Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The writer is chief economist at ANZ The renminbi is likely to increasingly become a subject of international consternation. China is looking for ways to sustain growth despite domestic and global constraints. Internal investment and … Read more
Wednesday, June 12, 2024 1:42 PM Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email Shares of Britain’s major banks were among the biggest gainers in a broader market rally on Wednesday. Banks breathed a sigh of relief after Rachel Reeves appeared to … Read more
Image source, Getty Images Item information Author, Daniel Thomas, Lora Jones and Lucy Hooker Role, Business reporters, BBC News 4 hours ago The largest order 17-year-old Michaela ever made from Shein was £150, when she bought “16 plus items”. Like millions of others, she’s a big fan of the ultra-fast fashion giant, especially because of … Read more
© Mr.siwabud Veerapaisarn By Gavin van Marle 07/06/2024 There were further double-digit increases in spot freight rates for containers this week, after a series of across-the-board rate increases and other surcharges came into effect on June 1, a day or two after last week’s indices were published. Drewry’s World Container Index (WCI) posted week-on-week gains … Read more
Image source, Getty Images Image caption, Abercrombie & Fitch’s new market works for millennials Item information Author, Natalie Sherman Role, BBC news 3 hours ago It’s not just styles from the nineties that are making a comeback. One of the biggest brands of the decade is too. Abercrombie & Fitch appears on track for a … Read more
Ethereum’s price is approaching $4,000, driven by optimism surrounding newly approved ETFs. Market analysts suggest that the potential for Ethereum could reach as high as $10,000 in the current cycle. In the wake of the US Securities and Exchange Commission (SEC) approving applications for Ethereum [ETH]-based Exchange Traded Funds (ETFs), the king of the altcoins, … Read more
Jian Wen came to Britain to ‘enjoy the better things in life’. The 42-year-old drove an E-Class Mercedes-Benz, enjoyed a £30,000 Harrods shopping spree and enrolled her son in the prestigious £6,000-per-term Heathside Preparatory School, near her £5 million home. It wasn’t until she started building a global property empire, attempting to buy a £23 … Read more
In this photo illustration, the Nvidia logo appears on a smartphone screen and in the background. Rafael Henrique | SOPA images | Light rocket | Getty Images This report is from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily Open updates investors with everything they need to know, wherever they are. … Read more
Ocean water is pushing miles beneath Antarctica’s “Doomsday Glacier,” making it more vulnerable to melting than previously thought, according to new research that used radar data from space to create an X-ray of the crucial glacier. As the salty, relatively warm ocean water meets the ice, it causes a “powerful melt” under the glacier and … Read more
CNN — Ocean water is pushing miles beneath Antarctica’s “Doomsday Glacier,” making it more vulnerable to melting than previously thought, according to new research that used radar data from space to create an X-ray of the crucial glacier. When the salty, relatively warm ocean water meets the ice, it causes a “powerful melt” under the … Read more