Solihull plant
Posted onA JLR spokesperson said: “Due to a part supply challenge with a supplier, we are temporarily pausing production on certain vehicle lines at our Solihull manufacturing facility. We are working closely with that supplier to resolve the issue as quickly as possible and minimise any impact on our clients or our operations.”
Why has the Bank of England cut interest rates?
Posted onSo why has the Bank of England cut rates when inflation is well above its target of 2% and seems set to remain there? This vexed question is why the proceedings of the Bank’s nine member Monetary Policy Committee were so close and even involved an unprecedented second vote. The bottom line is that in…
Amazon says drones damaged three facilities in UAE and Bahrain
Posted onThe incidents occurred on Sunday morning, with Amazon Web Services (AWS) saying at the time that ”objects” had hit a data centre in the UAE, creating ”sparks and fire”. Also on Sunday, AWS said it was investigating power and connectivity issues at a facility in Bahrain.
