UK retail footfall dips again as Storm Bert and later Black Friday hit sales | Retail industry
The number of shoppers going out in the UK in November fell for the second consecutive month as late Black Friday discounts, Stormbart and weak consumer confidence led to weaker sales. Latest data from the British Retail Consortium (BRC) and Sensormatic shows shopping centers were the worst hit, but visitor numbers to high streets and […]
Haberman says Zuckerberg's Mar-a-Lago visit a signal industry may be courting Trump
National political correspondent Maggie Haberman said that Meta CEO Mark Zuckerberg's recent visit to President-elect Trump's Mar-a-Lago resort was a sign that the industry was taking office. He said this may be a sign that he was trying to build bridges with President Trump ahead of the ceremony, rather than the other way around. “It's […]
The Crypto Industry Is Helping Trump Pick SEC Chair – WIRED
In July, at a Bitcoin conference in Nashville, Tennessee, President Trump drew perhaps the loudest applause of the night when he promised to fire Gensler if he was re-elected. “I will appoint an SEC chairman who will build the future, not prevent it,” President Trump said. Last week, Gensler he announced that he would resign […]
Russian Gas Deals a Necessity for German Industry that Helped Placate Moscow
Former German Chancellor Angela Merkel has defended her gas deal with Russia, supported German companies and maintained peace with Moscow, laying out her strategy in her memoir. freedomreleased in 30 languages on Tuesday. Chancellor Merkel has vigorously defended her actions and her central role in European geopolitics because she is clearly too soft on Russia […]
Retail sales slide in Great Britain amid pre-budget uncertainty | Retail industry
UK retail sales fell for the first time in three months in October as consumers cut back on spending ahead of Labor's first budget in 14 years. The Office for National Statistics (ONS) announced that October sales fell 0.7% on the previous month, and revised down September's growth rate from 0.3% to just 0.1%. Clothing […]
Investors forced to pay for ‘undeserved’ bonuses at three water suppliers | Water industry
Investors in Thames Water, Yorkshire Water and Dul Cymru Welsh Water will be given executive bonuses after the water regulator ruled the sector had made “unwarranted” additional payments worth £6.8 million. will be forced to pay. Ofwat announced on Thursday that it had exercised new powers to make bonus payments to shareholders and bondholders of […]
Trump’s cut to Biden’s EV tax credit, backed by Musk, may impact auto industry, experts say
President-elect Trump is reportedly considering rolling back the Biden administration's credibility for electric vehicles, a move that experts say will have mixed effects on the auto industry as a whole. President Biden has implemented tax credits of up to $7,500 to encourage the purchase of environmentally friendly vehicles. But sources told Reuters that President Trump […]
NY’s $7.7B in handouts for film industry come under scrutiny
New York state's $7.7 billion in benefits to its film industry came under scrutiny Wednesday. State lawmakers took note of new analysis showing taxpayers aren't getting the best return. An independent analysis of the film production tax credit conducted by a Philadelphia-based consulting firm found that about $700 million a year in lost revenue is […]
Severn Trent’s profits triple as it fails drinking water risk rules | Water industry
Severn Trent nearly tripled its profits despite the FTSE 100 water company announcing it did not meet drinking water risk standards. The company, which serves 4.7 million customers from Bristol and mid-Wales to the Humber, said it “will be fined this year” over a measure of water quality known as the Compliance Risk Index (CRI). […]
Drug industry treads carefully after stunning RFK Jr. nomination
The selection of Robert F. Kennedy Jr. to lead the Department of Health and Human Services (HHS) shocked the pharmaceutical industry. But many industry insiders and outside lobbyists who spoke to The Hill said they were not prepared to oppose Kennedy outright, at least not yet. Lobbyists said they had expected Mr. Kennedy to have […]