Shein’s UK profits double; Water companies penalised for poor performance; China targets EU brandy – business live
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Business - CNBC
GM investor day: Cruise, cash and EV profits top of mind for Wall Street
General Motors will attempt to address investor concerns at a capital markets day Tuesday that it can sustain, if not grow profits.Yesterday -
Top stories - BBC News
TGI Fridays rescue deal but 1,000 UK jobs to go
The deal to save the chain will see more than 30 of its restaurants close.Yesterday - United Kingdom -
World - Financial Times
Spain proposes mini-coalitions to break EU capital markets stalemate
Madrid wants three or more countries to be able to forge ahead when others are opposedYesterday - European Union -
Politics - The Hill
Democrats accuse food, beverage companies of ‘profiteering’ through ‘shrinkflation’
Two Democratic lawmakers have sent a letter to some of the country’s biggest food and beverage companies arguing they are “profiteering” through “shrinkflation,” the practice of reducing product ...Yesterday -
Business - Financial Times
Water demand will soar because of wars and tech, says utility boss
Cox chief expects needs to rise at 10-15% rate a year as company seeks to raise €300mn on Madrid Stock ExchangeYesterday -
Business - Financial Times
UK delays third stage of post-Brexit border rollout
Traders say repeated hold-ups by government are hitting business confidenceYesterday - United Kingdom -
Top stories - ABC News
Minnesota ranger dies during water rescue at Voyageurs National Park
A park ranger died while trying to save three people during a water rescue at a national park in MinnesotaYesterday -
Tech - VentureBeat
AI Platform Alliance brings system and chip companies together
The AI Platform Alliance announced today the expansion of its consortium aimed at combining the key chips and hardware for modern AI.Yesterday - Artificial Intelligence -
Politics - The Hill
Asheville small businesses: You will recover
If you're a small-business owner in Asheville, unfortunately, you're reeling right now.Yesterday -
Top stories - CBS News
Water supplier American Water Works says systems hacked
American Water Works says it's investigating impact of breach; utility supplies drinking water to 14 million people.Yesterday -
Business - Inc.
Temu Pursues Amazon’s Third-Party Sellers Business
The e-commerce platform selling cheap goods delivered directly to consumers from China is now recruiting U.S.-based vendors by undercutting Amazon’s service charges.Yesterday -
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Business - The Wall Street Journal
Richemont to Sell e-Commerce Business YNAP to Mytheresa
Cartier owner Richemont has agreed to sell Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, and said it expected to book a $1.4 billion hit as a result.Yesterday -
Business - Financial Times
China tells schoolteachers to hand in their passports
Authorities make travelling abroad difficult for growing number of public sector employees2 days ago - China -
Lifestyle - The New York Times
8-Year-Old Zoe Wilson Drove Herself to Target and Became an Internet Star
Tangie Wilson was sleeping when her daughter Zoe sneaked out of the house and drove to the store. The tale of how it all unfolded is as relatable as it is incredible.3 days ago -
Business - Inc.
A Ford EV Became an Essential Part of This Small Business’s Hurricane Survival Plan
Erica Lacher used her EV battery to run her veterinary clinic after Hurricane Helene, a boost for both humans and horses.4 days ago