Eurozone private sector activity falls in July: Is the recovery already over?
Eurozone private sector activity dropped in July, hitting a five-month low. The Composite PMI fell to 50.1, signalling near-stagnation and raising concerns about the recovery’s momentum. Private sector activity in…
Champagne makers vote for smaller harvests as sales lose their fizz
Champagne producers have also come under pressure in recent weeks, following China’s decision to impose tariffs on the import of luxury goods from the EU. The French champagne committee, along…
Global IT Outage Causes Widespread Disruption Across Multiple Sectors
Companies, banks and airlines worldwide have been hit by a major IT outage which is causing massive disruption to a wide range of services. Here’s a look at the businesses…
Which countries are powering ahead with electric car registrations?
New registrations of electric cars in the EU dipped slightly in June, despite significant growth in Croatia, Czechia, and Hungary. Registrations of battery-electric cars declined by 1% in the EU…
Apple unveils AI tech: ChatGPT arrives on iPhone and ‘Apple Intelligence’ launched
Apple showcased AI integration at the WWDC 2024 Developer Conference, with revamped Siri, OpenAI partnership included. But updates fail to impress investors. In a much-anticipated reveal, Apple introduced its new…
Paramount looks to paint new pictures with Skydance Media
Paramount Global agrees to a deal with Skydance Media which will see Skydance’s leadership team installed at Paramount. One of Hollywood’s oldest film studios, Paramount Global, is to merge with…
Film buffs go bananas at the box office over Despicable Me 4
Despicable Me 4 recently arrived at a cinema near you. The latest Minion tales have pushed Inside Out 2 into second place in worldwide box office takings and helped save…
Mulberry hopes to bag a winner with new CEO after sales see a fall
Mulberry’s share price has fallen 39% since January, amid a global decline in the luxury sector, mainly driven by shoppers from Asia cutting back. Luxury giant Mulberry has dispensed with…
Private equity bosses ponder leaving UK over Labour tax rise fears
Labour’s plans to close the “carrying interest” private equity sector loophole has led to several funds and executives considering moves to countries with more beneficial tax regimes, such as Italy…