Business News
By Elisa Anzolin MILAN (Reuters) – Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and economic uncertainty shrinking the industry’s customer base, according to consultancy Bain & Company. In its closely-watched report on the 363-billion-euro ($386 billion) market, Bain estimated … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Underperforming NHS hospitals will be publicly shamed in league tables and failing health bosses will be sacked, UK health secretary Wes Streeting will warn in a speech to sector leaders on Wednesday. Addressing the NHS … Read more
Swedish payments firm Klarna Group Plc has filed for an initial public offering in the US, ending months of speculation that the company was readying a stock market listing. Klarna confidentially submitted a draft registration statement to the Securities and Exchange Commission regarding the IPO, it said in a statement. The number of shares to … Read more
In an unexpected show of companionship, food-tech delivery giant Zomato has publicly congratulated its rival, Swiggy, on the successful listing of its initial public offering (IPO). The gesture comes in the wake of Swiggy’s debut on the stock market, where it received a warm reception from investors. Zomato shared its goodwill message on social media, stating, … Read more
(Bloomberg) — A surge in bitcoin (BTC-USD) has paused as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto. Most Read from Bloomberg The digital asset is up about 30% in the wake of Trump’s Nov. 5 election victory, hitting a record of $89,968 on Tuesday, based on data compiled … Read more
Earnings Snapshot: Alcon reports mixed Q3 results; lowers FY24 outlook below estimates
Retired NASA Astronaut Terry Virts weighs in on the latest developments in the Boeing Starliner mission. NASA’s Jet Propulsion Laboratory (JPL) will lay off a significant portion of its workforce on Wednesday, according to a memo that the company sent on Tuesday. The lab, which specializes in robotic spacecraft and is managed by the California … Read more
MELBOURNE, Australia and BERLIN, Nov. 13, 2024 (GLOBE NEWSWIRE) — Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) today announces that it has entered into a technology collaboration and licence agreement with Berlin-based Eckert & Ziegler SE (EZAG) for the use of EZAG’s cyclotron-based systems to produce the alpha-emitting isotope, actinium-225 (225Ac). This provides Telix … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Klarna has fired the starting gun on its long-anticipated stock market flotation after the Swedish buy now, pay later pioneer said it had filed initial public offering documents in the US. The Swedish fintech said … Read more
Billionaire Elon Musk and entrepreneur Vivek Ramaswamy will lead a new Department of Government Efficiency tasked to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” President-elect Donald Trump announced Tuesday. On the campaign trail, Trump said the government efficiency effort would develop a plan to eliminate “fraud and improper payments,” … Read more