China to use ultra-long bonds for consumer, trade-in policy support as worries about retail sales slump grow
China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the pandemic.
Philippines battles to contain oil spill as tanker sinks, leaving one dead
A tanker carrying 1.4 million liters of industrial fuel sank off the coast of Philippines, leading to one casualty and a vast oil spill.
Coinbase UK unit fined $4.5 million by British regulator over ‘high-risk’ customer breaches
U.K. regulators fined Coinbase’s U.K. arm £3.5 million ($4.5 million) on Thursday over breaches of a voluntary agreement designed to stop the cryptocurrency exchange onboarding “high-risk customers.
Unilever pops 6% on margin guidance raise, Ben & Jerry’s spinoff on track to complete by end of 2025
The company, whose vast portfolio of brands spans Dove, Axe, Knorr and Vaseline, recorded sales growth across all segments in the first half of the year.
Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales
Shares in Gucci-owner Kering fell on Thursday after the luxury group announced a sharp decline in revenue in the first half of the year.
Revolut clinches UK banking license, ending three-year wait
British fintech startup Revolut on Thursday that it had received a preliminary banking license with restrictions, bringing to an end a three-year wait.
Now you can see Taylor Swift’s costumes, shoes and instruments at a top London museum — for free
Swift’s costumes, and other objects from her archive, are being shown at a free “Songbook Trail” exhibition at London’s V&A museum.
Britain will soon lay out new plans to regulate ‘buy now, pay later’ firms like Klarna after delays
A U.K. Treasury department spokesperson said the government will set out plans to regulate “buy now, pay later” plans “shortly.”
Chinese banks cut deposit rates to relieve squeezed margins
Five of China’s major state-owned banks on Thursday cut deposit rates to cushion a hit after this week’s surprise lowering of lending benchmarks.
Europe stocks set to open lower amid global downturn; earning season ramps up
European markets are heading for a lower open Thursday, with a flurry of corporate earnings and a Wall Street selloff in focus.
